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

NEM vs. XGD.TO

Last updated Jun 13, 2026

NEM (Newmont 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, NEM returned 13.80%/yr vs 13.23%/yr for XGD.TO. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

NEM vs. XGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Newmont Corporation (NEM) 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

NEM 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, NEM achieves a 0.82% return, which is significantly higher than XGD.TO's -4.25% return. Both investments have delivered pretty close results over the past 10 years, with NEM having a 13.80% annualized return and XGD.TO not far behind at 13.23%.

NEM

1D
2.71%
1M
-15.55%
YTD
0.82%
6M
2.58%
1Y
81.14%
3Y*
36.14%
5Y*
10.51%
10Y*
13.80%

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)

NEM vs. XGD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NEM
Newmont Corporation		0.82%172.82%-7.83%-8.76%-20.77%7.40%40.28%30.52%-6.15%10.91%
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 NEM and XGD.TO is 0.89, 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

0.89

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

0.86

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

0.85

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

0.83

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

0.84

The correlation between NEM and XGD.TO has been stable across timeframes, ranging from 0.83 to 0.89 - 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.

Newmont Corporation

iShares S&P/TSX Global Gold Index ETF

Often compared with NEM:
NEM vs. GOLDNEM vs. AEMNEM vs. GDXNEM vs. GLDNEM vs. GDXJNEM vs. FNVNEM vs. AU
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

NEM vs. XGD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NEM
NEM Risk / Return Rank: 8282
Overall Rank
NEM Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
NEM Sortino Ratio Rank: 7878
Sortino Ratio Rank
NEM Omega Ratio Rank: 8080
Omega Ratio Rank
NEM Calmar Ratio Rank: 8282
Calmar Ratio Rank
NEM Martin Ratio Rank: 8484
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.

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

This table presents a comparison of risk-adjusted performance metrics for Newmont Corporation (NEM) 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.

NEMXGD.TODifference
Sharpe ratioReturn per unit of total volatility
1.73
1.26

+0.47

Sortino ratioReturn per unit of downside risk
2.08
1.67

+0.40

Omega ratioGain probability vs. loss probability

1.29

1.24

+0.05

Calmar ratioReturn relative to maximum drawdown

2.78

1.63

+1.15

Martin ratioReturn relative to average drawdown

7.58

4.60

+2.98

NEM vs. XGD.TO - Sharpe Ratio Comparison

The current NEM Sharpe Ratio is 1.73, which is higher than the XGD.TO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of NEM 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

NEM vs. XGD.TO - Drawdown Comparison

The maximum NEM drawdown since its inception was -81.30%, roughly equal to the maximum XGD.TO drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for NEM and XGD.TO.

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Drawdown Indicators

NEMXGD.TODifference

Max Drawdown

Largest peak-to-trough decline

-81.30%

-80.30%

-1.00%

Max Drawdown (1Y)

Largest decline over 1 year

-29.39%

-34.40%

+5.01%

Max Drawdown (3Y)

Largest decline over 3 years

-36.57%

-34.40%

-2.17%

Max Drawdown (5Y)

Largest decline over 5 years

-62.40%

-44.90%

-17.50%

Max Drawdown (10Y)

Largest decline over 10 years

-62.40%

-47.12%

-15.28%

Current Drawdown

Current decline from peak

-23.71%

-29.21%

+5.50%

Average Drawdown

Average peak-to-trough decline

-41.37%

-40.83%

-0.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.73%

12.14%

-1.41%

Volatility

NEM vs. XGD.TO - Volatility Comparison

Newmont Corporation (NEM) and iShares S&P/TSX Global Gold Index ETF (XGD.TO) have volatilities of 15.74% and 16.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NEMXGD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

15.74%

16.16%

-0.42%

Volatility (6M)

Calculated over the trailing 6-month period

37.43%

36.18%

+1.25%

Volatility (1Y)

Calculated over the trailing 1-year period

47.44%

44.61%

+2.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.99%

33.65%

+4.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.67%

34.19%

+1.48%

Dividends

NEM vs. XGD.TO - Dividend Comparison

NEM's dividend yield for the trailing twelve months is around 1.02%, more than XGD.TO's 0.64% yield.

PositionTTM20252024202320222021202020192018201720162015
NEM
Newmont Corporation		1.02%1.00%2.69%3.87%4.66%3.55%1.74%3.31%1.62%0.67%0.37%0.56%
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

NEM and XGD.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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