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Global X Gold ETF (HUG.TO) Sharpe Ratio: 0.64

ETF · Currency in CAD · Last updated Jun 24, 2026

HUG seeks to achieve investment results that correspond to the performance of the Solactive Gold Front Month MD Rolling Futures Index ER, with any U.S. dollar gains or losses hedged back to the Canadian dollar.

HUG.TO's Sharpe Ratio of 0.64 indicates that for each unit of volatility, it generates 0.64 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HUG.TO Sharpe Ratio Rank

HUG.TO Sharpe Ratio Rank: 19.820
Concerning

HUG.TO ranks above 19.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

HUG.TO Sharpe Ratio Market Positioning

The chart shows HUG.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.15
  • Green zone (top 25%): 2.15 or higher
  • Top 1%: 7.01+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Gold ETF's Sharpe Ratio with other ETFs in the Gold, Commodities, Precious Metals category across multiple time periods, showing how HUG.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CCOM.TOCI Auspice Broad Commodity Fund ETF Hedged Units1.69
HGGG.TOHarvest Global Gold Giants Index ETF1.37
SVR-C.TOiShares Silver Bullion ETF (Non-Hedged)1.29
XGD.TOiShares S&P/TSX Global Gold Index ETF1.24
GLDX.TOGlobal X Gold Producers Index ETF1.22
ZJG.TOBMO Junior Gold Index ETF1.21
MNS.TORoyal Canadian Mint - Canadian Silver Reserves1.14
SVR.TOiShares Silver Bullion ETF1.09
RGPM.NEORBC Global Precious Metals Fund1.08
ZGD.TOBMO Equal Weight Global Gold Index ETF1.07
HUG.TOGlobal X Gold ETF0.64

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HUG.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HUG.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does HUG.TO fit in your portfolio?

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