ZGLD.TO vs. KILO-B.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BMO Gold Bullion ETF (CAD Units) (ZGLD.TO) and Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO).

ZGLD.TO and KILO-B.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZGLD.TO is a passively managed fund by BMO that tracks the performance of the Gold Bullion. It was launched on Mar 8, 2024. KILO-B.TO is an actively managed fund by Purpose Investments. It was launched on Oct 15, 2018.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Gold Bullion ETF (CAD Units) (ZGLD.TO) and Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024
ZGLD.TO BMO Gold Bullion ETF (CAD Units)	11.93%	55.82%	28.23%
KILO-B.TO Purpose Gold Bullion Fund ETF Non-Currency Hedged	9.94%	56.51%	27.77%

Returns By Period

In the year-to-date period, ZGLD.TO achieves a 11.93% return, which is significantly higher than KILO-B.TO's 9.94% return.

ZGLD.TO

• 1D: 1.53%
• 1M: -9.24%
• YTD: 11.93%
• 6M: 22.61%
• 1Y: 48.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KILO-B.TO

• 1D: 3.80%
• 1M: -9.42%
• YTD: 9.94%
• 6M: 21.41%
• 1Y: 44.69%
• 3Y*: 34.39%
• 5Y*: 24.48%
• 10Y*: —

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

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

ZGLD.TO has a 0.23% expense ratio, which is lower than KILO-B.TO's 0.28% expense ratio.

KILO-B.TO

Purpose Gold Bullion Fund ETF Non-Currency Hedged

ZGLD.TO

BMO Gold Bullion ETF (CAD Units)

Return for Risk

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

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

ZGLD.TO

ZGLD.TO Risk / Return Rank: 85
ZGLD.TO Sharpe Ratio Rank: 87
ZGLD.TO Sortino Ratio Rank: 85
ZGLD.TO Omega Ratio Rank: 85
ZGLD.TO Calmar Ratio Rank: 86
ZGLD.TO Martin Ratio Rank: 82

KILO-B.TO

KILO-B.TO Risk / Return Rank: 84
KILO-B.TO Sharpe Ratio Rank: 85
KILO-B.TO Sortino Ratio Rank: 83
KILO-B.TO Omega Ratio Rank: 83
KILO-B.TO Calmar Ratio Rank: 87
KILO-B.TO Martin Ratio Rank: 83

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.

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

This table presents a comparison of risk-adjusted performance metrics for BMO Gold Bullion ETF (CAD Units) (ZGLD.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.

	ZGLD.TO	KILO-B.TO	Difference
Sharpe ratio Return per unit of total volatility	1.86	1.73	+0.13
Sortino ratio Return per unit of downside risk	2.33	2.19	+0.13
Omega ratio Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio Return relative to maximum drawdown	2.72	2.73	-0.01
Martin ratio Return relative to average drawdown	9.45	9.62	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ZGLD.TO Sharpe Ratio is 1.86, which is comparable to the KILO-B.TO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of ZGLD.TO and KILO-B.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZGLD.TO	KILO-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	1.73	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	1.30	+1.03

Correlation

The correlation between ZGLD.TO and KILO-B.TO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

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

Neither ZGLD.TO nor KILO-B.TO has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
ZGLD.TO BMO Gold Bullion ETF (CAD Units)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Drawdowns

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

The maximum ZGLD.TO drawdown since its inception was -17.23%, smaller than the maximum KILO-B.TO drawdown of -22.54%. Use the drawdown chart below to compare losses from any high point for ZGLD.TO and KILO-B.TO.

Drawdown Indicators

	ZGLD.TO	KILO-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-17.23%	-22.54%	+5.31%
Max Drawdown (1Y) Largest decline over 1 year	-17.23%	-17.41%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.41%	—
Current Drawdown Current decline from peak	-9.24%	-10.76%	+1.52%
Average Drawdown Average peak-to-trough decline	-2.61%	-7.59%	+4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	4.93%	+0.03%

Volatility

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

The current volatility for BMO Gold Bullion ETF (CAD Units) (ZGLD.TO) is 10.15%, while Purpose Gold Bullion Fund ETF Non-Currency Hedged (KILO-B.TO) has a volatility of 11.07%. This indicates that ZGLD.TO experiences smaller price fluctuations and is considered to be less risky than KILO-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZGLD.TO	KILO-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.15%	11.07%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	23.03%	22.98%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	26.00%	26.05%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	16.59%	+4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.69%	17.98%	+2.71%