PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XGD.TO vs. VALT-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XGD.TO vs. VALT-U.TO

Last updated Jul 16, 2026
Documentation

XGD.TO (iShares S&P/TSX Global Gold Index ETF) and VALT-U.TO (CI Gold Bullion ETF (US$ Series)) are both Gold funds. XGD.TO is passively managed, while VALT-U.TO is actively managed. Over the past 5 years, XGD.TO returned 21.15%/yr vs 20.48%/yr for VALT-U.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

XGD.TO vs. VALT-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Global Gold Index ETF (XGD.TO) and CI Gold Bullion ETF (US$ Series) (VALT-U.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XGD.TO achieves a -9.55% return, which is significantly lower than VALT-U.TO's -2.68% return.

XGD.TO

1D
-0.84%
1M
-13.12%
6M
-21.28%
YTD
-9.55%
1Y
49.08%
3Y*
37.40%
5Y*
21.15%
10Y*
11.62%

VALT-U.TO

1D
1.69%
1M
-5.37%
6M
-10.32%
YTD
-2.68%
1Y
26.04%
3Y*
30.79%
5Y*
20.48%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
XGD.TO
iShares S&P/TSX Global Gold Index ETF		-9.55%144.45%19.63%3.91%-3.13%-5.61%
VALT-U.TO
CI Gold Bullion ETF (US$ Series)		-2.68%57.87%36.96%10.73%5.35%-0.94%

Correlation

The correlation between XGD.TO and VALT-U.TO is 0.72, 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

0.72

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

0.53

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

0.44

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

0.42

Over the past year, XGD.TO and VALT-U.TO have become more correlated (0.72) than their long-term average of 0.42, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Global Gold Index ETF

CI Gold Bullion ETF (US$ Series)

Often compared with XGD.TO:
XGD.TO vs. CGL.TOXGD.TO vs. GLDXGD.TO vs. ZGD.TOXGD.TO vs. MNT.TOXGD.TO vs. ZGLD.TOXGD.TO vs. BRK-BXGD.TO vs. ZGLD.SW
Often compared with VALT-U.TO:
VALT-U.TO vs. CGL.TOVALT-U.TO vs. ZGD.TOVALT-U.TO vs. ZGLH.TOVALT-U.TO vs. CGL-C.TOVALT-U.TO vs. KILO-B.TOVALT-U.TO vs. KILO.TOVALT-U.TO vs. ZGLD.TO

Return for Risk

XGD.TO vs. VALT-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XGD.TO
XGD.TO Risk / Return Rank: 3535
Overall Rank
XGD.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
XGD.TO Sortino Ratio Rank: 3434
Sortino Ratio Rank
XGD.TO Omega Ratio Rank: 3838
Omega Ratio Rank
XGD.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
XGD.TO Martin Ratio Rank: 2929
Martin Ratio Rank
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: 3030
Omega Ratio Rank
VALT-U.TO Calmar Ratio Rank: 1717
Calmar Ratio Rank
VALT-U.TO Martin Ratio Rank: 1717
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.

XGD.TO vs. VALT-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Global Gold Index ETF (XGD.TO) and CI Gold Bullion ETF (US$ Series) (VALT-U.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.

XGD.TOVALT-U.TODifference
Sharpe ratioReturn per unit of total volatility
1.09
0.63

+0.46

Sortino ratioReturn per unit of downside risk
1.53
1.13

+0.40

Omega ratioGain probability vs. loss probability

1.21

1.20

+0.01

Calmar ratioReturn relative to maximum drawdown

1.49

0.72

+0.77

Martin ratioReturn relative to average drawdown

3.37

1.69

+1.67

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

The current XGD.TO Sharpe Ratio is 1.09, which is higher than the VALT-U.TO Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of XGD.TO and VALT-U.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.

Loading charts...

Drawdowns

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

The maximum XGD.TO drawdown since its inception was -72.56%, which is greater than VALT-U.TO's maximum drawdown of -36.22%. Use the drawdown chart below to compare losses from any high point for XGD.TO and VALT-U.TO.

Loading charts...

Drawdown Indicators

XGD.TOVALT-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-72.56%

-36.22%

-36.34%

Max Drawdown (1Y)

Largest decline over 1 year

-33.06%

-36.22%

+3.16%

Max Drawdown (3Y)

Largest decline over 3 years

-33.06%

-36.22%

+3.16%

Max Drawdown (5Y)

Largest decline over 5 years

-40.82%

-36.22%

-4.60%

Max Drawdown (10Y)

Largest decline over 10 years

-46.96%

—

—

Current Drawdown

Current decline from peak

-33.04%

-35.13%

+2.09%

Average Drawdown

Average peak-to-trough decline

-32.00%

-5.79%

-26.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.62%

15.28%

-0.66%

Volatility

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

iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a higher volatility of 10.81% compared to CI Gold Bullion ETF (US$ Series) (VALT-U.TO) at 7.03%. This indicates that XGD.TO's price experiences larger fluctuations and is considered to be riskier than VALT-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XGD.TOVALT-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.81%

7.03%

+3.78%

Volatility (6M)

Calculated over the trailing 6-month period

36.91%

38.73%

-1.82%

Volatility (1Y)

Calculated over the trailing 1-year period

45.37%

41.29%

+4.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.30%

23.09%

+10.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.54%

22.46%

+11.08%

Dividends

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

XGD.TO's dividend yield for the trailing twelve months is around 0.91%, while VALT-U.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%0.00%
XGD.TO
iShares S&P/TSX Global Gold Index ETF		0.91%0.62%0.93%1.49%1.77%1.38%0.35%0.54%0.25%0.14%0.10%0.57%

Frequently Asked Questions

XGD.TO and VALT-U.TO have a correlation of 0.72, 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: iShares and CI.

Portfolio Optimizer

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

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer