IDMO vs. XGD.TO
IDMO (Invesco S&P International Developed Momentum ETF) and XGD.TO (iShares S&P/TSX Global Gold Index ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while XGD.TO is a Gold fund tracking the S&P/TSX Global Gold Index. Both are passively managed. Over the past 10 years, IDMO returned 12.64%/yr vs 13.24%/yr for XGD.TO. At a 0.18 correlation, their price movements are largely independent. IDMO charges 0.25%/yr vs 0.61%/yr for XGD.TO.
Performance
IDMO vs. XGD.TO - Performance Comparison
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Different Trading Currencies
IDMO is traded in USD, while XGD.TO is traded in CAD. To make them comparable, the XGD.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDMO achieves a 8.17% return, which is significantly higher than XGD.TO's -4.15% return. Both investments have delivered pretty close results over the past 10 years, with IDMO having a 12.64% annualized return and XGD.TO not far ahead at 13.24%.
IDMO
- 1D
- 1.36%
- 1M
- -0.98%
- YTD
- 8.17%
- 6M
- 10.09%
- 1Y
- 24.72%
- 3Y*
- 25.21%
- 5Y*
- 15.50%
- 10Y*
- 12.64%
XGD.TO
- 1D
- 2.80%
- 1M
- -14.79%
- YTD
- -4.15%
- 6M
- -2.94%
- 1Y
- 52.19%
- 3Y*
- 39.77%
- 5Y*
- 17.63%
- 10Y*
- 13.24%
IDMO vs. XGD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 8.17% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | -4.15% | 156.14% | 10.29% | 6.44% | -8.90% | -5.76% | 24.05% | 46.20% | -11.54% | 8.29% |
Correlation
The correlation between IDMO and XGD.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.18 |
Over the past year, IDMO and XGD.TO have become more correlated (0.47) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
IDMO vs. XGD.TO — Risk / Return Rank
IDMO
XGD.TO
IDMO vs. XGD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.
| IDMO | XGD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.63 | +0.25 |
| Martin ratioReturn relative to average drawdown | 7.64 | 4.62 | +3.02 |
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Drawdowns
IDMO vs. XGD.TO - Drawdown Comparison
The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum XGD.TO drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for IDMO and XGD.TO.
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Drawdown Indicators
| IDMO | XGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -80.30% | +40.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -34.40% | +22.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -34.40% | +21.75% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -44.90% | +17.83% |
Max Drawdown (10Y)Largest decline over 10 years | -31.34% | -47.12% | +15.78% |
Current DrawdownCurrent decline from peak | -1.92% | -29.14% | +27.22% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -40.83% | +31.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 12.14% | -9.10% |
Volatility
IDMO vs. XGD.TO - Volatility Comparison
The current volatility for Invesco S&P International Developed Momentum ETF (IDMO) is 7.92%, while iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a volatility of 16.18%. This indicates that IDMO 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
| IDMO | XGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.92% | 16.18% | -8.26% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 36.18% | -20.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 44.62% | -26.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 33.65% | -15.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 34.19% | -16.01% |
IDMO vs. XGD.TO - Expense Ratio Comparison
IDMO has a 0.25% expense ratio, which is lower than XGD.TO's 0.61% expense ratio.
Dividends
IDMO vs. XGD.TO - Dividend Comparison
IDMO's dividend yield for the trailing twelve months is around 3.52%, more than XGD.TO's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.52% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
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
IDMO and XGD.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDMO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.61% for XGD.TO.
IDMO is categorized as Momentum, while XGD.TO is Gold. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while XGD.TO tracks S&P/TSX Global Gold Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for IDMO and 0.61% for XGD.TO.
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