MNT.TO vs. XGD.TO
Compare and contrast key facts about Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and iShares S&P/TSX Global Gold Index ETF (XGD.TO).
MNT.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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNT.TO or XGD.TO.
Correlation
The correlation between MNT.TO and XGD.TO is 0.63, 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.
Performance
MNT.TO vs. XGD.TO - Performance Comparison
Key characteristics
MNT.TO:
2.92
XGD.TO:
0.71
MNT.TO:
3.69
XGD.TO:
1.12
MNT.TO:
1.51
XGD.TO:
1.14
MNT.TO:
2.60
XGD.TO:
0.49
MNT.TO:
23.24
XGD.TO:
2.40
MNT.TO:
2.02%
XGD.TO:
8.20%
MNT.TO:
16.12%
XGD.TO:
27.67%
MNT.TO:
-34.79%
XGD.TO:
-72.55%
MNT.TO:
-1.50%
XGD.TO:
-18.01%
Returns By Period
In the year-to-date period, MNT.TO achieves a 46.00% return, which is significantly higher than XGD.TO's 21.12% return. Both investments have delivered pretty close results over the past 10 years, with MNT.TO having a 10.54% annualized return and XGD.TO not far behind at 10.22%.
MNT.TO
46.00%
0.56%
22.31%
47.03%
13.50%
10.54%
XGD.TO
21.12%
-6.62%
8.00%
18.65%
7.02%
10.22%
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MNT.TO vs. XGD.TO - Expense Ratio Comparison
Risk-Adjusted Performance
MNT.TO vs. XGD.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.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.
Dividends
MNT.TO vs. XGD.TO - Dividend Comparison
MNT.TO has not paid dividends to shareholders, while XGD.TO's dividend yield for the trailing twelve months is around 0.93%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.93% | 1.49% | 1.80% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.09% | 0.57% | 0.68% | 1.71% |
Drawdowns
MNT.TO vs. XGD.TO - Drawdown Comparison
The maximum MNT.TO drawdown since its inception was -34.79%, smaller than the maximum XGD.TO drawdown of -72.55%. Use the drawdown chart below to compare losses from any high point for MNT.TO and XGD.TO. For additional features, visit the drawdowns tool.
Volatility
MNT.TO vs. XGD.TO - Volatility Comparison
The current volatility for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) is 4.23%, while iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a volatility of 8.51%. This indicates that MNT.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.