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IAU.TO vs. XGD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAU.TO vs. XGD.TO

Last updated Jun 4, 2026

IAU.TO (i-80 Gold Corp) is a stock, while XGD.TO (iShares S&P/TSX Global Gold Index ETF) is Precious Metals fund tracking the Morningstar Gbl Gold GR CAD. Over the past 5 years, IAU.TO returned -4.15%/yr vs 22.30%/yr for XGD.TO. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

IAU.TO vs. XGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in i-80 Gold Corp (IAU.TO) and iShares S&P/TSX Global Gold Index ETF (XGD.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IAU.TO achieves a 4.95% return, which is significantly higher than XGD.TO's 3.35% return.

IAU.TO

1D
-5.36%
1M
4.43%
YTD
4.95%
6M
25.44%
1Y
178.95%
3Y*
-11.03%
5Y*
-4.15%
10Y*
—

XGD.TO

1D
-2.80%
1M
1.62%
YTD
3.35%
6M
8.72%
1Y
67.78%
3Y*
43.11%
5Y*
22.30%
10Y*
14.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAU.TO vs. XGD.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IAU.TO
i-80 Gold Corp		4.95%192.75%-70.39%-38.36%22.33%-35.63%
XGD.TO
iShares S&P/TSX Global Gold Index ETF		3.35%144.45%19.63%3.91%-3.10%-1.87%

Correlation

The correlation between IAU.TO and XGD.TO is 0.63, 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

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Apr 14, 2021

0.59

The correlation between IAU.TO and XGD.TO has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

i-80 Gold Corp

iShares S&P/TSX Global Gold Index ETF

Often compared with IAU.TO:
IAU.TO vs. XMA.TOIAU.TO vs. ZWB.TOIAU.TO vs. IAUIAU.TO vs. LGD.TOIAU.TO vs. ASPIIAU.TO vs. AAUC.TOIAU.TO vs. MAU.TO
Often compared with XGD.TO:
XGD.TO vs. CGL.TOXGD.TO vs. GLDXGD.TO vs. ZGD.TOXGD.TO vs. MNT.TOXGD.TO vs. BRK-BXGD.TO vs. ZGLD.TOXGD.TO vs. ZGLD.SW

Return for Risk

IAU.TO vs. XGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAU.TO
IAU.TO Risk / Return Rank: 9090
Overall Rank
IAU.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
IAU.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
IAU.TO Omega Ratio Rank: 8686
Omega Ratio Rank
IAU.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
IAU.TO Martin Ratio Rank: 9090
Martin Ratio Rank
XGD.TO
XGD.TO Risk / Return Rank: 4242
Overall Rank
XGD.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
XGD.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
XGD.TO Omega Ratio Rank: 4343
Omega Ratio Rank
XGD.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
XGD.TO Martin Ratio Rank: 3939
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.

IAU.TO vs. XGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for i-80 Gold Corp (IAU.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.

IAU.TOXGD.TODifference
Sharpe ratioReturn per unit of total volatility
2.82
1.59

+1.23

Sortino ratioReturn per unit of downside risk
2.95
1.97

+0.98

Omega ratioGain probability vs. loss probability

1.38

1.28

+0.10

Calmar ratioReturn relative to maximum drawdown

4.71

2.35

+2.36

Martin ratioReturn relative to average drawdown

12.21

6.22

+5.99

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

IAU.TO vs. XGD.TO - Sharpe Ratio Comparison

The current IAU.TO Sharpe Ratio is 2.82, which is higher than the XGD.TO Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of IAU.TO and XGD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IAU.TOXGD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.82

1.59

+1.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.06

0.69

-0.75

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.45

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.21

0.25

-0.46

Drawdowns

IAU.TO vs. XGD.TO - Drawdown Comparison

The maximum IAU.TO drawdown since its inception was -91.25%, 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 IAU.TO and XGD.TO.

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Drawdown Indicators

IAU.TOXGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-91.25%

-72.55%

-18.70%

Max Drawdown (1Y)

Largest decline over 1 year

-38.25%

-28.95%

-9.30%

Max Drawdown (3Y)

Largest decline over 3 years

-84.09%

-28.95%

-55.14%

Max Drawdown (5Y)

Largest decline over 5 years

-87.90%

-40.82%

-47.08%

Max Drawdown (10Y)

Largest decline over 10 years

—

-46.96%

—

Current Drawdown

Current decline from peak

-62.14%

-23.49%

-38.65%

Average Drawdown

Average peak-to-trough decline

-59.76%

-28.30%

-31.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.72%

10.93%

+3.79%

Volatility

IAU.TO vs. XGD.TO - Volatility Comparison

i-80 Gold Corp (IAU.TO) has a higher volatility of 16.43% compared to iShares S&P/TSX Global Gold Index ETF (XGD.TO) at 14.43%. This indicates that IAU.TO's price experiences larger fluctuations and is considered to be riskier 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

IAU.TOXGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.43%

14.43%

+2.00%

Volatility (6M)

Calculated over the trailing 6-month period

45.65%

34.40%

+11.25%

Volatility (1Y)

Calculated over the trailing 1-year period

63.79%

42.86%

+20.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.46%

32.64%

+34.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

70.57%

33.38%

+37.19%

Dividends

IAU.TO vs. XGD.TO - Dividend Comparison

IAU.TO has not paid dividends to shareholders, while XGD.TO's dividend yield for the trailing twelve months is around 0.60%.

PositionTTM20252024202320222021202020192018201720162015
IAU.TO
i-80 Gold Corp		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XGD.TO
iShares S&P/TSX Global Gold Index ETF		0.60%0.62%0.93%1.49%1.80%1.38%0.35%0.54%0.25%0.14%0.09%0.57%

Frequently Asked Questions

IAU.TO and XGD.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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