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HGGG.TO vs. ZGD.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HGGG.TO vs. ZGD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harvest Global Gold Giants Index ETF (HGGG.TO) and BMO Equal Weight Global Gold Index ETF (ZGD.TO).

HGGG.TO and ZGD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HGGG.TO is a passively managed fund by Harvest that tracks the performance of the Solactive Global Gold Giants Index TR. It was launched on Jan 10, 2019. ZGD.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Global Gold Index. It was launched on Nov 14, 2012. Both HGGG.TO and ZGD.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HGGG.TO vs. ZGD.TO - 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 BMO Equal Weight Global Gold Index ETF (ZGD.TO). The values are adjusted to include any dividend payments, if applicable.

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HGGG.TO vs. ZGD.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
HGGG.TO
Harvest Global Gold Giants Index ETF		6.31%170.60%26.04%4.17%-4.68%-14.34%31.47%25.92%
ZGD.TO
BMO Equal Weight Global Gold Index ETF		11.73%170.64%37.48%10.17%-2.30%-12.57%26.59%57.48%

Returns By Period

In the year-to-date period, HGGG.TO achieves a 6.31% return, which is significantly lower than ZGD.TO's 11.73% return.

HGGG.TO

1D
8.03%
1M
-20.27%
YTD
6.31%
6M
25.64%
1Y
117.42%
3Y*
50.08%
5Y*
30.21%
10Y*
—

ZGD.TO

1D
7.87%
1M
-18.70%
YTD
11.73%
6M
31.71%
1Y
123.98%
3Y*
57.32%
5Y*
35.00%
10Y*
21.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Harvest Global Gold Giants Index ETF

BMO Equal Weight Global Gold Index ETF

Often compared with HGGG.TO:
HGGG.TO vs. HGY.TOHGGG.TO vs. ZGLH.TOHGGG.TO vs. CGXF.TOHGGG.TO vs. CGL.TOHGGG.TO vs. AMAX.TOHGGG.TO vs. HUG.TOHGGG.TO vs. CGL-C.TO
Often compared with ZGD.TO:
ZGD.TO vs. XGD.TOZGD.TO vs. GLDZGD.TO vs. AMAX.TOZGD.TO vs. GDXUZGD.TO vs. SGDMZGD.TO vs. ZEB.TOZGD.TO vs. RGPM.NEO

HGGG.TO vs. ZGD.TO - Expense Ratio Comparison

HGGG.TO has a 0.40% expense ratio, which is lower than ZGD.TO's 0.60% expense ratio.

ZGD.TO
BMO Equal Weight Global Gold Index ETF
HGGG.TO
Harvest Global Gold Giants Index ETF

Return for Risk

HGGG.TO vs. ZGD.TO — 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: 9494
Overall Rank
HGGG.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
HGGG.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
HGGG.TO Omega Ratio Rank: 9393
Omega Ratio Rank
HGGG.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
HGGG.TO Martin Ratio Rank: 9393
Martin Ratio Rank
ZGD.TO
ZGD.TO Risk / Return Rank: 9595
Overall Rank
ZGD.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ZGD.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
ZGD.TO Omega Ratio Rank: 9494
Omega Ratio Rank
ZGD.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
ZGD.TO Martin Ratio Rank: 9595
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.

HGGG.TO vs. ZGD.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 BMO Equal Weight Global Gold Index ETF (ZGD.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.

HGGG.TOZGD.TODifference

Sharpe ratio

Return per unit of total volatility

2.71

2.75

-0.04

Sortino ratio

Return per unit of downside risk

2.98

2.86

+0.12

Omega ratio

Gain probability vs. loss probability

1.43

1.43

0.00

Calmar ratio

Return relative to maximum drawdown

3.81

4.17

-0.36

Martin ratio

Return relative to average drawdown

14.18

15.14

-0.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HGGG.TO vs. ZGD.TO - Sharpe Ratio Comparison

The current HGGG.TO Sharpe Ratio is 2.71, which is comparable to the ZGD.TO Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of HGGG.TO and ZGD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HGGG.TOZGD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.71

2.75

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.95

0.98

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.58

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.30

+0.49

Correlation

The correlation between HGGG.TO and ZGD.TO is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HGGG.TO vs. ZGD.TO - Dividend Comparison

HGGG.TO has not paid dividends to shareholders, while ZGD.TO's dividend yield for the trailing twelve months is around 0.20%.

TTM20252024202320222021202020192018201720162015
HGGG.TO
Harvest Global Gold Giants Index ETF		0.00%0.00%0.00%0.00%0.00%1.54%2.65%0.54%0.00%0.00%0.00%0.00%
ZGD.TO
BMO Equal Weight Global Gold Index ETF		0.20%0.22%0.59%0.76%0.77%0.38%0.16%1.20%0.00%0.00%0.32%0.46%

Drawdowns

HGGG.TO vs. ZGD.TO - Drawdown Comparison

The maximum HGGG.TO drawdown since its inception was -51.54%, smaller than the maximum ZGD.TO drawdown of -60.12%. Use the drawdown chart below to compare losses from any high point for HGGG.TO and ZGD.TO.

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Drawdown Indicators

HGGG.TOZGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-51.54%

-60.12%

+8.58%

Max Drawdown (1Y)

Largest decline over 1 year

-31.16%

-30.15%

-1.01%

Max Drawdown (5Y)

Largest decline over 5 years

-39.14%

-42.75%

+3.61%

Max Drawdown (10Y)

Largest decline over 10 years

—

-51.72%

—

Current Drawdown

Current decline from peak

-20.29%

-18.77%

-1.52%

Average Drawdown

Average peak-to-trough decline

-20.15%

-28.47%

+8.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.37%

8.30%

+0.07%

Volatility

HGGG.TO vs. ZGD.TO - Volatility Comparison

Harvest Global Gold Giants Index ETF (HGGG.TO) has a higher volatility of 19.27% compared to BMO Equal Weight Global Gold Index ETF (ZGD.TO) at 18.29%. This indicates that HGGG.TO's price experiences larger fluctuations and is considered to be riskier than ZGD.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.TOZGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

19.27%

18.29%

+0.98%

Volatility (6M)

Calculated over the trailing 6-month period

35.89%

37.55%

-1.66%

Volatility (1Y)

Calculated over the trailing 1-year period

43.54%

45.29%

-1.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.91%

35.83%

-3.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.34%

37.54%

-5.20%