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BMO Equal Weight Global Gold Index ETF (ZGD.TO) Sharpe Ratio: 1.07

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

BMO Equal Weight Global Gold Index ETF seeks to replicate the performance of the Solactive Equal Weight Global Gold Index by investing in global gold industry securities with equal weighting and meeting minimum market capitalization and liquidity criteria.

ZGD.TO's Sharpe Ratio of 1.07 indicates that for each unit of volatility, it generates 1.07 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.

ZGD.TO Sharpe Ratio Rank

ZGD.TO Sharpe Ratio Rank: 30.831
Below Average

ZGD.TO ranks above 30.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. 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

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

ZGD.TO Sharpe Ratio Market Positioning

The chart shows ZGD.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%): 0.84 or lower
  • Yellow zone (middle 50%): 0.84 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 7.00+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares BMO Equal Weight Global Gold Index ETF's Sharpe Ratio with other ETFs in the Gold, Equal Weight, Precious Metals category across multiple time periods, showing how ZGD.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
BNKL.TOGlobal X Enhanced Equal Weight Banks Index ETF6.35
ZEB.TOBMO Equal Weight Banks Index ETF5.77
HBNK.TOGlobal X Equal Weight Banks Index ETF5.75
HEWB.TOGlobal X Equal Weight Canadian Banks Index Corporate Class ETF5.68
CEW.TOiShares Equal Weight Banc & Lifeco ETF4.85
UTIL.TOGlobal X Equal Weight Canadian Utilities Index ETF3.14
PPLN.TOGlobal X Equal Weight Canadian Pipelines Index ETF2.93
ZUT.TOBMO Equal Weight Utilities Index ETF2.67
NRGY.TOGlobal X Equal Weight Canadian Oil & Gas Index ETF2.60
ZIN.TOBMO Equal Weight Industrials Index ETF2.47
ZGD.TOBMO Equal Weight Global Gold Index ETF1.07

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ZGD.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 ZGD.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does ZGD.TO fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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