HGGG.TO vs. XGD.TO
HGGG.TO (Harvest Global Gold Giants Index ETF) and XGD.TO (iShares S&P/TSX Global Gold Index ETF) are both Gold funds - HGGG.TO tracks the Solactive Global Gold Giants Index TR while XGD.TO tracks the S&P/TSX Global Gold Index. Both are passively managed. Over the past 5 years, HGGG.TO returned 24.99%/yr vs 23.14%/yr for XGD.TO. A 0.66 correlation means they provide meaningful diversification when combined. HGGG.TO charges 0.40%/yr vs 0.61%/yr for XGD.TO.
Performance
HGGG.TO vs. XGD.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 XGD.TO's -3.25% 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*
- —
XGD.TO
- 1D
- -3.91%
- 1M
- -6.09%
- YTD
- -3.25%
- 6M
- -7.99%
- 1Y
- 55.56%
- 3Y*
- 43.50%
- 5Y*
- 23.14%
- 10Y*
- 13.37%
HGGG.TO vs. XGD.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% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | -3.25% | 144.45% | 19.63% | 3.91% | -3.13% | -5.81% | 21.10% | 47.49% |
Correlation
The correlation between HGGG.TO and XGD.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.66 |
Over the past year, HGGG.TO and XGD.TO have become more correlated (0.88) than their long-term average of 0.66, meaning their price movements have been converging.
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Return for Risk
HGGG.TO vs. XGD.TO — Risk / Return Rank
HGGG.TO
XGD.TO
HGGG.TO vs. XGD.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 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.
| HGGG.TO | XGD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.69 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.52 | 4.43 | +0.09 |
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Drawdowns
HGGG.TO vs. XGD.TO - Drawdown Comparison
The maximum HGGG.TO drawdown since its inception was -52.29%, smaller than the maximum XGD.TO drawdown of -72.56%. Use the drawdown chart below to compare losses from any high point for HGGG.TO and XGD.TO.
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Drawdown Indicators
| HGGG.TO | XGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.29% | -72.56% | +20.27% |
Max Drawdown (1Y)Largest decline over 1 year | -36.32% | -33.06% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -36.32% | -33.06% | -3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -39.14% | -40.82% | +1.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.96% | — |
Current DrawdownCurrent decline from peak | -30.86% | -28.37% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -20.53% | -31.91% | +11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.85% | 12.59% | +1.26% |
Volatility
HGGG.TO vs. XGD.TO - Volatility Comparison
Harvest Global Gold Giants Index ETF (HGGG.TO) and iShares S&P/TSX Global Gold Index ETF (XGD.TO) have volatilities of 16.65% and 16.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGGG.TO | XGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.65% | 16.16% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 37.56% | 36.86% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.86% | 45.08% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.45% | 33.12% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.23% | 33.55% | -0.32% |
HGGG.TO vs. XGD.TO - Expense Ratio Comparison
HGGG.TO has a 0.40% expense ratio, which is lower than XGD.TO's 0.61% expense ratio.
Dividends
HGGG.TO vs. XGD.TO - Dividend Comparison
HGGG.TO has not paid dividends to shareholders, while XGD.TO's dividend yield for the trailing twelve months is around 0.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGGG.TO Harvest Global Gold Giants Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.65% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
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
HGGG.TO and XGD.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HGGG.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HGGG.TO is cheaper with a 0.40% expense ratio, compared with 0.61% for XGD.TO.
HGGG.TO tracks Solactive Global Gold Giants Index TR, while XGD.TO tracks S&P/TSX Global Gold Index. They also come from different issuers: Harvest and iShares. Their fees differ too: 0.40% for HGGG.TO and 0.61% for XGD.TO.
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