KILO.TO vs. PMM.TO
KILO.TO (Purpose Gold Bullion Fund) and PMM.TO (Purpose Multi-Strategy Market Neutral Fund) are both exchange-traded funds - KILO.TO is a Gold fund actively managed by Purpose Investments, while PMM.TO is a Long-Short fund actively managed by Purpose Investments. Both are actively managed. Over the past 5 years, KILO.TO returned 16.78%/yr vs 6.82%/yr for PMM.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
KILO.TO vs. PMM.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KILO.TO achieves a -5.68% return, which is significantly lower than PMM.TO's 5.38% 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*
- —
PMM.TO
- 1D
- -2.01%
- 1M
- 1.05%
- YTD
- 5.38%
- 6M
- 5.02%
- 1Y
- 17.85%
- 3Y*
- 11.75%
- 5Y*
- 6.82%
- 10Y*
- 3.50%
KILO.TO vs. PMM.TO - 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% |
PMM.TO Purpose Multi-Strategy Market Neutral Fund | 5.38% | 6.07% | 20.49% | 5.85% | -3.80% | 6.01% | 3.02% |
Correlation
The correlation between KILO.TO and PMM.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | -0.01 |
The correlation between KILO.TO and PMM.TO shifts across timeframes, from -0.01 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KILO.TO vs. PMM.TO — Risk / Return Rank
KILO.TO
PMM.TO
KILO.TO vs. PMM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Gold Bullion Fund (KILO.TO) and Purpose Multi-Strategy Market Neutral Fund (PMM.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 | PMM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 5.13 | -4.37 |
| Martin ratioReturn relative to average drawdown | 2.01 | 14.26 | -12.25 |
Loading charts...
Drawdowns
KILO.TO vs. PMM.TO - Drawdown Comparison
The maximum KILO.TO drawdown since its inception was -24.90%, which is greater than PMM.TO's maximum drawdown of -23.50%. Use the drawdown chart below to compare losses from any high point for KILO.TO and PMM.TO.
Loading charts...
Drawdown Indicators
| KILO.TO | PMM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -23.50% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -24.90% | -3.50% | -21.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.90% | -9.87% | -15.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -11.18% | -13.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.50% | — |
Current DrawdownCurrent decline from peak | -24.51% | -2.01% | -22.50% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -7.91% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 1.25% | +8.19% |
Volatility
KILO.TO vs. PMM.TO - Volatility Comparison
Purpose Gold Bullion Fund (KILO.TO) has a higher volatility of 7.88% compared to Purpose Multi-Strategy Market Neutral Fund (PMM.TO) at 2.92%. This indicates that KILO.TO's price experiences larger fluctuations and is considered to be riskier than PMM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KILO.TO | PMM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 2.92% | +4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 23.72% | 6.20% | +17.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.23% | 9.41% | +17.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 9.91% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 10.10% | +7.76% |
Dividends
KILO.TO vs. PMM.TO - Dividend Comparison
Neither KILO.TO nor PMM.TO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KILO.TO Purpose Gold Bullion Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.41% | 0.00% | 0.00% | 0.00% |
PMM.TO Purpose Multi-Strategy Market Neutral Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 2.44% |
Frequently Asked Questions
KILO.TO and PMM.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KILO.TO is categorized as Gold, while PMM.TO is Long-Short.
Find the right allocation for KILO.TO and PMM.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer