RGPM.NEO vs. CGL-C.TO
RGPM.NEO (RBC Global Precious Metals Fund) and CGL-C.TO (iShares Gold Bullion ETF) are both Precious Metals funds. RGPM.NEO is actively managed, while CGL-C.TO is passively managed. Over the past 3 years, RGPM.NEO returned 45.86%/yr vs 32.37%/yr for CGL-C.TO. At a 0.49 correlation, their price movements are largely independent. RGPM.NEO charges 1.02%/yr vs 0.55%/yr for CGL-C.TO.
Performance
RGPM.NEO vs. CGL-C.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RGPM.NEO achieves a 2.68% return, which is significantly lower than CGL-C.TO's 4.95% return.
RGPM.NEO
- 1D
- 1.32%
- 1M
- 2.09%
- YTD
- 2.68%
- 6M
- 9.50%
- 1Y
- 62.65%
- 3Y*
- 45.86%
- 5Y*
- —
- 10Y*
- —
CGL-C.TO
- 1D
- 0.54%
- 1M
- 0.13%
- YTD
- 4.95%
- 6M
- 5.44%
- 1Y
- 33.77%
- 3Y*
- 32.37%
- 5Y*
- 21.43%
- 10Y*
- 13.90%
RGPM.NEO vs. CGL-C.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RGPM.NEO RBC Global Precious Metals Fund | 2.68% | 143.89% | 36.75% | -3.95% |
CGL-C.TO iShares Gold Bullion ETF | 4.95% | 55.55% | 37.41% | 7.88% |
Correlation
The correlation between RGPM.NEO and CGL-C.TO is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.50 |
Over the past year, RGPM.NEO and CGL-C.TO have become more correlated (0.74) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
RGPM.NEO vs. CGL-C.TO — Risk / Return Rank
RGPM.NEO
CGL-C.TO
RGPM.NEO vs. CGL-C.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Global Precious Metals Fund (RGPM.NEO) and iShares Gold Bullion ETF (CGL-C.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| RGPM.NEO | CGL-C.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.95 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.76 | 4.76 | +1.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RGPM.NEO | CGL-C.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.34 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.60 | +0.76 |
Drawdowns
RGPM.NEO vs. CGL-C.TO - Drawdown Comparison
The maximum RGPM.NEO drawdown since its inception was -29.46%, smaller than the maximum CGL-C.TO drawdown of -33.04%. Use the drawdown chart below to compare losses from any high point for RGPM.NEO and CGL-C.TO.
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Drawdown Indicators
| RGPM.NEO | CGL-C.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.46% | -33.04% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -29.46% | -17.37% | -12.09% |
Max Drawdown (3Y)Largest decline over 3 years | -29.46% | -17.37% | -12.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.78% | — |
Current DrawdownCurrent decline from peak | -22.85% | -14.88% | -7.97% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -12.24% | +3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.91% | 7.12% | +3.79% |
Volatility
RGPM.NEO vs. CGL-C.TO - Volatility Comparison
RBC Global Precious Metals Fund (RGPM.NEO) has a higher volatility of 16.12% compared to iShares Gold Bullion ETF (CGL-C.TO) at 5.29%. This indicates that RGPM.NEO's price experiences larger fluctuations and is considered to be riskier than CGL-C.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGPM.NEO | CGL-C.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.12% | 5.29% | +10.83% |
Volatility (6M)Calculated over the trailing 6-month period | 35.57% | 21.55% | +14.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.99% | 25.34% | +17.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.71% | 16.97% | +15.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.71% | 15.56% | +17.15% |
RGPM.NEO vs. CGL-C.TO - Expense Ratio Comparison
RGPM.NEO has a 1.02% expense ratio, which is higher than CGL-C.TO's 0.55% expense ratio.
Dividends
RGPM.NEO vs. CGL-C.TO - Dividend Comparison
Neither RGPM.NEO nor CGL-C.TO has paid dividends to shareholders.
Frequently Asked Questions
RGPM.NEO and CGL-C.TO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGL-C.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGL-C.TO is cheaper with a 0.55% expense ratio, compared with 1.02% for RGPM.NEO.
They also come from different issuers: RBC Global Asset Management. and iShares. Their fees differ too: 1.02% for RGPM.NEO and 0.55% for CGL-C.TO.
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