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VALT-U.TO vs. HGGG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VALT-U.TO vs. HGGG.TO

Last updated Jul 1, 2026
See Documentation

VALT-U.TO (CI Gold Bullion ETF (US$ Series)) and HGGG.TO (Harvest Global Gold Giants Index ETF) are both Gold funds. VALT-U.TO is actively managed, while HGGG.TO is passively managed. Over the past 5 years, VALT-U.TO returned 17.66%/yr vs 21.19%/yr for HGGG.TO. At a 0.50 correlation, their price movements are largely independent.

Performance

VALT-U.TO vs. HGGG.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 Harvest Global Gold Giants Index ETF (HGGG.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, VALT-U.TO achieves a -6.39% return, which is significantly higher than HGGG.TO's -13.98% return.

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*
—

HGGG.TO

1D
-1.64%
1M
-15.06%
YTD
-13.98%
6M
-14.56%
1Y
58.53%
3Y*
43.71%
5Y*
21.19%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
VALT-U.TO
CI Gold Bullion ETF (US$ Series)		-6.39%65.42%26.27%13.43%-0.93%-1.30%
HGGG.TO
Harvest Global Gold Giants Index ETF		-13.98%183.54%16.20%6.71%-10.36%-12.74%

Correlation

The correlation between VALT-U.TO and HGGG.TO is 0.67, 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

0.67

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

0.54

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

0.51

Correlation (All Time)
Calculated using the full available price history since Jan 14, 2021

0.50

The correlation between VALT-U.TO and HGGG.TO shifts across timeframes, from 0.50 (all time) to 0.67 (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.

CI Gold Bullion ETF (US$ Series)

Harvest Global Gold Giants Index ETF

Often compared with HGGG.TO:
HGGG.TO vs. ZGLH.TOHGGG.TO vs. AMAX.TOHGGG.TO vs. CGXF.TOHGGG.TO vs. HGY.TOHGGG.TO vs. HUG.TOHGGG.TO vs. ZGD.TOHGGG.TO vs. ZGLD.TO

Return for Risk

VALT-U.TO vs. HGGG.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: 2121
Overall Rank
VALT-U.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
VALT-U.TO Sortino Ratio Rank: 2121
Sortino Ratio Rank
VALT-U.TO Omega Ratio Rank: 3131
Omega Ratio Rank
VALT-U.TO Calmar Ratio Rank: 1717
Calmar Ratio Rank
VALT-U.TO Martin Ratio Rank: 1717
Martin Ratio Rank
HGGG.TO
HGGG.TO Risk / Return Rank: 4141
Overall Rank
HGGG.TO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
HGGG.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
HGGG.TO Omega Ratio Rank: 4444
Omega Ratio Rank
HGGG.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
HGGG.TO Martin Ratio Rank: 3333
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.

VALT-U.TO vs. HGGG.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 Harvest Global Gold Giants Index ETF (HGGG.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.TOHGGG.TODifference
Sharpe ratioReturn per unit of total volatility
0.56
1.25

-0.69

Sortino ratioReturn per unit of downside risk
1.05
1.75

-0.70

Omega ratioGain probability vs. loss probability

1.19

1.23

-0.04

Calmar ratioReturn relative to maximum drawdown

0.60

1.56

-0.96

Martin ratioReturn relative to average drawdown

1.61

3.90

-2.29

VALT-U.TO vs. HGGG.TO - Sharpe Ratio Comparison

The current VALT-U.TO Sharpe Ratio is 0.56, which is lower than the HGGG.TO Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of VALT-U.TO and HGGG.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.

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Drawdowns

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

The maximum VALT-U.TO drawdown since its inception was -38.65%, smaller than the maximum HGGG.TO drawdown of -53.59%. Use the drawdown chart below to compare losses from any high point for VALT-U.TO and HGGG.TO.

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Drawdown Indicators

VALT-U.TOHGGG.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.65%

-53.59%

+14.94%

Max Drawdown (1Y)

Largest decline over 1 year

-38.65%

-37.63%

-1.02%

Max Drawdown (3Y)

Largest decline over 3 years

-38.65%

-37.63%

-1.02%

Max Drawdown (5Y)

Largest decline over 5 years

-38.65%

-43.82%

+5.17%

Current Drawdown

Current decline from peak

-37.72%

-35.63%

-2.09%

Average Drawdown

Average peak-to-trough decline

-6.11%

-20.33%

+14.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.30%

15.05%

-0.75%

Volatility

VALT-U.TO vs. HGGG.TO - Volatility Comparison

The current volatility for CI Gold Bullion ETF (US$ Series) (VALT-U.TO) is 8.30%, while Harvest Global Gold Giants Index ETF (HGGG.TO) has a volatility of 17.53%. This indicates that VALT-U.TO experiences smaller price fluctuations and is considered to be less risky than HGGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VALT-U.TOHGGG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.30%

17.53%

-9.23%

Volatility (6M)

Calculated over the trailing 6-month period

39.00%

38.33%

+0.67%

Volatility (1Y)

Calculated over the trailing 1-year period

41.49%

46.93%

-5.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.08%

34.99%

-11.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.39%

34.47%

-12.08%

Dividends

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

Neither VALT-U.TO nor HGGG.TO has paid dividends to shareholders.

PositionTTM2025202420232022202120202019
HGGG.TO
Harvest Global Gold Giants Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%2.65%0.54%
VALT-U.TO
CI Gold Bullion ETF (US$ Series)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VALT-U.TO and HGGG.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: CI and Harvest.

Portfolio Optimizer

Find the right allocation for VALT-U.TO and HGGG.TO

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