XGD.TO vs. RGPM.NEO
XGD.TO (iShares S&P/TSX Global Gold Index ETF) and RGPM.NEO (RBC Global Precious Metals Fund) are both Precious Metals funds. XGD.TO is passively managed, while RGPM.NEO is actively managed. Over the past 3 years, XGD.TO returned 43.11%/yr vs 45.22%/yr for RGPM.NEO. A 0.66 correlation means they provide meaningful diversification when combined. XGD.TO charges 0.61%/yr vs 1.02%/yr for RGPM.NEO.
Performance
XGD.TO vs. RGPM.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XGD.TO achieves a 3.35% return, which is significantly higher than RGPM.NEO's 1.34% 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%
RGPM.NEO
- 1D
- -2.71%
- 1M
- 0.98%
- YTD
- 1.34%
- 6M
- 8.72%
- 1Y
- 60.56%
- 3Y*
- 45.22%
- 5Y*
- —
- 10Y*
- —
XGD.TO vs. RGPM.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XGD.TO iShares S&P/TSX Global Gold Index ETF | 3.35% | 144.45% | 19.63% | 5.00% |
RGPM.NEO RBC Global Precious Metals Fund | 1.34% | 143.89% | 36.75% | -3.95% |
Correlation
The correlation between XGD.TO and RGPM.NEO is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023 | 0.66 |
Over the past year, XGD.TO and RGPM.NEO have become more correlated (0.91) 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. RGPM.NEO — Risk / Return Rank
XGD.TO
RGPM.NEO
XGD.TO vs. RGPM.NEO - 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 RBC Global Precious Metals Fund (RGPM.NEO). 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 | RGPM.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.07 | +0.29 |
| Martin ratioReturn relative to average drawdown | 6.22 | 5.61 | +0.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XGD.TO | RGPM.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.42 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.34 | -1.09 |
Drawdowns
XGD.TO vs. RGPM.NEO - Drawdown Comparison
The maximum XGD.TO drawdown since its inception was -72.55%, which is greater than RGPM.NEO's maximum drawdown of -29.46%. Use the drawdown chart below to compare losses from any high point for XGD.TO and RGPM.NEO.
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Drawdown Indicators
| XGD.TO | RGPM.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.55% | -29.46% | -43.09% |
Max Drawdown (1Y)Largest decline over 1 year | -28.95% | -29.46% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -28.95% | -29.46% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.96% | — | — |
Current DrawdownCurrent decline from peak | -23.49% | -23.85% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -28.30% | -8.38% | -19.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.93% | 10.82% | +0.11% |
Volatility
XGD.TO vs. RGPM.NEO - Volatility Comparison
The current volatility for iShares S&P/TSX Global Gold Index ETF (XGD.TO) is 14.43%, while RBC Global Precious Metals Fund (RGPM.NEO) has a volatility of 16.07%. This indicates that XGD.TO experiences smaller price fluctuations and is considered to be less risky than RGPM.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGD.TO | RGPM.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 16.07% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 34.40% | 35.62% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.86% | 42.98% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.64% | 32.73% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.38% | 32.73% | +0.65% |
XGD.TO vs. RGPM.NEO - Expense Ratio Comparison
XGD.TO has a 0.61% expense ratio, which is lower than RGPM.NEO's 1.02% expense ratio.
Dividends
XGD.TO vs. RGPM.NEO - Dividend Comparison
XGD.TO's dividend yield for the trailing twelve months is around 0.60%, while RGPM.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGPM.NEO RBC Global Precious Metals Fund | 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
With a correlation of 0.91, XGD.TO and RGPM.NEO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XGD.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGD.TO is cheaper with a 0.61% expense ratio, compared with 1.02% for RGPM.NEO.
They also come from different issuers: iShares and RBC Global Asset Management.. Their fees differ too: 0.61% for XGD.TO and 1.02% for RGPM.NEO.
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