XGD.TO vs. XIT.TO
XGD.TO (iShares S&P/TSX Global Gold Index ETF) and XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) are both exchange-traded funds - XGD.TO is a Gold fund tracking the S&P/TSX Global Gold Index, while XIT.TO is a Technology Equities fund tracking the S&P/TSX Capped Information Technology Index. Both are passively managed. Over the past 10 years, XGD.TO returned 12.09%/yr vs 16.43%/yr for XIT.TO. At a 0.09 correlation, their price movements are largely independent. XGD.TO charges 0.61%/yr vs 0.60%/yr for XIT.TO.
Performance
XGD.TO vs. XIT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XGD.TO achieves a -7.98% return, which is significantly higher than XIT.TO's -13.73% return. Over the past 10 years, XGD.TO has underperformed XIT.TO with an annualized return of 12.09%, while XIT.TO has yielded a comparatively higher 16.43% annualized return.
XGD.TO
- 1D
- 0.24%
- 1M
- -0.94%
- 6M
- -25.75%
- YTD
- -7.98%
- 1Y
- 47.41%
- 3Y*
- 38.42%
- 5Y*
- 22.15%
- 10Y*
- 12.09%
- ALL TIME*
- 5.17%
XIT.TO
- 1D
- -0.10%
- 1M
- -5.92%
- 6M
- -5.28%
- YTD
- -13.73%
- 1Y
- -6.86%
- 3Y*
- 12.98%
- 5Y*
- 2.87%
- 10Y*
- 16.43%
- ALL TIME*
- 11.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$16.33M | CA$17.63M | CA$21.80M | |
| CA$932.35K | CA$850.30K | CA$1.09M |
XGD.TO vs. XIT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGD.TO iShares S&P/TSX Global Gold Index ETF | -7.98% | 144.45% | 19.63% | 3.91% | -3.13% | -5.81% | 21.10% | 40.18% | -4.10% | 0.96% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | -13.73% | 15.48% | 30.02% | 55.56% | -35.85% | 10.74% | 45.91% | 60.84% | 11.71% | 17.09% |
Correlation
The correlation between XGD.TO and XIT.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2006 | 0.09 |
The correlation between XGD.TO and XIT.TO shifts across timeframes, from 0.09 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGD.TO vs. XIT.TO — Risk / Return Rank
XGD.TO
XIT.TO
XGD.TO vs. XIT.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 iShares S&P/TSX Capped Information Technology Index ETF (XIT.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 | XIT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.99 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.22 | +1.54 |
| Martin ratioReturn relative to average drawdown | 3.04 | -0.40 | +3.44 |
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Drawdowns
XGD.TO vs. XIT.TO - Drawdown Comparison
The maximum XGD.TO drawdown since its inception was -72.56%, which is greater than XIT.TO's maximum drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for XGD.TO and XIT.TO.
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Drawdown Indicators
| XGD.TO | XIT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.56% | -56.92% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -36.01% | -31.93% | -4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -36.01% | -31.93% | -4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -54.15% | +13.33% |
Max Drawdown (10Y)Largest decline over 10 years | -46.96% | -54.15% | +7.19% |
Current DrawdownCurrent decline from peak | -31.87% | -22.99% | -8.88% |
Average DrawdownAverage peak-to-trough decline | -32.04% | -17.01% | -15.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.65% | 17.17% | -1.52% |
Volatility
XGD.TO vs. XIT.TO - Volatility Comparison
iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a higher volatility of 10.85% compared to iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) at 5.47%. This indicates that XGD.TO's price experiences larger fluctuations and is considered to be riskier than XIT.TO 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 | XIT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 5.47% | +5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 37.17% | 24.09% | +13.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.71% | 31.75% | +13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.41% | 29.47% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.53% | 28.59% | +4.94% |
XGD.TO vs. XIT.TO - Expense Ratio Comparison
XGD.TO has a 0.61% expense ratio, which is higher than XIT.TO's 0.60% expense ratio.
Dividends
XGD.TO vs. XIT.TO - Dividend Comparison
XGD.TO's dividend yield for the trailing twelve months is around 0.89%, while XIT.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.89% | 0.62% | 0.93% | 1.49% | 1.77% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.10% | 0.57% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.34% | 0.00% | 0.15% | 0.18% | 0.10% |
Frequently Asked Questions
XGD.TO and XIT.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIT.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIT.TO is cheaper with a 0.60% expense ratio, compared with 0.61% for XGD.TO.
XGD.TO is categorized as Gold, while XIT.TO is Technology Equities. XGD.TO tracks S&P/TSX Global Gold Index, while XIT.TO tracks S&P/TSX Capped Information Technology Index. Their fees differ too: 0.61% for XGD.TO and 0.60% for XIT.TO.
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