A side-by-side comparison of Global X Gold Producers Index ETF (GLDX) and BMO Equal Weight Global Gold Index ETF (ZGD) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | GLDX | ZGD |
|---|---|---|
| YTD Return | +16.77%✓ | -87.55% |
| 1-Day Change | +2.77%✓ | +1.69% |
| 1-Week Change | +13.52%✓ | +9.25% |
| 1-Month Change | +32.88%✓ | -86.94% |
| Current Price | $58.20 | $33.65 |
| AUM | $294M | $397M✓ |
| MER (Expense Ratio) | — | 0% |
| Dividend Yield | 1.12%✓ | 0.24% |
| Distribution Frequency | Annually | Annually |
| Inception Date | 2024-11-06 | 2012-11-14 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | — | ★★★★ |
| Category | Precious Metals Equity | Precious Metals Equity |
| Beta | 0.00 | 1.12 |
| 52-Week High | $67.92 | $38.50 |
| 52-Week Low | $34.50 | $3.02 |
| 50-Day MA | $47.74 | $27.85 |
| 200-Day MA | $52.14 | $29.46 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | GLDX | ZGD |
|---|---|---|
| YTD | +16.77%✓ | -87.55% |
| 1 Year | +77.45% | +91.61%✓ |
| 3 Year | — | +73.28% |
| 5 Year | — | +40.34% |
| 10 Year | — | +17.71% |
| 1Y Volatility | 52.37% | 51.74% |
| Sharpe Ratio (3Y) | — | 1.20 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NEM | Newmont Goldcorp Corp | 11.36% |
| 2 | ABX | Barrick Gold Corp | 11.35% |
| 3 | AU | AngloGold Ashanti plc | 10.33% |
| 4 | AEM | Agnico Eagle Mines Limited | 9.14% |
| 5 | GFI | Gold Fields Ltd ADR | 8.82% |
| 6 | K | Kinross Gold Corp | 8.73% |
| 7 | PAAS | Pan American Silver Corp | 5.73% |
| 8 | CDE | Coeur Mining Inc | 4.87% |
| 9 | LUG | Lundin Gold Inc | 4.27% |
| 10 | AGI | Alamos Gold Inc | 3.68% |
| 1 | CDE | Coeur Mining Inc | 3.78% |
| 2 | MAU | Montage Gold Corp. | 2.94% |
| 3 | WDO | Wesdome Gold Mines Ltd. | 2.89% |
| 4 | ORE | Orezone Gold Corp | 2.61% |
| 5 | SSRM | SSR Mining Inc | 2.48% |
| 6 | DPM | Dundee Precious Metals Inc | 2.43% |
| 7 | CG | Centerra Gold Inc | 2.40% |
| 8 | SXGC | Southern Cross Gold Consolidated Ltd. | 2.35% |
| 9 | DSV | Discovery Silver Corp. | 2.35% |
| 10 | RIO | Rio2 Ltd | 2.26% |
Sector Weights
| Sector | GLDX | ZGD |
|---|---|---|
| Basic Materials | 100.00% | 100.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About GLDX
Global X Gold Producers Index ETF (GLDX.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About ZGD
BMO Equal Weight Global Gold Index ETF (ZGD.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both GLDX and ZGD are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, GLDX scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between GLDX and ZGD?
GLDX (Global X Gold Producers Index ETF) and ZGD (BMO Equal Weight Global Gold Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($294M vs $397M), dividend yield (1.12% vs 0.24%), and year-to-date performance (+16.77% vs -87.55%).
Is GLDX better than ZGD?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, GLDX has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy GLDX and ZGD on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both GLDX and ZGD should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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