RGPM.NEO vs. GLDX.TO
RGPM.NEO (RBC Global Precious Metals Fund) and GLDX.TO (Global X Gold Producers Index ETF) are both exchange-traded funds - RGPM.NEO is a Precious Metals fund actively managed by RBC Global Asset Management., while GLDX.TO is a Gold fund tracking the Mirae Asset North American Listed Gold Producers Index. RGPM.NEO is actively managed, while GLDX.TO is passively managed. Over the past year, RGPM.NEO returned 47.81% vs 58.42% for GLDX.TO. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
RGPM.NEO vs. GLDX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RGPM.NEO achieves a -8.76% return, which is significantly higher than GLDX.TO's -10.40% return.
RGPM.NEO
- 1D
- 1.05%
- 1M
- -12.86%
- YTD
- -8.76%
- 6M
- -11.07%
- 1Y
- 47.81%
- 3Y*
- 42.86%
- 5Y*
- —
- 10Y*
- —
GLDX.TO
- 1D
- 1.71%
- 1M
- -13.29%
- YTD
- -10.40%
- 6M
- -13.70%
- 1Y
- 58.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RGPM.NEO vs. GLDX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RGPM.NEO RBC Global Precious Metals Fund | -8.76% | 143.89% | -9.19% |
GLDX.TO Global X Gold Producers Index ETF | -10.40% | 178.05% | -10.27% |
Correlation
The correlation between RGPM.NEO and GLDX.TO is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.85 |
The correlation between RGPM.NEO and GLDX.TO has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
RGPM.NEO vs. GLDX.TO — Risk / Return Rank
RGPM.NEO
GLDX.TO
RGPM.NEO vs. GLDX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Global Precious Metals Fund (RGPM.NEO) and Global X Gold Producers Index ETF (GLDX.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.
| RGPM.NEO | GLDX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.67 | -0.23 |
| Martin ratioReturn relative to average drawdown | 3.74 | 4.25 | -0.51 |
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Drawdowns
RGPM.NEO vs. GLDX.TO - Drawdown Comparison
The maximum RGPM.NEO drawdown since its inception was -33.65%, roughly equal to the maximum GLDX.TO drawdown of -35.22%. Use the drawdown chart below to compare losses from any high point for RGPM.NEO and GLDX.TO.
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Drawdown Indicators
| RGPM.NEO | GLDX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -35.22% | +1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -33.65% | -35.22% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -33.65% | — | — |
Current DrawdownCurrent decline from peak | -31.44% | -32.92% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -7.45% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.85% | 13.78% | -0.93% |
Volatility
RGPM.NEO vs. GLDX.TO - Volatility Comparison
RBC Global Precious Metals Fund (RGPM.NEO) and Global X Gold Producers Index ETF (GLDX.TO) have volatilities of 17.44% and 17.00%, 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
| RGPM.NEO | GLDX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.44% | 17.00% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 38.66% | 38.89% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.85% | 48.32% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.69% | 44.57% | -10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.69% | 44.57% | -10.88% |
Dividends
RGPM.NEO vs. GLDX.TO - Dividend Comparison
RGPM.NEO has not paid dividends to shareholders, while GLDX.TO's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | 1.08% | 0.97% | 0.08% |
RGPM.NEO RBC Global Precious Metals Fund | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, RGPM.NEO and GLDX.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RGPM.NEO is categorized as Precious Metals, while GLDX.TO is Gold. They also come from different issuers: RBC Global Asset Management. and Global X.
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