XAU.TO vs. AAAU
XAU.TO (Goldmoney Inc.) is a stock, while AAAU (Goldman Sachs Physical Gold ETF) is Gold fund tracking the LBMA Gold PM Price. Over the past 5 years, XAU.TO returned 2.20%/yr vs 21.16%/yr for AAAU. At a 0.23 correlation, their price movements are largely independent.
Performance
XAU.TO vs. AAAU - Performance Comparison
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Different Trading Currencies
XAU.TO is traded in CAD, while AAAU is traded in USD. To make them comparable, the AAAU values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XAU.TO achieves a 49.66% return, which is significantly higher than AAAU's 1.62% return.
XAU.TO
- 1D
- 0.71%
- 1M
- -3.64%
- YTD
- 49.66%
- 6M
- 41.01%
- 1Y
- 89.67%
- 3Y*
- 17.19%
- 5Y*
- 2.20%
- 10Y*
- -5.09%
AAAU
- 1D
- -3.44%
- 1M
- -5.96%
- YTD
- 1.62%
- 6M
- 3.55%
- 1Y
- 30.90%
- 3Y*
- 31.51%
- 5Y*
- 21.16%
- 10Y*
- —
XAU.TO vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XAU.TO Goldmoney Inc. | 49.66% | 35.45% | -1.41% | -7.57% | -14.65% | -19.84% | 32.09% | 9.10% | -36.20% |
AAAU Goldman Sachs Physical Gold ETF | 1.62% | 56.54% | 37.82% | 10.47% | 6.60% | -4.88% | 22.90% | 12.37% | 13.40% |
Correlation
The correlation between XAU.TO and AAAU is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.23 |
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Return for Risk
XAU.TO vs. AAAU — Risk / Return Rank
XAU.TO
AAAU
XAU.TO vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldmoney Inc. (XAU.TO) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| XAU.TO | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 1.77 | +2.15 |
| Martin ratioReturn relative to average drawdown | 7.42 | 4.34 | +3.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XAU.TO | AAAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.23 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 1.27 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 1.16 | -1.13 |
Drawdowns
XAU.TO vs. AAAU - Drawdown Comparison
The maximum XAU.TO drawdown since its inception was -83.39%, which is greater than AAAU's maximum drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for XAU.TO and AAAU.
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Drawdown Indicators
| XAU.TO | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.39% | -22.70% | -60.69% |
Max Drawdown (1Y)Largest decline over 1 year | -23.48% | -17.52% | -5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -34.85% | -17.52% | -17.33% |
Max Drawdown (5Y)Largest decline over 5 years | -57.00% | -17.52% | -39.48% |
Max Drawdown (10Y)Largest decline over 10 years | -83.39% | — | — |
Current DrawdownCurrent decline from peak | -59.81% | -17.52% | -42.29% |
Average DrawdownAverage peak-to-trough decline | -63.52% | -6.99% | -56.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.37% | 7.13% | +5.24% |
Volatility
XAU.TO vs. AAAU - Volatility Comparison
The current volatility for Goldmoney Inc. (XAU.TO) is 4.06%, while Goldman Sachs Physical Gold ETF (AAAU) has a volatility of 5.28%. This indicates that XAU.TO experiences smaller price fluctuations and is considered to be less risky than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAU.TO | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 5.28% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 29.28% | 21.85% | +7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 25.34% | +13.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.13% | 16.77% | +21.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.98% | 16.32% | +34.66% |
Dividends
XAU.TO vs. AAAU - Dividend Comparison
Neither XAU.TO nor AAAU has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XAU.TO Goldmoney Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% |
Frequently Asked Questions
XAU.TO and AAAU have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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