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Compare BMO Equal Weight Global Gold Index ETF (ZGD) vs iShares S&P/TSX Global Gold Index ETF (XGD) to find the best fit for your portfolio. ZGD and XGD provide the same top sector exposures: Non-Energy Materials. When evaluating costs, ZGD features a management fee (MER) of 0.55%, compared to 0.55% for XGD. Performance-wise, ZGD has returned 19.89% year-to-date with +$75 M in net flows, whereas XGD is at 14.08% with +$178 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
ZGD
XGD
| AuM | $402.18 M | $4,531.25 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -0.63% | 1.07% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZGD | +3.74% | +12.22% | +19.89% | +58.65% | +370.46% |
XGD | +2.63% | +7.05% | +14.08% | +41.25% | +242.65% | |
| Flows | ZGD | +$23 M | +$44 M | +$75 M | +$93 M | +$130 M |
XGD | +$203 M | +$394 M | +$178 M | +$69 M | +$503 M |
ZGD vs XGD exposure
Countries
ZGD
Canada
73.22%
USA
20.64%
XGD
Canada
62.80%
USA
29.30%
Other
7.89%
Sectors
ZGD
Non-Energy Materials
100.00%
XGD
Non-Energy Materials
99.97%
As of September 16, 2026
Top 10 Holdings
ZGD
Coeur Mining, Inc.
3.69%
Wesdome Gold Mines Ltd.
2.98%
Equinox Gold Corp.
2.95%
Montage Gold Corp.
2.93%
Centerra Gold, Inc.
2.65%
DPM Metals, Inc.
2.51%
Orezone Gold Corp.
2.50%
Southern Cross Gold Consolidated Ltd.
2.49%
Discovery Mining Ltd.
2.38%
SSR Mining, Inc.
2.37%
XGD
Newmont Corp.
16.15%
Agnico Eagle Mines Ltd.
12.11%
Barrick Mining Corp.
9.96%
Wheaton Precious Metals Corp.
8.12%
Franco-Nevada Corp.
6.73%
Anglogold Ashanti Plc
5.52%
Gold Fields Ltd.
4.74%
Kinross Gold Corp.
4.45%
Pan American Silver Corp.
2.93%
Royal Gold, Inc.
2.61%
Diversification
ZGD
Total weight of top 10 holdings out of 48 total
27.45%
XGD
Total weight of top 10 holdings out of 66 total
73.31%
Characteristics
Compare
ZGD
XGD
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Global Gold Index - CAD | S&P/TSX Global Gold Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.18% | 0.72% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | March 23, 2001 |
Frequently asked questions about ZGD and XGD
Which ETF has performed better year to date: ZGD or XGD?
As of September 16, 2026, ZGD has returned 19.89% year to date, while XGD has returned 14.08%. ZGD is ahead on YTD performance.
Which ETF is larger by assets under management: ZGD or XGD?
As of September 16, 2026, ZGD manages $402.18 M in assets, while XGD manages $4.53 B. XGD is the larger fund by AUM.
How are ZGD and XGD managed?
ZGD is passively managed by BMO. It tracks the Solactive Equal Weight Global Gold Index - CAD benchmark. XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold Index - CAD benchmark.
What sectors do ZGD and XGD emphasize?
ZGD is most exposed to Non-Energy Materials. XGD is most exposed to Non-Energy Materials.
Which ETF is attracting more investor flows: ZGD or XGD?
Year to date, ZGD has seen +$75.40 M in net flows, compared with +$177.79 M for XGD. XGD has attracted more net investor money so far.
How do the fees of ZGD and XGD compare?
ZGD has an expense ratio of 0.60%, while XGD has an expense ratio of 0.61%.
What are the top holdings of ZGD and XGD?
ZGD's largest holdings include Coeur Mining, Inc., Wesdome Gold Mines Ltd., and Equinox Gold Corp.. XGD's top holdings include Newmont Corp., Agnico Eagle Mines Ltd., and Barrick Mining Corp..
Which ETF is more diversified: ZGD or XGD?
ZGD holds 48 securities, while XGD holds 66. On holdings count, XGD is the more diversified portfolio.
Recent articles about ZGD and XGD
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.