HGGG.TO vs. XGDU.DE

Last updated Jun 26, 2026

HGGG.TO (Harvest Global Gold Giants Index ETF) and XGDU.DE (Xtrackers IE Physical Gold ETC Securities) are both Gold funds - HGGG.TO tracks the Solactive Global Gold Giants Index TR while XGDU.DE tracks the Gold. Both are passively managed. Over the past 5 years, HGGG.TO returned 24.63%/yr vs 21.00%/yr for XGDU.DE. At a 0.42 correlation, their price movements are largely independent. HGGG.TO charges 0.40%/yr vs 0.12%/yr for XGDU.DE.

Performance

HGGG.TO vs. XGDU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Global Gold Giants Index ETF (HGGG.TO) and Xtrackers IE Physical Gold ETC Securities (XGDU.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HGGG.TO is traded in CAD, while XGDU.DE is traded in EUR. To make them comparable, the XGDU.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 -10.17% return, which is significantly lower than XGDU.DE's -5.03% return.

HGGG.TO

• 1D: 2.11%
• 1M: -10.86%
• YTD: -10.17%
• 6M: -12.63%
• 1Y: 60.30%
• 3Y*: 47.27%
• 5Y*: 24.63%
• 10Y*: —

XGDU.DE

• 1D: 0.36%
• 1M: -8.11%
• YTD: -5.03%
• 6M: -6.96%
• 1Y: 24.88%
• 3Y*: 31.03%
• 5Y*: 21.00%
• 10Y*: —

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

HGGG.TO vs. XGDU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HGGG.TO Harvest Global Gold Giants Index ETF	-10.17%	170.60%	26.04%	4.17%	-4.68%	-15.67%	11.68%
XGDU.DE Xtrackers IE Physical Gold ETC Securities	-5.03%	59.95%	37.77%	10.20%	7.19%	-4.68%	-8.28%

Correlation

The correlation between HGGG.TO and XGDU.DE 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	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020	0.42

Over the past year, HGGG.TO and XGDU.DE have become more correlated (0.65) than their long-term average of 0.42, meaning their price movements have been converging.

Return for Risk

HGGG.TO vs. XGDU.DE — Risk / Return Rank

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

HGGG.TO

HGGG.TO Risk / Return Rank: 37
HGGG.TO Sharpe Ratio Rank: 41
HGGG.TO Sortino Ratio Rank: 37
HGGG.TO Omega Ratio Rank: 40
HGGG.TO Calmar Ratio Rank: 36
HGGG.TO Martin Ratio Rank: 32

XGDU.DE

XGDU.DE Risk / Return Rank: 24
XGDU.DE Sharpe Ratio Rank: 22
XGDU.DE Sortino Ratio Rank: 21
XGDU.DE Omega Ratio Rank: 31
XGDU.DE Calmar Ratio Rank: 24
XGDU.DE Martin Ratio Rank: 22

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.

HGGG.TO vs. XGDU.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 Xtrackers IE Physical Gold ETC Securities (XGDU.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	XGDU.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.32	0.74	+0.57
Sortino ratio: Return per unit of downside risk	1.79	1.15	+0.64
Omega ratio: Gain probability vs. loss probability	1.24	1.19	+0.05
Calmar ratio: Return relative to maximum drawdown	1.67	1.17	+0.50
Martin ratio: Return relative to average drawdown	4.27	2.63	+1.64

HGGG.TO vs. XGDU.DE - Sharpe Ratio Comparison

The current HGGG.TO Sharpe Ratio is 1.32, which is higher than the XGDU.DE Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of HGGG.TO and XGDU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HGGG.TO vs. XGDU.DE - Drawdown Comparison

The maximum HGGG.TO drawdown since its inception was -52.29%, which is greater than XGDU.DE's maximum drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for HGGG.TO and XGDU.DE.

Drawdown Indicators

	HGGG.TO	XGDU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-52.29%	-23.07%	-29.22%
Max Drawdown (1Y) Largest decline over 1 year	-36.32%	-21.22%	-15.10%
Max Drawdown (3Y) Largest decline over 3 years	-36.32%	-21.22%	-15.10%
Max Drawdown (5Y) Largest decline over 5 years	-39.14%	-21.22%	-17.92%
Current Drawdown Current decline from peak	-32.64%	-20.94%	-11.70%
Average Drawdown Average peak-to-trough decline	-20.55%	-8.83%	-11.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.16%	9.45%	+4.71%

Volatility

HGGG.TO vs. XGDU.DE - Volatility Comparison

Harvest Global Gold Giants Index ETF (HGGG.TO) has a higher volatility of 16.82% compared to Xtrackers IE Physical Gold ETC Securities (XGDU.DE) at 8.21%. This indicates that HGGG.TO's price experiences larger fluctuations and is considered to be riskier than XGDU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGGG.TO	XGDU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.82%	8.21%	+8.61%
Volatility (6M) Calculated over the trailing 6-month period	37.75%	22.11%	+15.64%
Volatility (1Y) Calculated over the trailing 1-year period	46.09%	33.30%	+12.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.53%	20.77%	+12.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.27%	20.73%	+12.54%

HGGG.TO vs. XGDU.DE - Expense Ratio Comparison

HGGG.TO has a 0.40% expense ratio, which is higher than XGDU.DE's 0.12% expense ratio.

Dividends

HGGG.TO vs. XGDU.DE - Dividend Comparison

Neither HGGG.TO nor XGDU.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%
XGDU.DE Xtrackers IE Physical Gold ETC Securities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HGGG.TO and XGDU.DE in my portfolio?

HGGG.TO and XGDU.DE 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.

Which ETF is better, HGGG.TO or XGDU.DE?

On fees, XGDU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HGGG.TO or XGDU.DE?

XGDU.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for HGGG.TO.

What is the main difference between HGGG.TO and XGDU.DE?

HGGG.TO tracks Solactive Global Gold Giants Index TR, while XGDU.DE tracks Gold. They also come from different issuers: Harvest and Xtrackers. Their fees differ too: 0.40% for HGGG.TO and 0.12% for XGDU.DE.