VALT.TO vs. RATE.TO
VALT.TO (CI Gold Bullion Fund) and RATE.TO (Arrow EC Income Advantage Alternative Fund) are both exchange-traded funds - VALT.TO is a fund fund, while RATE.TO is a fund fund. Over the past 5 years, VALT.TO returned 17.30%/yr vs 6.03%/yr for RATE.TO. At a correlation of -0.00, they often move in opposite directions.
Performance
VALT.TO vs. RATE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VALT.TO achieves a 2.61% return, which is significantly higher than RATE.TO's 1.10% return.
VALT.TO
- 1D
- -0.91%
- 1M
- -1.77%
- YTD
- 2.61%
- 6M
- 4.70%
- 1Y
- 30.16%
- 3Y*
- 28.96%
- 5Y*
- 17.30%
- 10Y*
- —
RATE.TO
- 1D
- -0.07%
- 1M
- 0.51%
- YTD
- 1.10%
- 6M
- 1.49%
- 1Y
- 3.64%
- 3Y*
- 7.32%
- 5Y*
- 6.03%
- 10Y*
- —
VALT.TO vs. RATE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VALT.TO CI Gold Bullion Fund | 2.61% | 60.46% | 25.58% | 12.35% | 0.92% | -3.19% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 1.10% | 4.60% | 7.87% | 13.19% | 3.24% | 2.05% |
Correlation
The correlation between VALT.TO and RATE.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | -0.00 |
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Return for Risk
VALT.TO vs. RATE.TO — Risk / Return Rank
VALT.TO
RATE.TO
VALT.TO vs. RATE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Gold Bullion Fund (VALT.TO) and Arrow EC Income Advantage Alternative Fund (RATE.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 | RATE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 4.57 | -3.01 |
| Martin ratioReturn relative to average drawdown | 3.82 | 15.31 | -11.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VALT.TO | RATE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.62 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 1.50 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.84 | +0.08 |
Drawdowns
VALT.TO vs. RATE.TO - Drawdown Comparison
The maximum VALT.TO drawdown since its inception was -20.96%, which is greater than RATE.TO's maximum drawdown of -14.01%. Use the drawdown chart below to compare losses from any high point for VALT.TO and RATE.TO.
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Drawdown Indicators
| VALT.TO | RATE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -14.01% | -6.95% |
Max Drawdown (1Y)Largest decline over 1 year | -19.47% | -0.80% | -18.67% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -1.70% | -17.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -3.38% | -17.58% |
Current DrawdownCurrent decline from peak | -18.14% | -0.07% | -18.07% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -0.80% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.91% | 0.24% | +7.67% |
Volatility
VALT.TO vs. RATE.TO - Volatility Comparison
CI Gold Bullion Fund (VALT.TO) has a higher volatility of 5.90% compared to Arrow EC Income Advantage Alternative Fund (RATE.TO) at 0.74%. This indicates that VALT.TO's price experiences larger fluctuations and is considered to be riskier than RATE.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.TO | RATE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 0.74% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 23.20% | 1.85% | +21.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.84% | 2.26% | +24.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.17% | 4.03% | +14.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 5.75% | +12.16% |
Dividends
VALT.TO vs. RATE.TO - Dividend Comparison
VALT.TO has not paid dividends to shareholders, while RATE.TO's dividend yield for the trailing twelve months is around 4.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
RATE.TO Arrow EC Income Advantage Alternative Fund | 4.64% | 4.60% | 5.68% | 7.43% | 4.97% | 3.52% | 2.98% | 2.99% | 2.32% |
VALT.TO CI Gold Bullion Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VALT.TO and RATE.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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