KILO.TO vs. AMAX
KILO.TO (Purpose Gold Bullion Fund) and AMAX (RH Hedged Multi-Asset Income ETF) are both exchange-traded funds - KILO.TO is a fund fund, while AMAX is a Nontraditional Bonds fund actively managed by Adaptive. Over the past 3 years, KILO.TO returned 29.46%/yr vs 10.12%/yr for AMAX. At a 0.20 correlation, their price movements are largely independent.
Performance
KILO.TO vs. AMAX - Performance Comparison
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Different Trading Currencies
KILO.TO is traded in CAD, while AMAX is traded in USD. To make them comparable, the AMAX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, KILO.TO achieves a 2.15% return, which is significantly lower than AMAX's 5.23% return.
KILO.TO
- 1D
- -0.72%
- 1M
- -1.92%
- YTD
- 2.15%
- 6M
- 4.08%
- 1Y
- 29.64%
- 3Y*
- 29.46%
- 5Y*
- 17.39%
- 10Y*
- —
AMAX
- 1D
- -0.61%
- 1M
- 1.53%
- YTD
- 5.23%
- 6M
- 2.32%
- 1Y
- 12.67%
- 3Y*
- 10.12%
- 5Y*
- —
- 10Y*
- —
KILO.TO vs. AMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KILO.TO Purpose Gold Bullion Fund | 2.15% | 60.17% | 25.97% | 12.15% | -0.90% | -1.99% |
AMAX RH Hedged Multi-Asset Income ETF | 5.23% | 6.28% | 19.04% | 4.35% | -6.33% | 0.84% |
Correlation
The correlation between KILO.TO and AMAX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.20 |
Over the past year, KILO.TO and AMAX have become more correlated (0.45) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
KILO.TO vs. AMAX — Risk / Return Rank
KILO.TO
AMAX
KILO.TO vs. AMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Gold Bullion Fund (KILO.TO) and RH Hedged Multi-Asset Income ETF (AMAX). 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.TO | AMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.88 | -0.36 |
| Martin ratioReturn relative to average drawdown | 3.74 | 4.68 | -0.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KILO.TO | AMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.37 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.64 | +0.38 |
Drawdowns
KILO.TO vs. AMAX - Drawdown Comparison
The maximum KILO.TO drawdown since its inception was -22.67%, which is greater than AMAX's maximum drawdown of -11.63%. Use the drawdown chart below to compare losses from any high point for KILO.TO and AMAX.
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Drawdown Indicators
| KILO.TO | AMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.67% | -11.63% | -11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -19.62% | -6.77% | -12.85% |
Max Drawdown (3Y)Largest decline over 3 years | -19.62% | -11.63% | -7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | — | — |
Current DrawdownCurrent decline from peak | -18.25% | -1.39% | -16.86% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -3.64% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | 2.72% | +5.22% |
Volatility
KILO.TO vs. AMAX - Volatility Comparison
Purpose Gold Bullion Fund (KILO.TO) has a higher volatility of 5.22% compared to RH Hedged Multi-Asset Income ETF (AMAX) at 2.30%. This indicates that KILO.TO's price experiences larger fluctuations and is considered to be riskier than AMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KILO.TO | AMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 2.30% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 22.51% | 7.44% | +15.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.35% | 9.31% | +17.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 9.75% | +8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 9.75% | +8.33% |
Dividends
KILO.TO vs. AMAX - Dividend Comparison
KILO.TO has not paid dividends to shareholders, while AMAX's dividend yield for the trailing twelve months is around 11.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AMAX RH Hedged Multi-Asset Income ETF | 11.05% | 9.18% | 7.36% | 6.99% | 11.22% | 1.00% | 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
KILO.TO and AMAX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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