HGGG.TO vs. IGLD.DE
HGGG.TO (Harvest Global Gold Giants Index ETF) and IGLD.DE (iShares Physical Gold (EUR Hedged) ETC) are both Gold funds - HGGG.TO tracks the Solactive Global Gold Giants Index TR while IGLD.DE tracks the Gold (EUR Hedged). Both are passively managed. Over the past 3 years, HGGG.TO returned 48.40%/yr vs 31.70%/yr for IGLD.DE. At a 0.47 correlation, their price movements are largely independent. HGGG.TO charges 0.40%/yr vs 0.25%/yr for IGLD.DE.
Performance
HGGG.TO vs. IGLD.DE - Performance Comparison
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Different Trading Currencies
HGGG.TO is traded in CAD, while IGLD.DE is traded in EUR. To make them comparable, the IGLD.DE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HGGG.TO achieves a -7.80% return, which is significantly lower than IGLD.DE's -5.59% return.
HGGG.TO
- 1D
- -3.72%
- 1M
- -4.70%
- YTD
- -7.80%
- 6M
- -11.38%
- 1Y
- 62.40%
- 3Y*
- 48.40%
- 5Y*
- 24.99%
- 10Y*
- —
IGLD.DE
- 1D
- 0.00%
- 1M
- -6.38%
- YTD
- -5.59%
- 6M
- -7.71%
- 1Y
- 22.09%
- 3Y*
- 31.70%
- 5Y*
- —
- 10Y*
- —
HGGG.TO vs. IGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HGGG.TO Harvest Global Gold Giants Index ETF | -7.80% | 170.60% | 26.04% | 4.17% | 15.22% |
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | -5.59% | 74.91% | 27.84% | 11.27% | 9.53% |
Correlation
The correlation between HGGG.TO and IGLD.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022 | 0.47 |
The correlation between HGGG.TO and IGLD.DE shifts across timeframes, from 0.47 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HGGG.TO vs. IGLD.DE — Risk / Return Rank
HGGG.TO
IGLD.DE
HGGG.TO vs. IGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Global Gold Giants Index ETF (HGGG.TO) and iShares Physical Gold (EUR Hedged) ETC (IGLD.DE). 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.
| HGGG.TO | IGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 0.91 | +0.82 |
| Martin ratioReturn relative to average drawdown | 4.52 | 2.43 | +2.09 |
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Drawdowns
HGGG.TO vs. IGLD.DE - Drawdown Comparison
The maximum HGGG.TO drawdown since its inception was -52.29%, which is greater than IGLD.DE's maximum drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for HGGG.TO and IGLD.DE.
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Drawdown Indicators
| HGGG.TO | IGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.29% | -24.15% | -28.14% |
Max Drawdown (1Y)Largest decline over 1 year | -36.32% | -24.15% | -12.17% |
Max Drawdown (3Y)Largest decline over 3 years | -36.32% | -24.15% | -12.17% |
Max Drawdown (5Y)Largest decline over 5 years | -39.14% | — | — |
Current DrawdownCurrent decline from peak | -30.86% | -22.01% | -8.85% |
Average DrawdownAverage peak-to-trough decline | -20.53% | -4.79% | -15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.85% | 9.05% | +4.80% |
Volatility
HGGG.TO vs. IGLD.DE - Volatility Comparison
Harvest Global Gold Giants Index ETF (HGGG.TO) has a higher volatility of 16.65% compared to iShares Physical Gold (EUR Hedged) ETC (IGLD.DE) at 9.01%. This indicates that HGGG.TO's price experiences larger fluctuations and is considered to be riskier than IGLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGGG.TO | IGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.65% | 9.01% | +7.64% |
Volatility (6M)Calculated over the trailing 6-month period | 37.56% | 24.15% | +13.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.86% | 27.84% | +18.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.45% | 22.21% | +11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.23% | 22.21% | +11.02% |
HGGG.TO vs. IGLD.DE - Expense Ratio Comparison
HGGG.TO has a 0.40% expense ratio, which is higher than IGLD.DE's 0.25% expense ratio.
Dividends
HGGG.TO vs. IGLD.DE - Dividend Comparison
Neither HGGG.TO nor IGLD.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HGGG.TO Harvest Global Gold Giants Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.65% | 0.54% |
IGLD.DE iShares Physical Gold (EUR Hedged) ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HGGG.TO and IGLD.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLD.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for HGGG.TO.
HGGG.TO tracks Solactive Global Gold Giants Index TR, while IGLD.DE tracks Gold (EUR Hedged). They also come from different issuers: Harvest and iShares. Their fees differ too: 0.40% for HGGG.TO and 0.25% for IGLD.DE.
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