XGD.TO vs. GLD
Compare and contrast key facts about iShares S&P/TSX Global Gold Index ETF (XGD.TO) and SPDR Gold Trust (GLD).
XGD.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. XGD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Gold GR CAD. It was launched on Mar 23, 2001. 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 XGD.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: XGD.TO or GLD.
Correlation
The correlation between XGD.TO and GLD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XGD.TO vs. GLD - Performance Comparison
Key characteristics
XGD.TO:
0.71
GLD:
1.81
XGD.TO:
1.12
GLD:
2.42
XGD.TO:
1.14
GLD:
1.32
XGD.TO:
0.49
GLD:
3.35
XGD.TO:
2.40
GLD:
9.45
XGD.TO:
8.20%
GLD:
2.88%
XGD.TO:
27.67%
GLD:
15.03%
XGD.TO:
-72.55%
GLD:
-45.56%
XGD.TO:
-18.01%
GLD:
-6.42%
Returns By Period
In the year-to-date period, XGD.TO achieves a 21.12% return, which is significantly lower than GLD's 26.04% return. Over the past 10 years, XGD.TO has outperformed GLD with an annualized return of 10.22%, while GLD has yielded a comparatively lower 7.71% annualized return.
XGD.TO
21.12%
-6.62%
8.00%
18.65%
7.02%
10.22%
GLD
26.04%
-3.55%
11.75%
26.64%
11.30%
7.71%
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XGD.TO vs. GLD - Expense Ratio Comparison
XGD.TO has a 0.61% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
XGD.TO vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Global Gold Index ETF (XGD.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
XGD.TO vs. GLD - Dividend Comparison
XGD.TO's dividend yield for the trailing twelve months is around 0.93%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.93% | 1.49% | 1.80% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.09% | 0.57% | 0.68% | 1.71% |
GLD 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
XGD.TO vs. GLD - Drawdown Comparison
The maximum XGD.TO drawdown since its inception was -72.55%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for XGD.TO and GLD. For additional features, visit the drawdowns tool.
Volatility
XGD.TO vs. GLD - Volatility Comparison
iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a higher volatility of 8.98% compared to SPDR Gold Trust (GLD) at 4.93%. This indicates that XGD.TO's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.