VALT.TO vs. HUG.TO

Last updated Apr 1, 2026

Compare and contrast key facts about CI Gold Bullion Fund (VALT.TO) and Global X Gold ETF (HUG.TO).

VALT.TO and HUG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HUG.TO is a passively managed fund by Global X that tracks the performance of the Solactive Gold Front Month MD Rolling Futures Index ER. It was launched on Jun 24, 2009.

Performance

VALT.TO vs. HUG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Gold Bullion Fund (VALT.TO) and Global X Gold ETF (HUG.TO). The values are adjusted to include any dividend payments, if applicable.

VALT.TO vs. HUG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VALT.TO CI Gold Bullion Fund	8.41%	60.46%	25.58%	12.35%	0.92%	-3.19%
HUG.TO Global X Gold ETF	7.30%	57.93%	24.13%	11.48%	-1.87%	-3.23%

Returns By Period

In the year-to-date period, VALT.TO achieves a 8.41% return, which is significantly higher than HUG.TO's 7.30% return.

VALT.TO

• 1D: 4.34%
• 1M: -11.14%
• YTD: 8.41%
• 6M: 20.41%
• 1Y: 46.70%
• 3Y*: 31.47%
• 5Y*: 20.74%
• 10Y*: —

HUG.TO

• 1D: 3.60%
• 1M: -11.44%
• YTD: 7.30%
• 6M: 18.79%
• 1Y: 43.53%
• 3Y*: 29.54%
• 5Y*: 19.17%
• 10Y*: 11.28%

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

VALT.TO vs. HUG.TO - Expense Ratio Comparison

HUG.TO

Global X Gold ETF

Return for Risk

VALT.TO vs. HUG.TO — Risk / Return Rank

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

VALT.TO

VALT.TO Risk / Return Rank: 83
VALT.TO Sharpe Ratio Rank: 85
VALT.TO Sortino Ratio Rank: 82
VALT.TO Omega Ratio Rank: 81
VALT.TO Calmar Ratio Rank: 85
VALT.TO Martin Ratio Rank: 84

HUG.TO

HUG.TO Risk / Return Rank: 80
HUG.TO Sharpe Ratio Rank: 82
HUG.TO Sortino Ratio Rank: 79
HUG.TO Omega Ratio Rank: 78
HUG.TO Calmar Ratio Rank: 83
HUG.TO Martin Ratio Rank: 79

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.TO vs. HUG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Gold Bullion Fund (VALT.TO) and Global X Gold ETF (HUG.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.

	VALT.TO	HUG.TO	Difference
Sharpe ratio Return per unit of total volatility	1.67	1.58	+0.09
Sortino ratio Return per unit of downside risk	2.11	2.02	+0.09
Omega ratio Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio Return relative to maximum drawdown	2.51	2.36	+0.14
Martin ratio Return relative to average drawdown	9.19	8.51	+0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VALT.TO vs. HUG.TO - Sharpe Ratio Comparison

The current VALT.TO Sharpe Ratio is 1.67, which is comparable to the HUG.TO Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of VALT.TO and HUG.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VALT.TO	HUG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	1.58	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	1.07	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.46	+0.58

Correlation

The correlation between VALT.TO and HUG.TO is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VALT.TO vs. HUG.TO - Dividend Comparison

Neither VALT.TO nor HUG.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

VALT.TO vs. HUG.TO - Drawdown Comparison

The maximum VALT.TO drawdown since its inception was -20.96%, smaller than the maximum HUG.TO drawdown of -47.99%. Use the drawdown chart below to compare losses from any high point for VALT.TO and HUG.TO.

Drawdown Indicators

	VALT.TO	HUG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.96%	-47.99%	+27.03%
Max Drawdown (1Y) Largest decline over 1 year	-19.47%	-19.27%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-20.96%	-22.06%	+1.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.66%	—
Current Drawdown Current decline from peak	-13.51%	-13.85%	+0.34%
Average Drawdown Average peak-to-trough decline	-5.49%	-23.04%	+17.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.31%	5.35%	-0.04%

Volatility

VALT.TO vs. HUG.TO - Volatility Comparison

CI Gold Bullion Fund (VALT.TO) has a higher volatility of 11.12% compared to Global X Gold ETF (HUG.TO) at 10.58%. This indicates that VALT.TO's price experiences larger fluctuations and is considered to be riskier than HUG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VALT.TO	HUG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.12%	10.58%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	24.22%	24.01%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	28.08%	27.70%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	17.97%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	16.38%	+1.39%