Purpose High Interest Savings Fund (PSA.TO)

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

Purpose High Interest Savings Fund (PSA.TO) has returned 0.50% so far this year and 2.43% over the past 12 months. Over the last ten years, PSA.TO has returned 2.23% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.

Based on dividend-adjusted daily data since Oct 15, 2013, PSA.TO's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, your investment would double in approximately 34.0 years.

Historically, 100% of months were positive and 0% were negative. The best month was May 2024 with a return of +0.5%, while the worst month was May 2021 at 0.0%. The longest winning streak lasted 150 consecutive months, and the longest losing streak was 0 months.

On a daily basis, PSA.TO closed higher 54% of trading days. The best single day was Apr 6, 2023 with a return of +0.1%, while the worst single day was Jun 29, 2022 at -0.0%.

Purpose High Interest Savings Fund has an annualized alpha of 2.07%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 16, 2013.

• This ETF captured 4.63% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.51%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R² of 0.00 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 0.00 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.

PSA.TO has an expense ratio of 0.17%, which is considered low.

PSA.TO ranks 100 for risk / return — in the top 100% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Purpose High Interest Savings Fund (PSA.TO) and compare them to a chosen benchmark (S&P 500 Index).

Purpose High Interest Savings Fund provided a 2.41% dividend yield over the last twelve months, with an annual payout of CA$1.21 per share.

The table displays the monthly dividend distributions for Purpose High Interest Savings Fund. 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 High Interest Savings Fund. 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 High Interest Savings Fund was 0.04%, occurring on Jun 29, 2022. Recovery took 7 trading sessions.

The current Purpose High Interest Savings Fund drawdown is 0.01%.

The chart below shows the rolling one-month volatility.