XIT.TO vs. XGD.TO
XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and XGD.TO (iShares S&P/TSX Global Gold Index ETF) are both exchange-traded funds - XIT.TO is a Technology Equities fund tracking the S&P/TSX Capped Information Technology Index, while XGD.TO is a Gold fund tracking the S&P/TSX Global Gold Index. Both are passively managed. Over the past 10 years, XIT.TO returned 16.43%/yr vs 12.09%/yr for XGD.TO. At a 0.09 correlation, their price movements are largely independent. XIT.TO charges 0.60%/yr vs 0.61%/yr for XGD.TO.
Performance
XIT.TO vs. XGD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIT.TO achieves a -13.73% return, which is significantly lower than XGD.TO's -7.98% return. Over the past 10 years, XIT.TO has outperformed XGD.TO with an annualized return of 16.43%, while XGD.TO has yielded a comparatively lower 12.09% annualized return.
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%
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%
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 |
XIT.TO vs. XGD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between XIT.TO and XGD.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 XIT.TO and XGD.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
XIT.TO vs. XGD.TO — Risk / Return Rank
XIT.TO
XGD.TO
XIT.TO vs. XGD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) 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.
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.
| XIT.TO | XGD.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 | 0.99 | 1.20 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 1.32 | -1.54 |
| Martin ratioReturn relative to average drawdown | -0.40 | 3.04 | -3.44 |
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Drawdowns
XIT.TO vs. XGD.TO - Drawdown Comparison
The maximum XIT.TO drawdown since its inception was -56.92%, smaller than the maximum XGD.TO drawdown of -72.56%. Use the drawdown chart below to compare losses from any high point for XIT.TO and XGD.TO.
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Drawdown Indicators
| XIT.TO | XGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.92% | -72.56% | +15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -31.93% | -36.01% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | -36.01% | +4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -54.15% | -40.82% | -13.33% |
Max Drawdown (10Y)Largest decline over 10 years | -54.15% | -46.96% | -7.19% |
Current DrawdownCurrent decline from peak | -22.99% | -31.87% | +8.88% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -32.04% | +15.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.17% | 15.65% | +1.52% |
Volatility
XIT.TO vs. XGD.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) is 5.47%, while iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a volatility of 10.85%. This indicates that XIT.TO 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.
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Volatility by Period
| XIT.TO | XGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 10.85% | -5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 24.09% | 37.17% | -13.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.75% | 45.71% | -13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.47% | 33.41% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.59% | 33.53% | -4.94% |
XIT.TO vs. XGD.TO - Expense Ratio Comparison
XIT.TO has a 0.60% expense ratio, which is lower than XGD.TO's 0.61% expense ratio.
Dividends
XIT.TO vs. XGD.TO - Dividend Comparison
XIT.TO has not paid dividends to shareholders, while XGD.TO's dividend yield for the trailing twelve months is around 0.89%.
| 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
XIT.TO and XGD.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.
XIT.TO is categorized as Technology Equities, while XGD.TO is Gold. XIT.TO tracks S&P/TSX Capped Information Technology Index, while XGD.TO tracks S&P/TSX Global Gold Index. Their fees differ too: 0.60% for XIT.TO and 0.61% for XGD.TO.
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