KILO.TO vs. GLDM
KILO.TO (Purpose Gold Bullion Fund) and GLDM (SPDR Gold MiniShares Trust) are both Gold funds. KILO.TO is actively managed, while GLDM is passively managed. Over the past 5 years, KILO.TO returned 16.78%/yr vs 21.55%/yr for GLDM. Their correlation of 0.84 suggests significant overlap in exposure. KILO.TO charges 0.28%/yr vs 0.10%/yr for GLDM.
Performance
KILO.TO vs. GLDM - Performance Comparison
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Different Trading Currencies
KILO.TO is traded in CAD, while GLDM is traded in USD. To make them comparable, the GLDM 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 -5.68% return, which is significantly lower than GLDM's -1.49% return.
KILO.TO
- 1D
- -1.81%
- 1M
- -9.01%
- YTD
- -5.68%
- 6M
- -9.56%
- 1Y
- 18.91%
- 3Y*
- 26.73%
- 5Y*
- 16.78%
- 10Y*
- —
GLDM
- 1D
- -2.02%
- 1M
- -6.29%
- YTD
- -1.49%
- 6M
- -5.89%
- 1Y
- 25.37%
- 3Y*
- 32.01%
- 5Y*
- 21.55%
- 10Y*
- —
KILO.TO vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KILO.TO Purpose Gold Bullion Fund | -5.68% | 60.17% | 25.97% | 12.15% | -0.90% | -4.72% | -2.21% |
GLDM SPDR Gold MiniShares Trust | -1.49% | 56.71% | 37.84% | 10.35% | 5.84% | -4.06% | -5.06% |
Correlation
The correlation between KILO.TO and GLDM is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.84 |
The correlation between KILO.TO and GLDM shifts across timeframes, from 0.84 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KILO.TO vs. GLDM — Risk / Return Rank
KILO.TO
GLDM
KILO.TO vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Gold Bullion Fund (KILO.TO) and SPDR Gold MiniShares Trust (GLDM). 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.TO | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.15 | -0.39 |
| Martin ratioReturn relative to average drawdown | 2.01 | 3.08 | -1.07 |
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Drawdowns
KILO.TO vs. GLDM - Drawdown Comparison
The maximum KILO.TO drawdown since its inception was -24.90%, which is greater than GLDM's maximum drawdown of -22.76%. Use the drawdown chart below to compare losses from any high point for KILO.TO and GLDM.
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Drawdown Indicators
| KILO.TO | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -22.76% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -24.90% | -22.09% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -24.90% | -22.09% | -2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -22.09% | -2.81% |
Current DrawdownCurrent decline from peak | -24.51% | -20.39% | -4.12% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -7.18% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 8.26% | +1.18% |
Volatility
KILO.TO vs. GLDM - Volatility Comparison
Purpose Gold Bullion Fund (KILO.TO) and SPDR Gold MiniShares Trust (GLDM) have volatilities of 7.88% and 8.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KILO.TO | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 8.25% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 23.72% | 24.15% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.23% | 27.34% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 19.07% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 18.14% | -0.28% |
KILO.TO vs. GLDM - Expense Ratio Comparison
KILO.TO has a 0.28% expense ratio, which is higher than GLDM's 0.10% expense ratio.
Dividends
KILO.TO vs. GLDM - Dividend Comparison
Neither KILO.TO nor GLDM has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
With a correlation of 0.95, KILO.TO and GLDM 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, GLDM is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDM is cheaper with a 0.10% expense ratio, compared with 0.28% for KILO.TO.
They also come from different issuers: Purpose Investments and State Street. Their fees differ too: 0.28% for KILO.TO and 0.10% for GLDM.
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