GOLD.TO vs. ^XAU
GOLD.TO (GoldMining Inc.) is a stock, while ^XAU (PHLX Gold/Silver Sector Index) is an index. Over the past 5 years, GOLD.TO returned -7.29%/yr vs 21.30%/yr for ^XAU. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
GOLD.TO vs. ^XAU - Performance Comparison
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Different Trading Currencies
GOLD.TO is traded in CAD, while ^XAU is traded in USD. To make them comparable, the ^XAU values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GOLD.TO achieves a -26.74% return, which is significantly lower than ^XAU's -1.29% return.
GOLD.TO
- 1D
- -3.82%
- 1M
- -17.65%
- YTD
- -26.74%
- 6M
- -32.98%
- 1Y
- 20.00%
- 3Y*
- 2.79%
- 5Y*
- -7.29%
- 10Y*
- —
^XAU
- 1D
- -4.77%
- 1M
- -5.06%
- YTD
- -1.29%
- 6M
- -5.56%
- 1Y
- 65.37%
- 3Y*
- 43.82%
- 5Y*
- 21.30%
- 10Y*
- 14.43%
GOLD.TO vs. ^XAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GOLD.TO GoldMining Inc. | -26.74% | 49.57% | -11.54% | -15.58% | 0.65% | -44.77% | 108.27% | 70.51% | -22.00% |
^XAU PHLX Gold/Silver Sector Index | -1.29% | 138.12% | 18.38% | 1.52% | -2.97% | -8.19% | 31.66% | 45.08% | -11.75% |
Correlation
The correlation between GOLD.TO and ^XAU is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2018 | 0.56 |
The correlation between GOLD.TO and ^XAU shifts across timeframes, from 0.56 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOLD.TO vs. ^XAU — Risk / Return Rank
GOLD.TO
^XAU
GOLD.TO vs. ^XAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GoldMining Inc. (GOLD.TO) and PHLX Gold/Silver Sector Index (^XAU). 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.
| GOLD.TO | ^XAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.92 | -1.58 |
| Martin ratioReturn relative to average drawdown | 0.70 | 4.84 | -4.14 |
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Drawdowns
GOLD.TO vs. ^XAU - Drawdown Comparison
The maximum GOLD.TO drawdown since its inception was -74.14%, roughly equal to the maximum ^XAU drawdown of -75.37%. Use the drawdown chart below to compare losses from any high point for GOLD.TO and ^XAU.
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Drawdown Indicators
| GOLD.TO | ^XAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.14% | -75.37% | +1.23% |
Max Drawdown (1Y)Largest decline over 1 year | -58.56% | -32.46% | -26.10% |
Max Drawdown (3Y)Largest decline over 3 years | -58.56% | -32.46% | -26.10% |
Max Drawdown (5Y)Largest decline over 5 years | -60.32% | -41.39% | -18.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.97% | — |
Current DrawdownCurrent decline from peak | -66.75% | -28.07% | -38.68% |
Average DrawdownAverage peak-to-trough decline | -46.28% | -29.63% | -16.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.53% | 12.87% | +15.66% |
Volatility
GOLD.TO vs. ^XAU - Volatility Comparison
GoldMining Inc. (GOLD.TO) has a higher volatility of 21.74% compared to PHLX Gold/Silver Sector Index (^XAU) at 16.76%. This indicates that GOLD.TO's price experiences larger fluctuations and is considered to be riskier than ^XAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOLD.TO | ^XAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.74% | 16.76% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 51.24% | 38.88% | +12.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.51% | 46.67% | +19.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.91% | 36.98% | +14.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.06% | 37.00% | +18.06% |
Frequently Asked Questions
GOLD.TO and ^XAU have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for GOLD.TO and ^XAU
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