MNT.TO vs. XSB.TO
MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - MNT.TO is a Gold fund, while XSB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Over the past 10 years, MNT.TO returned 13.12%/yr vs 1.98%/yr for XSB.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
MNT.TO vs. XSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MNT.TO achieves a -3.11% return, which is significantly lower than XSB.TO's 1.21% return. Over the past 10 years, MNT.TO has outperformed XSB.TO with an annualized return of 13.12%, while XSB.TO has yielded a comparatively lower 1.98% annualized return.
MNT.TO
- 1D
- 2.93%
- 1M
- -4.56%
- YTD
- -3.11%
- 6M
- -5.52%
- 1Y
- 21.36%
- 3Y*
- 33.28%
- 5Y*
- 21.68%
- 10Y*
- 13.12%
XSB.TO
- 1D
- 0.04%
- 1M
- 1.12%
- YTD
- 1.21%
- 6M
- 1.33%
- 1Y
- 3.34%
- 3Y*
- 4.92%
- 5Y*
- 2.11%
- 10Y*
- 1.98%
MNT.TO vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNT.TO Royal Canadian Mint - Canadian Gold Reserves | -3.11% | 61.23% | 44.81% | 3.61% | 10.52% | -10.51% | 26.14% | 13.47% | 5.87% | 5.52% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.21% | 3.70% | 5.87% | 4.67% | -4.04% | -1.11% | 5.20% | 3.20% | 1.60% | 0.13% |
Correlation
The correlation between MNT.TO and XSB.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2012 | 0.23 |
The correlation between MNT.TO and XSB.TO shifts across timeframes, from 0.13 (3 years) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MNT.TO vs. XSB.TO — Risk / Return Rank
MNT.TO
XSB.TO
MNT.TO vs. XSB.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 Canadian Short Term Bond Index ETF (XSB.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.TO | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.27 | -1.52 |
| Martin ratioReturn relative to average drawdown | 2.06 | 7.54 | -5.49 |
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Drawdowns
MNT.TO vs. XSB.TO - Drawdown Comparison
The maximum MNT.TO drawdown since its inception was -34.79%, which is greater than XSB.TO's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for MNT.TO and XSB.TO.
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Drawdown Indicators
| MNT.TO | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -8.65% | -26.14% |
Max Drawdown (1Y)Largest decline over 1 year | -28.55% | -1.47% | -27.08% |
Max Drawdown (3Y)Largest decline over 3 years | -28.55% | -1.47% | -27.08% |
Max Drawdown (5Y)Largest decline over 5 years | -28.55% | -6.99% | -21.56% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -8.65% | -24.93% |
Current DrawdownCurrent decline from peak | -22.78% | 0.00% | -22.78% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -0.79% | -15.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.42% | 0.44% | +9.98% |
Volatility
MNT.TO vs. XSB.TO - Volatility Comparison
Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) has a higher volatility of 8.43% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.71%. This indicates that MNT.TO's price experiences larger fluctuations and is considered to be riskier than XSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNT.TO | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 0.71% | +7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 25.97% | 1.61% | +24.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.93% | 2.01% | +28.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.53% | 2.72% | +17.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 3.40% | +16.29% |
Dividends
MNT.TO vs. XSB.TO - Dividend Comparison
MNT.TO has not paid dividends to shareholders, while XSB.TO's dividend yield for the trailing twelve months is around 3.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.10% | 3.15% | 3.05% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% |
Frequently Asked Questions
MNT.TO and XSB.TO have a correlation of 0.16, 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 XSB.TO is Canadian Government Bonds.
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