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GORO vs. XGD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GORO vs. XGD.TO

Last updated Jun 13, 2026

GORO (Gold Resource Corporation) is a stock, while XGD.TO (iShares S&P/TSX Global Gold Index ETF) is Precious Metals fund tracking the S&P/TSX Global Gold Index. Over the past 10 years, GORO returned -9.01%/yr vs 13.23%/yr for XGD.TO. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

GORO vs. XGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold Resource Corporation (GORO) and iShares S&P/TSX Global Gold Index ETF (XGD.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, GORO achieves a 44.93% return, which is significantly higher than XGD.TO's -4.25% return. Over the past 10 years, GORO has underperformed XGD.TO with an annualized return of -9.01%, while XGD.TO has yielded a comparatively higher 13.23% annualized return.

GORO

1D
0.84%
1M
-12.41%
YTD
44.93%
6M
41.71%
1Y
90.08%
3Y*
14.89%
5Y*
-15.91%
10Y*
-9.01%

XGD.TO

1D
2.69%
1M
-16.52%
YTD
-4.25%
6M
-3.04%
1Y
55.75%
3Y*
39.72%
5Y*
17.61%
10Y*
13.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GORO vs. XGD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GORO
Gold Resource Corporation		44.93%259.84%-38.80%-75.42%0.20%-45.33%-46.91%39.34%-8.71%1.64%
XGD.TO
iShares S&P/TSX Global Gold Index ETF		-4.25%156.14%10.29%6.44%-8.90%-5.76%24.05%46.20%-11.54%8.29%

Correlation

The correlation between GORO and XGD.TO is 0.55, 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

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (10Y)
Calculated over the trailing 10-year period

0.56

Correlation (All Time)
Calculated using the full available price history since Sep 14, 2006

0.53

The correlation between GORO and XGD.TO shifts across timeframes, from 0.44 (3 years) to 0.56 (10 years), reflecting how their relationship changes across market environments.

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Gold Resource Corporation

iShares S&P/TSX Global Gold Index ETF

Often compared with GORO:
GORO vs. GROYGORO vs. CGAUGORO vs. APGORO vs. AAAUGORO vs. DNNGORO vs. EQXGORO vs. AYTU
Often compared with XGD.TO:
XGD.TO vs. CGL.TOXGD.TO vs. GLDXGD.TO vs. ZGD.TOXGD.TO vs. MNT.TOXGD.TO vs. BRK-BXGD.TO vs. ZGLD.TOXGD.TO vs. ZGLD.SW

Return for Risk

GORO vs. XGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GORO
GORO Risk / Return Rank: 7373
Overall Rank
GORO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GORO Sortino Ratio Rank: 7575
Sortino Ratio Rank
GORO Omega Ratio Rank: 7070
Omega Ratio Rank
GORO Calmar Ratio Rank: 7676
Calmar Ratio Rank
GORO Martin Ratio Rank: 7272
Martin Ratio Rank
XGD.TO
XGD.TO Risk / Return Rank: 4040
Overall Rank
XGD.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
XGD.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
XGD.TO Omega Ratio Rank: 4343
Omega Ratio Rank
XGD.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
XGD.TO Martin Ratio Rank: 3636
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.

GORO vs. XGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Resource Corporation (GORO) and iShares S&P/TSX Global Gold Index ETF (XGD.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.

GOROXGD.TODifference
Sharpe ratioReturn per unit of total volatility
0.93
1.26

-0.33

Sortino ratioReturn per unit of downside risk
1.91
1.67

+0.23

Omega ratioGain probability vs. loss probability

1.21

1.24

-0.02

Calmar ratioReturn relative to maximum drawdown

2.05

1.63

+0.42

Martin ratioReturn relative to average drawdown

3.70

4.60

-0.90

GORO vs. XGD.TO - Sharpe Ratio Comparison

The current GORO Sharpe Ratio is 0.93, which is comparable to the XGD.TO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of GORO and XGD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GORO vs. XGD.TO - Drawdown Comparison

The maximum GORO drawdown since its inception was -99.48%, which is greater than XGD.TO's maximum drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for GORO and XGD.TO.

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Drawdown Indicators

GOROXGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-99.48%

-80.30%

-19.18%

Max Drawdown (1Y)

Largest decline over 1 year

-44.27%

-34.40%

-9.87%

Max Drawdown (3Y)

Largest decline over 3 years

-85.50%

-34.40%

-51.10%

Max Drawdown (5Y)

Largest decline over 5 years

-95.47%

-44.90%

-50.57%

Max Drawdown (10Y)

Largest decline over 10 years

-98.29%

-47.12%

-51.17%

Current Drawdown

Current decline from peak

-95.01%

-29.21%

-65.80%

Average Drawdown

Average peak-to-trough decline

-65.14%

-40.83%

-24.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

24.42%

12.14%

+12.28%

Volatility

GORO vs. XGD.TO - Volatility Comparison

Gold Resource Corporation (GORO) has a higher volatility of 17.99% compared to iShares S&P/TSX Global Gold Index ETF (XGD.TO) at 16.16%. This indicates that GORO's price experiences larger fluctuations and is considered to be riskier than XGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GOROXGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.99%

16.16%

+1.83%

Volatility (6M)

Calculated over the trailing 6-month period

70.66%

36.18%

+34.48%

Volatility (1Y)

Calculated over the trailing 1-year period

97.40%

44.61%

+52.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

93.01%

33.65%

+59.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

78.68%

34.19%

+44.49%

Dividends

GORO vs. XGD.TO - Dividend Comparison

GORO has not paid dividends to shareholders, while XGD.TO's dividend yield for the trailing twelve months is around 0.64%.

PositionTTM20252024202320222021202020192018201720162015
GORO
Gold Resource Corporation		0.00%0.00%0.00%0.00%2.61%2.78%1.37%0.42%0.50%0.45%0.69%7.23%
XGD.TO
iShares S&P/TSX Global Gold Index ETF		0.64%0.62%0.93%1.49%1.77%1.38%0.35%0.54%0.25%0.14%0.10%0.57%

Frequently Asked Questions

GORO and XGD.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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