ETHY.TO vs. SYLD.TO
ETHY.TO (Purpose Ether Yield ETF - ETF Units) and SYLD.TO (Purpose Strategic Yield Fund) are both exchange-traded funds - ETHY.TO is a Cryptocurrency fund actively managed by Purpose, while SYLD.TO is a High Yield Bonds fund actively managed by Purpose. Both are actively managed. Over the past 3 years, ETHY.TO returned -7.57%/yr vs 10.18%/yr for SYLD.TO. Their 0.19 correlation means their historical movements had little consistent relationship. ETHY.TO charges 1.53%/yr vs 0.95%/yr for SYLD.TO.
Performance
ETHY.TO vs. SYLD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHY.TO achieves a -44.63% return, which is significantly lower than SYLD.TO's 3.26% 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%
SYLD.TO
- 1D
- -0.05%
- 1M
- -0.17%
- 6M
- 2.30%
- YTD
- 3.26%
- 1Y
- 9.15%
- 3Y*
- 10.18%
- 5Y*
- 4.98%
- 10Y*
- —
- ALL TIME*
- 6.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$168.42K | CA$177.20K | CA$339.85K | |
SYLD.TO Purpose Strategic Yield Fund | CA$49.80K | CA$53.52K | CA$104.61K |
ETHY.TO vs. SYLD.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% |
SYLD.TO Purpose Strategic Yield Fund | 3.26% | 10.15% | 13.23% | 6.84% | -8.64% | 0.51% |
Correlation
The correlation between ETHY.TO and SYLD.TO is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.19 |
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Return for Risk
ETHY.TO vs. SYLD.TO — Risk / Return Rank
ETHY.TO
SYLD.TO
ETHY.TO vs. SYLD.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 Strategic Yield Fund (SYLD.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 | SYLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.38 | ||
| Sortino ratioReturn per unit of downside risk | -5.38 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.54 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 6.22 | -6.99 |
| Martin ratioReturn relative to average drawdown | -1.19 | 24.49 | -25.68 |
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Drawdowns
ETHY.TO vs. SYLD.TO - Drawdown Comparison
The maximum ETHY.TO drawdown since its inception was -77.54%, which is greater than SYLD.TO's maximum drawdown of -32.17%. Use the drawdown chart below to compare losses from any high point for ETHY.TO and SYLD.TO.
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Drawdown Indicators
| ETHY.TO | SYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.54% | -32.17% | -45.37% |
Max Drawdown (1Y)Largest decline over 1 year | -71.48% | -1.39% | -70.09% |
Max Drawdown (3Y)Largest decline over 3 years | -71.48% | -3.40% | -68.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.48% | — |
Current DrawdownCurrent decline from peak | -70.78% | -0.37% | -70.41% |
Average DrawdownAverage peak-to-trough decline | -53.57% | -2.56% | -51.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.47% | 0.35% | +46.12% |
Volatility
ETHY.TO vs. SYLD.TO - Volatility Comparison
Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a higher volatility of 13.16% compared to Purpose Strategic Yield Fund (SYLD.TO) at 0.60%. This indicates that ETHY.TO's price experiences larger fluctuations and is considered to be riskier than SYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHY.TO | SYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 0.60% | +12.56% |
Volatility (6M)Calculated over the trailing 6-month period | 55.61% | 1.95% | +53.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.00% | 3.30% | +68.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.65% | 4.48% | +61.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.65% | 10.05% | +55.60% |
ETHY.TO vs. SYLD.TO - Expense Ratio Comparison
ETHY.TO has a 1.53% expense ratio, which is higher than SYLD.TO's 0.95% expense ratio.
Dividends
ETHY.TO vs. SYLD.TO - Dividend Comparison
ETHY.TO's dividend yield for the trailing twelve months is around 47.30%, more than SYLD.TO's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SYLD.TO Purpose Strategic Yield Fund | 5.86% | 5.85% | 6.07% | 6.45% | 6.46% | 5.56% | 5.91% | 6.13% | 4.70% |
Frequently Asked Questions
ETHY.TO and SYLD.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYLD.TO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYLD.TO is cheaper with a 0.95% expense ratio, compared with 1.53% for ETHY.TO.
ETHY.TO is categorized as Cryptocurrency, while SYLD.TO is High Yield Bonds. Their fees differ too: 1.53% for ETHY.TO and 0.95% for SYLD.TO.
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