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XGD.TO vs. DPM.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XGD.TO vs. DPM.TO

Last updated Jun 26, 2026

XGD.TO (iShares S&P/TSX Global Gold Index ETF) is Gold fund tracking the S&P/TSX Global Gold Index, while DPM.TO (Dundee Precious Metals Inc.) is a stock. Over the past 10 years, XGD.TO returned 12.82%/yr vs 32.50%/yr for DPM.TO. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

XGD.TO vs. DPM.TO - 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 Dundee Precious Metals Inc. (DPM.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XGD.TO achieves a -5.99% return, which is significantly lower than DPM.TO's 6.05% return. Over the past 10 years, XGD.TO has underperformed DPM.TO with an annualized return of 12.82%, while DPM.TO has yielded a comparatively higher 32.50% annualized return.

XGD.TO

1D
1.19%
1M
-12.14%
YTD
-5.99%
6M
-9.97%
1Y
54.75%
3Y*
41.93%
5Y*
22.59%
10Y*
12.82%

DPM.TO

1D
0.56%
1M
-5.41%
YTD
6.05%
6M
4.07%
1Y
114.41%
3Y*
74.87%
5Y*
45.47%
10Y*
32.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XGD.TO vs. DPM.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XGD.TO
iShares S&P/TSX Global Gold Index ETF		-5.99%144.45%19.63%3.91%-3.13%-5.81%21.10%40.18%-4.10%0.96%
DPM.TO
Dundee Precious Metals Inc.		6.05%228.15%56.69%33.46%-14.25%-13.18%66.57%55.00%20.00%33.33%

Correlation

The correlation between XGD.TO and DPM.TO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.76

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.72

Correlation (10Y)
Calculated over the trailing 10-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Jul 25, 2006

0.58

The correlation between XGD.TO and DPM.TO shifts across timeframes, from 0.58 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Global Gold Index ETF

Dundee Precious Metals Inc.

Often compared with XGD.TO:
XGD.TO vs. CGL.TOXGD.TO vs. GLDXGD.TO vs. ZGD.TOXGD.TO vs. MNT.TOXGD.TO vs. BRK-BXGD.TO vs. ZGLD.TOXGD.TO vs. ZGLD.SW
Often compared with DPM.TO:
DPM.TO vs. K.TODPM.TO vs. BTO.TODPM.TO vs. EQX.TODPM.TO vs. NGD.TODPM.TO vs. ^TNXDPM.TO vs. VFV.TODPM.TO vs. BILS

Return for Risk

XGD.TO vs. DPM.TO — 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: 3636
Overall Rank
XGD.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
XGD.TO Sortino Ratio Rank: 3434
Sortino Ratio Rank
XGD.TO Omega Ratio Rank: 3838
Omega Ratio Rank
XGD.TO Calmar Ratio Rank: 3737
Calmar Ratio Rank
XGD.TO Martin Ratio Rank: 3333
Martin Ratio Rank
DPM.TO
DPM.TO Risk / Return Rank: 8989
Overall Rank
DPM.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DPM.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
DPM.TO Omega Ratio Rank: 8787
Omega Ratio Rank
DPM.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
DPM.TO Martin Ratio Rank: 8888
Martin Ratio Rank
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. DPM.TO - 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 Dundee Precious Metals Inc. (DPM.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.

XGD.TODPM.TODifference
Sharpe ratioReturn per unit of total volatility
1.22
2.37

-1.15

Sortino ratioReturn per unit of downside risk
1.64
2.64

-1.00

Omega ratioGain probability vs. loss probability

1.23

1.36

-0.13

Calmar ratioReturn relative to maximum drawdown

1.66

3.66

-2.00

Martin ratioReturn relative to average drawdown

4.26

9.47

-5.21

XGD.TO vs. DPM.TO - Sharpe Ratio Comparison

The current XGD.TO Sharpe Ratio is 1.22, which is lower than the DPM.TO Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of XGD.TO and DPM.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XGD.TO vs. DPM.TO - Drawdown Comparison

The maximum XGD.TO drawdown since its inception was -72.56%, smaller than the maximum DPM.TO drawdown of -93.15%. Use the drawdown chart below to compare losses from any high point for XGD.TO and DPM.TO.

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Drawdown Indicators

XGD.TODPM.TODifference

Max Drawdown

Largest peak-to-trough decline

-72.56%

-93.15%

+20.59%

Max Drawdown (1Y)

Largest decline over 1 year

-33.06%

-31.44%

-1.62%

Max Drawdown (3Y)

Largest decline over 3 years

-33.06%

-31.44%

-1.62%

Max Drawdown (5Y)

Largest decline over 5 years

-40.82%

-42.12%

+1.30%

Max Drawdown (10Y)

Largest decline over 10 years

-46.96%

-51.96%

+5.00%

Current Drawdown

Current decline from peak

-30.40%

-24.24%

-6.16%

Average Drawdown

Average peak-to-trough decline

-31.93%

-46.88%

+14.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.88%

12.12%

+0.76%

Volatility

XGD.TO vs. DPM.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Global Gold Index ETF (XGD.TO) is 16.41%, while Dundee Precious Metals Inc. (DPM.TO) has a volatility of 20.05%. This indicates that XGD.TO experiences smaller price fluctuations and is considered to be less risky than DPM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XGD.TODPM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.41%

20.05%

-3.64%

Volatility (6M)

Calculated over the trailing 6-month period

36.99%

41.06%

-4.07%

Volatility (1Y)

Calculated over the trailing 1-year period

45.20%

48.53%

-3.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.17%

39.11%

-5.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.57%

47.37%

-13.80%

Dividends

XGD.TO vs. DPM.TO - Dividend Comparison

XGD.TO's dividend yield for the trailing twelve months is around 0.88%, more than DPM.TO's 0.49% yield.

PositionTTM20252024202320222021202020192018201720162015
DPM.TO
Dundee Precious Metals Inc.		0.49%0.52%1.69%2.52%2.90%1.53%1.23%0.00%0.00%0.00%0.00%0.00%
XGD.TO
iShares S&P/TSX Global Gold Index ETF		0.88%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

XGD.TO and DPM.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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