A side-by-side comparison of Global X Enhanced Income Gold Producers Common Class (HEP) and BMO Equal Weight Global Gold Index ETF (ZGD) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | HEP | ZGD |
|---|---|---|
| YTD Return | -7.60% | +4.40%✓ |
| 1-Day Change | -7.60% | +1.06%✓ |
| 1-Week Change | +67.06%✓ | -3.39% |
| 1-Month Change | — | -2.11% |
| Current Price | $60.16 | $282.23 |
| AUM | $564M✓ | $298M |
| MER (Expense Ratio) | 0.81% | 0%✓ |
| Dividend Yield | 6.82%✓ | 0.20% |
| Distribution Frequency | Monthly | Annually |
| Inception Date | 2011-04-11 | 2012-11-14 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★★ | ★★★★ |
| Category | Precious Metals Equity | Precious Metals Equity |
| Beta | 0.96 | 1.12 |
| 52-Week High | $72.49 | $385.00 |
| 52-Week Low | $34.92 | $150.33 |
| 50-Day MA | $23.67 | $300.77 |
| 200-Day MA | $27.50 | $286.03 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | HEP | ZGD |
|---|---|---|
| YTD | -7.60% | +4.40%✓ |
| 1 Year | +50.15% | +70.97%✓ |
| 3 Year | +39.29% | +54.38%✓ |
| 5 Year | +20.19% | +28.85%✓ |
| 10 Year | +13.80% | +17.02%✓ |
| 1Y Volatility | 41.28% | 46.97% |
| Sharpe Ratio (3Y) | 1.15 | 1.36 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | OR | OR Royalties Inc. | 9.71% |
| 2 | FNV | Franco-Nevada Corporation | 8.65% |
| 3 | NEM | Newmont Goldcorp Corp | 8.43% |
| 4 | RGLD | Royal Gold Inc | 7.90% |
| 5 | WPM | Wheaton Precious Metals Corp | 7.53% |
| 6 | PAAS | Pan American Silver Corp | 7.41% |
| 7 | EDV | Endeavour Mining Corp | 7.26% |
| 8 | KL | Kirkland Lake Gold Ltd | 6.60% |
| 9 | AEM | Agnico Eagle Mines Limited | 6.37% |
| 10 | YRI | Yamana Gold Inc | 6.18% |
| 1 | CDE | Coeur Mining Inc | 3.68% |
| 2 | R05 | Rupert Resources Ltd | 3.03% |
| 3 | WDO | Wesdome Gold Mines Ltd. | 2.59% |
| 4 | ORE | Orezone Gold Corp | 2.35% |
| 5 | SSRM | SSR Mining Inc | 2.30% |
| 6 | MAU | Montage Gold Corp. | 2.21% |
| 7 | RIO | Rio2 Ltd | 2.19% |
| 8 | NEM | Newmont Goldcorp Corp | 2.18% |
| 9 | EDV | Endeavour Mining Corp | 2.14% |
| 10 | PAAS | Pan American Silver Corp | 2.14% |
Sector Weights
| Sector | HEP | 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 HEP
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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 HEP 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, HEP 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 HEP and ZGD?
HEP (Global X Enhanced Income Gold Producers Common Class) and ZGD (BMO Equal Weight Global Gold Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($564M vs $298M), dividend yield (6.82% vs 0.20%), and year-to-date performance (-7.60% vs +4.40%).
Is HEP better than ZGD?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy HEP and ZGD on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both HEP and ZGD should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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