KILO-B.TO vs. GLDX.TO
KILO-B.TO (Purpose Gold Bullion Fund ETF Non-Currency Hedged) and GLDX.TO (Global X Gold Producers Index ETF) are both Gold funds. KILO-B.TO is actively managed, while GLDX.TO is passively managed. Over the past year, KILO-B.TO returned 24.86% vs 58.42% for GLDX.TO. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
KILO-B.TO vs. GLDX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, KILO-B.TO achieves a -3.54% return, which is significantly higher than GLDX.TO's -10.40% return.
KILO-B.TO
- 1D
- 0.85%
- 1M
- -8.01%
- YTD
- -3.54%
- 6M
- -6.59%
- 1Y
- 24.86%
- 3Y*
- 30.96%
- 5Y*
- 20.87%
- 10Y*
- —
GLDX.TO
- 1D
- 1.71%
- 1M
- -13.29%
- YTD
- -10.40%
- 6M
- -13.70%
- 1Y
- 58.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KILO-B.TO vs. GLDX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged | -3.54% | 56.51% | 0.72% |
GLDX.TO Global X Gold Producers Index ETF | -10.40% | 178.05% | -10.27% |
Correlation
The correlation between KILO-B.TO and GLDX.TO is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.74 |
The correlation between KILO-B.TO and GLDX.TO has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
KILO-B.TO vs. GLDX.TO — Risk / Return Rank
KILO-B.TO
GLDX.TO
KILO-B.TO vs. GLDX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) and Global X Gold Producers Index ETF (GLDX.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.
| KILO-B.TO | GLDX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.67 | -0.55 |
| Martin ratioReturn relative to average drawdown | 2.93 | 4.25 | -1.32 |
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Drawdowns
KILO-B.TO vs. GLDX.TO - Drawdown Comparison
The maximum KILO-B.TO drawdown since its inception was -22.37%, smaller than the maximum GLDX.TO drawdown of -35.22%. Use the drawdown chart below to compare losses from any high point for KILO-B.TO and GLDX.TO.
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Drawdown Indicators
| KILO-B.TO | GLDX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.37% | -35.22% | +12.85% |
Max Drawdown (1Y)Largest decline over 1 year | -22.37% | -35.22% | +12.85% |
Max Drawdown (3Y)Largest decline over 3 years | -22.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.37% | — | — |
Current DrawdownCurrent decline from peak | -21.71% | -32.92% | +11.21% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -7.45% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 13.78% | -5.29% |
Volatility
KILO-B.TO vs. GLDX.TO - Volatility Comparison
The current volatility for Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) is 8.12%, while Global X Gold Producers Index ETF (GLDX.TO) has a volatility of 17.00%. This indicates that KILO-B.TO experiences smaller price fluctuations and is considered to be less risky than GLDX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KILO-B.TO | GLDX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 17.00% | -8.88% |
Volatility (6M)Calculated over the trailing 6-month period | 22.71% | 38.89% | -16.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.08% | 48.32% | -22.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 44.57% | -27.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 44.57% | -27.43% |
Dividends
KILO-B.TO vs. GLDX.TO - Dividend Comparison
KILO-B.TO has not paid dividends to shareholders, while GLDX.TO's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | 1.08% | 0.97% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% |
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.69% |
Frequently Asked Questions
KILO-B.TO and GLDX.TO have a correlation of 0.78, 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: Purpose Investments and Global X.
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