RIT.TO vs. ZGD.TO

Last updated Jul 16, 2026

RIT.TO (CI Canadian REIT ETF) and ZGD.TO (BMO Equal Weight Global Gold Index ETF) are both exchange-traded funds - RIT.TO is a REIT fund actively managed by CI Investments, while ZGD.TO is a Gold fund tracking the Solactive Equal Weight Global Gold Index. RIT.TO is actively managed, while ZGD.TO is passively managed. Over the past 10 years, RIT.TO returned 6.83%/yr vs 13.32%/yr for ZGD.TO. At a 0.12 correlation, their price movements are largely independent. RIT.TO charges 0.87%/yr vs 0.60%/yr for ZGD.TO.

Performance

RIT.TO vs. ZGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Canadian REIT ETF (RIT.TO) and BMO Equal Weight Global Gold Index ETF (ZGD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIT.TO achieves a 13.24% return, which is significantly higher than ZGD.TO's -6.97% return. Over the past 10 years, RIT.TO has underperformed ZGD.TO with an annualized return of 6.83%, while ZGD.TO has yielded a comparatively higher 13.32% annualized return.

RIT.TO

• 1D: 0.11%
• 1M: 2.59%
• 6M: 7.69%
• YTD: 13.24%
• 1Y: 13.66%
• 3Y*: 9.72%
• 5Y*: 3.50%
• 10Y*: 6.83%

ZGD.TO

• 1D: -1.17%
• 1M: -12.90%
• 6M: -16.89%
• YTD: -6.97%
• 1Y: 46.00%
• 3Y*: 45.37%
• 5Y*: 26.96%
• 10Y*: 13.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RIT.TO vs. ZGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RIT.TO CI Canadian REIT ETF	13.24%	11.98%	2.51%	5.37%	-20.71%	34.40%	-6.80%	22.86%	3.94%	11.79%
ZGD.TO BMO Equal Weight Global Gold Index ETF	-6.97%	143.74%	37.44%	10.13%	-2.33%	-12.59%	26.58%	53.60%	-12.09%	-0.71%

Correlation

The correlation between RIT.TO and ZGD.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 26, 2012	0.12

Return for Risk

RIT.TO vs. ZGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RIT.TO

RIT.TO Risk / Return Rank: 43
RIT.TO Sharpe Ratio Rank: 44
RIT.TO Sortino Ratio Rank: 46
RIT.TO Omega Ratio Rank: 40
RIT.TO Calmar Ratio Rank: 45
RIT.TO Martin Ratio Rank: 42

ZGD.TO

ZGD.TO Risk / Return Rank: 31
ZGD.TO Sharpe Ratio Rank: 32
ZGD.TO Sortino Ratio Rank: 30
ZGD.TO Omega Ratio Rank: 34
ZGD.TO Calmar Ratio Rank: 33
ZGD.TO Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RIT.TO vs. ZGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Canadian REIT ETF (RIT.TO) and BMO Equal Weight Global Gold Index ETF (ZGD.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RIT.TO	ZGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.29	0.94	+0.35
Sortino ratio: Return per unit of downside risk	1.92	1.40	+0.52
Omega ratio: Gain probability vs. loss probability	1.22	1.19	+0.03
Calmar ratio: Return relative to maximum drawdown	1.90	1.38	+0.52
Martin ratio: Return relative to average drawdown	5.54	3.13	+2.41

RIT.TO vs. ZGD.TO - Sharpe Ratio Comparison

The current RIT.TO Sharpe Ratio is 1.29, which is higher than the ZGD.TO Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of RIT.TO and ZGD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RIT.TO vs. ZGD.TO - Drawdown Comparison

The maximum RIT.TO drawdown since its inception was -58.76%, roughly equal to the maximum ZGD.TO drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for RIT.TO and ZGD.TO.

Drawdown Indicators

	RIT.TO	ZGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-58.76%	-60.59%	+1.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.21%	-33.55%	+26.34%
Max Drawdown (3Y) Largest decline over 3 years	-17.16%	-33.55%	+16.39%
Max Drawdown (5Y) Largest decline over 5 years	-30.73%	-42.75%	+12.02%
Max Drawdown (10Y) Largest decline over 10 years	-40.90%	-51.83%	+10.93%
Current Drawdown Current decline from peak	-1.02%	-32.36%	+31.34%
Average Drawdown Average peak-to-trough decline	-9.87%	-28.83%	+18.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	14.75%	-12.27%

Volatility

RIT.TO vs. ZGD.TO - Volatility Comparison

The current volatility for CI Canadian REIT ETF (RIT.TO) is 3.03%, while BMO Equal Weight Global Gold Index ETF (ZGD.TO) has a volatility of 13.39%. This indicates that RIT.TO experiences smaller price fluctuations and is considered to be less risky than ZGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIT.TO	ZGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	13.39%	-10.36%
Volatility (6M) Calculated over the trailing 6-month period	8.16%	40.14%	-31.98%
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	48.96%	-38.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	37.40%	-22.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.47%	37.66%	-22.19%

RIT.TO vs. ZGD.TO - Expense Ratio Comparison

RIT.TO has a 0.87% expense ratio, which is higher than ZGD.TO's 0.60% expense ratio.

Dividends

RIT.TO vs. ZGD.TO - Dividend Comparison

RIT.TO's dividend yield for the trailing twelve months is around 4.38%, more than ZGD.TO's 0.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RIT.TO CI Canadian REIT ETF	4.38%	4.85%	5.17%	5.04%	5.08%	3.85%	4.94%	4.35%	5.12%	5.09%	5.30%	4.78%
ZGD.TO BMO Equal Weight Global Gold Index ETF	0.24%	0.22%	0.56%	0.72%	0.73%	0.36%	0.15%	1.14%	0.00%	0.00%	0.06%	0.09%

Frequently Asked Questions

Can I hold both RIT.TO and ZGD.TO in my portfolio?

RIT.TO and ZGD.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RIT.TO or ZGD.TO?

On fees, ZGD.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RIT.TO or ZGD.TO?

ZGD.TO is cheaper with a 0.60% expense ratio, compared with 0.87% for RIT.TO.

What is the main difference between RIT.TO and ZGD.TO?

RIT.TO is categorized as REIT, while ZGD.TO is Gold. They also come from different issuers: CI Investments and BMO. Their fees differ too: 0.87% for RIT.TO and 0.60% for ZGD.TO.