XTLH.TO vs. PHYS.TO
XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged), while PHYS.TO (Sprott Physical Gold Trust) is a stock. Over the past 3 years, XTLH.TO returned -3.65%/yr vs 31.40%/yr for PHYS.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
XTLH.TO vs. PHYS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XTLH.TO achieves a -1.03% return, which is significantly lower than PHYS.TO's 2.89% return.
XTLH.TO
- 1D
- -0.42%
- 1M
- 0.65%
- YTD
- -1.03%
- 6M
- -2.78%
- 1Y
- 3.13%
- 3Y*
- -3.65%
- 5Y*
- —
- 10Y*
- —
PHYS.TO
- 1D
- -0.66%
- 1M
- 0.26%
- YTD
- 2.89%
- 6M
- 3.81%
- 1Y
- 32.90%
- 3Y*
- 31.40%
- 5Y*
- 20.78%
- 10Y*
- —
XTLH.TO vs. PHYS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | -1.03% | 2.61% | -9.55% | 1.56% |
PHYS.TO Sprott Physical Gold Trust | 2.89% | 56.35% | 37.41% | 9.56% |
Correlation
The correlation between XTLH.TO and PHYS.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.17 |
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Return for Risk
XTLH.TO vs. PHYS.TO — Risk / Return Rank
XTLH.TO
PHYS.TO
XTLH.TO vs. PHYS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) and Sprott Physical Gold Trust (PHYS.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.
| XTLH.TO | PHYS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.25 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.82 | -1.45 |
| Martin ratioReturn relative to average drawdown | 0.94 | 4.49 | -3.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XTLH.TO | PHYS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.27 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.60 | -0.75 |
Drawdowns
XTLH.TO vs. PHYS.TO - Drawdown Comparison
The maximum XTLH.TO drawdown since its inception was -22.72%, smaller than the maximum PHYS.TO drawdown of -27.08%. Use the drawdown chart below to compare losses from any high point for XTLH.TO and PHYS.TO.
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Drawdown Indicators
| XTLH.TO | PHYS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.72% | -27.08% | +4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -18.14% | +9.77% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -18.14% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.14% | — |
Current DrawdownCurrent decline from peak | -14.80% | -16.29% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -12.15% | -7.83% | -4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 7.34% | -3.98% |
Volatility
XTLH.TO vs. PHYS.TO - Volatility Comparison
The current volatility for iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) is 2.98%, while Sprott Physical Gold Trust (PHYS.TO) has a volatility of 5.61%. This indicates that XTLH.TO experiences smaller price fluctuations and is considered to be less risky than PHYS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTLH.TO | PHYS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 5.61% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.42% | 22.21% | -15.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 26.13% | -16.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 17.21% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 26.82% | -12.66% |
Dividends
XTLH.TO vs. PHYS.TO - Dividend Comparison
XTLH.TO's dividend yield for the trailing twelve months is around 4.62%, while PHYS.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PHYS.TO Sprott Physical Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 4.62% | 4.42% | 4.32% | 2.67% |
Frequently Asked Questions
XTLH.TO and PHYS.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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