VALT.TO vs. KILO-B.TO

Last updated Jun 4, 2026

VALT.TO (CI Gold Bullion Fund) and KILO-B.TO (Purpose Gold Bullion Fund ETF Non-Currency Hedged) are both exchange-traded funds - VALT.TO is a fund fund, while KILO-B.TO is a Gold fund actively managed by Purpose Investments. Over the past 5 years, VALT.TO returned 17.30%/yr vs 21.87%/yr for KILO-B.TO. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Gold Bullion Fund (VALT.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, VALT.TO achieves a 2.61% return, which is significantly lower than KILO-B.TO's 4.14% return.

VALT.TO

• 1D: -0.91%
• 1M: -1.77%
• YTD: 2.61%
• 6M: 4.70%
• 1Y: 30.16%
• 3Y*: 28.96%
• 5Y*: 17.30%
• 10Y*: —

KILO-B.TO

• 1D: -0.46%
• 1M: 0.62%
• YTD: 4.14%
• 6M: 5.05%
• 1Y: 34.09%
• 3Y*: 32.71%
• 5Y*: 21.87%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
VALT.TO CI Gold Bullion Fund	2.61%	60.46%	25.58%	12.35%	0.92%	-3.19%
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged	4.14%	56.51%	37.76%	10.43%	6.38%	-2.39%

Correlation

The correlation between VALT.TO and KILO-B.TO is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021	0.69

Over the past year, VALT.TO and KILO-B.TO have become more correlated (0.93) than their long-term average of 0.69, meaning their price movements have been converging.

Return for Risk

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

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

VALT.TO

VALT.TO Risk / Return Rank: 30
VALT.TO Sharpe Ratio Rank: 31
VALT.TO Sortino Ratio Rank: 28
VALT.TO Omega Ratio Rank: 32
VALT.TO Calmar Ratio Rank: 32
VALT.TO Martin Ratio Rank: 27

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.

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

This table presents a comparison of risk-adjusted performance metrics for CI Gold Bullion Fund (VALT.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.

	VALT.TO	KILO-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.37	-0.24
Sortino ratio: Return per unit of downside risk	1.53	1.80	-0.27
Omega ratio: Gain probability vs. loss probability	1.22	1.28	-0.05
Calmar ratio: Return relative to maximum drawdown	1.56	1.97	-0.41
Martin ratio: Return relative to average drawdown	3.82	4.86	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current VALT.TO Sharpe Ratio is 1.13, which is comparable to the KILO-B.TO Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of VALT.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

	VALT.TO	KILO-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.37	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	1.31	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.20	-0.28

Drawdowns

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

The maximum VALT.TO drawdown since its inception was -20.96%, smaller than the maximum KILO-B.TO drawdown of -22.54%. Use the drawdown chart below to compare losses from any high point for VALT.TO and KILO-B.TO.

Drawdown Indicators

	VALT.TO	KILO-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.96%	-22.54%	+1.58%
Max Drawdown (1Y) Largest decline over 1 year	-19.47%	-17.41%	-2.06%
Max Drawdown (3Y) Largest decline over 3 years	-19.47%	-17.41%	-2.06%
Max Drawdown (5Y) Largest decline over 5 years	-20.96%	-17.41%	-3.55%
Current Drawdown Current decline from peak	-18.14%	-15.47%	-2.67%
Average Drawdown Average peak-to-trough decline	-5.78%	-7.72%	+1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.91%	7.04%	+0.87%

Volatility

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

CI Gold Bullion Fund (VALT.TO) has a higher volatility of 5.90% compared to Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) at 5.43%. This indicates that VALT.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

	VALT.TO	KILO-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	5.43%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	23.20%	21.50%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	26.84%	25.07%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.17%	16.84%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	17.99%	-0.08%

Dividends

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

Neither VALT.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%
VALT.TO CI Gold Bullion Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

With a correlation of 0.93, VALT.TO and KILO-B.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.