BMO Equal Weight Global Gold Index ETF (ZGD.TO)

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The chart shows the growth of an initial investment of CA$10,000 in BMO Equal Weight Global Gold Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BMO Equal Weight Global Gold Index ETF (ZGD.TO) has returned 11.73% so far this year and 123.98% over the past 12 months. Looking at the last ten years, ZGD.TO has achieved an annualized return of 21.57%, outperforming the S&P 500 Index benchmark, which averaged 12.91% per year.

Based on dividend-adjusted daily data since Nov 26, 2012, ZGD.TO's average daily return is +0.07%, while the average monthly return is +1.52%. At this rate, your investment would double in approximately 3.8 years.

Historically, 53% of months were positive and 47% were negative. The best month was Apr 2020 with a return of +42.8%, while the worst month was Apr 2013 at -22.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.

On a daily basis, ZGD.TO closed higher 46% of trading days. The best single day was Mar 24, 2020 with a return of +13.7%, while the worst single day was Oct 31, 2014 at -16.0%.

BMO Equal Weight Global Gold Index ETF has an annualized alpha of 17.89%, beta of 0.05, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 27, 2012.

• This ETF captured 18.06% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -46.00%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.05 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.

ZGD.TO has an expense ratio of 0.60%, placing it in the medium range.

ZGD.TO ranks 94 for risk / return — in the top 94% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for BMO Equal Weight Global Gold Index ETF (ZGD.TO) and compare them to a chosen benchmark (S&P 500 Index).

BMO Equal Weight Global Gold Index ETF provided a 0.20% dividend yield over the last twelve months, with an annual payout of CA$0.60 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for BMO Equal Weight Global Gold Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the BMO Equal Weight Global Gold Index 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 BMO Equal Weight Global Gold Index ETF was 60.12%, occurring on Jul 23, 2015. Recovery took 1192 trading sessions.

The current BMO Equal Weight Global Gold Index ETF drawdown is 18.77%.

The chart below shows the rolling one-month volatility.