FFH.TO vs. GLDM
FFH.TO (Fairfax Financial Holdings Limited) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, FFH.TO returned 34.18%/yr vs 20.85%/yr for GLDM. At a correlation of -0.04, they often move in opposite directions.
Performance
FFH.TO vs. GLDM - Performance Comparison
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Different Trading Currencies
FFH.TO is traded in CAD, while GLDM is traded in USD. To make them comparable, the GLDM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FFH.TO achieves a -12.76% return, which is significantly lower than GLDM's -0.42% return.
FFH.TO
- 1D
- -0.71%
- 1M
- 4.27%
- YTD
- -12.76%
- 6M
- -6.84%
- 1Y
- -3.12%
- 3Y*
- 33.68%
- 5Y*
- 34.18%
- 10Y*
- 15.19%
GLDM
- 1D
- 0.29%
- 1M
- -5.72%
- YTD
- -0.42%
- 6M
- -0.69%
- 1Y
- 25.97%
- 3Y*
- 31.21%
- 5Y*
- 20.85%
- 10Y*
- —
FFH.TO vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFH.TO Fairfax Financial Holdings Limited | -12.76% | 32.23% | 66.26% | 54.96% | 31.51% | 47.26% | -27.31% | 3.64% | -18.58% |
GLDM SPDR Gold MiniShares Trust | -0.42% | 56.71% | 37.84% | 10.35% | 5.84% | -4.06% | 22.13% | 13.23% | 4.23% |
Correlation
The correlation between FFH.TO and GLDM is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | -0.04 |
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Return for Risk
FFH.TO vs. GLDM — Risk / Return Rank
FFH.TO
GLDM
FFH.TO vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairfax Financial Holdings Limited (FFH.TO) and SPDR Gold MiniShares Trust (GLDM). 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.
| FFH.TO | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.20 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 1.23 | -1.35 |
| Martin ratioReturn relative to average drawdown | -0.27 | 3.48 | -3.75 |
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Drawdowns
FFH.TO vs. GLDM - Drawdown Comparison
The maximum FFH.TO drawdown since its inception was -56.23%, which is greater than GLDM's maximum drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for FFH.TO and GLDM.
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Drawdown Indicators
| FFH.TO | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.23% | -22.76% | -33.47% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -22.09% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -22.09% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | -22.09% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -56.23% | — | — |
Current DrawdownCurrent decline from peak | -13.04% | -19.53% | +6.49% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -7.14% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 7.76% | +0.68% |
Volatility
FFH.TO vs. GLDM - Volatility Comparison
The current volatility for Fairfax Financial Holdings Limited (FFH.TO) is 5.99%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 7.83%. This indicates that FFH.TO experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFH.TO | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 7.83% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 23.84% | -6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.63% | 27.12% | -4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.99% | 19.04% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.56% | 18.11% | +7.45% |
Dividends
FFH.TO vs. GLDM - Dividend Comparison
FFH.TO's dividend yield for the trailing twelve months is around 0.92%, while GLDM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFH.TO Fairfax Financial Holdings Limited | 0.92% | 0.83% | 1.01% | 1.10% | 1.56% | 2.03% | 3.01% | 2.18% | 2.07% | 1.95% | 2.24% | 1.82% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FFH.TO and GLDM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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