GLDX.TO vs. RGPM.NEO
GLDX.TO (Global X Gold Producers Index ETF) and RGPM.NEO (RBC Global Precious Metals Fund) are both exchange-traded funds - GLDX.TO is a Gold fund tracking the Mirae Asset North American Listed Gold Producers Index, while RGPM.NEO is a Precious Metals fund actively managed by RBC Global Asset Management.. GLDX.TO is passively managed, while RGPM.NEO is actively managed. Over the past year, GLDX.TO returned 58.70% vs 49.10% for RGPM.NEO. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
GLDX.TO vs. RGPM.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, GLDX.TO achieves a -7.62% return, which is significantly lower than RGPM.NEO's -5.87% return.
GLDX.TO
- 1D
- -3.64%
- 1M
- -6.73%
- YTD
- -7.62%
- 6M
- -12.30%
- 1Y
- 58.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RGPM.NEO
- 1D
- -3.98%
- 1M
- -6.76%
- YTD
- -5.87%
- 6M
- -9.09%
- 1Y
- 49.10%
- 3Y*
- 44.35%
- 5Y*
- —
- 10Y*
- —
GLDX.TO vs. RGPM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | -7.62% | 178.05% | -10.27% |
RGPM.NEO RBC Global Precious Metals Fund | -5.87% | 143.89% | -9.19% |
Correlation
The correlation between GLDX.TO and RGPM.NEO is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.85 |
The correlation between GLDX.TO and RGPM.NEO has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
GLDX.TO vs. RGPM.NEO — Risk / Return Rank
GLDX.TO
RGPM.NEO
GLDX.TO vs. RGPM.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Producers Index ETF (GLDX.TO) and RBC Global Precious Metals Fund (RGPM.NEO). 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.
| GLDX.TO | RGPM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.47 | +0.20 |
| Martin ratioReturn relative to average drawdown | 4.38 | 3.94 | +0.44 |
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Drawdowns
GLDX.TO vs. RGPM.NEO - Drawdown Comparison
The maximum GLDX.TO drawdown since its inception was -35.22%, roughly equal to the maximum RGPM.NEO drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for GLDX.TO and RGPM.NEO.
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Drawdown Indicators
| GLDX.TO | RGPM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.22% | -33.65% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -35.22% | -33.65% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.65% | — |
Current DrawdownCurrent decline from peak | -30.84% | -29.27% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -8.70% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.47% | 12.55% | +0.92% |
Volatility
GLDX.TO vs. RGPM.NEO - Volatility Comparison
Global X Gold Producers Index ETF (GLDX.TO) and RBC Global Precious Metals Fund (RGPM.NEO) have volatilities of 16.57% and 17.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDX.TO | RGPM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.57% | 17.13% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 38.70% | 38.51% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.28% | 45.73% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.49% | 33.65% | +10.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.49% | 33.65% | +10.84% |
Dividends
GLDX.TO vs. RGPM.NEO - Dividend Comparison
GLDX.TO's dividend yield for the trailing twelve months is around 1.05%, while RGPM.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | 1.05% | 0.97% | 0.08% |
RGPM.NEO RBC Global Precious Metals Fund | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, GLDX.TO and RGPM.NEO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GLDX.TO is categorized as Gold, while RGPM.NEO is Precious Metals. They also come from different issuers: Global X and RBC Global Asset Management..
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