ETHH.TO vs. BND.TO
ETHH.TO (Purpose Ether ETF) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - ETHH.TO is a Cryptocurrency fund actively managed by Purpose, while BND.TO is a Global Bonds fund actively managed by Purpose. Both are actively managed. Over the past 5 years, ETHH.TO returned -8.33%/yr vs 2.90%/yr for BND.TO. Their 0.12 correlation means their historical movements had little consistent relationship. ETHH.TO charges 1.00%/yr vs 0.45%/yr for BND.TO.
Performance
ETHH.TO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHH.TO achieves a -38.87% return, which is significantly lower than BND.TO's 0.22% return.
ETHH.TO
- 1D
- -2.81%
- 1M
- 6.79%
- 6M
- -21.54%
- YTD
- -38.87%
- 1Y
- -48.97%
- 3Y*
- -3.29%
- 5Y*
- -8.33%
- 10Y*
- —
- ALL TIME*
- -7.09%
BND.TO
- 1D
- -0.11%
- 1M
- -1.51%
- 6M
- -0.09%
- YTD
- 0.22%
- 1Y
- 3.10%
- 3Y*
- 6.74%
- 5Y*
- 2.90%
- 10Y*
- 2.78%
- ALL TIME*
- 2.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BND.TO Purpose Global Bond Fund | CA$509.73K | CA$810.65K | CA$795.74K |
ETHH.TO Purpose Ether ETF | CA$119.99K | CA$198.31K | CA$386.38K |
ETHH.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHH.TO Purpose Ether ETF | -38.87% | -14.37% | 38.87% | 91.16% | -69.16% | 58.33% |
BND.TO Purpose Global Bond Fund | 0.22% | 7.26% | 7.49% | 8.45% | -7.80% | 1.12% |
Correlation
The correlation between ETHH.TO and BND.TO is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.12 |
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Return for Risk
ETHH.TO vs. BND.TO — Risk / Return Rank
ETHH.TO
BND.TO
ETHH.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Ether ETF (ETHH.TO) and Purpose Global Bond Fund (BND.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETHH.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.18 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.11 | -1.86 |
| Martin ratioReturn relative to average drawdown | -1.12 | 4.16 | -5.29 |
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Drawdowns
ETHH.TO vs. BND.TO - Drawdown Comparison
The maximum ETHH.TO drawdown since its inception was -79.46%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for ETHH.TO and BND.TO.
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Drawdown Indicators
| ETHH.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -16.55% | -62.91% |
Max Drawdown (1Y)Largest decline over 1 year | -68.96% | -2.87% | -66.09% |
Max Drawdown (3Y)Largest decline over 3 years | -68.96% | -4.33% | -64.63% |
Max Drawdown (5Y)Largest decline over 5 years | -79.46% | -12.43% | -67.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.55% | — |
Current DrawdownCurrent decline from peak | -67.40% | -1.56% | -65.84% |
Average DrawdownAverage peak-to-trough decline | -49.64% | -2.09% | -47.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.41% | 0.76% | +45.65% |
Volatility
ETHH.TO vs. BND.TO - Volatility Comparison
Purpose Ether ETF (ETHH.TO) has a higher volatility of 11.69% compared to Purpose Global Bond Fund (BND.TO) at 1.04%. This indicates that ETHH.TO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHH.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.69% | 1.04% | +10.65% |
Volatility (6M)Calculated over the trailing 6-month period | 45.66% | 2.81% | +42.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.55% | 3.23% | +63.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.42% | 5.11% | +64.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.59% | 5.15% | +67.44% |
ETHH.TO vs. BND.TO - Expense Ratio Comparison
ETHH.TO has a 1.00% expense ratio, which is higher than BND.TO's 0.45% expense ratio.
Dividends
ETHH.TO vs. BND.TO - Dividend Comparison
ETHH.TO has not paid dividends to shareholders, while BND.TO's dividend yield for the trailing twelve months is around 5.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.93% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
ETHH.TO Purpose Ether ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHH.TO and BND.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BND.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND.TO is cheaper with a 0.45% expense ratio, compared with 1.00% for ETHH.TO.
ETHH.TO is categorized as Cryptocurrency, while BND.TO is Global Bonds. Their fees differ too: 1.00% for ETHH.TO and 0.45% for BND.TO.
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