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CWIN.TO vs. PDIV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CWIN.TO vs. PDIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.TO).

CWIN.TO and PDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWIN.TO is a passively managed fund by Hamilton that tracks the performance of the Solactive Canada Dividend Elite Champions Index. It was launched on Jan 27, 2025. PDIV.TO is an actively managed fund by Purpose Investments. It was launched on Jan 2, 2018.

Performance

CWIN.TO vs. PDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.TO). The values are adjusted to include any dividend payments, if applicable.

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CWIN.TO vs. PDIV.TO - Yearly Performance Comparison

2026 (YTD)2025
CWIN.TO
HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units		7.09%25.14%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		1.14%13.13%

Returns By Period

In the year-to-date period, CWIN.TO achieves a 7.09% return, which is significantly higher than PDIV.TO's 1.14% return.

CWIN.TO

1D
0.05%
1M
-5.88%
YTD
7.09%
6M
12.26%
1Y
30.47%
3Y*
—
5Y*
—
10Y*
—

PDIV.TO

1D
1.48%
1M
-3.00%
YTD
1.14%
6M
5.00%
1Y
13.80%
3Y*
9.78%
5Y*
7.84%
10Y*
8.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units

Purpose Enhanced Dividend Fund ETF

Often compared with CWIN.TO:
CWIN.TO vs. CMVP.TOCWIN.TO vs. HDIV.TOCWIN.TO vs. CDAY.NEOCWIN.TO vs. AMAX.TOCWIN.TO vs. HEQL.TOCWIN.TO vs. VDY.TOCWIN.TO vs. CLSA.TO
Often compared with PDIV.TO:
PDIV.TO vs. HDIV.TOPDIV.TO vs. SPYIPDIV.TO vs. HYLD.TOPDIV.TO vs. BMAXPDIV.TO vs. PMIF.TOPDIV.TO vs. DGSPDIV.TO vs. USCL.TO

CWIN.TO vs. PDIV.TO - Expense Ratio Comparison

CWIN.TO has a 0.65% expense ratio, which is lower than PDIV.TO's 0.77% expense ratio.

PDIV.TO
Purpose Enhanced Dividend Fund ETF
CWIN.TO
HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units

Return for Risk

CWIN.TO vs. PDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CWIN.TO
CWIN.TO Risk / Return Rank: 9292
Overall Rank
CWIN.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
CWIN.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
CWIN.TO Omega Ratio Rank: 9393
Omega Ratio Rank
CWIN.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
CWIN.TO Martin Ratio Rank: 9393
Martin Ratio Rank
PDIV.TO
PDIV.TO Risk / Return Rank: 7878
Overall Rank
PDIV.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
PDIV.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
PDIV.TO Omega Ratio Rank: 8484
Omega Ratio Rank
PDIV.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
PDIV.TO Martin Ratio Rank: 8181
Martin Ratio Rank
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.

CWIN.TO vs. PDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.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.

CWIN.TOPDIV.TODifference

Sharpe ratio

Return per unit of total volatility

2.12

1.45

+0.67

Sortino ratio

Return per unit of downside risk

2.80

1.99

+0.81

Omega ratio

Gain probability vs. loss probability

1.43

1.33

+0.10

Calmar ratio

Return relative to maximum drawdown

2.98

1.74

+1.24

Martin ratio

Return relative to average drawdown

14.03

8.94

+5.09

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CWIN.TO vs. PDIV.TO - Sharpe Ratio Comparison

The current CWIN.TO Sharpe Ratio is 2.12, which is higher than the PDIV.TO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of CWIN.TO and PDIV.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.

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Sharpe Ratios by Period

CWIN.TOPDIV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.12

1.45

+0.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.80

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.64

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.02

0.59

+1.42

Correlation

The correlation between CWIN.TO and PDIV.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CWIN.TO vs. PDIV.TO - Dividend Comparison

CWIN.TO's dividend yield for the trailing twelve months is around 3.04%, less than PDIV.TO's 12.30% yield.

TTM20252024202320222021202020192018201720162015
CWIN.TO
HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units		3.04%3.21%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		12.30%12.24%12.35%11.84%6.38%5.59%6.33%5.85%6.80%25.71%5.38%8.10%

Drawdowns

CWIN.TO vs. PDIV.TO - Drawdown Comparison

The maximum CWIN.TO drawdown since its inception was -10.87%, smaller than the maximum PDIV.TO drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for CWIN.TO and PDIV.TO.

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Drawdown Indicators

CWIN.TOPDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-10.87%

-30.64%

+19.77%

Max Drawdown (1Y)

Largest decline over 1 year

-10.87%

-8.36%

-2.51%

Max Drawdown (5Y)

Largest decline over 5 years

—

-14.96%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.64%

—

Current Drawdown

Current decline from peak

-6.01%

-3.25%

-2.76%

Average Drawdown

Average peak-to-trough decline

-1.40%

-4.40%

+3.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.31%

1.63%

+0.68%

Volatility

CWIN.TO vs. PDIV.TO - Volatility Comparison

HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) has a higher volatility of 4.75% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 3.48%. This indicates that CWIN.TO's price experiences larger fluctuations and is considered to be riskier than PDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CWIN.TOPDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.75%

3.48%

+1.27%

Volatility (6M)

Calculated over the trailing 6-month period

9.76%

5.58%

+4.18%

Volatility (1Y)

Calculated over the trailing 1-year period

14.51%

9.56%

+4.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.17%

9.89%

+4.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.17%

13.96%

+0.21%