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XMA.TO vs. IAU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMA.TO vs. IAU.TO

Last updated Jun 4, 2026

XMA.TO (iShares S&P/TSX Capped Materials Index ETF) is Materials fund tracking the S&P/TSX Capped Materials TR, while IAU.TO (i-80 Gold Corp) is a stock. Over the past 5 years, XMA.TO returned 20.09%/yr vs -4.15%/yr for IAU.TO. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

XMA.TO vs. IAU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Materials Index ETF (XMA.TO) and i-80 Gold Corp (IAU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XMA.TO achieves a 7.60% return, which is significantly higher than IAU.TO's 4.95% return.

XMA.TO

1D
-3.13%
1M
5.70%
YTD
7.60%
6M
12.34%
1Y
64.71%
3Y*
35.49%
5Y*
20.09%
10Y*
14.00%

IAU.TO

1D
-5.36%
1M
4.43%
YTD
4.95%
6M
25.44%
1Y
178.95%
3Y*
-11.03%
5Y*
-4.15%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMA.TO vs. IAU.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XMA.TO
iShares S&P/TSX Capped Materials Index ETF		7.60%99.21%20.72%-2.04%1.35%4.59%
IAU.TO
i-80 Gold Corp		4.95%192.75%-70.39%-38.36%22.33%-35.63%

Correlation

The correlation between XMA.TO and IAU.TO is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Apr 14, 2021

0.59

The correlation between XMA.TO and IAU.TO has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Capped Materials Index ETF

i-80 Gold Corp

Often compared with XMA.TO:
XMA.TO vs. XGD.TOXMA.TO vs. XETM.TOXMA.TO vs. XIC.TOXMA.TO vs. ZUT.TOXMA.TO vs. XIT.TOXMA.TO vs. XEQT.TOXMA.TO vs. XBM.TO
Often compared with IAU.TO:
IAU.TO vs. XGD.TOIAU.TO vs. ZWB.TOIAU.TO vs. IAUIAU.TO vs. LGD.TOIAU.TO vs. ASPIIAU.TO vs. AAUC.TOIAU.TO vs. MAU.TO

Return for Risk

XMA.TO vs. IAU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMA.TO
XMA.TO Risk / Return Rank: 4646
Overall Rank
XMA.TO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
XMA.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
XMA.TO Omega Ratio Rank: 4848
Omega Ratio Rank
XMA.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
XMA.TO Martin Ratio Rank: 4242
Martin Ratio Rank
IAU.TO
IAU.TO Risk / Return Rank: 9090
Overall Rank
IAU.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
IAU.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
IAU.TO Omega Ratio Rank: 8686
Omega Ratio Rank
IAU.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
IAU.TO Martin Ratio Rank: 9090
Martin Ratio Rank
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.

XMA.TO vs. IAU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Materials Index ETF (XMA.TO) and i-80 Gold Corp (IAU.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.

XMA.TOIAU.TODifference
Sharpe ratioReturn per unit of total volatility
1.75
2.82

-1.07

Sortino ratioReturn per unit of downside risk
2.11
2.95

-0.84

Omega ratioGain probability vs. loss probability

1.31

1.38

-0.07

Calmar ratioReturn relative to maximum drawdown

2.41

4.71

-2.30

Martin ratioReturn relative to average drawdown

6.76

12.21

-5.45

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMA.TO vs. IAU.TO - Sharpe Ratio Comparison

The current XMA.TO Sharpe Ratio is 1.75, which is lower than the IAU.TO Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of XMA.TO and IAU.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.

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Sharpe Ratios by Period

XMA.TOIAU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.75

2.82

-1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

-0.06

+0.80

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

-0.21

+0.49

Drawdowns

XMA.TO vs. IAU.TO - Drawdown Comparison

The maximum XMA.TO drawdown since its inception was -64.13%, smaller than the maximum IAU.TO drawdown of -91.25%. Use the drawdown chart below to compare losses from any high point for XMA.TO and IAU.TO.

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Drawdown Indicators

XMA.TOIAU.TODifference

Max Drawdown

Largest peak-to-trough decline

-64.13%

-91.25%

+27.12%

Max Drawdown (1Y)

Largest decline over 1 year

-26.96%

-38.25%

+11.29%

Max Drawdown (3Y)

Largest decline over 3 years

-26.96%

-84.09%

+57.13%

Max Drawdown (5Y)

Largest decline over 5 years

-33.06%

-87.90%

+54.84%

Max Drawdown (10Y)

Largest decline over 10 years

-33.06%

—

—

Current Drawdown

Current decline from peak

-18.76%

-62.14%

+43.38%

Average Drawdown

Average peak-to-trough decline

-26.31%

-59.76%

+33.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.60%

14.72%

-5.12%

Volatility

XMA.TO vs. IAU.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Capped Materials Index ETF (XMA.TO) is 13.42%, while i-80 Gold Corp (IAU.TO) has a volatility of 16.43%. This indicates that XMA.TO experiences smaller price fluctuations and is considered to be less risky than IAU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMA.TOIAU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.42%

16.43%

-3.01%

Volatility (6M)

Calculated over the trailing 6-month period

30.86%

45.65%

-14.79%

Volatility (1Y)

Calculated over the trailing 1-year period

37.08%

63.79%

-26.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.55%

67.46%

-39.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.56%

70.57%

-44.01%

Dividends

XMA.TO vs. IAU.TO - Dividend Comparison

XMA.TO's dividend yield for the trailing twelve months is around 0.37%, while IAU.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IAU.TO
i-80 Gold Corp		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XMA.TO
iShares S&P/TSX Capped Materials Index ETF		0.37%0.41%0.83%1.26%1.24%0.87%0.63%0.62%0.72%0.42%0.82%1.90%

Frequently Asked Questions

XMA.TO and IAU.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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