AMAX.TO vs. KILO.TO
AMAX.TO (Hamilton Gold Producer YIELD MAXIMIZER ETF) and KILO.TO (Purpose Gold Bullion Fund) are both Gold funds. Both are actively managed. Over the past year, AMAX.TO returned 33.93% vs 16.96% for KILO.TO. A 0.77 correlation means they provide meaningful diversification when combined. AMAX.TO charges 0.65%/yr vs 0.28%/yr for KILO.TO.
Performance
AMAX.TO vs. KILO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, AMAX.TO achieves a -11.29% return, which is significantly lower than KILO.TO's -8.68% return.
AMAX.TO
- 1D
- -3.78%
- 1M
- -12.33%
- YTD
- -11.29%
- 6M
- -14.60%
- 1Y
- 33.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KILO.TO
- 1D
- -3.18%
- 1M
- -12.27%
- YTD
- -8.68%
- 6M
- -12.08%
- 1Y
- 16.96%
- 3Y*
- 25.38%
- 5Y*
- 15.98%
- 10Y*
- —
AMAX.TO vs. KILO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMAX.TO Hamilton Gold Producer YIELD MAXIMIZER ETF | -11.29% | 113.24% | 27.49% |
KILO.TO Purpose Gold Bullion Fund | -8.68% | 60.17% | 27.80% |
Correlation
The correlation between AMAX.TO and KILO.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024 | 0.77 |
The correlation between AMAX.TO and KILO.TO has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.
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Return for Risk
AMAX.TO vs. KILO.TO — Risk / Return Rank
AMAX.TO
KILO.TO
AMAX.TO vs. KILO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Gold Producer YIELD MAXIMIZER ETF (AMAX.TO) and Purpose Gold Bullion Fund (KILO.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMAX.TO | KILO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.63 | +0.41 |
| Martin ratioReturn relative to average drawdown | 2.70 | 1.77 | +0.92 |
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Drawdowns
AMAX.TO vs. KILO.TO - Drawdown Comparison
The maximum AMAX.TO drawdown since its inception was -32.73%, which is greater than KILO.TO's maximum drawdown of -26.91%. Use the drawdown chart below to compare losses from any high point for AMAX.TO and KILO.TO.
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Drawdown Indicators
| AMAX.TO | KILO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -26.91% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -32.73% | -26.91% | -5.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.91% | — |
Current DrawdownCurrent decline from peak | -30.92% | -26.91% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -6.80% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.61% | 9.58% | +3.03% |
Volatility
AMAX.TO vs. KILO.TO - Volatility Comparison
Hamilton Gold Producer YIELD MAXIMIZER ETF (AMAX.TO) has a higher volatility of 15.60% compared to Purpose Gold Bullion Fund (KILO.TO) at 8.35%. This indicates that AMAX.TO's price experiences larger fluctuations and is considered to be riskier than KILO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMAX.TO | KILO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.60% | 8.35% | +7.25% |
Volatility (6M)Calculated over the trailing 6-month period | 35.48% | 23.81% | +11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.37% | 27.43% | +14.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.81% | 18.18% | +16.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.81% | 17.90% | +16.91% |
AMAX.TO vs. KILO.TO - Expense Ratio Comparison
AMAX.TO has a 0.65% expense ratio, which is higher than KILO.TO's 0.28% expense ratio.
Dividends
AMAX.TO vs. KILO.TO - Dividend Comparison
AMAX.TO's dividend yield for the trailing twelve months is around 10.04%, while KILO.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AMAX.TO Hamilton Gold Producer YIELD MAXIMIZER ETF | 10.04% | 6.96% | 9.67% | 0.00% | 0.00% | 0.00% | 0.00% |
KILO.TO Purpose Gold Bullion Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.41% |
Frequently Asked Questions
AMAX.TO and KILO.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KILO.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KILO.TO is cheaper with a 0.28% expense ratio, compared with 0.65% for AMAX.TO.
They also come from different issuers: Hamilton Capital and Purpose Investments. Their fees differ too: 0.65% for AMAX.TO and 0.28% for KILO.TO.
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