XGD.TO vs. CGL.TO
Compare and contrast key facts about iShares S&P/TSX Global Gold Index ETF (XGD.TO) and iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO).
XGD.TO and CGL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XGD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Gold GR CAD. It was launched on Mar 23, 2001. CGL.TO is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on May 28, 2009. Both XGD.TO and CGL.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XGD.TO or CGL.TO.
Correlation
The correlation between XGD.TO and CGL.TO is 0.75, 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.
Performance
XGD.TO vs. CGL.TO - Performance Comparison
Key characteristics
XGD.TO:
0.71
CGL.TO:
1.71
XGD.TO:
1.12
CGL.TO:
2.30
XGD.TO:
1.14
CGL.TO:
1.30
XGD.TO:
0.49
CGL.TO:
3.18
XGD.TO:
2.40
CGL.TO:
8.85
XGD.TO:
8.20%
CGL.TO:
2.93%
XGD.TO:
27.67%
CGL.TO:
15.18%
XGD.TO:
-72.55%
CGL.TO:
-45.96%
XGD.TO:
-18.01%
CGL.TO:
-6.76%
Returns By Period
In the year-to-date period, XGD.TO achieves a 21.12% return, which is significantly lower than CGL.TO's 25.06% return. Over the past 10 years, XGD.TO has outperformed CGL.TO with an annualized return of 10.22%, while CGL.TO has yielded a comparatively lower 7.11% annualized return.
XGD.TO
21.12%
-6.62%
8.00%
18.65%
7.02%
10.22%
CGL.TO
25.06%
-3.71%
11.06%
26.13%
10.49%
7.11%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XGD.TO vs. CGL.TO - Expense Ratio Comparison
XGD.TO has a 0.61% expense ratio, which is higher than CGL.TO's 0.55% expense ratio.
Risk-Adjusted Performance
XGD.TO vs. CGL.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Global Gold Index ETF (XGD.TO) 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.
Dividends
XGD.TO vs. CGL.TO - Dividend Comparison
XGD.TO's dividend yield for the trailing twelve months is around 0.93%, while CGL.TO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.93% | 1.49% | 1.80% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.09% | 0.57% | 0.68% | 1.71% |
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% |
Drawdowns
XGD.TO vs. CGL.TO - Drawdown Comparison
The maximum XGD.TO drawdown since its inception was -72.55%, which is greater than CGL.TO's maximum drawdown of -45.96%. Use the drawdown chart below to compare losses from any high point for XGD.TO and CGL.TO. For additional features, visit the drawdowns tool.
Volatility
XGD.TO vs. CGL.TO - Volatility Comparison
iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a higher volatility of 8.98% compared to iShares Gold Bullion ETF (CAD-Hedged) (CGL.TO) at 5.52%. This indicates that XGD.TO's price experiences larger fluctuations and is considered to be riskier than CGL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.