^XAU vs. GOLD.TO
Compare and contrast key facts about Philadelphia Gold and Silver Index (^XAU) and GoldMining Inc. (GOLD.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XAU or GOLD.TO.
Key characteristics
| ^XAU | GOLD.TO | |
|---|---|---|
| YTD Return | 27.61% | 6.92% |
| 1Y Return | 37.82% | 25.23% |
| 3Y Return (Ann) | 7.14% | -6.88% |
| 5Y Return (Ann) | 12.41% | 3.17% |
| 10Y Return (Ann) | 5.69% | 4.83% |
| Sharpe Ratio | 1.26 | 0.69 |
| Daily Std Dev | 31.65% | 36.59% |
| Max Drawdown | -83.04% | -76.83% |
| Current Drawdown | -29.95% | -63.32% |
Correlation
The correlation between ^XAU and GOLD.TO is 0.42, 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.
Performance
^XAU vs. GOLD.TO - Performance Comparison
In the year-to-date period, ^XAU achieves a 27.61% return, which is significantly higher than GOLD.TO's 6.92% return. Over the past 10 years, ^XAU has outperformed GOLD.TO with an annualized return of 5.69%, while GOLD.TO has yielded a comparatively lower 4.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^XAU vs. GOLD.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Philadelphia Gold and Silver Index (^XAU) and GoldMining Inc. (GOLD.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.
Drawdowns
^XAU vs. GOLD.TO - Drawdown Comparison
The maximum ^XAU drawdown since its inception was -83.04%, which is greater than GOLD.TO's maximum drawdown of -76.83%. Use the drawdown chart below to compare losses from any high point for ^XAU and GOLD.TO. For additional features, visit the drawdowns tool.
Volatility
^XAU vs. GOLD.TO - Volatility Comparison
The current volatility for Philadelphia Gold and Silver Index (^XAU) is 9.60%, while GoldMining Inc. (GOLD.TO) has a volatility of 11.82%. This indicates that ^XAU experiences smaller price fluctuations and is considered to be less risky than GOLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.