Correlation
The correlation between AMAX and XGD.TO is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
AMAX vs. XGD.TO
Compare and contrast key facts about RH Hedged Multi-Asset Income ETF (AMAX) and iShares S&P/TSX Global Gold Index ETF (XGD.TO).
AMAX and XGD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMAX is an actively managed fund by Adaptive. It was launched on Oct 2, 2009. XGD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Gold GR CAD. It was launched on Mar 23, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMAX or XGD.TO.
Performance
AMAX vs. XGD.TO - Performance Comparison
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Key characteristics
AMAX:
0.56
XGD.TO:
1.54
AMAX:
0.71
XGD.TO:
2.11
AMAX:
1.09
XGD.TO:
1.28
AMAX:
0.58
XGD.TO:
2.13
AMAX:
2.05
XGD.TO:
6.25
AMAX:
2.62%
XGD.TO:
7.91%
AMAX:
11.56%
XGD.TO:
31.21%
AMAX:
-16.26%
XGD.TO:
-72.55%
AMAX:
-1.68%
XGD.TO:
-3.85%
Returns By Period
In the year-to-date period, AMAX achieves a 3.04% return, which is significantly lower than XGD.TO's 43.17% return.
AMAX
3.04%
3.37%
1.77%
6.39%
4.53%
N/A
N/A
XGD.TO
43.17%
1.51%
34.51%
47.91%
19.48%
9.37%
12.09%
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AMAX vs. XGD.TO - Expense Ratio Comparison
AMAX has a 1.29% expense ratio, which is higher than XGD.TO's 0.61% expense ratio.
Risk-Adjusted Performance
AMAX vs. XGD.TO — Risk-Adjusted Performance Rank
AMAX
XGD.TO
AMAX vs. XGD.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RH Hedged Multi-Asset Income ETF (AMAX) and iShares S&P/TSX Global Gold Index ETF (XGD.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.
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Dividends
AMAX vs. XGD.TO - Dividend Comparison
AMAX's dividend yield for the trailing twelve months is around 8.17%, more than XGD.TO's 0.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAX RH Hedged Multi-Asset Income ETF | 8.17% | 7.38% | 7.05% | 11.26% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.65% | 0.93% | 1.49% | 1.80% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.09% | 0.57% | 0.68% |
Drawdowns
AMAX vs. XGD.TO - Drawdown Comparison
The maximum AMAX drawdown since its inception was -16.26%, smaller than the maximum XGD.TO drawdown of -72.55%. Use the drawdown chart below to compare losses from any high point for AMAX and XGD.TO.
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Volatility
AMAX vs. XGD.TO - Volatility Comparison
The current volatility for RH Hedged Multi-Asset Income ETF (AMAX) is 2.53%, while iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a volatility of 12.30%. This indicates that AMAX experiences smaller price fluctuations and is considered to be less risky than XGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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