XBB.TO vs. GLD
Compare and contrast key facts about iShares Core Canadian Universe Bond Index ETF (XBB.TO) and SPDR Gold Trust (GLD).
XBB.TO and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Core Bd GR CAD. It was launched on Nov 20, 2000. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both XBB.TO and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBB.TO or GLD.
Key characteristics
XBB.TO | GLD | |
---|---|---|
YTD Return | 4.11% | 24.15% |
1Y Return | 11.11% | 32.30% |
3Y Return (Ann) | -0.53% | 13.22% |
5Y Return (Ann) | 0.65% | 10.97% |
10Y Return (Ann) | 2.17% | 7.34% |
Sharpe Ratio | 1.69 | 2.29 |
Daily Std Dev | 6.59% | 14.43% |
Max Drawdown | -18.16% | -45.56% |
Current Drawdown | -5.20% | -0.56% |
Correlation
The correlation between XBB.TO and GLD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XBB.TO vs. GLD - Performance Comparison
In the year-to-date period, XBB.TO achieves a 4.11% return, which is significantly lower than GLD's 24.15% return. Over the past 10 years, XBB.TO has underperformed GLD with an annualized return of 2.17%, while GLD has yielded a comparatively higher 7.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBB.TO vs. GLD - Expense Ratio Comparison
XBB.TO has a 0.10% expense ratio, which is lower than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
XBB.TO vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Universe Bond Index ETF (XBB.TO) and SPDR Gold Trust (GLD). 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.
Dividends
XBB.TO vs. GLD - Dividend Comparison
XBB.TO's dividend yield for the trailing twelve months is around 3.13%, while GLD has not paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
iShares Core Canadian Universe Bond Index ETF | 3.13% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% | 3.04% | 3.32% |
SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XBB.TO vs. GLD - Drawdown Comparison
The maximum XBB.TO drawdown since its inception was -18.16%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for XBB.TO and GLD. For additional features, visit the drawdowns tool.
Volatility
XBB.TO vs. GLD - Volatility Comparison
The current volatility for iShares Core Canadian Universe Bond Index ETF (XBB.TO) is 2.01%, while SPDR Gold Trust (GLD) has a volatility of 3.29%. This indicates that XBB.TO experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.