ETHY.TO vs. BND.TO

Last updated Aug 4, 2026

ETHY.TO (Purpose Ether Yield ETF - ETF Units) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - ETHY.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 3 years, ETHY.TO returned -7.57%/yr vs 6.74%/yr for BND.TO. Their 0.13 correlation means their historical movements had little consistent relationship. ETHY.TO charges 1.53%/yr vs 0.45%/yr for BND.TO.

Performance

ETHY.TO vs. BND.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Ether Yield ETF - ETF Units (ETHY.TO) and Purpose Global Bond Fund (BND.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHY.TO achieves a -44.63% return, which is significantly lower than BND.TO's 0.22% return.

ETHY.TO

• 1D: -3.23%
• 1M: 8.29%
• 6M: -27.27%
• YTD: -44.63%
• 1Y: -52.39%
• 3Y*: -7.57%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -23.21%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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
ETHY.TO Purpose Ether Yield ETF - ETF Units	CA$168.42K	CA$177.20K	CA$339.85K

ETHY.TO vs. BND.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ETHY.TO Purpose Ether Yield ETF - ETF Units	-44.63%	-16.24%	40.99%	70.87%	-67.53%	-19.45%
BND.TO Purpose Global Bond Fund	0.22%	7.26%	7.49%	8.45%	-7.80%	0.52%

Correlation

The correlation between ETHY.TO and BND.TO is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (3Y) Balances recent behavior with more history.	0.13
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021	0.13

Return for Risk

ETHY.TO vs. BND.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ETHY.TO

ETHY.TO Risk / Return Rank: 3
ETHY.TO Sharpe Ratio Rank: 3
ETHY.TO Sortino Ratio Rank: 3
ETHY.TO Omega Ratio Rank: 3
ETHY.TO Calmar Ratio Rank: 3
ETHY.TO Martin Ratio Rank: 3

BND.TO

BND.TO Risk / Return Rank: 37
BND.TO Sharpe Ratio Rank: 39
BND.TO Sortino Ratio Rank: 37
BND.TO Omega Ratio Rank: 37
BND.TO Calmar Ratio Rank: 32
BND.TO Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ETHY.TO vs. BND.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Ether Yield ETF - ETF Units (ETHY.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.

	ETHY.TO	BND.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	0.98	-1.75
Sortino ratio: Return per unit of downside risk	-1.04	1.39	-2.44
Omega ratio: Gain probability vs. loss probability	0.88	1.18	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.77	1.11	-1.88
Martin ratio: Return relative to average drawdown	-1.19	4.16	-5.35

ETHY.TO vs. BND.TO - Sharpe Ratio Comparison

The current ETHY.TO Sharpe Ratio is -0.77, which is lower than the BND.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of ETHY.TO and BND.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETHY.TO vs. BND.TO - Drawdown Comparison

The maximum ETHY.TO drawdown since its inception was -77.54%, 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 ETHY.TO and BND.TO.

Drawdown Indicators

	ETHY.TO	BND.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.54%	-16.55%	-60.99%
Max Drawdown (1Y) Largest decline over 1 year	-71.48%	-2.87%	-68.61%
Max Drawdown (3Y) Largest decline over 3 years	-71.48%	-4.33%	-67.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-12.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.55%	—
Current Drawdown Current decline from peak	-70.78%	-1.56%	-69.22%
Average Drawdown Average peak-to-trough decline	-53.57%	-2.09%	-51.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.47%	0.76%	+45.71%

Volatility

ETHY.TO vs. BND.TO - Volatility Comparison

Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a higher volatility of 13.16% compared to Purpose Global Bond Fund (BND.TO) at 1.04%. This indicates that ETHY.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.

Volatility by Period

	ETHY.TO	BND.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.16%	1.04%	+12.12%
Volatility (6M) Calculated over the trailing 6-month period	55.61%	2.81%	+52.80%
Volatility (1Y) Calculated over the trailing 1-year period	72.00%	3.23%	+68.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.65%	5.11%	+60.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.65%	5.15%	+60.50%

ETHY.TO vs. BND.TO - Expense Ratio Comparison

ETHY.TO has a 1.53% expense ratio, which is higher than BND.TO's 0.45% expense ratio.

Dividends

ETHY.TO vs. BND.TO - Dividend Comparison

ETHY.TO's dividend yield for the trailing twelve months is around 47.30%, more than BND.TO's 5.93% yield.

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%
ETHY.TO Purpose Ether Yield ETF - ETF Units	47.30%	19.26%	21.40%	10.34%	26.08%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHY.TO and BND.TO in my portfolio?

ETHY.TO and BND.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHY.TO or BND.TO?

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.

Which ETF is cheaper, ETHY.TO or BND.TO?

BND.TO is cheaper with a 0.45% expense ratio, compared with 1.53% for ETHY.TO.

What is the main difference between ETHY.TO and BND.TO?

ETHY.TO is categorized as Cryptocurrency, while BND.TO is Global Bonds. Their fees differ too: 1.53% for ETHY.TO and 0.45% for BND.TO.