KILO.TO vs. GLDX.TO
KILO.TO (Purpose Gold Bullion Fund) and GLDX.TO (Global X Gold Producers Index ETF) are both Gold funds. KILO.TO is actively managed, while GLDX.TO is passively managed. Over the past year, KILO.TO returned 18.91% vs 58.70% for GLDX.TO. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
KILO.TO vs. GLDX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, KILO.TO achieves a -5.68% return, which is significantly higher than GLDX.TO's -7.62% 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*
- —
GLDX.TO
- 1D
- -3.64%
- 1M
- -6.73%
- YTD
- -7.62%
- 6M
- -12.30%
- 1Y
- 58.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KILO.TO vs. GLDX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KILO.TO Purpose Gold Bullion Fund | -5.68% | 60.17% | -3.15% |
GLDX.TO Global X Gold Producers Index ETF | -7.62% | 178.05% | -10.27% |
Correlation
The correlation between KILO.TO and GLDX.TO is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.75 |
The correlation between KILO.TO and GLDX.TO has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
KILO.TO vs. GLDX.TO — Risk / Return Rank
KILO.TO
GLDX.TO
KILO.TO vs. GLDX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Gold Bullion Fund (KILO.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.TO | GLDX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.67 | -0.91 |
| Martin ratioReturn relative to average drawdown | 2.01 | 4.38 | -2.37 |
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Drawdowns
KILO.TO vs. GLDX.TO - Drawdown Comparison
The maximum KILO.TO drawdown since its inception was -24.90%, smaller than the maximum GLDX.TO drawdown of -35.22%. Use the drawdown chart below to compare losses from any high point for KILO.TO and GLDX.TO.
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Drawdown Indicators
| KILO.TO | GLDX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -35.22% | +10.32% |
Max Drawdown (1Y)Largest decline over 1 year | -24.90% | -35.22% | +10.32% |
Max Drawdown (3Y)Largest decline over 3 years | -24.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | — | — |
Current DrawdownCurrent decline from peak | -24.51% | -30.84% | +6.33% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -7.32% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 13.47% | -4.03% |
Volatility
KILO.TO vs. GLDX.TO - Volatility Comparison
The current volatility for Purpose Gold Bullion Fund (KILO.TO) is 7.88%, while Global X Gold Producers Index ETF (GLDX.TO) has a volatility of 16.57%. This indicates that KILO.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.TO | GLDX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 16.57% | -8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 23.72% | 38.70% | -14.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.23% | 48.28% | -21.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 44.49% | -26.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 44.49% | -26.63% |
Dividends
KILO.TO vs. GLDX.TO - Dividend Comparison
KILO.TO has not paid dividends to shareholders, while GLDX.TO's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLDX.TO Global X Gold Producers Index ETF | 1.05% | 0.97% | 0.08% | 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
KILO.TO and GLDX.TO have a correlation of 0.77, 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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