DLR.TO vs. XAUUSD=X
DLR.TO (Global X U.S. Dollar Currency ETF) is Currency fund actively managed by Global X, while XAUUSD=X (Gold Spot Price US Dollar) is a currency. Over the past 10 years, DLR.TO returned 2.47%/yr vs 12.63%/yr for XAUUSD=X. At a correlation of -0.21, they often move in opposite directions.
Performance
DLR.TO vs. XAUUSD=X - Performance Comparison
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Different Trading Currencies
DLR.TO is traded in CAD, while XAUUSD=X is traded in USD. To make them comparable, the XAUUSD=X values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DLR.TO achieves a 4.60% return, which is significantly higher than XAUUSD=X's -4.19% return. Over the past 10 years, DLR.TO has underperformed XAUUSD=X with an annualized return of 2.47%, while XAUUSD=X has yielded a comparatively higher 12.63% annualized return.
DLR.TO
- 1D
- 0.07%
- 1M
- 1.45%
- 6M
- 3.41%
- YTD
- 4.60%
- 1Y
- 6.59%
- 3Y*
- 5.96%
- 5Y*
- 5.33%
- 10Y*
- 2.47%
XAUUSD=X
- 1D
- -2.82%
- 1M
- -3.78%
- 6M
- -11.35%
- YTD
- -4.19%
- 1Y
- 23.76%
- 3Y*
- 30.30%
- 5Y*
- 19.91%
- 10Y*
- 12.63%
DLR.TO vs. XAUUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLR.TO Global X U.S. Dollar Currency ETF | 4.60% | -1.34% | 12.85% | 1.81% | 8.33% | -0.93% | -2.21% | -3.68% | 9.77% | -6.51% |
XAUUSD=X Gold Spot Price US Dollar | -4.19% | 57.23% | 38.01% | 10.44% | 6.08% | -3.54% | 21.60% | 13.88% | 6.55% | 5.48% |
Correlation
The correlation between DLR.TO and XAUUSD=X is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2011 | -0.21 |
The correlation between DLR.TO and XAUUSD=X shifts across timeframes, from -0.33 (1 year) to -0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DLR.TO vs. XAUUSD=X — Risk / Return Rank
DLR.TO
XAUUSD=X
DLR.TO vs. XAUUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Dollar Currency ETF (DLR.TO) and Gold Spot Price US Dollar (XAUUSD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DLR.TO | XAUUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.82 | +0.86 |
| Martin ratioReturn relative to average drawdown | 4.44 | 1.90 | +2.54 |
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Drawdowns
DLR.TO vs. XAUUSD=X - Drawdown Comparison
The maximum DLR.TO drawdown since its inception was -17.60%, smaller than the maximum XAUUSD=X drawdown of -33.18%. Use the drawdown chart below to compare losses from any high point for DLR.TO and XAUUSD=X.
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Drawdown Indicators
| DLR.TO | XAUUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.60% | -33.18% | +15.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -22.99% | +19.05% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -22.99% | +17.22% |
Max Drawdown (5Y)Largest decline over 5 years | -5.77% | -22.99% | +17.22% |
Max Drawdown (10Y)Largest decline over 10 years | -17.60% | -22.99% | +5.39% |
Current DrawdownCurrent decline from peak | -0.37% | -22.99% | +22.62% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -10.62% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 11.00% | -9.51% |
Volatility
DLR.TO vs. XAUUSD=X - Volatility Comparison
The current volatility for Global X U.S. Dollar Currency ETF (DLR.TO) is 1.05%, while Gold Spot Price US Dollar (XAUUSD=X) has a volatility of 6.09%. This indicates that DLR.TO experiences smaller price fluctuations and is considered to be less risky than XAUUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLR.TO | XAUUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 6.09% | -5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 16.93% | -13.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 24.06% | -19.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 17.87% | -11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.57% | 16.47% | -9.90% |
Frequently Asked Questions
DLR.TO and XAUUSD=X have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for DLR.TO and XAUUSD=X
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