ZGD.TO
BMO Equal Weight Global Gold Index ETF
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 340.1 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Inception date | Nov 14, 2012 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| COEUR D'ALENE MINES CORP | 3.5 % |
| RUPERT RESOURCES LTD | 3.0 % |
| WESDOME GOLD MINES LTD | 2.6 % |
| SSR MINING INC | 2.3 % |
| PAN AMERICAN SILVER CORP | 2.3 % |
| OREZONE GOLD CORP | 2.3 % |
| SOUTHERN CROSS GOLD CONSOLID | 2.3 % |
| MONTAGE GOLD CORP | 2.2 % |
| ENDEAVOUR MINING PLC | 2.2 % |
| MCEWEN INC. | 2.2 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 210 |
| Wgt avg mkt cap (mns) | $12,012 |
| Large cap (>$10bn) | 26.9% |
| Mid cap ($2-10bn) | 33.5% |
| Small cap (<$2bn) | 4.2% |
| Developed mkts. | 80.4% |
| Emerging mkts. | 3.6% |
Sector Breakdown
Country Exposure
 |
Canada | 62.9 % |
 |
UNITED STATES | 15.3 % |
 |
SOUTH AFRICA | 3.6 % |
 |
BRITAIN | 2.2 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.7% | 105.6% | 79.3% | 59.8% | 31.0% | 19.3% | -- | 11.0% |
| Dividend Yield | 0.0% | 0.5% | 0.7% | 0.8% | 0.7% | 0.5% | -- | 0.5% |
| Total Returns | 11.7% | 106.1% | 80.0% | 60.6% | 31.7% | 19.8% | -- | 11.5% | Ann. Volatility | 55.1% | 45.6% | 40.4% | 37.3% | 36.4% | 37.5% | -- | 39.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.34 | 12% |
| MSCI EAFE | 1.43 | 22% |
| MSCI Emg Mkts | 1.10 | 23% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $4 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $304.58 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -3.97/-3.58 |
| Bollinger Bands (Upper/Lower) | $332.07/$271.59 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZGD.TO |
Expenses vs. ZGD.TO |
ALTAR Score™ vs. ZGD.TO |
|---|---|---|---|---|
| ZJG.TO | BMO Junior Gold Index ETF | 43.7% | 0 bp | -0.3% |
| XGD.TO | iShares S&P/TSX Global Gold Index ETF | 39.9% | +6 bp | -0.4% |
| GLDX.TO | Global X Gold Producers Index ETF | 32.2% | -15 bp | +0.5% |
| XMA.TO | iShares S&P/TSX Capped Materials Index ETF | 30.5% | 0 bp | -0.9% |
| HGGG.TO | Harvest Global Gold Giants Index ETF | 28.5% | -15 bp | +0.2% |
| AMAX.TO | Hamilton Gold Producer YIELD MAXIMIZER TM ETF | 27.4% | +10 bp | +0.0% |
| XMD.TO | iShares S&P/TSX Completion Index ETF | 18.7% | +5 bp | +0.5% |
| FCCQ.TO | Fidelity Canadian High Quality ETF | 17.8% | -20 bp | +1.9% |
| MCSM.TO | Manulife Multifactor Canadian SMID Cap Index ETF | 16.1% | -5 bp | +1.2% |
| CACE.TO | Avantis CIBC Canadian Equity ETF | 14.4% | -36 bp | +2.0% |
Risk and Returns: ZGD.TO 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 (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 6/4/2026
Peer Group Comparison
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ETF Research Center Rating
3.8%
ALTAR SCORE™
42nd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 726 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. ZGD.TO's ALTAR Score™ is approximately -0.2 standard
deviations above the category average. This places ZGD.TO in the 42nd percentile
among funds in the category.
Sell-Side Consensus
$411.52
PRICE TARGET
+41.6%
UPSIDE