KILO.TO vs. ZSP.TO
KILO.TO (Purpose Gold Bullion Fund) and ZSP.TO (BMO S&P 500 Index ETF) are both exchange-traded funds - KILO.TO is a Gold fund actively managed by Purpose Investments, while ZSP.TO is a S&P 500 fund tracking the S&P 500 Index. KILO.TO is actively managed, while ZSP.TO is passively managed. Over the past 5 years, KILO.TO returned 15.88%/yr vs 15.57%/yr for ZSP.TO. At a correlation of -0.00, they often move in opposite directions. KILO.TO charges 0.28%/yr vs 0.09%/yr for ZSP.TO.
Performance
KILO.TO vs. ZSP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, KILO.TO achieves a -7.31% return, which is significantly lower than ZSP.TO's 13.65% return.
KILO.TO
- 1D
- -0.07%
- 1M
- -6.61%
- 6M
- -13.66%
- YTD
- -7.31%
- 1Y
- 18.74%
- 3Y*
- 25.33%
- 5Y*
- 15.88%
- 10Y*
- —
ZSP.TO
- 1D
- 0.15%
- 1M
- 0.59%
- 6M
- 11.00%
- YTD
- 13.65%
- 1Y
- 25.28%
- 3Y*
- 22.60%
- 5Y*
- 15.57%
- 10Y*
- 15.82%
KILO.TO vs. ZSP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KILO.TO Purpose Gold Bullion Fund | -7.31% | 60.17% | 25.97% | 12.15% | -0.90% | -4.72% | -2.21% |
ZSP.TO BMO S&P 500 Index ETF | 13.65% | 12.36% | 35.07% | 23.30% | -12.68% | 27.54% | 7.61% |
Correlation
The correlation between KILO.TO and ZSP.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | -0.00 |
The correlation between KILO.TO and ZSP.TO shifts across timeframes, from -0.02 (5 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KILO.TO vs. ZSP.TO — Risk / Return Rank
KILO.TO
ZSP.TO
KILO.TO vs. ZSP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Gold Bullion Fund (KILO.TO) and BMO S&P 500 Index ETF (ZSP.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 | ZSP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.38 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.95 | -2.25 |
| Martin ratioReturn relative to average drawdown | 1.67 | 10.91 | -9.24 |
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Drawdowns
KILO.TO vs. ZSP.TO - Drawdown Comparison
The maximum KILO.TO drawdown since its inception was -26.91%, roughly equal to the maximum ZSP.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for KILO.TO and ZSP.TO.
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Drawdown Indicators
| KILO.TO | ZSP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.91% | -26.94% | +0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -26.91% | -8.61% | -18.30% |
Max Drawdown (3Y)Largest decline over 3 years | -26.91% | -18.95% | -7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -26.91% | -22.25% | -4.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.94% | — |
Current DrawdownCurrent decline from peak | -25.82% | -0.83% | -24.99% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -3.32% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | 2.32% | +8.96% |
Volatility
KILO.TO vs. ZSP.TO - Volatility Comparison
Purpose Gold Bullion Fund (KILO.TO) has a higher volatility of 6.75% compared to BMO S&P 500 Index ETF (ZSP.TO) at 3.18%. This indicates that KILO.TO's price experiences larger fluctuations and is considered to be riskier than ZSP.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 | ZSP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 3.18% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 23.77% | 9.60% | +14.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.65% | 12.21% | +15.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.30% | 15.09% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 16.38% | +1.55% |
KILO.TO vs. ZSP.TO - Expense Ratio Comparison
KILO.TO has a 0.28% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.
Dividends
KILO.TO vs. ZSP.TO - Dividend Comparison
KILO.TO has not paid dividends to shareholders, while ZSP.TO's dividend yield for the trailing twelve months is around 0.76%.
| 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% |
ZSP.TO BMO S&P 500 Index ETF | 0.76% | 0.82% | 0.94% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.68% | 1.68% | 2.23% | 1.60% |
Frequently Asked Questions
KILO.TO and ZSP.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZSP.TO is cheaper with a 0.09% expense ratio, compared with 0.28% for KILO.TO.
KILO.TO is categorized as Gold, while ZSP.TO is S&P 500. They also come from different issuers: Purpose Investments and BMO. Their fees differ too: 0.28% for KILO.TO and 0.09% for ZSP.TO.
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