XGD.TO vs. HGGG.TO
XGD.TO (iShares S&P/TSX Global Gold Index ETF) and HGGG.TO (Harvest Global Gold Giants Index ETF) are both Gold funds - XGD.TO tracks the S&P/TSX Global Gold Index while HGGG.TO tracks the Solactive Global Gold Giants Index TR. Both are passively managed. Over the past 5 years, XGD.TO returned 23.14%/yr vs 24.99%/yr for HGGG.TO. A 0.66 correlation means they provide meaningful diversification when combined. XGD.TO charges 0.61%/yr vs 0.40%/yr for HGGG.TO.
Performance
XGD.TO vs. HGGG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XGD.TO achieves a -3.25% return, which is significantly higher than HGGG.TO's -7.80% return.
XGD.TO
- 1D
- -3.91%
- 1M
- -6.09%
- YTD
- -3.25%
- 6M
- -7.99%
- 1Y
- 55.56%
- 3Y*
- 43.50%
- 5Y*
- 23.14%
- 10Y*
- 13.37%
HGGG.TO
- 1D
- -3.72%
- 1M
- -4.70%
- YTD
- -7.80%
- 6M
- -11.38%
- 1Y
- 62.40%
- 3Y*
- 48.40%
- 5Y*
- 24.99%
- 10Y*
- —
XGD.TO vs. HGGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XGD.TO iShares S&P/TSX Global Gold Index ETF | -3.25% | 144.45% | 19.63% | 3.91% | -3.13% | -5.81% | 21.10% | 47.49% |
HGGG.TO Harvest Global Gold Giants Index ETF | -7.80% | 170.60% | 26.04% | 4.17% | -4.68% | -15.67% | 31.47% | 24.47% |
Correlation
The correlation between XGD.TO and HGGG.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.66 |
Over the past year, XGD.TO and HGGG.TO have become more correlated (0.88) than their long-term average of 0.66, meaning their price movements have been converging.
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Return for Risk
XGD.TO vs. HGGG.TO — Risk / Return Rank
XGD.TO
HGGG.TO
XGD.TO vs. HGGG.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 Harvest Global Gold Giants Index ETF (HGGG.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.TO | HGGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.73 | -0.04 |
| Martin ratioReturn relative to average drawdown | 4.43 | 4.52 | -0.09 |
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Drawdowns
XGD.TO vs. HGGG.TO - Drawdown Comparison
The maximum XGD.TO drawdown since its inception was -72.56%, which is greater than HGGG.TO's maximum drawdown of -52.29%. Use the drawdown chart below to compare losses from any high point for XGD.TO and HGGG.TO.
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Drawdown Indicators
| XGD.TO | HGGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.56% | -52.29% | -20.27% |
Max Drawdown (1Y)Largest decline over 1 year | -33.06% | -36.32% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -33.06% | -36.32% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -39.14% | -1.68% |
Max Drawdown (10Y)Largest decline over 10 years | -46.96% | — | — |
Current DrawdownCurrent decline from peak | -28.37% | -30.86% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -31.91% | -20.53% | -11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.59% | 13.85% | -1.26% |
Volatility
XGD.TO vs. HGGG.TO - Volatility Comparison
iShares S&P/TSX Global Gold Index ETF (XGD.TO) and Harvest Global Gold Giants Index ETF (HGGG.TO) have volatilities of 16.16% and 16.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGD.TO | HGGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.16% | 16.65% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 36.86% | 37.56% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.08% | 45.86% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.12% | 33.45% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.55% | 33.23% | +0.32% |
XGD.TO vs. HGGG.TO - Expense Ratio Comparison
XGD.TO has a 0.61% expense ratio, which is higher than HGGG.TO's 0.40% expense ratio.
Dividends
XGD.TO vs. HGGG.TO - Dividend Comparison
XGD.TO's dividend yield for the trailing twelve months is around 0.64%, while HGGG.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGGG.TO Harvest Global Gold Giants Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.65% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.64% | 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 HGGG.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HGGG.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HGGG.TO is cheaper with a 0.40% expense ratio, compared with 0.61% for XGD.TO.
XGD.TO tracks S&P/TSX Global Gold Index, while HGGG.TO tracks Solactive Global Gold Giants Index TR. They also come from different issuers: iShares and Harvest. Their fees differ too: 0.61% for XGD.TO and 0.40% for HGGG.TO.
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