Purpose Enhanced Dividend Fund ETF (PDIV.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Purpose Enhanced Dividend Fund ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Purpose Enhanced Dividend Fund ETF (PDIV.TO) has returned 1.14% so far this year and 13.80% over the past 12 months. Over the last ten years, PDIV.TO has returned 8.91% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.

Based on dividend-adjusted daily data since Apr 11, 2003, PDIV.TO's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, your investment would double in approximately 7.6 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +12.5%, while the worst month was Mar 2020 at -18.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.

On a daily basis, PDIV.TO closed higher 37% of trading days. The best single day was May 25, 2017 with a return of +7.5%, while the worst single day was Mar 12, 2020 at -11.1%.

Purpose Enhanced Dividend Fund ETF has an annualized alpha of 4.58%, beta of 0.27, and R² of 0.08 versus S&P 500 Index. Calculated based on daily prices since February 21, 2013.

• This ETF participated in 51.86% of S&P 500 Index downside but only 48.19% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.27 may look defensive, but with R² of 0.08 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.08 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PDIV.TO has an expense ratio of 0.77%, placing it in the medium range.

PDIV.TO ranks 76 for risk / return — better than 76% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Purpose Enhanced Dividend Fund ETF (PDIV.TO) and compare them to a chosen benchmark (S&P 500 Index).

Purpose Enhanced Dividend Fund ETF provided a 12.30% dividend yield over the last twelve months, with an annual payout of CA$1.14 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Purpose Enhanced Dividend Fund ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Purpose Enhanced Dividend Fund ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Purpose Enhanced Dividend Fund ETF was 30.64%, occurring on Mar 18, 2020. Recovery took 243 trading sessions.

The current Purpose Enhanced Dividend Fund ETF drawdown is 3.25%.

The chart below shows the rolling one-month volatility.