VALT-U.TO vs. KILO.TO

Last updated Jul 1, 2026

VALT-U.TO (CI Gold Bullion ETF (US$ Series)) and KILO.TO (Purpose Gold Bullion Fund) are both Gold funds. Both are actively managed. Over the past 5 years, VALT-U.TO returned 17.66%/yr vs 13.14%/yr for KILO.TO. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

VALT-U.TO vs. KILO.TO - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VALT-U.TO achieves a -6.39% return, which is significantly higher than KILO.TO's -11.44% return.

VALT-U.TO

• 1D: 0.73%
• 1M: -11.06%
• YTD: -6.39%
• 6M: -7.30%
• 1Y: 22.84%
• 3Y*: 28.29%
• 5Y*: 17.66%
• 10Y*: —

KILO.TO

• 1D: -0.24%
• 1M: -14.73%
• YTD: -11.44%
• 6M: -11.96%
• 1Y: 13.90%
• 3Y*: 22.71%
• 5Y*: 13.14%
• 10Y*: —

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

VALT-U.TO vs. KILO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VALT-U.TO CI Gold Bullion ETF (US$ Series)	-6.39%	65.42%	26.27%	13.43%	-0.93%	-1.30%
KILO.TO Purpose Gold Bullion Fund	-11.44%	67.83%	16.13%	14.89%	-6.81%	-2.09%

Correlation

The correlation between VALT-U.TO and KILO.TO is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 14, 2021	0.58

Over the past year, VALT-U.TO and KILO.TO have become more correlated (0.88) than their long-term average of 0.58, meaning their price movements have been converging.

Return for Risk

VALT-U.TO vs. KILO.TO — Risk / Return Rank

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

VALT-U.TO

VALT-U.TO Risk / Return Rank: 21
VALT-U.TO Sharpe Ratio Rank: 19
VALT-U.TO Sortino Ratio Rank: 21
VALT-U.TO Omega Ratio Rank: 31
VALT-U.TO Calmar Ratio Rank: 17
VALT-U.TO Martin Ratio Rank: 17

KILO.TO

KILO.TO Risk / Return Rank: 20
KILO.TO Sharpe Ratio Rank: 21
KILO.TO Sortino Ratio Rank: 19
KILO.TO Omega Ratio Rank: 22
KILO.TO Calmar Ratio Rank: 17
KILO.TO Martin Ratio Rank: 18

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.

VALT-U.TO vs. KILO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Gold Bullion ETF (US$ Series) (VALT-U.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.

	VALT-U.TO	KILO.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.56	0.50	+0.06
Sortino ratio: Return per unit of downside risk	1.05	0.82	+0.23
Omega ratio: Gain probability vs. loss probability	1.19	1.11	+0.07
Calmar ratio: Return relative to maximum drawdown	0.60	0.46	+0.14
Martin ratio: Return relative to average drawdown	1.61	1.25	+0.36

VALT-U.TO vs. KILO.TO - Sharpe Ratio Comparison

The current VALT-U.TO Sharpe Ratio is 0.56, which is comparable to the KILO.TO Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of VALT-U.TO and KILO.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

VALT-U.TO vs. KILO.TO - Drawdown Comparison

The maximum VALT-U.TO drawdown since its inception was -38.65%, which is greater than KILO.TO's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for VALT-U.TO and KILO.TO.

Drawdown Indicators

	VALT-U.TO	KILO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.65%	-30.37%	-8.28%
Max Drawdown (1Y) Largest decline over 1 year	-38.65%	-30.37%	-8.28%
Max Drawdown (3Y) Largest decline over 3 years	-38.65%	-30.37%	-8.28%
Max Drawdown (5Y) Largest decline over 5 years	-38.65%	-30.37%	-8.28%
Current Drawdown Current decline from peak	-37.72%	-29.94%	-7.78%
Average Drawdown Average peak-to-trough decline	-6.11%	-8.09%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.30%	11.12%	+3.18%

Volatility

VALT-U.TO vs. KILO.TO - Volatility Comparison

CI Gold Bullion ETF (US$ Series) (VALT-U.TO) and Purpose Gold Bullion Fund (KILO.TO) have volatilities of 8.30% and 8.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VALT-U.TO	KILO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	8.45%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	39.00%	24.25%	+14.75%
Volatility (1Y) Calculated over the trailing 1-year period	41.49%	28.13%	+13.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.08%	19.40%	+3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.39%	19.12%	+3.27%

Dividends

VALT-U.TO vs. KILO.TO - Dividend Comparison

Neither VALT-U.TO nor KILO.TO has 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%
VALT-U.TO CI Gold Bullion ETF (US$ Series)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

VALT-U.TO and KILO.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

They also come from different issuers: CI and Purpose Investments.