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GOAU vs. XBM.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GOAU vs. XBM.TO

Last updated Apr 2, 2026

Compare and contrast key facts about US Global GO GOLD and Precious Metal Miners ETF (GOAU) and iShares S&P/TSX Global Base Metals Index ETF (XBM.TO).

GOAU and XBM.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOAU is a passively managed fund by US Global that tracks the performance of the U.S. Global GO GOLD and Precious Metal Miners Index. It was launched on Jun 27, 2017. XBM.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Natural Resource NR CAD. It was launched on Apr 12, 2011. Both GOAU and XBM.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GOAU vs. XBM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Global GO GOLD and Precious Metal Miners ETF (GOAU) and iShares S&P/TSX Global Base Metals Index ETF (XBM.TO). The values are adjusted to include any dividend payments, if applicable.

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GOAU vs. XBM.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GOAU
US Global GO GOLD and Precious Metal Miners ETF		9.07%126.68%13.78%10.67%-11.66%-9.23%14.13%54.17%-11.88%7.92%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		12.66%57.91%-2.41%5.19%-3.25%33.01%34.17%15.42%-28.42%39.68%
Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with GOAU having a 9.07% return and XBM.TO slightly higher at 9.45%.

GOAU

1D
4.64%
1M
-17.24%
YTD
9.07%
6M
14.84%
1Y
87.28%
3Y*
39.02%
5Y*
20.93%
10Y*
—

XBM.TO

1D
0.00%
1M
-14.73%
YTD
9.45%
6M
28.67%
1Y
78.97%
3Y*
17.95%
5Y*
14.63%
10Y*
17.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

US Global GO GOLD and Precious Metal Miners ETF

iShares S&P/TSX Global Base Metals Index ETF

Often compared with GOAU:
GOAU vs. GDXGOAU vs. GLDMGOAU vs. GDGB.LGOAU vs. IAUGOAU vs. GAINGOAU vs. EUSBGOAU vs. XME
Often compared with XBM.TO:
XBM.TO vs. XMEXBM.TO vs. ZMT.TOXBM.TO vs. XEG.TOXBM.TO vs. GDXXBM.TO vs. VDEXBM.TO vs. XIC.TOXBM.TO vs. IAU

GOAU vs. XBM.TO - Expense Ratio Comparison

Both GOAU and XBM.TO have an expense ratio of 0.60%.

GOAU
US Global GO GOLD and Precious Metal Miners ETF
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF

Return for Risk

GOAU vs. XBM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GOAU
GOAU Risk / Return Rank: 8383
Overall Rank
GOAU Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
GOAU Sortino Ratio Rank: 8181
Sortino Ratio Rank
GOAU Omega Ratio Rank: 7979
Omega Ratio Rank
GOAU Calmar Ratio Rank: 8686
Calmar Ratio Rank
GOAU Martin Ratio Rank: 8181
Martin Ratio Rank
XBM.TO
XBM.TO Risk / Return Rank: 8989
Overall Rank
XBM.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
XBM.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XBM.TO Omega Ratio Rank: 8686
Omega Ratio Rank
XBM.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XBM.TO Martin Ratio Rank: 9090
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.

GOAU vs. XBM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Global GO GOLD and Precious Metal Miners ETF (GOAU) and iShares S&P/TSX Global Base Metals Index ETF (XBM.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.

GOAUXBM.TODifference

Sharpe ratio

Return per unit of total volatility

1.88

2.00

-0.12

Sortino ratio

Return per unit of downside risk

2.17

2.49

-0.32

Omega ratio

Gain probability vs. loss probability

1.32

1.35

-0.03

Calmar ratio

Return relative to maximum drawdown

2.78

3.38

-0.60

Martin ratio

Return relative to average drawdown

9.55

12.63

-3.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOAU vs. XBM.TO - Sharpe Ratio Comparison

The current GOAU Sharpe Ratio is 1.88, which is comparable to the XBM.TO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of GOAU and XBM.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GOAUXBM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

2.00

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.41

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.50

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.11

+0.40

Correlation

The correlation between GOAU and XBM.TO is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GOAU vs. XBM.TO - Dividend Comparison

GOAU's dividend yield for the trailing twelve months is around 0.86%, more than XBM.TO's 0.75% yield.

TTM20252024202320222021202020192018201720162015
GOAU
US Global GO GOLD and Precious Metal Miners ETF		0.86%0.94%2.11%0.99%1.55%1.28%0.74%0.16%0.47%0.27%0.00%0.00%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		0.75%0.86%1.25%2.09%4.83%3.01%1.81%3.71%3.43%1.63%2.42%5.70%

Drawdowns

GOAU vs. XBM.TO - Drawdown Comparison

The maximum GOAU drawdown since its inception was -55.41%, smaller than the maximum XBM.TO drawdown of -78.58%. Use the drawdown chart below to compare losses from any high point for GOAU and XBM.TO.

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Drawdown Indicators

GOAUXBM.TODifference

Max Drawdown

Largest peak-to-trough decline

-55.41%

-67.40%

+11.99%

Max Drawdown (1Y)

Largest decline over 1 year

-31.15%

-23.88%

-7.27%

Max Drawdown (5Y)

Largest decline over 5 years

-48.52%

-40.57%

-7.95%

Max Drawdown (10Y)

Largest decline over 10 years

—

-57.24%

—

Current Drawdown

Current decline from peak

-17.43%

-11.19%

-6.24%

Average Drawdown

Average peak-to-trough decline

-18.77%

-26.05%

+7.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.06%

6.53%

+2.53%

Volatility

GOAU vs. XBM.TO - Volatility Comparison

US Global GO GOLD and Precious Metal Miners ETF (GOAU) has a higher volatility of 17.04% compared to iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) at 15.22%. This indicates that GOAU's price experiences larger fluctuations and is considered to be riskier than XBM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GOAUXBM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.04%

15.22%

+1.82%

Volatility (6M)

Calculated over the trailing 6-month period

39.44%

29.48%

+9.96%

Volatility (1Y)

Calculated over the trailing 1-year period

46.73%

39.68%

+7.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.96%

36.11%

-0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.37%

35.88%

-0.51%