VALT-U.TO vs. CEQP.TO

Last updated Jul 1, 2026

VALT-U.TO (CI Gold Bullion ETF (US$ Series)) and CEQP.TO (CI Equity+ Asset Allocation ETF) are both exchange-traded funds - VALT-U.TO is a Gold fund actively managed by CI, while CEQP.TO is a Diversified Portfolio fund actively managed by CI. Both are actively managed. At a 0.12 correlation, their price movements are largely independent.

Performance

VALT-U.TO vs. CEQP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CI Gold Bullion ETF (US$ Series) (VALT-U.TO) and CI Equity+ Asset Allocation ETF (CEQP.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VALT-U.TO is traded in USD, while CEQP.TO is traded in CAD. To make them comparable, the CEQP.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

VALT-U.TO

• 1D: 0.73%
• 1M: -11.06%
• YTD: -6.39%
• 6M: -7.30%
• 1Y: 22.84%
• 3Y*: 28.29%
• 5Y*: 17.66%
• 10Y*: —

CEQP.TO

• 1D: 0.38%
• 1M: -2.51%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VALT-U.TO vs. CEQP.TO - Yearly Performance Comparison

	2026 (YTD)
VALT-U.TO CI Gold Bullion ETF (US$ Series)	-21.84%
CEQP.TO CI Equity+ Asset Allocation ETF	2.01%

Correlation

The correlation between VALT-U.TO and CEQP.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 28, 2026	0.12

Return for Risk

VALT-U.TO vs. CEQP.TO — Risk / Return Rank

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

VALT-U.TO

VALT-U.TO Risk / Return Rank: 21
VALT-U.TO Sharpe Ratio Rank: 19
VALT-U.TO Sortino Ratio Rank: 21
VALT-U.TO Omega Ratio Rank: 31
VALT-U.TO Calmar Ratio Rank: 17
VALT-U.TO Martin Ratio Rank: 17

CEQP.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VALT-U.TO vs. CEQP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Gold Bullion ETF (US$ Series) (VALT-U.TO) and CI Equity+ Asset Allocation ETF (CEQP.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.

	VALT-U.TO	CEQP.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.56	—	—
Sortino ratio: Return per unit of downside risk	1.05	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	0.60	—	—
Martin ratio: Return relative to average drawdown	1.61	—	—

Drawdowns

VALT-U.TO vs. CEQP.TO - Drawdown Comparison

The maximum VALT-U.TO drawdown since its inception was -38.65%, which is greater than CEQP.TO's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for VALT-U.TO and CEQP.TO.

Drawdown Indicators

	VALT-U.TO	CEQP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.65%	-9.20%	-29.45%
Max Drawdown (1Y) Largest decline over 1 year	-38.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-38.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.65%	—	—
Current Drawdown Current decline from peak	-37.72%	-3.08%	-34.64%
Average Drawdown Average peak-to-trough decline	-6.11%	-2.26%	-3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.30%	—	—

Volatility

Volatility by Period

	VALT-U.TO	CEQP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.49%	18.37%	+23.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.08%	18.37%	+4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.39%	18.37%	+4.02%

Dividends

VALT-U.TO vs. CEQP.TO - Dividend Comparison

VALT-U.TO has not paid dividends to shareholders, while CEQP.TO's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM
CEQP.TO CI Equity+ Asset Allocation ETF	0.09%
VALT-U.TO CI Gold Bullion ETF (US$ Series)	0.00%

Frequently Asked Questions

Can I hold both VALT-U.TO and CEQP.TO in my portfolio?

VALT-U.TO and CEQP.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between VALT-U.TO and CEQP.TO?

VALT-U.TO is categorized as Gold, while CEQP.TO is Diversified Portfolio.