MNY.TO vs. PDF.TO
MNY.TO (Purpose Cash Management Fund) and PDF.TO (Purpose Core Dividend Fund) are both exchange-traded funds - MNY.TO is a Money Market fund actively managed by Purpose, while PDF.TO is a Dividend fund actively managed by Purpose. Both are actively managed. Over the past 3 years, MNY.TO returned 3.79%/yr vs 19.06%/yr for PDF.TO. Their 0.02 correlation means their historical movements had little consistent relationship. MNY.TO charges 0.22%/yr vs 0.66%/yr for PDF.TO.
Performance
MNY.TO vs. PDF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MNY.TO achieves a 1.36% return, which is significantly lower than PDF.TO's 20.56% 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%
PDF.TO
- 1D
- 0.07%
- 1M
- 1.78%
- 6M
- 16.58%
- YTD
- 20.56%
- 1Y
- 35.64%
- 3Y*
- 19.06%
- 5Y*
- 12.16%
- 10Y*
- 9.70%
- ALL TIME*
- 10.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$7.14M | CA$7.01M | CA$5.03M | |
| CA$197.79K | CA$214.85K | CA$225.89K |
MNY.TO vs. PDF.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% |
PDF.TO Purpose Core Dividend Fund | 20.56% | 20.44% | 13.61% | 4.13% | 1.04% |
Correlation
The correlation between MNY.TO and PDF.TO is -0.03, 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. | -0.03 |
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 |
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Return for Risk
MNY.TO vs. PDF.TO — Risk / Return Rank
MNY.TO
PDF.TO
MNY.TO vs. PDF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Cash Management Fund (MNY.TO) and Purpose Core Dividend Fund (PDF.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 | PDF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.60 | ||
| Sortino ratioReturn per unit of downside risk | +43.75 | ||
| Omega ratioGain probability vs. loss probability | 22.10 | 1.78 | +20.32 |
| Calmar ratioReturn relative to maximum drawdown | 64.35 | 5.54 | +58.81 |
| Martin ratioReturn relative to average drawdown | 582.61 | 25.22 | +557.39 |
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Drawdowns
MNY.TO vs. PDF.TO - Drawdown Comparison
The maximum MNY.TO drawdown since its inception was -0.24%, smaller than the maximum PDF.TO drawdown of -36.00%. Use the drawdown chart below to compare losses from any high point for MNY.TO and PDF.TO.
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Drawdown Indicators
| MNY.TO | PDF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.24% | -36.00% | +35.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -6.35% | +6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -9.28% | +9.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.76% | +0.76% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -3.44% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.39% | -1.39% |
Volatility
MNY.TO vs. PDF.TO - Volatility Comparison
The current volatility for Purpose Cash Management Fund (MNY.TO) is 0.05%, while Purpose Core Dividend Fund (PDF.TO) has a volatility of 2.82%. This indicates that MNY.TO experiences smaller price fluctuations and is considered to be less risky than PDF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNY.TO | PDF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 2.82% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 0.10% | 6.95% | -6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.16% | 8.46% | -8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.32% | 10.35% | -10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 13.58% | -13.26% |
MNY.TO vs. PDF.TO - Expense Ratio Comparison
MNY.TO has a 0.22% expense ratio, which is lower than PDF.TO's 0.66% expense ratio.
Dividends
MNY.TO vs. PDF.TO - Dividend Comparison
MNY.TO's dividend yield for the trailing twelve months is around 2.51%, less than PDF.TO's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PDF.TO Purpose Core Dividend Fund | 2.78% | 3.49% | 3.82% | 4.17% | 3.77% | 3.19% | 3.84% | 3.65% | 4.33% | 3.50% | 3.38% | 3.40% |
Frequently Asked Questions
MNY.TO and PDF.TO have a correlation of -0.03, 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 0.66% for PDF.TO.
MNY.TO is categorized as Money Market, while PDF.TO is Dividend. Their fees differ too: 0.22% for MNY.TO and 0.66% for PDF.TO.
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