ZGLH.TO vs. KILO.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Gold Bullion Hedged to CAD ETF (ZGLH.TO) and Purpose Gold Bullion Fund (KILO.TO).

ZGLH.TO and KILO.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZGLH.TO is an actively managed fund by BMO. It was launched on Mar 8, 2024.

Performance

ZGLH.TO vs. KILO.TO - Performance Comparison

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

ZGLH.TO vs. KILO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ZGLH.TO BMO Gold Bullion Hedged to CAD ETF	7.81%	61.24%	18.72%
KILO.TO Purpose Gold Bullion Fund	8.08%	60.17%	19.14%

Returns By Period

The year-to-date returns for both investments are quite close, with ZGLH.TO having a 7.81% return and KILO.TO slightly higher at 8.08%.

ZGLH.TO

• 1D: 4.00%
• 1M: -11.16%
• YTD: 7.81%
• 6M: 19.83%
• 1Y: 46.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KILO.TO

• 1D: 3.92%
• 1M: -11.13%
• YTD: 8.08%
• 6M: 19.90%
• 1Y: 45.80%
• 3Y*: 31.34%
• 5Y*: 20.61%
• 10Y*: —

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

ZGLH.TO vs. KILO.TO - Expense Ratio Comparison

ZGLH.TO

BMO Gold Bullion Hedged to CAD ETF

Return for Risk

ZGLH.TO vs. KILO.TO — Risk / Return Rank

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

ZGLH.TO

ZGLH.TO Risk / Return Rank: 82
ZGLH.TO Sharpe Ratio Rank: 85
ZGLH.TO Sortino Ratio Rank: 81
ZGLH.TO Omega Ratio Rank: 81
ZGLH.TO Calmar Ratio Rank: 83
ZGLH.TO Martin Ratio Rank: 81

KILO.TO

KILO.TO Risk / Return Rank: 84
KILO.TO Sharpe Ratio Rank: 86
KILO.TO Sortino Ratio Rank: 84
KILO.TO Omega Ratio Rank: 82
KILO.TO Calmar Ratio Rank: 86
KILO.TO Martin Ratio Rank: 84

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.

ZGLH.TO vs. KILO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Gold Bullion Hedged to CAD ETF (ZGLH.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.

	ZGLH.TO	KILO.TO	Difference
Sharpe ratio Return per unit of total volatility	1.71	1.67	+0.04
Sortino ratio Return per unit of downside risk	2.15	2.13	+0.02
Omega ratio Gain probability vs. loss probability	1.32	1.31	+0.01
Calmar ratio Return relative to maximum drawdown	2.48	2.45	+0.03
Martin ratio Return relative to average drawdown	9.14	9.04	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZGLH.TO vs. KILO.TO - Sharpe Ratio Comparison

The current ZGLH.TO Sharpe Ratio is 1.71, which is comparable to the KILO.TO Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of ZGLH.TO and KILO.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

	ZGLH.TO	KILO.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.67	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.92	1.10	+0.82

Correlation

The correlation between ZGLH.TO and KILO.TO is 0.74, 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

ZGLH.TO vs. KILO.TO - Dividend Comparison

Neither ZGLH.TO nor KILO.TO has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
ZGLH.TO BMO Gold Bullion Hedged to CAD ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KILO.TO Purpose Gold Bullion Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.41%

Drawdowns

ZGLH.TO vs. KILO.TO - Drawdown Comparison

The maximum ZGLH.TO drawdown since its inception was -19.51%, smaller than the maximum KILO.TO drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for ZGLH.TO and KILO.TO.

Drawdown Indicators

	ZGLH.TO	KILO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-19.51%	-22.67%	+3.16%
Max Drawdown (1Y) Largest decline over 1 year	-19.51%	-19.62%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.31%	—
Current Drawdown Current decline from peak	-13.47%	-13.50%	+0.03%
Average Drawdown Average peak-to-trough decline	-2.71%	-7.02%	+4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	5.31%	-0.01%

Volatility

ZGLH.TO vs. KILO.TO - Volatility Comparison

BMO Gold Bullion Hedged to CAD ETF (ZGLH.TO) and Purpose Gold Bullion Fund (KILO.TO) have volatilities of 11.24% and 11.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZGLH.TO	KILO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.24%	11.21%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	23.59%	23.93%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	27.19%	27.59%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.13%	17.66%	+4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.13%	18.04%	+4.09%