XGD.TO vs. VTV
XGD.TO (iShares S&P/TSX Global Gold Index ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - XGD.TO is a Gold fund tracking the S&P/TSX Global Gold Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, XGD.TO returned 14.21%/yr vs 13.75%/yr for VTV. At a 0.11 correlation, their price movements are largely independent. XGD.TO charges 0.61%/yr vs 0.04%/yr for VTV.
Performance
XGD.TO vs. VTV - Performance Comparison
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Different Trading Currencies
XGD.TO is traded in CAD, while VTV is traded in USD. To make them comparable, the VTV 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 VTV's 16.61% return. Both investments have delivered pretty close results over the past 10 years, with XGD.TO having a 14.21% annualized return and VTV not far behind at 13.75%.
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%
VTV
- 1D
- 1.12%
- 1M
- 5.89%
- YTD
- 16.61%
- 6M
- 15.61%
- 1Y
- 31.43%
- 3Y*
- 19.93%
- 5Y*
- 15.04%
- 10Y*
- 13.75%
XGD.TO vs. VTV - 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% |
VTV Vanguard Value ETF | 16.61% | 10.01% | 25.77% | 6.71% | 4.12% | 26.47% | -0.10% | 20.48% | 2.47% | 9.21% |
Correlation
The correlation between XGD.TO and VTV is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.11 |
The correlation between XGD.TO and VTV shifts across timeframes, from 0.11 (10 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGD.TO vs. VTV — Risk / Return Rank
XGD.TO
VTV
XGD.TO vs. VTV - 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 Vanguard Value ETF (VTV). 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 | VTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.47 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 5.21 | -3.40 |
| Martin ratioReturn relative to average drawdown | 5.00 | 19.15 | -14.15 |
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Drawdowns
XGD.TO vs. VTV - Drawdown Comparison
The maximum XGD.TO drawdown since its inception was -72.56%, which is greater than VTV's maximum drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for XGD.TO and VTV.
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Drawdown Indicators
| XGD.TO | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.56% | -52.38% | -20.18% |
Max Drawdown (1Y)Largest decline over 1 year | -33.06% | -5.74% | -27.32% |
Max Drawdown (3Y)Largest decline over 3 years | -33.06% | -15.12% | -17.94% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -15.12% | -25.70% |
Max Drawdown (10Y)Largest decline over 10 years | -46.96% | -31.22% | -15.74% |
Current DrawdownCurrent decline from peak | -27.60% | 0.00% | -27.60% |
Average DrawdownAverage peak-to-trough decline | -31.89% | -9.15% | -22.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.91% | 1.56% | +10.35% |
Volatility
XGD.TO vs. VTV - Volatility Comparison
iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a higher volatility of 16.16% compared to Vanguard Value ETF (VTV) at 3.58%. This indicates that XGD.TO's price experiences larger fluctuations and is considered to be riskier than VTV 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 | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.16% | 3.58% | +12.58% |
Volatility (6M)Calculated over the trailing 6-month period | 36.04% | 8.63% | +27.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.26% | 11.27% | +32.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.95% | 15.09% | +17.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.55% | 17.74% | +15.81% |
XGD.TO vs. VTV - Expense Ratio Comparison
XGD.TO has a 0.61% expense ratio, which is higher than VTV's 0.04% expense ratio.
Dividends
XGD.TO vs. VTV - Dividend Comparison
XGD.TO's dividend yield for the trailing twelve months is around 0.64%, less than VTV's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 1.83% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
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 VTV have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTV is cheaper with a 0.04% expense ratio, compared with 0.61% for XGD.TO.
XGD.TO is categorized as Gold, while VTV is Large Cap Value Equities. XGD.TO tracks S&P/TSX Global Gold Index, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.61% for XGD.TO and 0.04% for VTV.
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