STRF vs. CGL.TO
STRF (Strategy 10.00% Series A Perpetual Strife Preferred Stock) is a stock, while CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) is Gold fund tracking the Gold Bullion. Over the past year, STRF returned -2.01% vs 19.72% for CGL.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
STRF vs. CGL.TO - Performance Comparison
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Different Trading Currencies
STRF 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, STRF achieves a -4.08% return, which is significantly lower than CGL.TO's -2.66% return.
STRF
- 1D
- -0.76%
- 1M
- -5.64%
- YTD
- -4.08%
- 6M
- -8.94%
- 1Y
- -2.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGL.TO
- 1D
- 2.58%
- 1M
- -6.89%
- YTD
- -2.66%
- 6M
- -2.00%
- 1Y
- 19.72%
- 3Y*
- 25.56%
- 5Y*
- 13.81%
- 10Y*
- 10.32%
STRF vs. CGL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | -4.08% | 14.48% |
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | -2.66% | 45.95% |
Correlation
The correlation between STRF and CGL.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | 0.10 |
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Return for Risk
STRF vs. CGL.TO — Risk / Return Rank
STRF
CGL.TO
STRF vs. CGL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) 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.
| STRF | CGL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.15 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.73 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.15 | 2.09 | -2.23 |
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Drawdowns
STRF vs. CGL.TO - Drawdown Comparison
The maximum STRF drawdown since its inception was -24.01%, smaller than the maximum CGL.TO drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for STRF and CGL.TO.
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Drawdown Indicators
| STRF | CGL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.01% | -62.05% | +38.04% |
Max Drawdown (1Y)Largest decline over 1 year | -24.01% | -27.17% | +3.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.17% | — |
Current DrawdownCurrent decline from peak | -19.81% | -22.97% | +3.16% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -32.74% | +21.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.62% | 9.54% | +4.08% |
Volatility
STRF vs. CGL.TO - Volatility Comparison
The current volatility for Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) is 5.16%, while iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a volatility of 8.31%. This indicates that STRF 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
| STRF | CGL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 8.31% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 24.57% | -10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.46% | 28.33% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.44% | 19.73% | +4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.44% | 17.94% | +6.50% |
Dividends
STRF vs. CGL.TO - Dividend Comparison
STRF's dividend yield for the trailing twelve months is around 7.93%, while CGL.TO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 0.00% | 0.00% |
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | 7.93% | 7.56% |
Frequently Asked Questions
STRF and CGL.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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