XGD.TO vs. KILO-B.TO

Last updated Jun 4, 2026

XGD.TO (iShares S&P/TSX Global Gold Index ETF) and KILO-B.TO (Purpose Gold Bullion Fund ETF Non-Currency Hedged) are both exchange-traded funds - XGD.TO is a Precious Metals fund tracking the Morningstar Gbl Gold GR CAD, while KILO-B.TO is a Gold fund actively managed by Purpose Investments. XGD.TO is passively managed, while KILO-B.TO is actively managed. Over the past 5 years, XGD.TO returned 22.30%/yr vs 21.87%/yr for KILO-B.TO. A 0.55 correlation means they provide meaningful diversification when combined. XGD.TO charges 0.61%/yr vs 0.28%/yr for KILO-B.TO.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Global Gold Index ETF (XGD.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, XGD.TO achieves a 3.35% return, which is significantly lower than KILO-B.TO's 4.14% return.

XGD.TO

• 1D: -2.80%
• 1M: 1.62%
• YTD: 3.35%
• 6M: 8.72%
• 1Y: 67.78%
• 3Y*: 43.11%
• 5Y*: 22.30%
• 10Y*: 14.79%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XGD.TO iShares S&P/TSX Global Gold Index ETF	3.35%	144.45%	19.63%	3.91%	-3.10%	-5.81%	21.10%	40.18%	16.70%
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged	4.14%	56.51%	37.76%	10.43%	6.38%	-4.67%	21.17%	12.88%	8.56%

Correlation

The correlation between XGD.TO and KILO-B.TO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Nov 1, 2018	0.55

Over the past year, XGD.TO and KILO-B.TO have become more correlated (0.76) than their long-term average of 0.55, meaning their price movements have been converging.

Return for Risk

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

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

XGD.TO

XGD.TO Risk / Return Rank: 42
XGD.TO Sharpe Ratio Rank: 45
XGD.TO Sortino Ratio Rank: 37
XGD.TO Omega Ratio Rank: 43
XGD.TO Calmar Ratio Rank: 47
XGD.TO Martin Ratio Rank: 39

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Global Gold Index ETF (XGD.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.

	XGD.TO	KILO-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.37	+0.22
Sortino ratio: Return per unit of downside risk	1.97	1.80	+0.17
Omega ratio: Gain probability vs. loss probability	1.28	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.35	1.97	+0.39
Martin ratio: Return relative to average drawdown	6.22	4.86	+1.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XGD.TO Sharpe Ratio is 1.59, which is comparable to the KILO-B.TO Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of XGD.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

	XGD.TO	KILO-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.37	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	1.31	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	1.20	-0.95

Drawdowns

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

The maximum XGD.TO drawdown since its inception was -72.55%, which is greater than KILO-B.TO's maximum drawdown of -22.54%. Use the drawdown chart below to compare losses from any high point for XGD.TO and KILO-B.TO.

Drawdown Indicators

	XGD.TO	KILO-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-72.55%	-22.54%	-50.01%
Max Drawdown (1Y) Largest decline over 1 year	-28.95%	-17.41%	-11.54%
Max Drawdown (3Y) Largest decline over 3 years	-28.95%	-17.41%	-11.54%
Max Drawdown (5Y) Largest decline over 5 years	-40.82%	-17.41%	-23.41%
Max Drawdown (10Y) Largest decline over 10 years	-46.96%	—	—
Current Drawdown Current decline from peak	-23.49%	-15.47%	-8.02%
Average Drawdown Average peak-to-trough decline	-28.30%	-7.72%	-20.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.93%	7.04%	+3.89%

Volatility

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

iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a higher volatility of 14.43% compared to Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) at 5.43%. This indicates that XGD.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

	XGD.TO	KILO-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.43%	5.43%	+9.00%
Volatility (6M) Calculated over the trailing 6-month period	34.40%	21.50%	+12.90%
Volatility (1Y) Calculated over the trailing 1-year period	42.86%	25.07%	+17.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.64%	16.84%	+15.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.38%	17.99%	+15.39%

XGD.TO vs. KILO-B.TO - Expense Ratio Comparison

XGD.TO has a 0.61% expense ratio, which is higher than KILO-B.TO's 0.28% expense ratio.

Dividends

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

XGD.TO's dividend yield for the trailing twelve months is around 0.60%, while KILO-B.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
XGD.TO iShares S&P/TSX Global Gold Index ETF	0.60%	0.62%	0.93%	1.49%	1.80%	1.38%	0.35%	0.54%	0.25%	0.14%	0.09%	0.57%

Frequently Asked Questions

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

XGD.TO and KILO-B.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, KILO-B.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

KILO-B.TO is cheaper with a 0.28% expense ratio, compared with 0.61% for XGD.TO.

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

XGD.TO is categorized as Precious Metals, while KILO-B.TO is Gold. They also come from different issuers: iShares and Purpose Investments. Their fees differ too: 0.61% for XGD.TO and 0.28% for KILO-B.TO.