STIP vs. CGL.TO
STIP (iShares 0-5 Year TIPS Bond ETF) and CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) are both exchange-traded funds - STIP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while CGL.TO is a Gold fund tracking the Gold Bullion. Both are passively managed. Over the past 10 years, STIP returned 3.14%/yr vs 10.05%/yr for CGL.TO. At a 0.33 correlation, their price movements are largely independent. STIP charges 0.06%/yr vs 0.55%/yr for CGL.TO.
Performance
STIP vs. CGL.TO - Performance Comparison
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Different Trading Currencies
STIP is traded in USD, while CGL.TO is traded in CAD. To make them comparable, the CGL.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, STIP achieves a 1.87% return, which is significantly higher than CGL.TO's -5.12% return. Over the past 10 years, STIP has underperformed CGL.TO with an annualized return of 3.14%, while CGL.TO has yielded a comparatively higher 10.05% annualized return.
STIP
- 1D
- -0.02%
- 1M
- -0.09%
- YTD
- 1.87%
- 6M
- 1.97%
- 1Y
- 4.54%
- 3Y*
- 5.26%
- 5Y*
- 3.38%
- 10Y*
- 3.14%
CGL.TO
- 1D
- 0.07%
- 1M
- -11.35%
- YTD
- -5.12%
- 6M
- -4.61%
- 1Y
- 16.70%
- 3Y*
- 25.29%
- 5Y*
- 12.44%
- 10Y*
- 10.05%
STIP vs. CGL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 1.87% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | -5.12% | 67.73% | 15.88% | 13.97% | -6.96% | -4.54% | 26.41% | 21.59% | -10.70% | 19.79% |
Correlation
The correlation between STIP and CGL.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2010 | 0.33 |
The correlation between STIP and CGL.TO shifts across timeframes, from 0.18 (1 year) to 0.36 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
STIP vs. CGL.TO — Risk / Return Rank
STIP
CGL.TO
STIP vs. CGL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) and iShares Gold Bullion ETF (CAD-Hedged) (CGL.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.
| STIP | CGL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +4.45 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.14 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 6.63 | 0.70 | +5.93 |
| Martin ratioReturn relative to average drawdown | 25.91 | 2.00 | +23.90 |
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Drawdowns
STIP vs. CGL.TO - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum CGL.TO drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for STIP and CGL.TO.
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Drawdown Indicators
| STIP | CGL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -62.05% | +56.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -27.17% | +26.48% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -27.17% | +26.22% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -27.17% | +21.67% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | -27.17% | +21.67% |
Current DrawdownCurrent decline from peak | -0.20% | -24.91% | +24.71% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -32.74% | +31.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 9.43% | -9.25% |
Volatility
STIP vs. CGL.TO - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.41%, while iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a volatility of 7.69%. This indicates that STIP experiences smaller price fluctuations and is considered to be less risky than CGL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STIP | CGL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 7.69% | -7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 24.50% | -23.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 28.25% | -26.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 19.70% | -16.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 17.92% | -15.47% |
STIP vs. CGL.TO - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than CGL.TO's 0.55% expense ratio.
Dividends
STIP vs. CGL.TO - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.31%, while CGL.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.31% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
Frequently Asked Questions
STIP and CGL.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, STIP is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
STIP is cheaper with a 0.06% expense ratio, compared with 0.55% for CGL.TO.
STIP is categorized as Inflation-Protected Bonds, while CGL.TO is Gold. STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while CGL.TO tracks Gold Bullion. Their fees differ too: 0.06% for STIP and 0.55% for CGL.TO.
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