ZGD.TO vs. KILO.TO
ZGD.TO (BMO Equal Weight Global Gold Index ETF) and KILO.TO (Purpose Gold Bullion Fund) are both Gold funds. ZGD.TO is passively managed, while KILO.TO is actively managed. Over the past 5 years, ZGD.TO returned 28.34%/yr vs 16.78%/yr for KILO.TO. A 0.69 correlation means they provide meaningful diversification when combined. ZGD.TO charges 0.60%/yr vs 0.28%/yr for KILO.TO.
Performance
ZGD.TO vs. KILO.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZGD.TO achieves a -1.70% return, which is significantly higher than KILO.TO's -5.68% return.
ZGD.TO
- 1D
- -4.74%
- 1M
- -6.76%
- YTD
- -1.70%
- 6M
- -15.79%
- 1Y
- 51.48%
- 3Y*
- 51.89%
- 5Y*
- 28.34%
- 10Y*
- 15.13%
KILO.TO
- 1D
- -1.81%
- 1M
- -9.01%
- YTD
- -5.68%
- 6M
- -9.56%
- 1Y
- 18.91%
- 3Y*
- 26.73%
- 5Y*
- 16.78%
- 10Y*
- —
ZGD.TO vs. KILO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZGD.TO BMO Equal Weight Global Gold Index ETF | -1.70% | 143.74% | 37.44% | 10.13% | -2.33% | -12.59% | -10.20% |
KILO.TO Purpose Gold Bullion Fund | -5.68% | 60.17% | 25.97% | 12.15% | -0.90% | -4.72% | -2.21% |
Correlation
The correlation between ZGD.TO and KILO.TO is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.69 |
The correlation between ZGD.TO and KILO.TO shifts across timeframes, from 0.68 (5 years) to 0.78 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZGD.TO vs. KILO.TO — Risk / Return Rank
ZGD.TO
KILO.TO
ZGD.TO vs. KILO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight Global Gold Index ETF (ZGD.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.
| ZGD.TO | KILO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.76 | +0.78 |
| Martin ratioReturn relative to average drawdown | 4.01 | 2.01 | +2.00 |
Loading charts...
Drawdowns
ZGD.TO vs. KILO.TO - Drawdown Comparison
The maximum ZGD.TO drawdown since its inception was -60.59%, 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 ZGD.TO and KILO.TO.
Loading charts...
Drawdown Indicators
| ZGD.TO | KILO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.59% | -24.90% | -35.69% |
Max Drawdown (1Y)Largest decline over 1 year | -33.55% | -24.90% | -8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -33.55% | -24.90% | -8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -42.75% | -24.90% | -17.85% |
Max Drawdown (10Y)Largest decline over 10 years | -51.83% | — | — |
Current DrawdownCurrent decline from peak | -28.54% | -24.51% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -28.83% | -6.79% | -22.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.87% | 9.44% | +3.43% |
Volatility
ZGD.TO vs. KILO.TO - Volatility Comparison
BMO Equal Weight Global Gold Index ETF (ZGD.TO) has a higher volatility of 17.36% compared to Purpose Gold Bullion Fund (KILO.TO) at 7.88%. This indicates that ZGD.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.
Loading charts...
Volatility by Period
| ZGD.TO | KILO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.36% | 7.88% | +9.48% |
Volatility (6M)Calculated over the trailing 6-month period | 40.03% | 23.72% | +16.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.21% | 27.23% | +20.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.10% | 18.13% | +18.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.62% | 17.86% | +19.76% |
ZGD.TO vs. KILO.TO - Expense Ratio Comparison
ZGD.TO has a 0.60% expense ratio, which is higher than KILO.TO's 0.28% expense ratio.
Dividends
ZGD.TO vs. KILO.TO - Dividend Comparison
ZGD.TO's dividend yield for the trailing twelve months is around 0.22%, 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% |
ZGD.TO BMO Equal Weight Global Gold Index ETF | 0.22% | 0.22% | 0.56% | 0.72% | 0.73% | 0.36% | 0.15% | 1.14% | 0.00% | 0.00% | 0.06% | 0.09% |
Frequently Asked Questions
ZGD.TO and KILO.TO have a correlation of 0.78, 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 0.60% for ZGD.TO.
They also come from different issuers: BMO and Purpose Investments. Their fees differ too: 0.60% for ZGD.TO and 0.28% for KILO.TO.
Find the right allocation for ZGD.TO and KILO.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer