GLD vs. XFN.TO
GLD (SPDR Gold Shares) and XFN.TO (iShares S&P/TSX Capped Financials Index ETF) are both exchange-traded funds - GLD is a Gold fund tracking the LBMA Gold Price PM, while XFN.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD. Both are passively managed. Over the past 10 years, GLD returned 12.15%/yr vs 14.23%/yr for XFN.TO. At a 0.02 correlation, their price movements are largely independent. GLD charges 0.40%/yr vs 0.61%/yr for XFN.TO.
Performance
GLD vs. XFN.TO - Performance Comparison
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Different Trading Currencies
GLD is traded in USD, while XFN.TO is traded in CAD. To make them comparable, the XFN.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLD achieves a -2.47% return, which is significantly lower than XFN.TO's 15.63% return. Over the past 10 years, GLD has underperformed XFN.TO with an annualized return of 12.15%, while XFN.TO has yielded a comparatively higher 14.23% annualized return.
GLD
- 1D
- 0.06%
- 1M
- -9.52%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
XFN.TO
- 1D
- 0.62%
- 1M
- 5.25%
- YTD
- 15.63%
- 6M
- 17.89%
- 1Y
- 45.31%
- 3Y*
- 29.51%
- 5Y*
- 14.86%
- 10Y*
- 14.23%
GLD vs. XFN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 15.63% | 40.83% | 19.22% | 15.85% | -15.28% | 35.64% | 3.44% | 25.85% | -16.76% | 20.71% |
Correlation
The correlation between GLD and XFN.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.02 |
The correlation between GLD and XFN.TO shifts across timeframes, from -0.02 (10 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLD vs. XFN.TO — Risk / Return Rank
GLD
XFN.TO
GLD vs. XFN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and iShares S&P/TSX Capped Financials Index ETF (XFN.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.
| GLD | XFN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.61 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 5.00 | -4.03 |
| Martin ratioReturn relative to average drawdown | 2.81 | 19.84 | -17.03 |
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Drawdowns
GLD vs. XFN.TO - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum XFN.TO drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for GLD and XFN.TO.
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Drawdown Indicators
| GLD | XFN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -67.57% | +22.01% |
Max Drawdown (1Y)Largest decline over 1 year | -24.46% | -9.00% | -15.46% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -16.26% | -8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -28.13% | +3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | -45.08% | +20.62% |
Current DrawdownCurrent decline from peak | -22.05% | 0.00% | -22.05% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -11.15% | -5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 2.27% | +6.22% |
Volatility
GLD vs. XFN.TO - Volatility Comparison
SPDR Gold Shares (GLD) has a higher volatility of 7.79% compared to iShares S&P/TSX Capped Financials Index ETF (XFN.TO) at 4.02%. This indicates that GLD's price experiences larger fluctuations and is considered to be riskier than XFN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | XFN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 4.02% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 24.10% | 10.56% | +13.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.37% | 12.81% | +14.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 15.11% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 17.99% | -1.91% |
GLD vs. XFN.TO - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is lower than XFN.TO's 0.61% expense ratio.
Dividends
GLD vs. XFN.TO - Dividend Comparison
GLD has not paid dividends to shareholders, while XFN.TO's dividend yield for the trailing twelve months is around 2.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 2.07% | 2.39% | 3.16% | 3.60% | 3.48% | 2.67% | 3.35% | 3.00% | 3.43% | 2.73% | 2.83% | 3.17% |
Frequently Asked Questions
GLD and XFN.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLD is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLD is cheaper with a 0.40% expense ratio, compared with 0.61% for XFN.TO.
GLD is categorized as Gold, while XFN.TO is Financials Equities. GLD tracks LBMA Gold Price PM, while XFN.TO tracks Morningstar Gbl Fin Svc GR CAD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for GLD and 0.61% for XFN.TO.
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