KILO-B.TO vs. PSU-U.TO

Last updated Jun 5, 2026

KILO-B.TO (Purpose Gold Bullion Fund ETF Non-Currency Hedged) and PSU-U.TO (Purpose US Cash Fund) are both exchange-traded funds - KILO-B.TO is a Gold fund actively managed by Purpose Investments, while PSU-U.TO is a Money Market fund actively managed by Purpose Investments. Both are actively managed. Over the past 5 years, KILO-B.TO returned 22.03%/yr vs 5.62%/yr for PSU-U.TO. At a 0.02 correlation, their price movements are largely independent. KILO-B.TO charges 0.28%/yr vs 0.17%/yr for PSU-U.TO.

Performance

KILO-B.TO vs. PSU-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) and Purpose US Cash Fund (PSU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

KILO-B.TO is traded in CAD, while PSU-U.TO is traded in USD. To make them comparable, the PSU-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, KILO-B.TO achieves a 4.82% return, which is significantly higher than PSU-U.TO's 2.45% return.

KILO-B.TO

• 1D: 0.66%
• 1M: 0.22%
• YTD: 4.82%
• 6M: 5.56%
• 1Y: 34.38%
• 3Y*: 32.83%
• 5Y*: 22.03%
• 10Y*: —

PSU-U.TO

• 1D: 0.11%
• 1M: 2.35%
• YTD: 2.45%
• 6M: 0.86%
• 1Y: 4.47%
• 3Y*: 4.54%
• 5Y*: 5.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KILO-B.TO vs. PSU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged	4.82%	56.51%	37.76%	10.43%	6.38%	-4.67%	21.17%	12.88%	8.56%
PSU-U.TO Purpose US Cash Fund	2.45%	-1.75%	12.58%	1.64%	8.73%	-0.62%	-1.27%	-3.31%	4.06%

Correlation

The correlation between KILO-B.TO and PSU-U.TO is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Nov 1, 2018	0.02

The correlation between KILO-B.TO and PSU-U.TO shifts across timeframes, from -0.21 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

KILO-B.TO vs. PSU-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KILO-B.TO

KILO-B.TO Risk / Return Rank: 38
KILO-B.TO Sharpe Ratio Rank: 39
KILO-B.TO Sortino Ratio Rank: 35
KILO-B.TO Omega Ratio Rank: 44
KILO-B.TO Calmar Ratio Rank: 40
KILO-B.TO Martin Ratio Rank: 32

PSU-U.TO

PSU-U.TO Risk / Return Rank: 99
PSU-U.TO Sharpe Ratio Rank: 99
PSU-U.TO Sortino Ratio Rank: 99
PSU-U.TO Omega Ratio Rank: 99
PSU-U.TO Calmar Ratio Rank: 99
PSU-U.TO Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KILO-B.TO vs. PSU-U.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 Purpose US Cash Fund (PSU-U.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.

	KILO-B.TO	PSU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.38	0.98	+0.40
Sortino ratio: Return per unit of downside risk	1.81	1.37	+0.44
Omega ratio: Gain probability vs. loss probability	1.28	1.18	+0.10
Calmar ratio: Return relative to maximum drawdown	1.98	1.10	+0.88
Martin ratio: Return relative to average drawdown	4.86	2.85	+2.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KILO-B.TO vs. PSU-U.TO - Sharpe Ratio Comparison

The current KILO-B.TO Sharpe Ratio is 1.38, which is higher than the PSU-U.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of KILO-B.TO and PSU-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KILO-B.TO	PSU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	0.98	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.32	0.89	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.46	+0.75

Drawdowns

KILO-B.TO vs. PSU-U.TO - Drawdown Comparison

The maximum KILO-B.TO drawdown since its inception was -22.54%, which is greater than PSU-U.TO's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for KILO-B.TO and PSU-U.TO.

Drawdown Indicators

	KILO-B.TO	PSU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.54%	-16.93%	-5.61%
Max Drawdown (1Y) Largest decline over 1 year	-17.41%	-4.07%	-13.34%
Max Drawdown (3Y) Largest decline over 3 years	-17.41%	-5.47%	-11.94%
Max Drawdown (5Y) Largest decline over 5 years	-17.41%	-5.47%	-11.94%
Current Drawdown Current decline from peak	-14.92%	-0.59%	-14.33%
Average Drawdown Average peak-to-trough decline	-7.73%	-4.86%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.10%	1.57%	+5.53%

Volatility

KILO-B.TO vs. PSU-U.TO - Volatility Comparison

Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) has a higher volatility of 5.37% compared to Purpose US Cash Fund (PSU-U.TO) at 0.80%. This indicates that KILO-B.TO's price experiences larger fluctuations and is considered to be riskier than PSU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KILO-B.TO	PSU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	0.80%	+4.57%
Volatility (6M) Calculated over the trailing 6-month period	21.49%	3.43%	+18.06%
Volatility (1Y) Calculated over the trailing 1-year period	25.05%	4.58%	+20.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.84%	6.32%	+10.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	6.56%	+11.43%

KILO-B.TO vs. PSU-U.TO - Expense Ratio Comparison

KILO-B.TO has a 0.28% expense ratio, which is higher than PSU-U.TO's 0.17% expense ratio.

Dividends

KILO-B.TO vs. PSU-U.TO - Dividend Comparison

KILO-B.TO has not paid dividends to shareholders, while PSU-U.TO's dividend yield for the trailing twelve months is around 2.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%	0.00%	0.00%
PSU-U.TO Purpose US Cash Fund	2.70%	2.90%	3.65%	3.87%	1.45%	0.29%	0.41%	1.70%	1.20%

Frequently Asked Questions

Can I hold both KILO-B.TO and PSU-U.TO in my portfolio?

KILO-B.TO and PSU-U.TO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KILO-B.TO or PSU-U.TO?

On fees, PSU-U.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KILO-B.TO or PSU-U.TO?

PSU-U.TO is cheaper with a 0.17% expense ratio, compared with 0.28% for KILO-B.TO.

What is the main difference between KILO-B.TO and PSU-U.TO?

KILO-B.TO is categorized as Gold, while PSU-U.TO is Money Market. Their fees differ too: 0.28% for KILO-B.TO and 0.17% for PSU-U.TO.