PSU-U.TO vs. KILO-B.TO

Last updated Jun 4, 2026

PSU-U.TO (Purpose US Cash Fund) and KILO-B.TO (Purpose Gold Bullion Fund ETF Non-Currency Hedged) are both exchange-traded funds - PSU-U.TO is a Money Market fund actively managed by Purpose Investments, while KILO-B.TO is a Gold fund actively managed by Purpose Investments. Both are actively managed. Over the past 5 years, PSU-U.TO returned 2.66%/yr vs 18.50%/yr for KILO-B.TO. At a 0.01 correlation, their price movements are largely independent. PSU-U.TO charges 0.17%/yr vs 0.28%/yr for KILO-B.TO.

Performance

PSU-U.TO vs. KILO-B.TO - Performance Comparison

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

Different Trading Currencies

PSU-U.TO is traded in USD, while KILO-B.TO is traded in CAD. To make them comparable, the KILO-B.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PSU-U.TO achieves a 1.05% return, which is significantly lower than KILO-B.TO's 2.85% return.

PSU-U.TO

• 1D: 0.01%
• 1M: 0.22%
• YTD: 1.05%
• 6M: 1.22%
• 1Y: 2.73%
• 3Y*: 3.37%
• 5Y*: 2.66%
• 10Y*: —

KILO-B.TO

• 1D: -0.86%
• 1M: -1.38%
• YTD: 2.85%
• 6M: 5.46%
• 1Y: 32.38%
• 3Y*: 31.20%
• 5Y*: 18.50%
• 10Y*: —

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

PSU-U.TO vs. KILO-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PSU-U.TO Purpose US Cash Fund	1.05%	2.97%	3.67%	3.93%	1.50%	0.29%	0.43%	1.69%	0.33%
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged	2.85%	64.01%	26.88%	12.95%	-0.74%	-3.97%	23.60%	18.32%	4.89%

Correlation

The correlation between PSU-U.TO and KILO-B.TO is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Nov 1, 2018	0.01

Return for Risk

PSU-U.TO vs. KILO-B.TO — Risk / Return Rank

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

PSU-U.TO

PSU-U.TO Risk / Return Rank: 99
PSU-U.TO Sharpe Ratio Rank: 99
PSU-U.TO Sortino Ratio Rank: 99
PSU-U.TO Omega Ratio Rank: 99
PSU-U.TO Calmar Ratio Rank: 99
PSU-U.TO Martin Ratio Rank: 99

KILO-B.TO

KILO-B.TO Risk / Return Rank: 38
KILO-B.TO Sharpe Ratio Rank: 39
KILO-B.TO Sortino Ratio Rank: 34
KILO-B.TO Omega Ratio Rank: 43
KILO-B.TO Calmar Ratio Rank: 40
KILO-B.TO Martin Ratio Rank: 33

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.

PSU-U.TO vs. KILO-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose US Cash Fund (PSU-U.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.

	PSU-U.TO	KILO-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	7.82	1.23	+6.58
Sortino ratio: Return per unit of downside risk	10.99	1.64	+9.34
Omega ratio: Gain probability vs. loss probability	4.08	1.25	+2.84
Calmar ratio: Return relative to maximum drawdown	24.96	1.70	+23.26
Martin ratio: Return relative to average drawdown	105.69	4.26	+101.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSU-U.TO vs. KILO-B.TO - Sharpe Ratio Comparison

The current PSU-U.TO Sharpe Ratio is 7.82, which is higher than the KILO-B.TO Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of PSU-U.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.

Sharpe Ratios by Period

	PSU-U.TO	KILO-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.82	1.23	+6.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	7.13	1.03	+6.10
Sharpe Ratio (All Time) Calculated using the full available price history	6.13	1.09	+5.04

Drawdowns

PSU-U.TO vs. KILO-B.TO - Drawdown Comparison

The maximum PSU-U.TO drawdown since its inception was -0.12%, smaller than the maximum KILO-B.TO drawdown of -21.50%. Use the drawdown chart below to compare losses from any high point for PSU-U.TO and KILO-B.TO.

Drawdown Indicators

	PSU-U.TO	KILO-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.12%	-21.50%	+21.38%
Max Drawdown (1Y) Largest decline over 1 year	-0.11%	-19.18%	+19.07%
Max Drawdown (3Y) Largest decline over 3 years	-0.12%	-19.18%	+19.06%
Max Drawdown (5Y) Largest decline over 5 years	-0.12%	-20.65%	+20.53%
Current Drawdown Current decline from peak	0.00%	-17.52%	+17.52%
Average Drawdown Average peak-to-trough decline	-0.01%	-6.81%	+6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	7.62%	-7.59%

Volatility

PSU-U.TO vs. KILO-B.TO - Volatility Comparison

The current volatility for Purpose US Cash Fund (PSU-U.TO) is 0.10%, while Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) has a volatility of 5.75%. This indicates that PSU-U.TO experiences smaller price fluctuations and is considered to be less risky than KILO-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSU-U.TO	KILO-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	5.75%	-5.65%
Volatility (6M) Calculated over the trailing 6-month period	0.23%	22.85%	-22.62%
Volatility (1Y) Calculated over the trailing 1-year period	0.35%	26.38%	-26.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.37%	18.04%	-17.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.33%	18.89%	-18.56%

PSU-U.TO vs. KILO-B.TO - Expense Ratio Comparison

PSU-U.TO has a 0.17% expense ratio, which is lower than KILO-B.TO's 0.28% expense ratio.

Dividends

PSU-U.TO vs. KILO-B.TO - Dividend Comparison

PSU-U.TO's dividend yield for the trailing twelve months is around 2.70%, while KILO-B.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%	0.00%	0.00%
PSU-U.TO Purpose US Cash Fund	2.70%	2.90%	3.65%	3.87%	1.45%	0.29%	0.41%	1.70%	1.20%

Frequently Asked Questions

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

PSU-U.TO and KILO-B.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSU-U.TO or KILO-B.TO?

On fees, PSU-U.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSU-U.TO or KILO-B.TO?

PSU-U.TO is cheaper with a 0.17% expense ratio, compared with 0.28% for KILO-B.TO.

What is the main difference between PSU-U.TO and KILO-B.TO?

PSU-U.TO is categorized as Money Market, while KILO-B.TO is Gold. Their fees differ too: 0.17% for PSU-U.TO and 0.28% for KILO-B.TO.