KILO.TO vs. MNY.TO
KILO.TO (Purpose Gold Bullion Fund) and MNY.TO (Purpose Cash Management Fund) are both exchange-traded funds - KILO.TO is a Gold fund actively managed by Purpose Investments, while MNY.TO is a Money Market fund actively managed by Purpose Investments. Both are actively managed. Over the past 3 years, KILO.TO returned 26.73%/yr vs 3.86%/yr for MNY.TO. At a 0.00 correlation, their price movements are largely independent. KILO.TO charges 0.28%/yr vs 0.22%/yr for MNY.TO.
Performance
KILO.TO vs. MNY.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 lower than MNY.TO's 1.08% 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*
- —
MNY.TO
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 1.08%
- 6M
- 1.20%
- 1Y
- 2.56%
- 3Y*
- 3.86%
- 5Y*
- —
- 10Y*
- —
KILO.TO vs. MNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KILO.TO Purpose Gold Bullion Fund | -5.68% | 60.17% | 25.97% | 12.15% | 6.74% |
MNY.TO Purpose Cash Management Fund | 1.08% | 3.03% | 4.69% | 5.03% | 1.18% |
Correlation
The correlation between KILO.TO and MNY.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.00 |
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Return for Risk
KILO.TO vs. MNY.TO — Risk / Return Rank
KILO.TO
MNY.TO
KILO.TO vs. MNY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Gold Bullion Fund (KILO.TO) and Purpose Cash Management Fund (MNY.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 | MNY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.16 | ||
| Sortino ratioReturn per unit of downside risk | -48.68 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 22.09 | -20.94 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 64.32 | -63.56 |
| Martin ratioReturn relative to average drawdown | 2.01 | 582.35 | -580.34 |
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Drawdowns
KILO.TO vs. MNY.TO - Drawdown Comparison
The maximum KILO.TO drawdown since its inception was -24.90%, which is greater than MNY.TO's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for KILO.TO and MNY.TO.
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Drawdown Indicators
| KILO.TO | MNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -0.24% | -24.66% |
Max Drawdown (1Y)Largest decline over 1 year | -24.90% | -0.04% | -24.86% |
Max Drawdown (3Y)Largest decline over 3 years | -24.90% | -0.10% | -24.80% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | — | — |
Current DrawdownCurrent decline from peak | -24.51% | 0.00% | -24.51% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -0.00% | -6.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 0.00% | +9.44% |
Volatility
KILO.TO vs. MNY.TO - Volatility Comparison
Purpose Gold Bullion Fund (KILO.TO) has a higher volatility of 7.88% compared to Purpose Cash Management Fund (MNY.TO) at 0.04%. This indicates that KILO.TO's price experiences larger fluctuations and is considered to be riskier than MNY.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 | MNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 0.04% | +7.84% |
Volatility (6M)Calculated over the trailing 6-month period | 23.72% | 0.13% | +23.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.23% | 0.16% | +27.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 0.33% | +17.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 0.33% | +17.53% |
KILO.TO vs. MNY.TO - Expense Ratio Comparison
KILO.TO has a 0.28% expense ratio, which is higher than MNY.TO's 0.22% expense ratio.
Dividends
KILO.TO vs. MNY.TO - Dividend Comparison
KILO.TO has not paid dividends to shareholders, while MNY.TO's dividend yield for the trailing twelve months is around 2.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
KILO.TO Purpose Gold Bullion Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.41% |
MNY.TO Purpose Cash Management Fund | 2.56% | 2.93% | 4.71% | 4.85% | 1.12% | 0.00% | 0.00% |
Frequently Asked Questions
KILO.TO and MNY.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNY.TO is cheaper with a 0.22% expense ratio, compared with 0.28% for KILO.TO.
KILO.TO is categorized as Gold, while MNY.TO is Money Market. Their fees differ too: 0.28% for KILO.TO and 0.22% for MNY.TO.
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