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Compare iShares S&P/TSX Global Gold Index ETF (XGD) vs BMO Equal Weight Global Gold Index ETF (ZGD) to find the best fit for your portfolio. XGD and ZGD provide the same top sector exposures: Non-Energy Materials. When evaluating costs, XGD features a management fee (MER) of 0.55%, compared to 0.55% for ZGD. Performance-wise, XGD has returned 2.7% year-to-date with +$419 M in net flows, whereas ZGD is at 5.86% with +$40 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
XGD
ZGD
| AuM | $4,092.43 M | $281.07 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.60% |
| Tracking Difference | 0.91% | -0.40% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGD | -10.91% | +2.57% | -2.70% | +15.16% | +202.72% |
ZGD | -15.41% | -4.92% | -5.86% | +15.90% | +262.04% | |
| Flows | XGD | +$212 M | +$697 M | +$419 M | +$355 M | +$728 M |
ZGD | -$29 M | +$16 M | +$40 M | +$28 M | +$91 M |
XGD vs ZGD exposure
Countries
XGD
Canada
62.27%
USA
29.78%
Other
7.95%
ZGD
Canada
74.15%
USA
20.40%
Sectors
XGD
Non-Energy Materials
99.92%
ZGD
Non-Energy Materials
100.00%
As of November 2, 2026
Top 10 Holdings
XGD
Newmont Corp.
16.56%
Agnico Eagle Mines Ltd.
12.68%
Barrick Mining Corp.
9.14%
Wheaton Precious Metals Corp.
8.29%
Franco-Nevada Corp.
6.27%
Anglogold Ashanti Plc
5.51%
Gold Fields Ltd.
4.41%
Kinross Gold Corp.
3.91%
Royal Gold, Inc.
2.73%
Pan American Silver Corp.
2.59%
ZGD
Orezone Gold Corp.
2.37%
DPM Metals, Inc.
2.16%
Wesdome Gold Mines Ltd.
2.13%
Montage Gold Corp.
2.11%
Torex Gold Resources, Inc.
2.08%
Centerra Gold, Inc.
2.04%
B2Gold Corp.
2.03%
Snowline Gold Corp.
2.01%
Southern Cross Gold Consolidated Ltd.
2.00%
K92 Mining, Inc.
2.00%
Diversification
XGD
Total weight of top 10 holdings out of 67 total
72.09%
ZGD
Total weight of top 10 holdings out of 52 total
20.94%
Characteristics
Compare
XGD
ZGD
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Gold Index - CAD | Solactive Equal Weight Global Gold Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.85% | 0.23% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2001 | November 14, 2012 |
Frequently asked questions about XGD and ZGD
Which ETF has performed better year to date: XGD or ZGD?
As of November 2, 2026, XGD has returned -2.70% year to date, while ZGD has returned -5.86%. XGD is ahead on YTD performance.
Which ETF is larger by assets under management: XGD or ZGD?
As of November 2, 2026, XGD manages $4.09 B in assets, while ZGD manages $281.07 M. XGD is the larger fund by AUM.
How are XGD and ZGD managed?
XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold Index - CAD benchmark. ZGD is passively managed by BMO. It tracks the Solactive Equal Weight Global Gold Index - CAD benchmark.
What sectors do XGD and ZGD emphasize?
XGD is most exposed to Non-Energy Materials. ZGD is most exposed to Non-Energy Materials.
Which ETF is attracting more investor flows: XGD or ZGD?
Year to date, XGD has seen +$419.05 M in net flows, compared with +$39.84 M for ZGD. XGD has attracted more net investor money so far.
How do the fees of XGD and ZGD compare?
XGD has an expense ratio of 0.61%, while ZGD has an expense ratio of 0.60%.
What are the top holdings of XGD and ZGD?
XGD's largest holdings include Newmont Corp., Agnico Eagle Mines Ltd., and Barrick Mining Corp.. ZGD's top holdings include Orezone Gold Corp., DPM Metals, Inc., and Wesdome Gold Mines Ltd..
Which ETF is more diversified: XGD or ZGD?
XGD holds 67 securities, while ZGD holds 52. On holdings count, XGD is the more diversified portfolio.
Recent articles about XGD and ZGD
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