HGGG.TO vs. MNT.TO
HGGG.TO (Harvest Global Gold Giants Index ETF) and MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) are both Gold funds. Over the past 5 years, HGGG.TO returned 24.99%/yr vs 21.45%/yr for MNT.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
HGGG.TO vs. MNT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HGGG.TO achieves a -7.80% return, which is significantly lower than MNT.TO's -6.93% 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*
- —
MNT.TO
- 1D
- -1.48%
- 1M
- -6.99%
- YTD
- -6.93%
- 6M
- -10.28%
- 1Y
- 18.65%
- 3Y*
- 31.47%
- 5Y*
- 21.45%
- 10Y*
- 12.39%
HGGG.TO vs. MNT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HGGG.TO Harvest Global Gold Giants Index ETF | -7.80% | 170.60% | 26.04% | 4.17% | -4.68% | -15.67% | 31.47% | 24.47% |
MNT.TO Royal Canadian Mint - Canadian Gold Reserves | -6.93% | 61.23% | 44.81% | 3.61% | 10.52% | -10.51% | 26.14% | 16.51% |
Correlation
The correlation between HGGG.TO and MNT.TO is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.41 |
Over the past year, HGGG.TO and MNT.TO have become more correlated (0.65) than their long-term average of 0.41, meaning their price movements have been converging.
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Return for Risk
HGGG.TO vs. MNT.TO — Risk / Return Rank
HGGG.TO
MNT.TO
HGGG.TO vs. MNT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Global Gold Giants Index ETF (HGGG.TO) and Royal Canadian Mint - Canadian Gold Reserves (MNT.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.
| HGGG.TO | MNT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.14 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 0.66 | +1.07 |
| Martin ratioReturn relative to average drawdown | 4.52 | 1.69 | +2.83 |
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Drawdowns
HGGG.TO vs. MNT.TO - Drawdown Comparison
The maximum HGGG.TO drawdown since its inception was -52.29%, which is greater than MNT.TO's maximum drawdown of -34.79%. Use the drawdown chart below to compare losses from any high point for HGGG.TO and MNT.TO.
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Drawdown Indicators
| HGGG.TO | MNT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.29% | -34.79% | -17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -36.32% | -28.55% | -7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -36.32% | -28.55% | -7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -39.14% | -28.55% | -10.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.58% | — |
Current DrawdownCurrent decline from peak | -30.86% | -25.83% | -5.03% |
Average DrawdownAverage peak-to-trough decline | -20.53% | -15.87% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.85% | 11.06% | +2.79% |
Volatility
HGGG.TO vs. MNT.TO - Volatility Comparison
Harvest Global Gold Giants Index ETF (HGGG.TO) has a higher volatility of 16.65% compared to Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) at 8.23%. This indicates that HGGG.TO's price experiences larger fluctuations and is considered to be riskier than MNT.TO 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 | MNT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.65% | 8.23% | +8.42% |
Volatility (6M)Calculated over the trailing 6-month period | 37.56% | 26.05% | +11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.86% | 30.85% | +15.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.45% | 20.47% | +12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.23% | 19.60% | +13.63% |
Dividends
HGGG.TO vs. MNT.TO - Dividend Comparison
Neither HGGG.TO nor MNT.TO 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% |
MNT.TO Royal Canadian Mint - Canadian Gold Reserves | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HGGG.TO and MNT.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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