PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Purpose Global Bond Class (IGB.TO) Sharpe Ratio: 0.63

ETF · Currency in CAD · Last updated Jul 25, 2026

Purpose Global Bond Class is an actively managed fixed-income ETF that invests through the Purpose Global Bond Fund in diversified investment-grade and high-yield corporate, government, and other debt securities from North American and international issuers.

IGB.TO's Sharpe Ratio of 0.63 indicates that for each unit of volatility, it generates 0.63 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 25, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

IGB.TO Sharpe Ratio Rank

IGB.TO Sharpe Ratio Rank: 27.127
Below Average

IGB.TO ranks above 27.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

IGB.TO Sharpe Ratio Market Positioning

The chart shows IGB.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.58 or lower
  • Yellow zone (middle 50%): 0.58 to 1.73
  • Green zone (top 25%): 1.73 or higher
  • Top 1%: 6.29+
  • Median: 1.22 — half of all investments score higher

How it compares to other similar ETFs

The table compares Purpose Global Bond Class's Sharpe Ratio with other ETFs in the Global Bonds, Investment Grade Bonds, Actively Managed category across multiple time periods, showing how IGB.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CBNK.TOMulvihill Canadian Bank Enhanced Yield ETF5.28
PDF.TOPurpose Core Dividend Fund3.99
PRA.TOPurpose Diversified Real Asset Fund3.08
RIRA.TORussell Investments Real Assets2.88
RPDH.TORBC Quant European Dividend Leaders CAD Hedged ETF2.88
HFR.TOGlobal X Active Ultra-Short Term Investment Grade Bond ETF2.75
ATSX.TOAccelerate Canadian Long Short Equity Fund2.54
CNCC.TOGlobal X Canadian S&P/TSX 60 Covered Call ETF2.52
ONEQ.TOCI Global Core Plus Equity ETF2.32
DIVS.TOEvolve Active Canadian Preferred Share Fund2.28
IGB.TOPurpose Global Bond Class0.63

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows IGB.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when IGB.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does IGB.TO fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio