XGD.TO vs. KILO.TO
XGD.TO (iShares S&P/TSX Global Gold Index ETF) and KILO.TO (Purpose Gold Bullion Fund) are both Gold funds. XGD.TO is passively managed, while KILO.TO is actively managed. Over the past 5 years, XGD.TO returned 23.14%/yr vs 16.78%/yr for KILO.TO. A 0.73 correlation means they provide meaningful diversification when combined. XGD.TO charges 0.61%/yr vs 0.28%/yr for KILO.TO.
Performance
XGD.TO vs. KILO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XGD.TO achieves a -3.25% return, which is significantly higher than KILO.TO's -5.68% return.
XGD.TO
- 1D
- -3.91%
- 1M
- -6.09%
- YTD
- -3.25%
- 6M
- -7.99%
- 1Y
- 55.56%
- 3Y*
- 43.50%
- 5Y*
- 23.14%
- 10Y*
- 13.37%
KILO.TO
- 1D
- -1.81%
- 1M
- -9.01%
- YTD
- -5.68%
- 6M
- -9.56%
- 1Y
- 18.91%
- 3Y*
- 26.73%
- 5Y*
- 16.78%
- 10Y*
- —
XGD.TO vs. KILO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGD.TO iShares S&P/TSX Global Gold Index ETF | -3.25% | 144.45% | 19.63% | 3.91% | -3.13% | -5.81% | -16.30% |
KILO.TO Purpose Gold Bullion Fund | -5.68% | 60.17% | 25.97% | 12.15% | -0.90% | -4.72% | -2.21% |
Correlation
The correlation between XGD.TO and KILO.TO is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.73 |
The correlation between XGD.TO and KILO.TO has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
XGD.TO vs. KILO.TO — Risk / Return Rank
XGD.TO
KILO.TO
XGD.TO vs. KILO.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 (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.
| XGD.TO | KILO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 0.76 | +0.93 |
| Martin ratioReturn relative to average drawdown | 4.43 | 2.01 | +2.42 |
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Drawdowns
XGD.TO vs. KILO.TO - Drawdown Comparison
The maximum XGD.TO drawdown since its inception was -72.56%, which is greater than KILO.TO's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for XGD.TO and KILO.TO.
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Drawdown Indicators
| XGD.TO | KILO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.56% | -24.90% | -47.66% |
Max Drawdown (1Y)Largest decline over 1 year | -33.06% | -24.90% | -8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -33.06% | -24.90% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -24.90% | -15.92% |
Max Drawdown (10Y)Largest decline over 10 years | -46.96% | — | — |
Current DrawdownCurrent decline from peak | -28.37% | -24.51% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -31.91% | -6.79% | -25.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.59% | 9.44% | +3.15% |
Volatility
XGD.TO vs. KILO.TO - Volatility Comparison
iShares S&P/TSX Global Gold Index ETF (XGD.TO) has a higher volatility of 16.16% compared to Purpose Gold Bullion Fund (KILO.TO) at 7.88%. This indicates that XGD.TO's price experiences larger fluctuations and is considered to be riskier 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
| XGD.TO | KILO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.16% | 7.88% | +8.28% |
Volatility (6M)Calculated over the trailing 6-month period | 36.86% | 23.72% | +13.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.08% | 27.23% | +17.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.12% | 18.13% | +14.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.55% | 17.86% | +15.69% |
XGD.TO vs. KILO.TO - Expense Ratio Comparison
XGD.TO has a 0.61% expense ratio, which is higher than KILO.TO's 0.28% expense ratio.
Dividends
XGD.TO vs. KILO.TO - Dividend Comparison
XGD.TO's dividend yield for the trailing twelve months is around 0.64%, while KILO.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KILO.TO Purpose Gold Bullion Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.64% | 0.62% | 0.93% | 1.49% | 1.77% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.10% | 0.57% |
Frequently Asked Questions
XGD.TO and KILO.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KILO.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KILO.TO is cheaper with a 0.28% expense ratio, compared with 0.61% for XGD.TO.
They also come from different issuers: iShares and Purpose Investments. Their fees differ too: 0.61% for XGD.TO and 0.28% for KILO.TO.
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