ZGLD.SW vs. MNT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Swisscanto (CH) Gold ETF EA CHF (ZGLD.SW) and Royal Canadian Mint - Canadian Gold Reserves (MNT.TO).

ZGLD.SW and MNT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZGLD.SW is a passively managed fund by Swisscanto that tracks the performance of the Gold Bullion. It was launched on Mar 14, 2006.

Performance

ZGLD.SW vs. MNT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in Swisscanto (CH) Gold ETF EA CHF (ZGLD.SW) and Royal Canadian Mint - Canadian Gold Reserves (MNT.TO). The values are adjusted to include any dividend payments, if applicable.

ZGLD.SW vs. MNT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZGLD.SW Swisscanto (CH) Gold ETF EA CHF	7.40%	45.59%	35.04%	3.06%	0.89%	-1.00%	12.95%	16.46%	-1.49%	7.06%
MNT.TO Royal Canadian Mint - Canadian Gold Reserves	6.11%	47.63%	43.89%	-3.52%	4.53%	-7.20%	17.81%	17.11%	-1.41%	8.02%

Different Trading Currencies

ZGLD.SW is traded in CHF, while MNT.TO is traded in CAD. To make them comparable, the MNT.TO values have been converted to CHF using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZGLD.SW achieves a 7.40% return, which is significantly higher than MNT.TO's 6.11% return. Both investments have delivered pretty close results over the past 10 years, with ZGLD.SW having a 11.79% annualized return and MNT.TO not far ahead at 11.96%.

ZGLD.SW

• 1D: 2.20%
• 1M: -7.99%
• YTD: 7.40%
• 6M: 20.65%
• 1Y: 34.02%
• 3Y*: 26.57%
• 5Y*: 17.33%
• 10Y*: 11.79%

MNT.TO

• 1D: 3.95%
• 1M: -9.60%
• YTD: 6.11%
• 6M: 14.71%
• 1Y: 31.22%
• 3Y*: 28.37%
• 5Y*: 18.20%
• 10Y*: 11.96%

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

ZGLD.SW vs. MNT.TO - Expense Ratio Comparison

ZGLD.SW

Swisscanto (CH) Gold ETF EA CHF

Return for Risk

ZGLD.SW vs. MNT.TO — Risk / Return Rank

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

ZGLD.SW

ZGLD.SW Risk / Return Rank: 80
ZGLD.SW Sharpe Ratio Rank: 81
ZGLD.SW Sortino Ratio Rank: 78
ZGLD.SW Omega Ratio Rank: 77
ZGLD.SW Calmar Ratio Rank: 83
ZGLD.SW Martin Ratio Rank: 82

MNT.TO

MNT.TO Risk / Return Rank: 70
MNT.TO Sharpe Ratio Rank: 74
MNT.TO Sortino Ratio Rank: 72
MNT.TO Omega Ratio Rank: 70
MNT.TO Calmar Ratio Rank: 67
MNT.TO Martin Ratio Rank: 64

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.

ZGLD.SW vs. MNT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Swisscanto (CH) Gold ETF EA CHF (ZGLD.SW) and Royal Canadian Mint - Canadian Gold Reserves (MNT.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.

	ZGLD.SW	MNT.TO	Difference
Sharpe ratio Return per unit of total volatility	1.46	0.98	+0.49
Sortino ratio Return per unit of downside risk	1.92	1.45	+0.47
Omega ratio Gain probability vs. loss probability	1.28	1.20	+0.08
Calmar ratio Return relative to maximum drawdown	2.27	1.30	+0.98
Martin ratio Return relative to average drawdown	8.74	5.01	+3.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZGLD.SW vs. MNT.TO - Sharpe Ratio Comparison

The current ZGLD.SW Sharpe Ratio is 1.46, which is higher than the MNT.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of ZGLD.SW and MNT.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

	ZGLD.SW	MNT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.98	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	0.90	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.63	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.29	+0.20

Correlation

The correlation between ZGLD.SW and MNT.TO is 0.62, 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

ZGLD.SW vs. MNT.TO - Dividend Comparison

Neither ZGLD.SW nor MNT.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ZGLD.SW vs. MNT.TO - Drawdown Comparison

The maximum ZGLD.SW drawdown since its inception was -38.49%, smaller than the maximum MNT.TO drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for ZGLD.SW and MNT.TO.

Drawdown Indicators

	ZGLD.SW	MNT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.49%	-34.79%	-3.70%
Max Drawdown (1Y) Largest decline over 1 year	-16.91%	-25.01%	+8.10%
Max Drawdown (5Y) Largest decline over 5 years	-16.94%	-25.01%	+8.07%
Max Drawdown (10Y) Largest decline over 10 years	-16.94%	-33.58%	+16.64%
Current Drawdown Current decline from peak	-10.76%	-14.82%	+4.06%
Average Drawdown Average peak-to-trough decline	-14.24%	-15.65%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	6.81%	-2.42%

Volatility

ZGLD.SW vs. MNT.TO - Volatility Comparison

The current volatility for Swisscanto (CH) Gold ETF EA CHF (ZGLD.SW) is 11.14%, while Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) has a volatility of 13.87%. This indicates that ZGLD.SW experiences smaller price fluctuations and is considered to be less risky than MNT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZGLD.SW	MNT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.14%	13.87%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	20.66%	26.91%	-6.25%
Volatility (1Y) Calculated over the trailing 1-year period	23.60%	32.06%	-8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	20.32%	-4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.01%	19.23%	-5.22%