GLDX.TO vs. KILO.TO
GLDX.TO (Global X Gold Producers Index ETF) and KILO.TO (Purpose Gold Bullion Fund) are both Gold funds. GLDX.TO is passively managed, while KILO.TO is actively managed. Over the past year, GLDX.TO returned 58.70% vs 18.91% for KILO.TO. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
GLDX.TO vs. KILO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GLDX.TO achieves a -7.62% return, which is significantly lower than KILO.TO's -5.68% return.
GLDX.TO
- 1D
- -3.64%
- 1M
- -6.73%
- YTD
- -7.62%
- 6M
- -12.30%
- 1Y
- 58.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KILO.TO
- 1D
- -1.81%
- 1M
- -9.01%
- YTD
- -5.68%
- 6M
- -9.56%
- 1Y
- 18.91%
- 3Y*
- 26.73%
- 5Y*
- 16.78%
- 10Y*
- —
GLDX.TO vs. KILO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | -7.62% | 178.05% | -10.27% |
KILO.TO Purpose Gold Bullion Fund | -5.68% | 60.17% | -3.15% |
Correlation
The correlation between GLDX.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 Nov 8, 2024 | 0.75 |
The correlation between GLDX.TO and KILO.TO has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
GLDX.TO vs. KILO.TO — Risk / Return Rank
GLDX.TO
KILO.TO
GLDX.TO vs. KILO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Producers Index ETF (GLDX.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.
| GLDX.TO | KILO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.76 | +0.91 |
| Martin ratioReturn relative to average drawdown | 4.38 | 2.01 | +2.37 |
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Drawdowns
GLDX.TO vs. KILO.TO - Drawdown Comparison
The maximum GLDX.TO drawdown since its inception was -35.22%, which is greater than KILO.TO's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for GLDX.TO and KILO.TO.
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Drawdown Indicators
| GLDX.TO | KILO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.22% | -24.90% | -10.32% |
Max Drawdown (1Y)Largest decline over 1 year | -35.22% | -24.90% | -10.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.90% | — |
Current DrawdownCurrent decline from peak | -30.84% | -24.51% | -6.33% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -6.79% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.47% | 9.44% | +4.03% |
Volatility
GLDX.TO vs. KILO.TO - Volatility Comparison
Global X Gold Producers Index ETF (GLDX.TO) has a higher volatility of 16.57% compared to Purpose Gold Bullion Fund (KILO.TO) at 7.88%. This indicates that GLDX.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
| GLDX.TO | KILO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.57% | 7.88% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 38.70% | 23.72% | +14.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.28% | 27.23% | +21.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.49% | 18.13% | +26.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.49% | 17.86% | +26.63% |
Dividends
GLDX.TO vs. KILO.TO - Dividend Comparison
GLDX.TO's dividend yield for the trailing twelve months is around 1.05%, while KILO.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | 1.05% | 0.97% | 0.08% | 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
GLDX.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.
They also come from different issuers: Global X and Purpose Investments.
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