MNT.TO vs. KILO-B.TO

Last updated Jun 24, 2026

MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) and KILO-B.TO (Purpose Gold Bullion Fund ETF Non-Currency Hedged) are both Gold funds. Over the past 5 years, MNT.TO returned 21.45%/yr vs 21.29%/yr for KILO-B.TO. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

MNT.TO vs. KILO-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MNT.TO achieves a -6.93% return, which is significantly lower than KILO-B.TO's -1.48% return.

MNT.TO

• 1D: -1.48%
• 1M: -6.99%
• YTD: -6.93%
• 6M: -10.28%
• 1Y: 18.65%
• 3Y*: 31.47%
• 5Y*: 21.45%
• 10Y*: 12.39%

KILO-B.TO

• 1D: -1.44%
• 1M: -5.97%
• YTD: -1.48%
• 6M: -5.03%
• 1Y: 25.66%
• 3Y*: 32.04%
• 5Y*: 21.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MNT.TO vs. KILO-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MNT.TO Royal Canadian Mint - Canadian Gold Reserves	-6.93%	61.23%	44.81%	3.61%	10.52%	-10.51%	-14.45%
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged	-1.48%	56.51%	37.76%	10.43%	6.38%	-4.67%	-5.45%

Correlation

The correlation between MNT.TO and KILO-B.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Aug 21, 2020	0.63

The correlation between MNT.TO and KILO-B.TO shifts across timeframes, from 0.63 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MNT.TO vs. KILO-B.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MNT.TO

MNT.TO Risk / Return Rank: 18
MNT.TO Sharpe Ratio Rank: 19
MNT.TO Sortino Ratio Rank: 19
MNT.TO Omega Ratio Rank: 21
MNT.TO Calmar Ratio Rank: 17
MNT.TO Martin Ratio Rank: 17

KILO-B.TO

KILO-B.TO Risk / Return Rank: 28
KILO-B.TO Sharpe Ratio Rank: 29
KILO-B.TO Sortino Ratio Rank: 26
KILO-B.TO Omega Ratio Rank: 32
KILO-B.TO Calmar Ratio Rank: 25
KILO-B.TO Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MNT.TO vs. KILO-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.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.

	MNT.TO	KILO-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.61	0.99	-0.39
Sortino ratio: Return per unit of downside risk	1.01	1.39	-0.38
Omega ratio: Gain probability vs. loss probability	1.14	1.21	-0.07
Calmar ratio: Return relative to maximum drawdown	0.66	1.17	-0.51
Martin ratio: Return relative to average drawdown	1.69	3.11	-1.42

MNT.TO vs. KILO-B.TO - Sharpe Ratio Comparison

The current MNT.TO Sharpe Ratio is 0.61, which is lower than the KILO-B.TO Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of MNT.TO and KILO-B.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MNT.TO vs. KILO-B.TO - Drawdown Comparison

The maximum MNT.TO drawdown since its inception was -34.79%, which is greater than KILO-B.TO's maximum drawdown of -22.10%. Use the drawdown chart below to compare losses from any high point for MNT.TO and KILO-B.TO.

Drawdown Indicators

	MNT.TO	KILO-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.79%	-22.10%	-12.69%
Max Drawdown (1Y) Largest decline over 1 year	-28.55%	-22.10%	-6.45%
Max Drawdown (3Y) Largest decline over 3 years	-28.55%	-22.10%	-6.45%
Max Drawdown (5Y) Largest decline over 5 years	-28.55%	-22.10%	-6.45%
Max Drawdown (10Y) Largest decline over 10 years	-33.58%	—	—
Current Drawdown Current decline from peak	-25.83%	-20.03%	-5.80%
Average Drawdown Average peak-to-trough decline	-15.87%	-7.43%	-8.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.06%	8.28%	+2.78%

Volatility

MNT.TO vs. KILO-B.TO - Volatility Comparison

Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) has a higher volatility of 8.23% compared to Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) at 7.66%. This indicates that MNT.TO's price experiences larger fluctuations and is considered to be riskier than KILO-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MNT.TO	KILO-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.23%	7.66%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	26.05%	22.60%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	30.85%	25.95%	+4.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.47%	17.09%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	17.10%	+2.50%

Dividends

MNT.TO vs. KILO-B.TO - Dividend Comparison

Neither MNT.TO nor KILO-B.TO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.69%
MNT.TO Royal Canadian Mint - Canadian Gold Reserves	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MNT.TO and KILO-B.TO in my portfolio?

MNT.TO and KILO-B.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.