XGLD.L vs. XGD.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers Physical Gold ETC (XGLD.L) and iShares S&P/TSX Global Gold Index ETF (XGD.TO).

XGLD.L and XGD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XGLD.L is a passively managed fund by Xtrackers that tracks the performance of the Gold. It was launched on Jun 15, 2010. XGD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Gold GR CAD. It was launched on Mar 23, 2001. Both XGLD.L and XGD.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XGLD.L vs. XGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Physical Gold ETC (XGLD.L) and iShares S&P/TSX Global Gold Index ETF (XGD.TO). The values are adjusted to include any dividend payments, if applicable.

XGLD.L vs. XGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XGLD.L Xtrackers Physical Gold ETC	10.73%	64.60%	25.87%	13.37%	-0.24%	-4.19%	24.11%	18.35%	-1.36%	11.68%
XGD.TO iShares S&P/TSX Global Gold Index ETF	14.11%	156.16%	10.18%	6.28%	-9.58%	-5.11%	23.53%	47.18%	-11.55%	7.93%

Different Trading Currencies

XGLD.L is traded in USD, while XGD.TO is traded in CAD. To make them comparable, the XGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XGLD.L achieves a 10.73% return, which is significantly higher than XGD.TO's 9.57% return. Over the past 10 years, XGLD.L has underperformed XGD.TO with an annualized return of 14.39%, while XGD.TO has yielded a comparatively higher 17.45% annualized return.

XGLD.L

• 1D: 3.64%
• 1M: -10.25%
• YTD: 10.73%
• 6M: 23.48%
• 1Y: 52.25%
• 3Y*: 33.77%
• 5Y*: 22.22%
• 10Y*: 14.39%

XGD.TO

• 1D: 0.00%
• 1M: -19.09%
• YTD: 9.57%
• 6M: 22.66%
• 1Y: 105.18%
• 3Y*: 43.39%
• 5Y*: 24.13%
• 10Y*: 17.45%

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

XGLD.L vs. XGD.TO - Expense Ratio Comparison

XGLD.L has a 0.25% expense ratio, which is lower than XGD.TO's 0.61% expense ratio.

XGD.TO

iShares S&P/TSX Global Gold Index ETF

XGLD.L

Xtrackers Physical Gold ETC

Return for Risk

XGLD.L vs. XGD.TO — Risk / Return Rank

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

XGLD.L

XGLD.L Risk / Return Rank: 87
XGLD.L Sharpe Ratio Rank: 90
XGLD.L Sortino Ratio Rank: 87
XGLD.L Omega Ratio Rank: 86
XGLD.L Calmar Ratio Rank: 87
XGLD.L Martin Ratio Rank: 87

XGD.TO

XGD.TO Risk / Return Rank: 92
XGD.TO Sharpe Ratio Rank: 95
XGD.TO Sortino Ratio Rank: 91
XGD.TO Omega Ratio Rank: 91
XGD.TO Calmar Ratio Rank: 93
XGD.TO Martin Ratio Rank: 92

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.

XGLD.L vs. XGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Physical Gold ETC (XGLD.L) and iShares S&P/TSX Global Gold Index ETF (XGD.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.

	XGLD.L	XGD.TO	Difference
Sharpe ratio Return per unit of total volatility	2.00	2.35	-0.36
Sortino ratio Return per unit of downside risk	2.47	2.56	-0.10
Omega ratio Gain probability vs. loss probability	1.36	1.38	-0.03
Calmar ratio Return relative to maximum drawdown	2.89	3.60	-0.71
Martin ratio Return relative to average drawdown	11.37	12.95	-1.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XGLD.L vs. XGD.TO - Sharpe Ratio Comparison

The current XGLD.L Sharpe Ratio is 2.00, which is comparable to the XGD.TO Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of XGLD.L and XGD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XGLD.L	XGD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.35	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.31	0.71	+0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	0.49	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.18	+0.33

Correlation

The correlation between XGLD.L and XGD.TO is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XGLD.L vs. XGD.TO - Dividend Comparison

XGLD.L has not paid dividends to shareholders, while XGD.TO's dividend yield for the trailing twelve months is around 0.54%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XGLD.L Xtrackers Physical Gold ETC	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	0.54%	0.62%	0.93%	1.49%	1.80%	1.38%	0.35%	0.54%	0.25%	0.14%	0.09%	0.57%

Drawdowns

XGLD.L vs. XGD.TO - Drawdown Comparison

The maximum XGLD.L drawdown since its inception was -45.19%, smaller than the maximum XGD.TO drawdown of -80.23%. Use the drawdown chart below to compare losses from any high point for XGLD.L and XGD.TO.

Drawdown Indicators

	XGLD.L	XGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.19%	-72.55%	+27.36%
Max Drawdown (1Y) Largest decline over 1 year	-18.08%	-28.95%	+10.87%
Max Drawdown (5Y) Largest decline over 5 years	-21.06%	-40.82%	+19.76%
Max Drawdown (10Y) Largest decline over 10 years	-21.21%	-46.96%	+25.75%
Current Drawdown Current decline from peak	-10.25%	-14.53%	+4.28%
Average Drawdown Average peak-to-trough decline	-19.06%	-28.37%	+9.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	7.98%	-3.38%

Volatility

XGLD.L vs. XGD.TO - Volatility Comparison

The current volatility for Xtrackers Physical Gold ETC (XGLD.L) is 11.87%, while iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a volatility of 15.47%. This indicates that XGLD.L experiences smaller price fluctuations and is considered to be less risky than XGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGLD.L	XGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.87%	15.47%	-3.60%
Volatility (6M) Calculated over the trailing 6-month period	22.29%	36.63%	-14.34%
Volatility (1Y) Calculated over the trailing 1-year period	26.04%	44.93%	-18.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	34.40%	-17.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.33%	35.51%	-20.18%