MNY.TO vs. BND.TO
MNY.TO (Purpose Cash Management Fund) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - MNY.TO is a Money Market 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, MNY.TO returned 3.79%/yr vs 6.74%/yr for BND.TO. Their 0.02 correlation means their historical movements had little consistent relationship. MNY.TO charges 0.22%/yr vs 0.45%/yr for BND.TO.
Performance
MNY.TO vs. BND.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MNY.TO achieves a 1.36% return, which is significantly higher than BND.TO's 0.22% return.
MNY.TO
- 1D
- 0.04%
- 1M
- 0.19%
- 6M
- 1.20%
- YTD
- 1.36%
- 1Y
- 2.54%
- 3Y*
- 3.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.94%
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 |
| CA$7.14M | CA$7.01M | CA$5.03M |
MNY.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MNY.TO Purpose Cash Management Fund | 1.36% | 3.03% | 4.69% | 5.03% | 1.18% |
BND.TO Purpose Global Bond Fund | 0.22% | 7.26% | 7.49% | 8.45% | 0.16% |
Correlation
The correlation between MNY.TO and BND.TO is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MNY.TO vs. BND.TO — Risk / Return Rank
MNY.TO
BND.TO
MNY.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Cash Management Fund (MNY.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.
| MNY.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +14.78 | ||
| Sortino ratioReturn per unit of downside risk | +48.36 | ||
| Omega ratioGain probability vs. loss probability | 22.10 | 1.18 | +20.92 |
| Calmar ratioReturn relative to maximum drawdown | 64.35 | 1.11 | +63.25 |
| Martin ratioReturn relative to average drawdown | 582.61 | 4.16 | +578.45 |
Loading charts...
Drawdowns
MNY.TO vs. BND.TO - Drawdown Comparison
The maximum MNY.TO drawdown since its inception was -0.24%, smaller than the maximum BND.TO drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for MNY.TO and BND.TO.
Loading charts...
Drawdown Indicators
| MNY.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.24% | -16.55% | +16.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -2.87% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -4.33% | +4.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.55% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.56% | +1.56% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -2.09% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.76% | -0.76% |
Volatility
MNY.TO vs. BND.TO - Volatility Comparison
The current volatility for Purpose Cash Management Fund (MNY.TO) is 0.05%, while Purpose Global Bond Fund (BND.TO) has a volatility of 1.04%. This indicates that MNY.TO experiences smaller price fluctuations and is considered to be less risky than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MNY.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 1.04% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 0.10% | 2.81% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.16% | 3.23% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.32% | 5.11% | -4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 5.15% | -4.83% |
MNY.TO vs. BND.TO - Expense Ratio Comparison
MNY.TO has a 0.22% expense ratio, which is lower than BND.TO's 0.45% expense ratio.
Dividends
MNY.TO vs. BND.TO - Dividend Comparison
MNY.TO's dividend yield for the trailing twelve months is around 2.51%, less 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% |
MNY.TO Purpose Cash Management Fund | 2.51% | 2.93% | 4.71% | 4.85% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MNY.TO and BND.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNY.TO is cheaper with a 0.22% expense ratio, compared with 0.45% for BND.TO.
MNY.TO is categorized as Money Market, while BND.TO is Global Bonds. Their fees differ too: 0.22% for MNY.TO and 0.45% for BND.TO.
Find the right allocation for MNY.TO and BND.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer