IGB.TO vs. PBI.TO
IGB.TO (Purpose Global Bond Class) and PBI.TO (Purpose Best Ideas Fund) are both exchange-traded funds - IGB.TO is a Global Bonds fund actively managed by Purpose Investments Inc., while PBI.TO is a Large Cap Blend Equities fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 5 years, IGB.TO returned 2.38%/yr vs 4.37%/yr for PBI.TO. At a 0.14 correlation, their price movements are largely independent. IGB.TO charges 0.55%/yr vs 0.82%/yr for PBI.TO.
Performance
IGB.TO vs. PBI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, IGB.TO achieves a -0.32% return, which is significantly lower than PBI.TO's 3.12% return.
IGB.TO
- 1D
- 0.00%
- 1M
- -1.48%
- 6M
- -0.65%
- YTD
- -0.32%
- 1Y
- 1.77%
- 3Y*
- 5.79%
- 5Y*
- 2.38%
- 10Y*
- —
- ALL TIME*
- 2.74%
PBI.TO
- 1D
- -0.32%
- 1M
- 1.32%
- 6M
- 2.84%
- YTD
- 3.12%
- 1Y
- 8.74%
- 3Y*
- 18.28%
- 5Y*
- 4.37%
- 10Y*
- 10.19%
- ALL TIME*
- 8.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$95.58K | CA$158.59K | CA$295.38K | |
PBI.TO Purpose Best Ideas Fund | CA$35.55K | CA$37.47K | CA$25.30K |
IGB.TO vs. PBI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGB.TO Purpose Global Bond Class | -0.32% | 6.05% | 7.47% | 7.40% | -7.68% | 2.50% | 6.12% | 3.21% | -1.63% |
PBI.TO Purpose Best Ideas Fund | 3.12% | 19.19% | 23.26% | 37.57% | -39.67% | 10.70% | 23.07% | 35.93% | -16.95% |
Correlation
The correlation between IGB.TO and PBI.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.14 |
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Return for Risk
IGB.TO vs. PBI.TO — Risk / Return Rank
IGB.TO
PBI.TO
IGB.TO vs. PBI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Class (IGB.TO) and Purpose Best Ideas Fund (PBI.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.
| IGB.TO | PBI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.54 | +0.08 |
| Martin ratioReturn relative to average drawdown | 2.16 | 1.76 | +0.40 |
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Drawdowns
IGB.TO vs. PBI.TO - Drawdown Comparison
The maximum IGB.TO drawdown since its inception was -16.40%, smaller than the maximum PBI.TO drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for IGB.TO and PBI.TO.
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Drawdown Indicators
| IGB.TO | PBI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -47.87% | +31.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -16.18% | +13.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.28% | -20.01% | +15.73% |
Max Drawdown (5Y)Largest decline over 5 years | -12.34% | -47.87% | +35.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.87% | — |
Current DrawdownCurrent decline from peak | -1.60% | -4.05% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -10.08% | +7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 4.97% | -4.15% |
Volatility
IGB.TO vs. PBI.TO - Volatility Comparison
The current volatility for Purpose Global Bond Class (IGB.TO) is 0.73%, while Purpose Best Ideas Fund (PBI.TO) has a volatility of 4.30%. This indicates that IGB.TO experiences smaller price fluctuations and is considered to be less risky than PBI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGB.TO | PBI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 4.30% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 13.37% | -11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 15.88% | -13.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 22.24% | -17.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 22.00% | -16.25% |
IGB.TO vs. PBI.TO - Expense Ratio Comparison
IGB.TO has a 0.55% expense ratio, which is lower than PBI.TO's 0.82% expense ratio.
Dividends
IGB.TO vs. PBI.TO - Dividend Comparison
IGB.TO's dividend yield for the trailing twelve months is around 4.86%, while PBI.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IGB.TO Purpose Global Bond Class | 4.86% | 5.18% | 5.23% | 4.58% | 4.14% | 3.67% | 3.48% | 2.86% | 1.58% |
PBI.TO Purpose Best Ideas Fund | 0.00% | 3.02% | 0.00% | 0.00% | 2.95% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGB.TO and PBI.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGB.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGB.TO is cheaper with a 0.55% expense ratio, compared with 0.82% for PBI.TO.
IGB.TO is categorized as Global Bonds, while PBI.TO is Large Cap Blend Equities. Their fees differ too: 0.55% for IGB.TO and 0.82% for PBI.TO.
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