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DRD vs. XGD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRD vs. XGD.TO

Last updated Jun 10, 2026

DRD (DRDGOLD Limited) is a stock, while XGD.TO (iShares S&P/TSX Global Gold Index ETF) is Precious Metals fund tracking the S&P/TSX Global Gold Index. Over the past 10 years, DRD returned 20.74%/yr vs 13.23%/yr for XGD.TO. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

DRD vs. XGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DRDGOLD Limited (DRD) and iShares S&P/TSX Global Gold Index ETF (XGD.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

DRD is traded in USD, while XGD.TO is traded in CAD. To make them comparable, the XGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DRD achieves a -23.58% return, which is significantly lower than XGD.TO's -4.25% return. Over the past 10 years, DRD has outperformed XGD.TO with an annualized return of 20.74%, while XGD.TO has yielded a comparatively lower 13.23% annualized return.

DRD

1D
2.27%
1M
-20.60%
YTD
-23.58%
6M
-24.53%
1Y
67.15%
3Y*
29.82%
5Y*
17.87%
10Y*
20.74%

XGD.TO

1D
2.69%
1M
-16.52%
YTD
-4.25%
6M
-3.04%
1Y
55.75%
3Y*
39.72%
5Y*
17.61%
10Y*
13.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRD vs. XGD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DRD
DRDGOLD Limited		-23.58%267.16%11.55%13.26%-7.63%-23.16%141.46%153.56%-35.27%-37.77%
XGD.TO
iShares S&P/TSX Global Gold Index ETF		-4.25%156.14%10.29%6.44%-8.90%-5.76%24.05%46.20%-11.54%8.29%

Correlation

The correlation between DRD and XGD.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.81

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (10Y)
Calculated over the trailing 10-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.62

The correlation between DRD and XGD.TO shifts across timeframes, from 0.62 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.

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DRDGOLD Limited

iShares S&P/TSX Global Gold Index ETF

Often compared with DRD:
DRD vs. GOLDDRD vs. SXCDRD vs. GLDDRD vs. BRK-BDRD vs. VOODRD vs. QQQDRD vs. SPY
Often compared with XGD.TO:
XGD.TO vs. CGL.TOXGD.TO vs. GLDXGD.TO vs. ZGD.TOXGD.TO vs. MNT.TOXGD.TO vs. BRK-BXGD.TO vs. ZGLD.TOXGD.TO vs. ZGLD.SW

Return for Risk

DRD vs. XGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRD
DRD Risk / Return Rank: 7373
Overall Rank
DRD Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
DRD Sortino Ratio Rank: 7171
Sortino Ratio Rank
DRD Omega Ratio Rank: 7171
Omega Ratio Rank
DRD Calmar Ratio Rank: 7373
Calmar Ratio Rank
DRD Martin Ratio Rank: 7474
Martin Ratio Rank
XGD.TO
XGD.TO Risk / Return Rank: 4040
Overall Rank
XGD.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
XGD.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
XGD.TO Omega Ratio Rank: 4343
Omega Ratio Rank
XGD.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
XGD.TO Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRD vs. XGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DRDGOLD Limited (DRD) 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.

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.

DRDXGD.TODifference
Sharpe ratioReturn per unit of total volatility
1.16
1.26

-0.09

Sortino ratioReturn per unit of downside risk
1.69
1.67

+0.02

Omega ratioGain probability vs. loss probability

1.21

1.24

-0.03

Calmar ratioReturn relative to maximum drawdown

1.55

1.63

-0.08

Martin ratioReturn relative to average drawdown

4.06

4.60

-0.54

DRD vs. XGD.TO - Sharpe Ratio Comparison

The current DRD Sharpe Ratio is 1.16, which is comparable to the XGD.TO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of DRD and XGD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DRD vs. XGD.TO - Drawdown Comparison

The maximum DRD drawdown since its inception was -98.44%, which is greater than XGD.TO's maximum drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for DRD and XGD.TO.

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Drawdown Indicators

DRDXGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-98.44%

-80.30%

-18.14%

Max Drawdown (1Y)

Largest decline over 1 year

-43.51%

-34.40%

-9.11%

Max Drawdown (3Y)

Largest decline over 3 years

-45.13%

-34.40%

-10.73%

Max Drawdown (5Y)

Largest decline over 5 years

-57.22%

-44.90%

-12.32%

Max Drawdown (10Y)

Largest decline over 10 years

-80.31%

-47.12%

-33.19%

Current Drawdown

Current decline from peak

-48.48%

-29.21%

-19.27%

Average Drawdown

Average peak-to-trough decline

-81.86%

-40.83%

-41.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.59%

12.14%

+4.45%

Volatility

DRD vs. XGD.TO - Volatility Comparison

DRDGOLD Limited (DRD) has a higher volatility of 17.37% compared to iShares S&P/TSX Global Gold Index ETF (XGD.TO) at 16.16%. This indicates that DRD's price experiences larger fluctuations and is considered to be riskier than XGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DRDXGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.37%

16.16%

+1.21%

Volatility (6M)

Calculated over the trailing 6-month period

43.75%

36.18%

+7.57%

Volatility (1Y)

Calculated over the trailing 1-year period

58.02%

44.61%

+13.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.50%

33.65%

+17.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

58.03%

34.19%

+23.84%

Dividends

DRD vs. XGD.TO - Dividend Comparison

DRD's dividend yield for the trailing twelve months is around 2.32%, more than XGD.TO's 0.64% yield.

PositionTTM20252024202320222021202020192018201720162015
DRD
DRDGOLD Limited		2.30%1.26%2.53%5.74%5.00%6.54%4.47%2.65%2.05%1.12%6.15%3.73%
XGD.TO
iShares S&P/TSX Global Gold Index ETF		0.64%0.62%0.93%1.49%1.77%1.38%0.35%0.54%0.25%0.14%0.10%0.57%

Frequently Asked Questions

DRD and XGD.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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