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Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Global X Gold ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
HUG.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.
Returns By Period
Global X Gold ETF (HUG.TO) has returned 7.30% so far this year and 43.53% over the past 12 months. Over the last ten years, HUG.TO has returned 11.28% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.
Global X Gold ETF
- 1D
- 3.60%
- 1M
- -11.44%
- YTD
- 7.30%
- 6M
- 18.79%
- 1Y
- 43.53%
- 3Y*
- 29.54%
- 5Y*
- 19.17%
- 10Y*
- 11.28%
Benchmark (S&P 500 Index)
- 1D
- 2.80%
- 1M
- -3.22%
- YTD
- -3.34%
- 6M
- -2.48%
- 1Y
- 12.46%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 12.91%
Monthly Returns
Based on dividend-adjusted daily data since May 24, 1979, HUG.TO's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, your investment would double in approximately 8.1 years.
Historically, 53% of months were positive and 47% were negative. The best month was Nov 2009 with a return of +12.9%, while the worst month was Jun 2013 at -11.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, HUG.TO closed higher 44% of trading days. The best single day was Mar 24, 2020 with a return of +6.5%, while the worst single day was Jan 30, 2026 at -10.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.16% | 9.00% | -11.44% | 7.30% | |||||||||
| 2025 | 6.48% | 1.38% | 9.37% | 4.78% | -0.52% | 0.20% | -0.76% | 5.17% | 10.83% | 3.27% | 6.06% | 1.07% | 57.93% |
| 2024 | -1.65% | 0.31% | 8.40% | 3.19% | 1.27% | -0.27% | 4.98% | 1.93% | 4.91% | 4.29% | -3.60% | -1.31% | 24.13% |
| 2023 | 5.84% | -5.33% | 7.66% | 0.69% | -1.25% | -3.10% | 3.14% | -1.65% | -4.06% | 7.12% | 1.57% | 1.30% | 11.48% |
| 2022 | -1.80% | 5.84% | 1.86% | -1.89% | -3.72% | -1.80% | -2.92% | -1.96% | -3.64% | -1.70% | 7.53% | 3.08% | -1.87% |
| 2021 | -2.71% | -6.62% | -0.90% | 3.30% | 7.47% | -7.39% | 3.48% | -1.45% | -3.14% | 1.52% | -0.68% | 2.74% | -5.30% |
Benchmark Metrics
Global X Gold ETF has an annualized alpha of 9.41%, beta of -0.06, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 26, 2009.
- This ETF captured 11.83% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -41.15%) — a profile typical of hedging or uncorrelated assets.
- Beta of -0.06 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 9.41%
- Beta
- -0.06
- R²
- 0.00
- Upside Capture
- 11.83%
- Downside Capture
- -41.15%
Expense Ratio
HUG.TO has an expense ratio of 0.54%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HUG.TO ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Gold ETF (HUG.TO) and compare them to a chosen benchmark (S&P 500 Index).
| HUG.TO | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 0.69 | +0.89 |
Sortino ratioReturn per unit of downside risk | 2.02 | 1.06 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.14 | +1.22 |
Martin ratioReturn relative to average drawdown | 8.51 | 4.22 | +4.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore HUG.TO risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Gold ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Gold ETF was 47.99%, occurring on Dec 17, 2015. Recovery took 2169 trading sessions.
The current Global X Gold ETF drawdown is 13.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.99% | Aug 23, 2011 | 1086 | Dec 17, 2015 | 2169 | Aug 12, 2024 | 3255 |
| -19.27% | Jan 30, 2026 | 39 | Mar 26, 2026 | — | — | — |
| -14.06% | Dec 4, 2009 | 43 | Feb 5, 2010 | 65 | May 11, 2010 | 108 |
| -10.23% | Oct 21, 2025 | 7 | Oct 29, 2025 | 38 | Dec 22, 2025 | 45 |
| -8.33% | Oct 31, 2024 | 12 | Nov 15, 2024 | 51 | Jan 30, 2025 | 63 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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