XGD.TO vs. BRK-B

Last updated Jun 4, 2026

XGD.TO (iShares S&P/TSX Global Gold Index ETF) is Precious Metals fund tracking the Morningstar Gbl Gold GR CAD, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, XGD.TO returned 14.79%/yr vs 13.59%/yr for BRK-B. At a correlation of -0.06, they often move in opposite directions.

Performance

XGD.TO vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Global Gold Index ETF (XGD.TO) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XGD.TO is traded in CAD, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XGD.TO achieves a 3.35% return, which is significantly higher than BRK-B's -5.39% return. Over the past 10 years, XGD.TO has outperformed BRK-B with an annualized return of 14.79%, while BRK-B has yielded a comparatively lower 13.59% annualized return.

XGD.TO

• 1D: -2.80%
• 1M: 1.62%
• YTD: 3.35%
• 6M: 8.72%
• 1Y: 67.78%
• 3Y*: 43.11%
• 5Y*: 22.30%
• 10Y*: 14.79%

BRK-B

• 1D: 0.00%
• 1M: 2.23%
• YTD: -5.39%
• 6M: -7.11%
• 1Y: -4.45%
• 3Y*: 13.85%
• 5Y*: 13.07%
• 10Y*: 13.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XGD.TO vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XGD.TO iShares S&P/TSX Global Gold Index ETF	3.35%	144.45%	19.63%	3.91%	-3.10%	-5.81%	21.10%	40.18%	-4.10%	0.96%
BRK-B Berkshire Hathaway Inc.	-4.22%	5.81%	38.01%	12.92%	10.67%	27.79%	0.64%	5.48%	11.74%	13.88%

Correlation

The correlation between XGD.TO and BRK-B is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (10Y) Calculated over the trailing 10-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	-0.06

Return for Risk

XGD.TO vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XGD.TO

XGD.TO Risk / Return Rank: 42
XGD.TO Sharpe Ratio Rank: 45
XGD.TO Sortino Ratio Rank: 37
XGD.TO Omega Ratio Rank: 43
XGD.TO Calmar Ratio Rank: 47
XGD.TO Martin Ratio Rank: 39

BRK-B

BRK-B Risk / Return Rank: 23
BRK-B Sharpe Ratio Rank: 27
BRK-B Sortino Ratio Rank: 22
BRK-B Omega Ratio Rank: 23
BRK-B Calmar Ratio Rank: 24
BRK-B Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XGD.TO vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Global Gold Index ETF (XGD.TO) and Berkshire Hathaway Inc. (BRK-B). 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.

	XGD.TO	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	1.59	-0.30	+1.89
Sortino ratio Return per unit of downside risk	1.97	-0.31	+2.28
Omega ratio Gain probability vs. loss probability	1.28	0.96	+0.32
Calmar ratio Return relative to maximum drawdown	2.35	-0.37	+2.73
Martin ratio Return relative to average drawdown	6.22	-0.80	+7.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XGD.TO vs. BRK-B - Sharpe Ratio Comparison

The current XGD.TO Sharpe Ratio is 1.59, which is higher than the BRK-B Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of XGD.TO and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XGD.TO	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	-0.30	+1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.82	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.74	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.83	-0.58

Drawdowns

XGD.TO vs. BRK-B - Drawdown Comparison

The maximum XGD.TO drawdown since its inception was -72.55%, which is greater than BRK-B's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for XGD.TO and BRK-B.

Drawdown Indicators

	XGD.TO	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-72.55%	-22.96%	-49.59%
Max Drawdown (1Y) Largest decline over 1 year	-28.95%	-11.97%	-16.98%
Max Drawdown (3Y) Largest decline over 3 years	-28.95%	-17.44%	-11.51%
Max Drawdown (5Y) Largest decline over 5 years	-40.82%	-22.78%	-18.04%
Max Drawdown (10Y) Largest decline over 10 years	-46.96%	-22.96%	-24.00%
Current Drawdown Current decline from peak	-23.49%	-14.83%	-8.66%
Average Drawdown Average peak-to-trough decline	-28.30%	-5.29%	-23.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.93%	5.65%	+5.28%

Volatility

XGD.TO vs. BRK-B - Volatility Comparison

iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a higher volatility of 14.43% compared to Berkshire Hathaway Inc. (BRK-B) at 3.83%. This indicates that XGD.TO's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGD.TO	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.43%	3.83%	+10.60%
Volatility (6M) Calculated over the trailing 6-month period	34.40%	11.43%	+22.97%
Volatility (1Y) Calculated over the trailing 1-year period	42.86%	15.08%	+27.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.64%	16.09%	+16.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.38%	18.31%	+15.07%

Dividends

XGD.TO vs. BRK-B - Dividend Comparison

XGD.TO's dividend yield for the trailing twelve months is around 0.60%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XGD.TO iShares S&P/TSX Global Gold Index ETF	0.60%	0.62%	0.93%	1.49%	1.80%	1.38%	0.35%	0.54%	0.25%	0.14%	0.09%	0.57%

Frequently Asked Questions

Can I hold both XGD.TO and BRK-B in my portfolio?

XGD.TO and BRK-B have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.