XIU.TO vs. GLD
XIU.TO (iShares S&P/TSX 60 Index ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, XIU.TO returned 13.04%/yr vs 13.12%/yr for GLD. At a 0.13 correlation, their price movements are largely independent. XIU.TO charges 0.18%/yr vs 0.40%/yr for GLD.
Performance
XIU.TO vs. GLD - Performance Comparison
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Different Trading Currencies
XIU.TO is traded in CAD, while GLD is traded in USD. To make them comparable, the GLD values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XIU.TO achieves a 11.35% return, which is significantly higher than GLD's -0.49% return. Both investments have delivered pretty close results over the past 10 years, with XIU.TO having a 13.04% annualized return and GLD not far ahead at 13.12%.
XIU.TO
- 1D
- 0.62%
- 1M
- 4.44%
- YTD
- 11.35%
- 6M
- 12.04%
- 1Y
- 32.96%
- 3Y*
- 22.94%
- 5Y*
- 14.53%
- 10Y*
- 13.04%
GLD
- 1D
- 0.24%
- 1M
- -5.69%
- YTD
- -0.49%
- 6M
- -0.85%
- 1Y
- 25.59%
- 3Y*
- 30.82%
- 5Y*
- 20.51%
- 10Y*
- 13.12%
XIU.TO vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 11.35% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
GLD SPDR Gold Shares | -0.49% | 56.20% | 37.38% | 10.01% | 5.52% | -4.20% | 21.85% | 13.00% | 6.30% | 5.17% |
Correlation
The correlation between XIU.TO and GLD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.13 |
Over the past year, XIU.TO and GLD have become more correlated (0.37) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
XIU.TO vs. GLD — Risk / Return Rank
XIU.TO
GLD
XIU.TO vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and SPDR Gold Shares (GLD). 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.
| XIU.TO | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.20 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 1.20 | +3.06 |
| Martin ratioReturn relative to average drawdown | 19.57 | 3.41 | +16.17 |
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Drawdowns
XIU.TO vs. GLD - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than GLD's maximum drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for XIU.TO and GLD.
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Drawdown Indicators
| XIU.TO | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.98% | -33.66% | -13.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -22.24% | +14.59% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -22.24% | +9.88% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -22.24% | +5.88% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | -22.86% | -12.60% |
Current DrawdownCurrent decline from peak | -0.19% | -19.65% | +19.46% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -10.77% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 7.83% | -6.17% |
Volatility
XIU.TO vs. GLD - Volatility Comparison
The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 4.06%, while SPDR Gold Shares (GLD) has a volatility of 7.89%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIU.TO | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 7.89% | -3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 24.01% | -14.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 27.34% | -15.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 19.13% | -6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 17.28% | -2.26% |
XIU.TO vs. GLD - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
XIU.TO vs. GLD - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.18%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.18% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
Frequently Asked Questions
XIU.TO and GLD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.40% for GLD.
XIU.TO is categorized as Canada Equities, while GLD is Gold. XIU.TO tracks S&P/TSX 60 Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for XIU.TO and 0.40% for GLD.
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