MNU-U.TO vs. YNVD.NEO
MNU-U.TO (Purpose USD Cash Management ETF) and YNVD.NEO (NVIDIA (NVDA) Yield Shares Purpose ETF) are both exchange-traded funds - MNU-U.TO is a Ultrashort Bond fund actively managed by Purpose Investments, while YNVD.NEO is a Derivative Income fund actively managed by Purpose Investments. Both are actively managed. Over the past year, MNU-U.TO returned 2.83% vs 66.58% for YNVD.NEO. At a correlation of -0.01, they often move in opposite directions. MNU-U.TO charges 0.20%/yr vs 1.94%/yr for YNVD.NEO.
Performance
MNU-U.TO vs. YNVD.NEO - Performance Comparison
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Different Trading Currencies
MNU-U.TO is traded in USD, while YNVD.NEO is traded in CAD. To make them comparable, the YNVD.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MNU-U.TO achieves a 1.13% return, which is significantly lower than YNVD.NEO's 15.60% return.
MNU-U.TO
- 1D
- 0.01%
- 1M
- 0.21%
- YTD
- 1.13%
- 6M
- 1.28%
- 1Y
- 2.83%
- 3Y*
- 3.61%
- 5Y*
- —
- 10Y*
- —
YNVD.NEO
- 1D
- -4.60%
- 1M
- 7.46%
- YTD
- 15.60%
- 6M
- 28.10%
- 1Y
- 66.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MNU-U.TO vs. YNVD.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MNU-U.TO Purpose USD Cash Management ETF | 1.13% | 2.98% | 4.11% |
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 15.60% | 51.43% | 119.34% |
Correlation
The correlation between MNU-U.TO and YNVD.NEO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | -0.01 |
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Return for Risk
MNU-U.TO vs. YNVD.NEO — Risk / Return Rank
MNU-U.TO
YNVD.NEO
MNU-U.TO vs. YNVD.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose USD Cash Management ETF (MNU-U.TO) and NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO). 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.
| MNU-U.TO | YNVD.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.30 | ||
| Sortino ratioReturn per unit of downside risk | +7.39 | ||
| Omega ratioGain probability vs. loss probability | 3.65 | 1.31 | +2.34 |
| Calmar ratioReturn relative to maximum drawdown | 17.71 | 3.78 | +13.94 |
| Martin ratioReturn relative to average drawdown | 96.29 | 11.31 | +84.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MNU-U.TO | YNVD.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.16 | 1.86 | +5.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.00 | 1.44 | +4.57 |
Drawdowns
MNU-U.TO vs. YNVD.NEO - Drawdown Comparison
The maximum MNU-U.TO drawdown since its inception was -0.43%, smaller than the maximum YNVD.NEO drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for MNU-U.TO and YNVD.NEO.
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Drawdown Indicators
| MNU-U.TO | YNVD.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.43% | -41.29% | +40.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -17.71% | +17.55% |
Max Drawdown (3Y)Largest decline over 3 years | -0.43% | — | — |
Current DrawdownCurrent decline from peak | -0.00% | -5.51% | +5.51% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -8.82% | +8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 5.91% | -5.88% |
Volatility
MNU-U.TO vs. YNVD.NEO - Volatility Comparison
The current volatility for Purpose USD Cash Management ETF (MNU-U.TO) is 0.09%, while NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) has a volatility of 13.15%. This indicates that MNU-U.TO experiences smaller price fluctuations and is considered to be less risky than YNVD.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNU-U.TO | YNVD.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 13.15% | -13.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 28.21% | -27.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.40% | 36.11% | -35.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.61% | 53.39% | -52.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.61% | 53.39% | -52.78% |
MNU-U.TO vs. YNVD.NEO - Expense Ratio Comparison
MNU-U.TO has a 0.20% expense ratio, which is lower than YNVD.NEO's 1.94% expense ratio.
Dividends
MNU-U.TO vs. YNVD.NEO - Dividend Comparison
MNU-U.TO's dividend yield for the trailing twelve months is around 2.79%, less than YNVD.NEO's 21.78% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MNU-U.TO Purpose USD Cash Management ETF | 2.79% | 2.98% | 4.25% | 2.69% |
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 21.78% | 23.48% | 17.81% | 0.00% |
Frequently Asked Questions
MNU-U.TO and YNVD.NEO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNU-U.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNU-U.TO is cheaper with a 0.20% expense ratio, compared with 1.94% for YNVD.NEO.
MNU-U.TO is categorized as Ultrashort Bond, while YNVD.NEO is Derivative Income. Their fees differ too: 0.20% for MNU-U.TO and 1.94% for YNVD.NEO.
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