VTV vs. CGL.TO
VTV (Vanguard Value ETF) and CGL.TO (iShares Gold Bullion ETF (CAD-Hedged)) are both exchange-traded funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while CGL.TO is a Gold fund tracking the Gold Bullion. Both are passively managed. Over the past 10 years, VTV returned 12.78%/yr vs 10.05%/yr for CGL.TO. At a 0.03 correlation, their price movements are largely independent. VTV charges 0.04%/yr vs 0.55%/yr for CGL.TO.
Performance
VTV vs. CGL.TO - Performance Comparison
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Different Trading Currencies
VTV is traded in USD, while CGL.TO is traded in CAD. To make them comparable, the CGL.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VTV achieves a 14.29% return, which is significantly higher than CGL.TO's -5.12% return. Over the past 10 years, VTV has outperformed CGL.TO with an annualized return of 12.78%, while CGL.TO has yielded a comparatively lower 10.05% annualized return.
VTV
- 1D
- 0.93%
- 1M
- 3.87%
- YTD
- 14.29%
- 6M
- 13.99%
- 1Y
- 27.90%
- 3Y*
- 18.16%
- 5Y*
- 11.76%
- 10Y*
- 12.78%
CGL.TO
- 1D
- 0.07%
- 1M
- -11.35%
- YTD
- -5.12%
- 6M
- -4.61%
- 1Y
- 16.70%
- 3Y*
- 25.29%
- 5Y*
- 12.44%
- 10Y*
- 10.05%
VTV vs. CGL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 14.29% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | -5.12% | 67.73% | 15.88% | 13.97% | -6.96% | -4.54% | 26.41% | 21.59% | -10.70% | 19.79% |
Correlation
The correlation between VTV and CGL.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2010 | 0.03 |
The correlation between VTV and CGL.TO shifts across timeframes, from 0.03 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VTV vs. CGL.TO — Risk / Return Rank
VTV
CGL.TO
VTV vs. CGL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and iShares Gold Bullion ETF (CAD-Hedged) (CGL.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.
| VTV | CGL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.14 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 0.70 | +3.56 |
| Martin ratioReturn relative to average drawdown | 16.04 | 2.00 | +14.03 |
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Drawdowns
VTV vs. CGL.TO - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, roughly equal to the maximum CGL.TO drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for VTV and CGL.TO.
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Drawdown Indicators
| VTV | CGL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -62.05% | +2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -27.17% | +20.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -27.17% | +12.65% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -27.17% | +10.13% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -27.17% | -9.61% |
Current DrawdownCurrent decline from peak | 0.00% | -24.91% | +24.91% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -32.74% | +24.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 9.43% | -7.75% |
Volatility
VTV vs. CGL.TO - Volatility Comparison
The current volatility for Vanguard Value ETF (VTV) is 3.34%, while iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) has a volatility of 7.69%. This indicates that VTV experiences smaller price fluctuations and is considered to be less risky than CGL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTV | CGL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 7.69% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 24.50% | -16.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.38% | 28.25% | -17.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 19.70% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.68% | 17.92% | -1.24% |
VTV vs. CGL.TO - Expense Ratio Comparison
VTV has a 0.04% expense ratio, which is lower than CGL.TO's 0.55% expense ratio.
Dividends
VTV vs. CGL.TO - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 1.83%, while CGL.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTV Vanguard Value ETF | 1.83% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
VTV and CGL.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTV is cheaper with a 0.04% expense ratio, compared with 0.55% for CGL.TO.
VTV is categorized as Large Cap Value Equities, while CGL.TO is Gold. VTV tracks CRSP US Large Cap Value Index, while CGL.TO tracks Gold Bullion. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.04% for VTV and 0.55% for CGL.TO.
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