XGD.TO vs. IDMO
XGD.TO (iShares S&P/TSX Global Gold Index ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - XGD.TO is a Gold fund tracking the S&P/TSX Global Gold Index, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, XGD.TO returned 14.21%/yr vs 13.60%/yr for IDMO. At a 0.17 correlation, their price movements are largely independent. XGD.TO charges 0.61%/yr vs 0.25%/yr for IDMO.
Performance
XGD.TO vs. IDMO - Performance Comparison
Loading charts...
Different Trading Currencies
XGD.TO is traded in CAD, while IDMO is traded in USD. To make them comparable, the IDMO 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 -2.21% return, which is significantly lower than IDMO's 10.37% return. Both investments have delivered pretty close results over the past 10 years, with XGD.TO having a 14.21% annualized return and IDMO not far behind at 13.60%.
XGD.TO
- 1D
- 2.99%
- 1M
- -13.12%
- YTD
- -2.21%
- 6M
- -1.55%
- 1Y
- 56.40%
- 3Y*
- 41.86%
- 5Y*
- 21.08%
- 10Y*
- 14.21%
IDMO
- 1D
- 1.54%
- 1M
- 0.96%
- YTD
- 10.37%
- 6M
- 11.66%
- 1Y
- 28.17%
- 3Y*
- 27.08%
- 5Y*
- 18.89%
- 10Y*
- 13.60%
XGD.TO vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGD.TO iShares S&P/TSX Global Gold Index ETF | -2.21% | 144.45% | 19.63% | 3.91% | -3.13% | -5.81% | 21.10% | 40.18% | -4.10% | 0.96% |
IDMO Invesco S&P International Developed Momentum ETF | 10.37% | 35.68% | 22.34% | 17.30% | -6.45% | 14.25% | 19.11% | 20.89% | -9.65% | 20.46% |
Correlation
The correlation between XGD.TO and IDMO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.17 |
Over the past year, XGD.TO and IDMO have become more correlated (0.48) than their long-term average of 0.17, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XGD.TO vs. IDMO — Risk / Return Rank
XGD.TO
IDMO
XGD.TO vs. IDMO - 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 Invesco S&P International Developed Momentum ETF (IDMO). 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 | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.18 | -0.37 |
| Martin ratioReturn relative to average drawdown | 5.00 | 8.88 | -3.87 |
Loading charts...
Drawdowns
XGD.TO vs. IDMO - Drawdown Comparison
The maximum XGD.TO drawdown since its inception was -72.56%, which is greater than IDMO's maximum drawdown of -30.46%. Use the drawdown chart below to compare losses from any high point for XGD.TO and IDMO.
Loading charts...
Drawdown Indicators
| XGD.TO | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.56% | -30.46% | -42.10% |
Max Drawdown (1Y)Largest decline over 1 year | -33.06% | -11.93% | -21.13% |
Max Drawdown (3Y)Largest decline over 3 years | -33.06% | -13.13% | -19.93% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -21.90% | -18.92% |
Max Drawdown (10Y)Largest decline over 10 years | -46.96% | -25.51% | -21.45% |
Current DrawdownCurrent decline from peak | -27.60% | -0.71% | -26.89% |
Average DrawdownAverage peak-to-trough decline | -31.89% | -6.98% | -24.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.91% | 2.93% | +8.98% |
Volatility
XGD.TO vs. IDMO - Volatility Comparison
iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a higher volatility of 16.16% compared to Invesco S&P International Developed Momentum ETF (IDMO) at 8.05%. This indicates that XGD.TO's price experiences larger fluctuations and is considered to be riskier than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XGD.TO | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.16% | 8.05% | +8.11% |
Volatility (6M)Calculated over the trailing 6-month period | 36.04% | 16.28% | +19.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.26% | 18.31% | +25.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.95% | 19.00% | +13.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.55% | 19.23% | +14.32% |
XGD.TO vs. IDMO - Expense Ratio Comparison
XGD.TO has a 0.61% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Dividends
XGD.TO vs. IDMO - Dividend Comparison
XGD.TO's dividend yield for the trailing twelve months is around 0.64%, less than IDMO's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.52% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
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 IDMO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDMO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.61% for XGD.TO.
XGD.TO is categorized as Gold, while IDMO is Momentum. XGD.TO tracks S&P/TSX Global Gold Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.61% for XGD.TO and 0.25% for IDMO.
Find the right allocation for XGD.TO and IDMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer