PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SVR.TO vs. CGXF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SVR.TO vs. CGXF.TO

Last updated Jun 4, 2026

SVR.TO (iShares Silver Bullion ETF) and CGXF.TO (CI Gold+ Giants Covered Call ETF Common) are both exchange-traded funds - SVR.TO is a Silver fund tracking the LBMA Silver Price, while CGXF.TO is a Gold fund actively managed by CI. SVR.TO is passively managed, while CGXF.TO is actively managed. Over the past 10 years, SVR.TO returned 13.89%/yr vs 10.53%/yr for CGXF.TO. A 0.55 correlation means they provide meaningful diversification when combined. SVR.TO charges 0.66%/yr vs 1.08%/yr for CGXF.TO.

Performance

SVR.TO vs. CGXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Silver Bullion ETF (SVR.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SVR.TO achieves a 1.77% return, which is significantly higher than CGXF.TO's -2.14% return. Over the past 10 years, SVR.TO has outperformed CGXF.TO with an annualized return of 13.89%, while CGXF.TO has yielded a comparatively lower 10.53% annualized return.

SVR.TO

1D
-2.67%
1M
0.39%
YTD
1.77%
6M
23.49%
1Y
103.85%
3Y*
42.79%
5Y*
19.02%
10Y*
13.89%

CGXF.TO

1D
-2.68%
1M
1.53%
YTD
-2.14%
6M
2.55%
1Y
44.73%
3Y*
30.89%
5Y*
17.02%
10Y*
10.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SVR.TO vs. CGXF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SVR.TO
iShares Silver Bullion ETF		1.77%140.56%18.71%-0.94%0.09%-13.03%42.96%12.77%-9.50%4.40%
CGXF.TO
CI Gold+ Giants Covered Call ETF Common		-2.14%114.19%11.88%1.43%1.89%-6.21%15.23%20.53%-18.76%5.51%

Correlation

The correlation between SVR.TO and CGXF.TO is 0.72, 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

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Jun 6, 2011

0.55

The correlation between SVR.TO and CGXF.TO shifts across timeframes, from 0.55 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Silver Bullion ETF

CI Gold+ Giants Covered Call ETF Common

Often compared with SVR.TO:
SVR.TO vs. SLVSVR.TO vs. PSLV.TOSVR.TO vs. PSLVSVR.TO vs. SBT.TOSVR.TO vs. SVR-C.TOSVR.TO vs. CGL.TOSVR.TO vs. MNS.TO
Often compared with CGXF.TO:
CGXF.TO vs. CCOM.TOCGXF.TO vs. CGL.TOCGXF.TO vs. AGCC.TOCGXF.TO vs. VXM-B.TOCGXF.TO vs. HGGG.TOCGXF.TO vs. CGL-C.TOCGXF.TO vs. CMNY.TO

Return for Risk

SVR.TO vs. CGXF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SVR.TO
SVR.TO Risk / Return Rank: 4545
Overall Rank
SVR.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SVR.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
SVR.TO Omega Ratio Rank: 5454
Omega Ratio Rank
SVR.TO Calmar Ratio Rank: 4949
Calmar Ratio Rank
SVR.TO Martin Ratio Rank: 3434
Martin Ratio Rank
CGXF.TO
CGXF.TO Risk / Return Rank: 3131
Overall Rank
CGXF.TO Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
CGXF.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
CGXF.TO Omega Ratio Rank: 3333
Omega Ratio Rank
CGXF.TO Calmar Ratio Rank: 3333
Calmar Ratio Rank
CGXF.TO Martin Ratio Rank: 2929
Martin Ratio Rank
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.

SVR.TO vs. CGXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (SVR.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.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.

SVR.TOCGXF.TODifference
Sharpe ratioReturn per unit of total volatility
1.81
1.13

+0.68

Sortino ratioReturn per unit of downside risk
2.04
1.57

+0.47

Omega ratioGain probability vs. loss probability

1.34

1.22

+0.12

Calmar ratioReturn relative to maximum drawdown

2.45

1.64

+0.81

Martin ratioReturn relative to average drawdown

5.25

4.17

+1.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVR.TO vs. CGXF.TO - Sharpe Ratio Comparison

The current SVR.TO Sharpe Ratio is 1.81, which is higher than the CGXF.TO Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of SVR.TO and CGXF.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.

Loading charts...

Sharpe Ratios by Period

SVR.TOCGXF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.81

1.13

+0.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.56

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

0.35

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.05

+0.22

Drawdowns

SVR.TO vs. CGXF.TO - Drawdown Comparison

The maximum SVR.TO drawdown since its inception was -77.85%, smaller than the maximum CGXF.TO drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for SVR.TO and CGXF.TO.

Loading charts...

Drawdown Indicators

SVR.TOCGXF.TODifference

Max Drawdown

Largest peak-to-trough decline

-77.85%

-88.66%

+10.81%

Max Drawdown (1Y)

Largest decline over 1 year

-42.63%

-27.39%

-15.24%

Max Drawdown (3Y)

Largest decline over 3 years

-42.63%

-27.39%

-15.24%

Max Drawdown (5Y)

Largest decline over 5 years

-42.63%

-37.19%

-5.44%

Max Drawdown (10Y)

Largest decline over 10 years

-45.52%

-39.68%

-5.84%

Current Drawdown

Current decline from peak

-37.64%

-24.36%

-13.28%

Average Drawdown

Average peak-to-trough decline

-50.35%

-30.71%

-19.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.85%

10.76%

+9.09%

Volatility

SVR.TO vs. CGXF.TO - Volatility Comparison

iShares Silver Bullion ETF (SVR.TO) has a higher volatility of 16.51% compared to CI Gold+ Giants Covered Call ETF Common (CGXF.TO) at 14.76%. This indicates that SVR.TO's price experiences larger fluctuations and is considered to be riskier than CGXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SVR.TOCGXF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.51%

14.76%

+1.75%

Volatility (6M)

Calculated over the trailing 6-month period

56.28%

32.10%

+24.18%

Volatility (1Y)

Calculated over the trailing 1-year period

57.68%

39.82%

+17.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.45%

30.85%

+5.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.51%

30.30%

+2.21%

SVR.TO vs. CGXF.TO - Expense Ratio Comparison

SVR.TO has a 0.66% expense ratio, which is lower than CGXF.TO's 1.08% expense ratio.

Dividends

SVR.TO vs. CGXF.TO - Dividend Comparison

SVR.TO has not paid dividends to shareholders, while CGXF.TO's dividend yield for the trailing twelve months is around 12.61%.

PositionTTM20252024202320222021202020192018201720162015
CGXF.TO
CI Gold+ Giants Covered Call ETF Common		12.61%7.43%8.09%8.92%8.54%8.59%11.01%6.69%7.97%6.99%10.68%11.75%
SVR.TO
iShares Silver Bullion ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SVR.TO and CGXF.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SVR.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SVR.TO is cheaper with a 0.66% expense ratio, compared with 1.08% for CGXF.TO.

SVR.TO is categorized as Silver, while CGXF.TO is Gold. They also come from different issuers: iShares and CI. Their fees differ too: 0.66% for SVR.TO and 1.08% for CGXF.TO.

Portfolio Optimizer

Find the right allocation for SVR.TO and CGXF.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer