XBM.TO vs. GDX
Compare and contrast key facts about iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) and VanEck Vectors Gold Miners ETF (GDX).
XBM.TO and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBM.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Natural Resource NR CAD. It was launched on Apr 12, 2011. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both XBM.TO and GDX 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: XBM.TO or GDX.
Correlation
The correlation between XBM.TO and GDX is 0.19, 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
XBM.TO vs. GDX - Performance Comparison
Key characteristics
XBM.TO:
-0.52
GDX:
1.34
XBM.TO:
-0.60
GDX:
1.86
XBM.TO:
0.93
GDX:
1.24
XBM.TO:
-0.52
GDX:
1.01
XBM.TO:
-1.17
GDX:
4.78
XBM.TO:
16.79%
GDX:
9.31%
XBM.TO:
35.43%
GDX:
33.70%
XBM.TO:
-66.47%
GDX:
-80.57%
XBM.TO:
-25.18%
GDX:
-16.61%
Returns By Period
In the year-to-date period, XBM.TO achieves a -8.53% return, which is significantly lower than GDX's 44.15% return. Over the past 10 years, XBM.TO has underperformed GDX with an annualized return of 5.85%, while GDX has yielded a comparatively higher 10.45% annualized return.
XBM.TO
-8.53%
19.60%
-21.11%
-18.35%
19.04%
5.85%
GDX
44.15%
17.78%
24.98%
44.77%
8.47%
10.45%
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XBM.TO vs. GDX - Expense Ratio Comparison
XBM.TO has a 0.60% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
XBM.TO vs. GDX — Risk-Adjusted Performance Rank
XBM.TO
GDX
XBM.TO vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) and VanEck Vectors Gold Miners ETF (GDX). 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
XBM.TO vs. GDX - Dividend Comparison
XBM.TO's dividend yield for the trailing twelve months is around 1.37%, more than GDX's 0.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBM.TO iShares S&P/TSX Global Base Metals Index ETF | 1.37% | 1.25% | 2.09% | 4.83% | 3.01% | 1.75% | 3.60% | 3.32% | 1.58% | 2.35% | 5.52% | 3.29% |
GDX VanEck Vectors Gold Miners ETF | 0.82% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
XBM.TO vs. GDX - Drawdown Comparison
The maximum XBM.TO drawdown since its inception was -66.47%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for XBM.TO and GDX. For additional features, visit the drawdowns tool.
Volatility
XBM.TO vs. GDX - Volatility Comparison
iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) has a higher volatility of 16.21% compared to VanEck Vectors Gold Miners ETF (GDX) at 14.45%. This indicates that XBM.TO's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.