MNY.TO vs. KILO.TO
MNY.TO (Purpose Cash Management Fund) and KILO.TO (Purpose Gold Bullion Fund) are both exchange-traded funds - MNY.TO is a Money Market fund actively managed by Purpose Investments, while KILO.TO is a Gold fund actively managed by Purpose Investments. Both are actively managed. Over the past 3 years, MNY.TO returned 3.86%/yr vs 26.73%/yr for KILO.TO. At a 0.00 correlation, their price movements are largely independent. MNY.TO charges 0.22%/yr vs 0.28%/yr for KILO.TO.
Performance
MNY.TO vs. KILO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MNY.TO achieves a 1.08% return, which is significantly higher than KILO.TO's -5.68% return.
MNY.TO
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 1.08%
- 6M
- 1.20%
- 1Y
- 2.56%
- 3Y*
- 3.86%
- 5Y*
- —
- 10Y*
- —
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 vs. KILO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MNY.TO Purpose Cash Management Fund | 1.08% | 3.03% | 4.69% | 5.03% | 1.18% |
KILO.TO Purpose Gold Bullion Fund | -5.68% | 60.17% | 25.97% | 12.15% | 6.74% |
Correlation
The correlation between MNY.TO and KILO.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
MNY.TO vs. KILO.TO — Risk / Return Rank
MNY.TO
KILO.TO
MNY.TO vs. KILO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Cash Management Fund (MNY.TO) and Purpose Gold Bullion Fund (KILO.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.
| MNY.TO | KILO.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 | 22.09 | 1.15 | +20.94 |
| Calmar ratioReturn relative to maximum drawdown | 64.32 | 0.76 | +63.56 |
| Martin ratioReturn relative to average drawdown | 582.35 | 2.01 | +580.34 |
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Drawdowns
MNY.TO vs. KILO.TO - Drawdown Comparison
The maximum MNY.TO drawdown since its inception was -0.24%, smaller than the maximum KILO.TO drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for MNY.TO and KILO.TO.
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Drawdown Indicators
| MNY.TO | KILO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.24% | -24.90% | +24.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -24.90% | +24.86% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -24.90% | +24.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.90% | — |
Current DrawdownCurrent decline from peak | 0.00% | -24.51% | +24.51% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -6.79% | +6.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 9.44% | -9.44% |
Volatility
MNY.TO vs. KILO.TO - Volatility Comparison
The current volatility for Purpose Cash Management Fund (MNY.TO) is 0.04%, while Purpose Gold Bullion Fund (KILO.TO) has a volatility of 7.88%. This indicates that MNY.TO experiences smaller price fluctuations and is considered to be less risky than KILO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNY.TO | KILO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 7.88% | -7.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 23.72% | -23.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.16% | 27.23% | -27.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.33% | 18.13% | -17.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.33% | 17.86% | -17.53% |
MNY.TO vs. KILO.TO - Expense Ratio Comparison
MNY.TO has a 0.22% expense ratio, which is lower than KILO.TO's 0.28% expense ratio.
Dividends
MNY.TO vs. KILO.TO - Dividend Comparison
MNY.TO's dividend yield for the trailing twelve months is around 2.56%, while KILO.TO has not paid dividends to shareholders.
| 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
MNY.TO and KILO.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.
MNY.TO is categorized as Money Market, while KILO.TO is Gold. Their fees differ too: 0.22% for MNY.TO and 0.28% for KILO.TO.
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