XGD-CA
iShares S&P/TSX Global Gold Index ETF
XGD seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Global Gold Index, net of expenses. Under normal market conditions, XGD will primarily invest in equity securities issued by internation
Passive, Concentrated
MANAGEMENT MATRIX
TSX
PRIMARY EXCHANGE
C$
19.13
Apr 23, 2024
Fund Basics
| Fund sponsor | Blackrock |
| Category | Canadian Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 12, 2001 |
| Assets (mns) | $1,207 |
| Expense ratio | 62 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Quarterly |
| Taxation | |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NEWMONT MINING CORP | 18.1 % |
| BARRICK GOLD CORPORATION | 12.9 % |
| AGNICO-EAGLE MINES LTD | 12.0 % |
| FRANCO-NEVADA CORP | 10.1 % |
| SILVER WHEATON CORP | 9.1 % |
| GOLD FIELDS LTD-SPONS ADR | 5.9 % |
| ROYAL GOLD INC | 3.4 % |
| KINROSS GOLD CORP | 3.0 % |
| ALAMOS GOLD INC. | 2.3 % |
| CIA DE MINAS BUENAVENTUR-ADR | 1.8 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 900 |
| Wgt avg mkt cap (mns) | $18,526 |
| Large cap (>$10bn) | 70.2% |
| Mid cap ($2-10bn) | 19.8% |
| Small cap (<$2bn) | 10.0% |
| Developed mkts. | 89.9% |
| Emerging mkts. | 10.1% |
Country Exposure
|
CANADA | 62.4 % |
 |
UNITED STATES | 22.1 % |
 |
SOUTH AFRICA | 7.6 % |
 |
PERU | 1.8 % |
 |
BRITAIN | 1.5 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -13.3% | -19.5% | -12.9% | -1.0% | 7.5% | 4.7% | 4.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.32 | 4% |
| MSCI EAFE | 0.58 | 12% |
| MSCI Emg Mkts | 0.54 | 11% |
Liquidity Measures
| Avg. volume (000) | 514 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $1,253 |
Technical Indicators
| Recent close | $19.13 |
| 30d moving avg. | $17.30 |
| Annualized volatility | 28.7% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XGD-CA |
Expenses vs. XGD-CA |
ALTAR Score™ vs. XGD-CA |
|---|
Risk and Returns: XGD-CA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/23/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XGD-CA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
XGD-CA
4.8%
Cat. Avg
7.6%
Fund Category: Canadian Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.8% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 19 funds in the Canadian Equities category, with an average ALTAR Score™
of 7.6% and a standard deviation of
1.2%. XGD-CA's ALTAR Score™ is approximately
2.4 standard deviations
below
the category average. This places XGD-CA in the 1st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XGD-CA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown