PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MNT.TO vs. XBAL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MNT.TO vs. XBAL.TO

Last updated Jun 13, 2026

MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) and XBAL.TO (iShares Core Balanced ETF Portfolio) are both exchange-traded funds - MNT.TO is a Gold fund, while XBAL.TO is a Diversified Portfolio fund actively managed by iShares. Over the past 10 years, MNT.TO returned 12.87%/yr vs 7.66%/yr for XBAL.TO. At a 0.01 correlation, their price movements are largely independent.

Performance

MNT.TO vs. XBAL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and iShares Core Balanced ETF Portfolio (XBAL.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MNT.TO achieves a -5.87% return, which is significantly lower than XBAL.TO's 7.90% return. Over the past 10 years, MNT.TO has outperformed XBAL.TO with an annualized return of 12.87%, while XBAL.TO has yielded a comparatively lower 7.66% annualized return.

MNT.TO

1D
1.07%
1M
-10.48%
YTD
-5.87%
6M
-7.90%
1Y
21.05%
3Y*
32.02%
5Y*
20.37%
10Y*
12.87%

XBAL.TO

1D
0.53%
1M
2.14%
YTD
7.90%
6M
6.86%
1Y
17.15%
3Y*
14.22%
5Y*
8.02%
10Y*
7.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MNT.TO vs. XBAL.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MNT.TO
Royal Canadian Mint - Canadian Gold Reserves		-5.87%61.23%44.81%3.61%10.52%-10.51%26.14%13.47%5.87%5.52%
XBAL.TO
iShares Core Balanced ETF Portfolio		7.90%11.90%15.80%13.05%-11.16%10.16%10.73%15.34%-2.73%5.55%

Correlation

The correlation between MNT.TO and XBAL.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.23

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

0.10

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

0.06

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

0.01

Correlation (All Time)
Calculated using the full available price history since Feb 13, 2012

0.01

Over the past year, MNT.TO and XBAL.TO have become more correlated (0.23) than their long-term average of 0.01, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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

Royal Canadian Mint - Canadian Gold Reserves

iShares Core Balanced ETF Portfolio

Often compared with MNT.TO:
MNT.TO vs. KILO.TOMNT.TO vs. CGL-C.TOMNT.TO vs. PHYS.TOMNT.TO vs. XGD.TOMNT.TO vs. CGL.TOMNT.TO vs. ZGLD.TOMNT.TO vs. GLDM
Often compared with XBAL.TO:
XBAL.TO vs. XEQT.TOXBAL.TO vs. VBAL.TOXBAL.TO vs. XCNS.TOXBAL.TO vs. XEI.TOXBAL.TO vs. ZBAL.TOXBAL.TO vs. ZLB.TOXBAL.TO vs. GBAL.TO

Return for Risk

MNT.TO vs. XBAL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MNT.TO
MNT.TO Risk / Return Rank: 2222
Overall Rank
MNT.TO Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
MNT.TO Sortino Ratio Rank: 2222
Sortino Ratio Rank
MNT.TO Omega Ratio Rank: 2525
Omega Ratio Rank
MNT.TO Calmar Ratio Rank: 2020
Calmar Ratio Rank
MNT.TO Martin Ratio Rank: 2020
Martin Ratio Rank
XBAL.TO
XBAL.TO Risk / Return Rank: 7070
Overall Rank
XBAL.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
XBAL.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
XBAL.TO Omega Ratio Rank: 7272
Omega Ratio Rank
XBAL.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
XBAL.TO Martin Ratio Rank: 7373
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.

MNT.TO vs. XBAL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and iShares Core Balanced ETF Portfolio (XBAL.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.

MNT.TOXBAL.TODifference
Sharpe ratioReturn per unit of total volatility
0.69
1.97

-1.28

Sortino ratioReturn per unit of downside risk
1.10
2.76

-1.66

Omega ratioGain probability vs. loss probability

1.15

1.36

-0.21

Calmar ratioReturn relative to maximum drawdown

0.74

2.84

-2.10

Martin ratioReturn relative to average drawdown

2.05

11.82

-9.78

MNT.TO vs. XBAL.TO - Sharpe Ratio Comparison

The current MNT.TO Sharpe Ratio is 0.69, which is lower than the XBAL.TO Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of MNT.TO and XBAL.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.

Loading charts...

Drawdowns

MNT.TO vs. XBAL.TO - Drawdown Comparison

The maximum MNT.TO drawdown since its inception was -34.79%, which is greater than XBAL.TO's maximum drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for MNT.TO and XBAL.TO.

Loading charts...

Drawdown Indicators

MNT.TOXBAL.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.79%

-28.55%

-6.24%

Max Drawdown (1Y)

Largest decline over 1 year

-28.55%

-6.06%

-22.49%

Max Drawdown (3Y)

Largest decline over 3 years

-28.55%

-9.34%

-19.21%

Max Drawdown (5Y)

Largest decline over 5 years

-28.55%

-17.10%

-11.45%

Max Drawdown (10Y)

Largest decline over 10 years

-33.58%

-20.93%

-12.65%

Current Drawdown

Current decline from peak

-24.98%

-0.36%

-24.62%

Average Drawdown

Average peak-to-trough decline

-15.85%

-3.35%

-12.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.32%

1.46%

+8.86%

Volatility

MNT.TO vs. XBAL.TO - Volatility Comparison

Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) has a higher volatility of 7.78% compared to iShares Core Balanced ETF Portfolio (XBAL.TO) at 3.49%. This indicates that MNT.TO's price experiences larger fluctuations and is considered to be riskier than XBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

MNT.TOXBAL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.78%

3.49%

+4.29%

Volatility (6M)

Calculated over the trailing 6-month period

25.95%

7.46%

+18.49%

Volatility (1Y)

Calculated over the trailing 1-year period

30.85%

8.76%

+22.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.49%

8.84%

+11.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.66%

9.78%

+9.88%

Dividends

MNT.TO vs. XBAL.TO - Dividend Comparison

MNT.TO has not paid dividends to shareholders, while XBAL.TO's dividend yield for the trailing twelve months is around 2.11%.

PositionTTM20252024202320222021202020192018201720162015
MNT.TO
Royal Canadian Mint - Canadian Gold Reserves		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XBAL.TO
iShares Core Balanced ETF Portfolio		2.11%2.27%2.72%2.43%2.12%1.78%2.04%2.31%3.47%3.00%3.72%3.38%

Frequently Asked Questions

MNT.TO and XBAL.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MNT.TO is categorized as Gold, while XBAL.TO is Diversified Portfolio.

Portfolio Optimizer

Find the right allocation for MNT.TO and XBAL.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer