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

KGC vs. XGD.TO

Last updated Jun 13, 2026

KGC (Kinross Gold Corporation) is a stock, while XGD.TO (iShares S&P/TSX Global Gold Index ETF) is Precious Metals fund tracking the S&P/TSX Global Gold Index. Over the past 10 years, KGC returned 18.81%/yr vs 13.23%/yr for XGD.TO. Their correlation of 0.82 suggests significant overlap in exposure.

Performance

KGC vs. XGD.TO - Performance Comparison

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

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Different Trading Currencies

KGC 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, KGC achieves a -8.92% return, which is significantly lower than XGD.TO's -4.25% return. Over the past 10 years, KGC has outperformed XGD.TO with an annualized return of 18.81%, while XGD.TO has yielded a comparatively lower 13.23% annualized return.

KGC

1D
2.90%
1M
-18.08%
YTD
-8.92%
6M
-8.14%
1Y
65.63%
3Y*
76.13%
5Y*
29.09%
10Y*
18.81%

XGD.TO

1D
2.69%
1M
-16.52%
YTD
-4.25%
6M
-3.04%
1Y
55.75%
3Y*
39.72%
5Y*
17.61%
10Y*
13.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KGC vs. XGD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
KGC
Kinross Gold Corporation		-8.92%206.11%55.63%51.83%-27.59%-19.00%56.04%46.30%-25.00%38.91%
XGD.TO
iShares S&P/TSX Global Gold Index ETF		-4.25%156.14%10.29%6.44%-8.90%-5.76%24.05%46.20%-11.54%8.29%

Correlation

The correlation between KGC and XGD.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

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

0.84

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

0.82

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.82

The correlation between KGC and XGD.TO has been stable across timeframes, ranging from 0.81 to 0.88 - 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.

Kinross Gold Corporation

iShares S&P/TSX Global Gold Index ETF

Often compared with KGC:
KGC vs. GOLDKGC vs. GFIKGC vs. BTGKGC vs. GLDKGC vs. EGOKGC vs. GAUKGC vs. FRO
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

KGC vs. XGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KGC
KGC Risk / Return Rank: 7575
Overall Rank
KGC Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
KGC Sortino Ratio Rank: 7272
Sortino Ratio Rank
KGC Omega Ratio Rank: 7474
Omega Ratio Rank
KGC Calmar Ratio Rank: 7474
Calmar Ratio Rank
KGC Martin Ratio Rank: 7878
Martin Ratio Rank
XGD.TO
XGD.TO Risk / Return Rank: 4040
Overall Rank
XGD.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
XGD.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
XGD.TO Omega Ratio Rank: 4343
Omega Ratio Rank
XGD.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
XGD.TO Martin Ratio Rank: 3636
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.

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

This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (KGC) 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.

KGCXGD.TODifference
Sharpe ratioReturn per unit of total volatility
1.29
1.26

+0.03

Sortino ratioReturn per unit of downside risk
1.72
1.67

+0.05

Omega ratioGain probability vs. loss probability

1.24

1.24

0.00

Calmar ratioReturn relative to maximum drawdown

1.75

1.63

+0.12

Martin ratioReturn relative to average drawdown

5.20

4.60

+0.60

KGC vs. XGD.TO - Sharpe Ratio Comparison

The current KGC Sharpe Ratio is 1.29, which is comparable to the XGD.TO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of KGC 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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Drawdowns

KGC vs. XGD.TO - Drawdown Comparison

The maximum KGC drawdown since its inception was -96.00%, which is greater than XGD.TO's maximum drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for KGC and XGD.TO.

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Drawdown Indicators

KGCXGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-96.00%

-80.30%

-15.70%

Max Drawdown (1Y)

Largest decline over 1 year

-37.69%

-34.40%

-3.29%

Max Drawdown (3Y)

Largest decline over 3 years

-37.69%

-34.40%

-3.29%

Max Drawdown (5Y)

Largest decline over 5 years

-59.29%

-44.90%

-14.39%

Max Drawdown (10Y)

Largest decline over 10 years

-67.75%

-47.12%

-20.63%

Current Drawdown

Current decline from peak

-32.63%

-29.21%

-3.42%

Average Drawdown

Average peak-to-trough decline

-57.60%

-40.83%

-16.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.66%

12.14%

+0.52%

Volatility

KGC vs. XGD.TO - Volatility Comparison

Kinross Gold Corporation (KGC) has a higher volatility of 18.21% compared to iShares S&P/TSX Global Gold Index ETF (XGD.TO) at 16.16%. This indicates that KGC'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

KGCXGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

18.21%

16.16%

+2.05%

Volatility (6M)

Calculated over the trailing 6-month period

40.59%

36.18%

+4.41%

Volatility (1Y)

Calculated over the trailing 1-year period

51.35%

44.61%

+6.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.22%

33.65%

+10.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

47.01%

34.19%

+12.82%

Dividends

KGC vs. XGD.TO - Dividend Comparison

KGC's dividend yield for the trailing twelve months is around 0.57%, less than XGD.TO's 0.64% yield.

PositionTTM20252024202320222021202020192018201720162015
KGC
Kinross Gold Corporation		0.57%0.44%1.29%1.98%2.93%2.69%0.82%0.00%0.00%0.00%0.00%0.00%
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

KGC and XGD.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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