KILO-B.TO vs. VALT-U.TO

Last updated Jul 16, 2026

KILO-B.TO (Purpose Gold Bullion Fund ETF Non-Currency Hedged) and VALT-U.TO (CI Gold Bullion ETF (US$ Series)) are both Gold funds. Both are actively managed. Over the past 5 years, KILO-B.TO returned 19.65%/yr vs 20.48%/yr for VALT-U.TO. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

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

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

Different Trading Currencies

KILO-B.TO is traded in CAD, while VALT-U.TO is traded in USD. To make them comparable, the VALT-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 -4.13% return, which is significantly lower than VALT-U.TO's -2.68% return.

KILO-B.TO

• 1D: -0.19%
• 1M: -5.81%
• 6M: -11.67%
• YTD: -4.13%
• 1Y: 24.27%
• 3Y*: 29.71%
• 5Y*: 19.65%
• 10Y*: —

VALT-U.TO

• 1D: 1.69%
• 1M: -5.37%
• 6M: -10.32%
• YTD: -2.68%
• 1Y: 26.04%
• 3Y*: 30.79%
• 5Y*: 20.48%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged	-4.13%	56.51%	37.76%	10.43%	6.38%	-1.77%
VALT-U.TO CI Gold Bullion ETF (US$ Series)	-2.68%	57.87%	36.96%	10.73%	5.35%	-0.94%

Correlation

The correlation between KILO-B.TO and VALT-U.TO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 14, 2021	0.56

Over the past year, KILO-B.TO and VALT-U.TO have become more correlated (0.87) than their long-term average of 0.56, meaning their price movements have been converging.

Return for Risk

KILO-B.TO vs. VALT-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: 28
KILO-B.TO Sharpe Ratio Rank: 30
KILO-B.TO Sortino Ratio Rank: 28
KILO-B.TO Omega Ratio Rank: 33
KILO-B.TO Calmar Ratio Rank: 26
KILO-B.TO Martin Ratio Rank: 24

VALT-U.TO

VALT-U.TO Risk / Return Rank: 21
VALT-U.TO Sharpe Ratio Rank: 19
VALT-U.TO Sortino Ratio Rank: 21
VALT-U.TO Omega Ratio Rank: 30
VALT-U.TO Calmar Ratio Rank: 17
VALT-U.TO Martin Ratio Rank: 17

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. VALT-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 CI Gold Bullion ETF (US$ Series) (VALT-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.

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	VALT-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.92	0.63	+0.29
Sortino ratio: Return per unit of downside risk	1.31	1.13	+0.18
Omega ratio: Gain probability vs. loss probability	1.19	1.20	-0.01
Calmar ratio: Return relative to maximum drawdown	1.08	0.72	+0.36
Martin ratio: Return relative to average drawdown	2.50	1.69	+0.81

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

The current KILO-B.TO Sharpe Ratio is 0.92, which is higher than the VALT-U.TO Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of KILO-B.TO and VALT-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.

Drawdowns

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

The maximum KILO-B.TO drawdown since its inception was -22.56%, smaller than the maximum VALT-U.TO drawdown of -36.22%. Use the drawdown chart below to compare losses from any high point for KILO-B.TO and VALT-U.TO.

Drawdown Indicators

	KILO-B.TO	VALT-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.56%	-36.22%	+13.66%
Max Drawdown (1Y) Largest decline over 1 year	-22.56%	-36.22%	+13.66%
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	-36.22%	+13.66%
Max Drawdown (5Y) Largest decline over 5 years	-22.56%	-36.22%	+13.66%
Current Drawdown Current decline from peak	-22.18%	-35.13%	+12.95%
Average Drawdown Average peak-to-trough decline	-7.57%	-5.79%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.73%	15.28%	-5.55%

Volatility

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

The current volatility for Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) is 6.28%, while CI Gold Bullion ETF (US$ Series) (VALT-U.TO) has a volatility of 7.03%. This indicates that KILO-B.TO experiences smaller price fluctuations and is considered to be less risky than VALT-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KILO-B.TO	VALT-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	7.03%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	22.71%	38.73%	-16.02%
Volatility (1Y) Calculated over the trailing 1-year period	26.41%	41.29%	-14.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	23.09%	-5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	22.46%	-5.28%

Dividends

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

Neither KILO-B.TO nor VALT-U.TO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
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%
VALT-U.TO CI Gold Bullion ETF (US$ Series)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

KILO-B.TO and VALT-U.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

They also come from different issuers: Purpose Investments and CI.