HGY.TO vs. KILO.TO
HGY.TO (Global X Gold Yield ETF) and KILO.TO (Purpose Gold Bullion Fund) are both Gold funds. Both are actively managed. Over the past 5 years, HGY.TO returned 12.51%/yr vs 16.78%/yr for KILO.TO. Their correlation of 0.89 suggests significant overlap in exposure. HGY.TO charges 0.86%/yr vs 0.28%/yr for KILO.TO.
Performance
HGY.TO vs. KILO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HGY.TO achieves a -6.18% return, which is significantly lower than KILO.TO's -5.68% return.
HGY.TO
- 1D
- -1.77%
- 1M
- -8.46%
- YTD
- -6.18%
- 6M
- -9.09%
- 1Y
- 14.05%
- 3Y*
- 21.46%
- 5Y*
- 12.51%
- 10Y*
- 6.35%
KILO.TO
- 1D
- -1.81%
- 1M
- -9.01%
- YTD
- -5.68%
- 6M
- -9.56%
- 1Y
- 18.91%
- 3Y*
- 26.73%
- 5Y*
- 16.78%
- 10Y*
- —
HGY.TO vs. KILO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HGY.TO Global X Gold Yield ETF | -6.18% | 48.66% | 21.36% | 9.51% | -3.64% | -7.21% | -3.52% |
KILO.TO Purpose Gold Bullion Fund | -5.68% | 60.17% | 25.97% | 12.15% | -0.90% | -4.72% | -2.21% |
Correlation
The correlation between HGY.TO and KILO.TO is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.89 |
The correlation between HGY.TO and KILO.TO has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
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Return for Risk
HGY.TO vs. KILO.TO — Risk / Return Rank
HGY.TO
KILO.TO
HGY.TO vs. KILO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Yield ETF (HGY.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.
| HGY.TO | KILO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.76 | -0.13 |
| Martin ratioReturn relative to average drawdown | 1.78 | 2.01 | -0.23 |
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Drawdowns
HGY.TO vs. KILO.TO - Drawdown Comparison
The maximum HGY.TO drawdown since its inception was -48.61%, 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 HGY.TO and KILO.TO.
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Drawdown Indicators
| HGY.TO | KILO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -24.90% | -23.71% |
Max Drawdown (1Y)Largest decline over 1 year | -22.37% | -24.90% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.37% | -24.90% | +2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.37% | -24.90% | +2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -25.23% | — | — |
Current DrawdownCurrent decline from peak | -21.67% | -24.51% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -30.64% | -6.79% | -23.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 9.44% | -1.51% |
Volatility
HGY.TO vs. KILO.TO - Volatility Comparison
Global X Gold Yield ETF (HGY.TO) has a higher volatility of 9.48% compared to Purpose Gold Bullion Fund (KILO.TO) at 7.88%. This indicates that HGY.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
| HGY.TO | KILO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 7.88% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 22.42% | 23.72% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.87% | 27.23% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 18.13% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 17.86% | -2.22% |
HGY.TO vs. KILO.TO - Expense Ratio Comparison
HGY.TO has a 0.86% expense ratio, which is higher than KILO.TO's 0.28% expense ratio.
Dividends
HGY.TO vs. KILO.TO - Dividend Comparison
HGY.TO's dividend yield for the trailing twelve months is around 6.61%, while KILO.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGY.TO Global X Gold Yield ETF | 6.61% | 4.92% | 5.32% | 6.10% | 3.72% | 2.93% | 2.86% | 2.09% | 2.33% | 2.31% | 2.69% | 3.07% |
KILO.TO Purpose Gold Bullion Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, HGY.TO and KILO.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.86% for HGY.TO.
They also come from different issuers: Global X and Purpose Investments. Their fees differ too: 0.86% for HGY.TO and 0.28% for KILO.TO.
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