HGY.TO vs. XGD.TO
Compare and contrast key facts about Global X Gold Yield ETF (HGY.TO) and iShares S&P/TSX Global Gold Index ETF (XGD.TO).
HGY.TO and XGD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HGY.TO is an actively managed fund by Global X. It was launched on Dec 14, 2010. XGD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Gold GR CAD. It was launched on Mar 23, 2001.
Performance
HGY.TO vs. XGD.TO - Performance Comparison
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HGY.TO vs. XGD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HGY.TO Global X Gold Yield ETF | 2.11% | 48.66% | 21.36% | 9.51% | -1.07% | -4.51% | 18.67% | 13.62% | -3.58% | 8.33% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 10.99% | 144.45% | 19.63% | 3.91% | -3.10% | -5.81% | 21.10% | 40.18% | -4.10% | 0.96% |
Returns By Period
In the year-to-date period, HGY.TO achieves a 2.11% return, which is significantly lower than XGD.TO's 10.99% return. Over the past 10 years, HGY.TO has underperformed XGD.TO with an annualized return of 9.83%, while XGD.TO has yielded a comparatively higher 18.24% annualized return.
HGY.TO
- 1D
- 0.00%
- 1M
- -13.74%
- YTD
- 2.11%
- 6M
- 11.36%
- 1Y
- 32.43%
- 3Y*
- 24.33%
- 5Y*
- 15.60%
- 10Y*
- 9.83%
XGD.TO
- 1D
- 6.65%
- 1M
- -17.83%
- YTD
- 10.99%
- 6M
- 23.93%
- 1Y
- 98.94%
- 3Y*
- 44.74%
- 5Y*
- 26.71%
- 10Y*
- 18.24%
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HGY.TO vs. XGD.TO - Expense Ratio Comparison
HGY.TO has a 0.86% expense ratio, which is higher than XGD.TO's 0.61% expense ratio.
Return for Risk
HGY.TO vs. XGD.TO — Risk / Return Rank
HGY.TO
XGD.TO
HGY.TO vs. XGD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Yield ETF (HGY.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.
| HGY.TO | XGD.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 2.31 | -0.93 |
Sortino ratioReturn per unit of downside risk | 1.82 | 2.54 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.51 | -1.57 |
Martin ratioReturn relative to average drawdown | 7.93 | 12.81 | -4.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HGY.TO | XGD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.31 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.84 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.55 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.26 | — |
Correlation
The correlation between HGY.TO and XGD.TO is 0.57, 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
HGY.TO vs. XGD.TO - Dividend Comparison
HGY.TO's dividend yield for the trailing twelve months is around 5.53%, more than XGD.TO's 0.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGY.TO Global X Gold Yield ETF | 5.53% | 4.92% | 5.32% | 6.10% | 6.42% | 5.87% | 5.72% | 4.19% | 4.66% | 4.63% | 5.37% | 6.13% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.56% | 0.62% | 0.93% | 1.49% | 1.80% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.09% | 0.57% |
Drawdowns
HGY.TO vs. XGD.TO - Drawdown Comparison
The maximum HGY.TO drawdown since its inception was -188,898.12%, which is greater than XGD.TO's maximum drawdown of -72.55%. Use the drawdown chart below to compare losses from any high point for HGY.TO and XGD.TO.
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Drawdown Indicators
| HGY.TO | XGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -188,898.12% | -72.55% | -188,825.57% |
Max Drawdown (1Y)Largest decline over 1 year | -17.47% | -28.95% | +11.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.32% | -40.82% | +22.50% |
Max Drawdown (10Y)Largest decline over 10 years | -20.31% | -46.96% | +26.65% |
Current DrawdownCurrent decline from peak | -161,050.90% | -17.83% | -161,033.07% |
Average DrawdownAverage peak-to-trough decline | -74,810.45% | -28.37% | -74,782.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 7.93% | -3.67% |
Volatility
HGY.TO vs. XGD.TO - Volatility Comparison
The current volatility for Global X Gold Yield ETF (HGY.TO) is 9.78%, while iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a volatility of 17.06%. This indicates that HGY.TO experiences smaller price fluctuations and is considered to be less risky than XGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGY.TO | XGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 17.06% | -7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 20.33% | 35.63% | -15.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.57% | 43.08% | -19.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.30% | 31.99% | -16.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 33.59% | -18.32% |