VIDY.TO vs. XGD.TO
VIDY.TO (Vanguard FTSE Developed ex North America High Dividend Yield Index ETF) and XGD.TO (iShares S&P/TSX Global Gold Index ETF) are both exchange-traded funds - VIDY.TO is a Foreign Large Cap Equities fund tracking the FTSE Developed ex North America High Dividend Yield Index, while XGD.TO is a Gold fund tracking the S&P/TSX Global Gold Index. Both are passively managed. Over the past 5 years, VIDY.TO returned 16.44%/yr vs 22.15%/yr for XGD.TO. At a 0.20 correlation, their price movements are largely independent. VIDY.TO charges 0.31%/yr vs 0.61%/yr for XGD.TO.
Performance
VIDY.TO vs. XGD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VIDY.TO achieves a 17.58% return, which is significantly higher than XGD.TO's -7.98% return.
VIDY.TO
- 1D
- 0.98%
- 1M
- 3.97%
- 6M
- 13.54%
- YTD
- 17.58%
- 1Y
- 31.61%
- 3Y*
- 23.05%
- 5Y*
- 16.44%
- 10Y*
- —
- ALL TIME*
- 11.96%
XGD.TO
- 1D
- 0.24%
- 1M
- -0.94%
- 6M
- -25.75%
- YTD
- -7.98%
- 1Y
- 47.41%
- 3Y*
- 38.42%
- 5Y*
- 22.15%
- 10Y*
- 12.09%
- ALL TIME*
- 5.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.96M | CA$2.16M | CA$2.22M | |
| CA$16.33M | CA$17.63M | CA$21.80M |
VIDY.TO vs. XGD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VIDY.TO Vanguard FTSE Developed ex North America High Dividend Yield Index ETF | 17.58% | 35.07% | 11.97% | 15.46% | 1.57% | 14.26% | -2.63% | 12.64% | -6.56% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | -7.98% | 144.45% | 19.63% | 3.91% | -3.13% | -5.81% | 21.10% | 40.18% | 15.21% |
Correlation
The correlation between VIDY.TO and XGD.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018 | 0.20 |
Over the past year, VIDY.TO and XGD.TO have become more correlated (0.49) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
VIDY.TO vs. XGD.TO — Risk / Return Rank
VIDY.TO
XGD.TO
VIDY.TO vs. XGD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.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.
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.
| VIDY.TO | XGD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.20 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.32 | +1.71 |
| Martin ratioReturn relative to average drawdown | 11.68 | 3.04 | +8.64 |
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Drawdowns
VIDY.TO vs. XGD.TO - Drawdown Comparison
The maximum VIDY.TO drawdown since its inception was -31.99%, smaller than the maximum XGD.TO drawdown of -72.56%. Use the drawdown chart below to compare losses from any high point for VIDY.TO and XGD.TO.
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Drawdown Indicators
| VIDY.TO | XGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.99% | -72.56% | +40.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -36.01% | +25.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -36.01% | +22.12% |
Max Drawdown (5Y)Largest decline over 5 years | -19.01% | -40.82% | +21.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.96% | — |
Current DrawdownCurrent decline from peak | -0.11% | -31.87% | +31.76% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -32.04% | +27.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 15.65% | -12.94% |
Volatility
VIDY.TO vs. XGD.TO - Volatility Comparison
The current volatility for Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.TO) is 3.19%, while iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a volatility of 10.85%. This indicates that VIDY.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.
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Volatility by Period
| VIDY.TO | XGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 10.85% | -7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 37.17% | -26.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 45.71% | -32.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.53% | 33.41% | -19.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 33.53% | -17.15% |
VIDY.TO vs. XGD.TO - Expense Ratio Comparison
VIDY.TO has a 0.31% expense ratio, which is lower than XGD.TO's 0.61% expense ratio.
Dividends
VIDY.TO vs. XGD.TO - Dividend Comparison
VIDY.TO's dividend yield for the trailing twelve months is around 2.87%, more than XGD.TO's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIDY.TO Vanguard FTSE Developed ex North America High Dividend Yield Index ETF | 2.87% | 2.80% | 3.64% | 3.91% | 4.39% | 3.30% | 3.36% | 3.37% | 0.02% | 0.00% | 0.00% | 0.00% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.89% | 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
VIDY.TO and XGD.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VIDY.TO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VIDY.TO is cheaper with a 0.31% expense ratio, compared with 0.61% for XGD.TO.
VIDY.TO is categorized as Foreign Large Cap Equities, while XGD.TO is Gold. VIDY.TO tracks FTSE Developed ex North America High Dividend Yield Index, while XGD.TO tracks S&P/TSX Global Gold Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.31% for VIDY.TO and 0.61% for XGD.TO.
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