XGDU.DE vs. HGGG.TO

Last updated Jun 26, 2026

XGDU.DE (Xtrackers IE Physical Gold ETC Securities) and HGGG.TO (Harvest Global Gold Giants Index ETF) are both Gold funds - XGDU.DE tracks the Gold while HGGG.TO tracks the Solactive Global Gold Giants Index TR. Both are passively managed. Over the past 5 years, XGDU.DE returned 18.72%/yr vs 22.27%/yr for HGGG.TO. At a 0.43 correlation, their price movements are largely independent. XGDU.DE charges 0.12%/yr vs 0.40%/yr for HGGG.TO.

Performance

XGDU.DE vs. HGGG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers IE Physical Gold ETC Securities (XGDU.DE) and Harvest Global Gold Giants Index ETF (HGGG.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XGDU.DE is traded in EUR, while HGGG.TO is traded in CAD. To make them comparable, the HGGG.TO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XGDU.DE achieves a -5.61% return, which is significantly higher than HGGG.TO's -10.69% return.

XGDU.DE

• 1D: 0.13%
• 1M: -8.80%
• YTD: -5.61%
• 6M: -6.76%
• 1Y: 23.53%
• 3Y*: 25.91%
• 5Y*: 18.72%
• 10Y*: —

HGGG.TO

• 1D: 1.86%
• 1M: -11.55%
• YTD: -10.69%
• 6M: -12.96%
• 1Y: 58.52%
• 3Y*: 41.51%
• 5Y*: 22.27%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XGDU.DE vs. HGGG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XGDU.DE Xtrackers IE Physical Gold ETC Securities	-5.61%	49.09%	34.21%	9.43%	6.99%	3.80%	-10.64%
HGGG.TO Harvest Global Gold Giants Index ETF	-10.69%	149.89%	23.87%	3.51%	-4.81%	-9.32%	9.97%

Correlation

The correlation between XGDU.DE and HGGG.TO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 22, 2020	0.43

The correlation between XGDU.DE and HGGG.TO shifts across timeframes, from 0.43 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XGDU.DE vs. HGGG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XGDU.DE

XGDU.DE Risk / Return Rank: 24
XGDU.DE Sharpe Ratio Rank: 22
XGDU.DE Sortino Ratio Rank: 21
XGDU.DE Omega Ratio Rank: 31
XGDU.DE Calmar Ratio Rank: 24
XGDU.DE Martin Ratio Rank: 22

HGGG.TO

HGGG.TO Risk / Return Rank: 37
HGGG.TO Sharpe Ratio Rank: 41
HGGG.TO Sortino Ratio Rank: 37
HGGG.TO Omega Ratio Rank: 40
HGGG.TO Calmar Ratio Rank: 36
HGGG.TO Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XGDU.DE vs. HGGG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) 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.

	XGDU.DE	HGGG.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.30	-0.58
Sortino ratio: Return per unit of downside risk	1.12	1.80	-0.68
Omega ratio: Gain probability vs. loss probability	1.19	1.24	-0.04
Calmar ratio: Return relative to maximum drawdown	1.06	1.60	-0.53
Martin ratio: Return relative to average drawdown	2.47	4.14	-1.67

XGDU.DE vs. HGGG.TO - Sharpe Ratio Comparison

The current XGDU.DE Sharpe Ratio is 0.72, which is lower than the HGGG.TO Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of XGDU.DE and HGGG.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XGDU.DE vs. HGGG.TO - Drawdown Comparison

The maximum XGDU.DE drawdown since its inception was -22.01%, smaller than the maximum HGGG.TO drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for XGDU.DE and HGGG.TO.

Drawdown Indicators

	XGDU.DE	HGGG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.01%	-42.61%	+20.60%
Max Drawdown (1Y) Largest decline over 1 year	-22.01%	-36.79%	+14.78%
Max Drawdown (3Y) Largest decline over 3 years	-22.01%	-36.79%	+14.78%
Max Drawdown (5Y) Largest decline over 5 years	-22.01%	-36.91%	+14.90%
Current Drawdown Current decline from peak	-21.91%	-33.48%	+11.57%
Average Drawdown Average peak-to-trough decline	-6.83%	-17.54%	+10.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.49%	14.17%	-4.68%

Volatility

XGDU.DE vs. HGGG.TO - Volatility Comparison

The current volatility for Xtrackers IE Physical Gold ETC Securities (XGDU.DE) is 8.00%, while Harvest Global Gold Giants Index ETF (HGGG.TO) has a volatility of 16.39%. This indicates that XGDU.DE experiences smaller price fluctuations and is considered to be less risky than HGGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGDU.DE	HGGG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	16.39%	-8.39%
Volatility (6M) Calculated over the trailing 6-month period	21.36%	36.42%	-15.06%
Volatility (1Y) Calculated over the trailing 1-year period	32.53%	45.11%	-12.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	33.69%	-14.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	33.41%	-14.65%

XGDU.DE vs. HGGG.TO - Expense Ratio Comparison

XGDU.DE has a 0.12% expense ratio, which is lower than HGGG.TO's 0.40% expense ratio.

Dividends

XGDU.DE vs. HGGG.TO - Dividend Comparison

Neither XGDU.DE nor HGGG.TO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HGGG.TO Harvest Global Gold Giants Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.65%	0.54%
XGDU.DE Xtrackers IE Physical Gold ETC Securities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XGDU.DE and HGGG.TO in my portfolio?

XGDU.DE and HGGG.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XGDU.DE or HGGG.TO?

On fees, XGDU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XGDU.DE or HGGG.TO?

XGDU.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for HGGG.TO.

What is the main difference between XGDU.DE and HGGG.TO?

XGDU.DE tracks Gold, while HGGG.TO tracks Solactive Global Gold Giants Index TR. They also come from different issuers: Xtrackers and Harvest. Their fees differ too: 0.12% for XGDU.DE and 0.40% for HGGG.TO.