GOLD.TO vs. ^XAU

Last updated Apr 2, 2026

Compare and contrast key facts about GoldMining Inc. (GOLD.TO) and Philadelphia Gold and Silver Index (^XAU).

Performance

GOLD.TO vs. ^XAU - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in GoldMining Inc. (GOLD.TO) and Philadelphia Gold and Silver Index (^XAU). The values are adjusted to include any dividend payments, if applicable.

GOLD.TO vs. ^XAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOLD.TO GoldMining Inc.	-0.00%	49.57%	26.55%	17.53%	59.76%	-12.88%	140.75%	93.82%	-41.35%	-34.16%
^XAU Philadelphia Gold and Silver Index	10.81%	138.07%	18.52%	1.71%	-2.25%	-8.97%	32.58%	43.88%	-10.11%	1.24%

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

Over the past 10 years, GOLD.TO has outperformed ^XAU with an annualized return of 31.48%, while ^XAU has yielded a comparatively lower 19.09% annualized return.

GOLD.TO

• 1D: 3.61%
• 1M: -26.81%
• YTD: -0.00%
• 6M: 0.58%
• 1Y: 44.54%
• 3Y*: 24.77%
• 5Y*: 31.02%
• 10Y*: 31.48%

^XAU

• 1D: 0.00%
• 1M: -18.89%
• YTD: 10.81%
• 6M: 24.18%
• 1Y: 105.22%
• 3Y*: 43.09%
• 5Y*: 24.28%
• 10Y*: 19.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GOLD.TO vs. ^XAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOLD.TO

GOLD.TO Risk / Return Rank: 62
GOLD.TO Sharpe Ratio Rank: 65
GOLD.TO Sortino Ratio Rank: 63
GOLD.TO Omega Ratio Rank: 62
GOLD.TO Calmar Ratio Rank: 60
GOLD.TO Martin Ratio Rank: 62

^XAU

^XAU Risk / Return Rank: 96
^XAU Sharpe Ratio Rank: 97
^XAU Sortino Ratio Rank: 97
^XAU Omega Ratio Rank: 96
^XAU Calmar Ratio Rank: 95
^XAU Martin Ratio Rank: 95

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.

GOLD.TO vs. ^XAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GoldMining Inc. (GOLD.TO) and Philadelphia Gold and Silver 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.

	GOLD.TO	^XAU	Difference
Sharpe ratio Return per unit of total volatility	0.71	2.44	-1.73
Sortino ratio Return per unit of downside risk	1.35	2.62	-1.27
Omega ratio Gain probability vs. loss probability	1.17	1.39	-0.21
Calmar ratio Return relative to maximum drawdown	0.88	3.50	-2.61
Martin ratio Return relative to average drawdown	2.27	12.74	-10.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOLD.TO vs. ^XAU - Sharpe Ratio Comparison

The current GOLD.TO Sharpe Ratio is 0.71, which is lower than the ^XAU Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of GOLD.TO and ^XAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOLD.TO	^XAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	2.44	-1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.74	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.56	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.23	+0.05

Correlation

The correlation between GOLD.TO and ^XAU is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

GOLD.TO vs. ^XAU - Drawdown Comparison

The maximum GOLD.TO drawdown since its inception was -76.83%, roughly equal to the maximum ^XAU drawdown of -75.39%. Use the drawdown chart below to compare losses from any high point for GOLD.TO and ^XAU.

Drawdown Indicators

	GOLD.TO	^XAU	Difference
Max Drawdown Largest peak-to-trough decline	-76.83%	-83.04%	+6.21%
Max Drawdown (1Y) Largest decline over 1 year	-48.97%	-30.21%	-18.76%
Max Drawdown (5Y) Largest decline over 5 years	-48.97%	-45.52%	-3.45%
Max Drawdown (10Y) Largest decline over 10 years	-76.83%	-45.52%	-31.31%
Current Drawdown Current decline from peak	-41.10%	-17.20%	-23.90%
Average Drawdown Average peak-to-trough decline	-36.67%	-39.84%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.12%	8.31%	+10.81%

Volatility

GOLD.TO vs. ^XAU - Volatility Comparison

GoldMining Inc. (GOLD.TO) has a higher volatility of 20.20% compared to Philadelphia Gold and Silver Index (^XAU) at 15.57%. 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.

Volatility by Period

	GOLD.TO	^XAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.20%	15.57%	+4.63%
Volatility (6M) Calculated over the trailing 6-month period	54.71%	36.40%	+18.31%
Volatility (1Y) Calculated over the trailing 1-year period	63.14%	43.30%	+19.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.32%	32.93%	+22.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.35%	34.38%	+23.97%