KILO.TO vs. ZGD.TO
KILO.TO (Purpose Gold Bullion Fund) and ZGD.TO (BMO Equal Weight Global Gold Index ETF) are both Gold funds. KILO.TO is actively managed, while ZGD.TO is passively managed. Over the past 5 years, KILO.TO returned 16.78%/yr vs 28.34%/yr for ZGD.TO. A 0.69 correlation means they provide meaningful diversification when combined. KILO.TO charges 0.28%/yr vs 0.60%/yr for ZGD.TO.
Performance
KILO.TO vs. ZGD.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 ZGD.TO's -1.70% 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*
- —
ZGD.TO
- 1D
- -4.74%
- 1M
- -6.76%
- YTD
- -1.70%
- 6M
- -15.79%
- 1Y
- 51.48%
- 3Y*
- 51.89%
- 5Y*
- 28.34%
- 10Y*
- 15.13%
KILO.TO vs. ZGD.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% |
ZGD.TO BMO Equal Weight Global Gold Index ETF | -1.70% | 143.74% | 37.44% | 10.13% | -2.33% | -12.59% | -10.20% |
Correlation
The correlation between KILO.TO and ZGD.TO is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.69 |
The correlation between KILO.TO and ZGD.TO shifts across timeframes, from 0.68 (5 years) to 0.78 (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. ZGD.TO — Risk / Return Rank
KILO.TO
ZGD.TO
KILO.TO vs. ZGD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Gold Bullion Fund (KILO.TO) and BMO Equal Weight Global Gold Index ETF (ZGD.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 | ZGD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.54 | -0.78 |
| Martin ratioReturn relative to average drawdown | 2.01 | 4.01 | -2.00 |
Loading charts...
Drawdowns
KILO.TO vs. ZGD.TO - Drawdown Comparison
The maximum KILO.TO drawdown since its inception was -24.90%, smaller than the maximum ZGD.TO drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for KILO.TO and ZGD.TO.
Loading charts...
Drawdown Indicators
| KILO.TO | ZGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -60.59% | +35.69% |
Max Drawdown (1Y)Largest decline over 1 year | -24.90% | -33.55% | +8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -24.90% | -33.55% | +8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.90% | -42.75% | +17.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.83% | — |
Current DrawdownCurrent decline from peak | -24.51% | -28.54% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -28.83% | +22.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.44% | 12.87% | -3.43% |
Volatility
KILO.TO vs. ZGD.TO - Volatility Comparison
The current volatility for Purpose Gold Bullion Fund (KILO.TO) is 7.88%, while BMO Equal Weight Global Gold Index ETF (ZGD.TO) has a volatility of 17.36%. This indicates that KILO.TO experiences smaller price fluctuations and is considered to be less risky than ZGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KILO.TO | ZGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 17.36% | -9.48% |
Volatility (6M)Calculated over the trailing 6-month period | 23.72% | 40.03% | -16.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.23% | 48.21% | -20.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 37.10% | -18.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 37.62% | -19.76% |
KILO.TO vs. ZGD.TO - Expense Ratio Comparison
KILO.TO has a 0.28% expense ratio, which is lower than ZGD.TO's 0.60% expense ratio.
Dividends
KILO.TO vs. ZGD.TO - Dividend Comparison
KILO.TO has not paid dividends to shareholders, while ZGD.TO's dividend yield for the trailing twelve months is around 0.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
ZGD.TO BMO Equal Weight Global Gold Index ETF | 0.22% | 0.22% | 0.56% | 0.72% | 0.73% | 0.36% | 0.15% | 1.14% | 0.00% | 0.00% | 0.06% | 0.09% |
Frequently Asked Questions
KILO.TO and ZGD.TO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KILO.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KILO.TO is cheaper with a 0.28% expense ratio, compared with 0.60% for ZGD.TO.
They also come from different issuers: Purpose Investments and BMO. Their fees differ too: 0.28% for KILO.TO and 0.60% for ZGD.TO.
Find the right allocation for KILO.TO and ZGD.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