MNY.TO vs. PRA.TO
MNY.TO (Purpose Cash Management Fund) and PRA.TO (Purpose Diversified Real Asset Fund) are both exchange-traded funds - MNY.TO is a Money Market fund actively managed by Purpose, while PRA.TO is a Diversified Portfolio fund actively managed by Purpose. Both are actively managed. Over the past 3 years, MNY.TO returned 3.79%/yr vs 17.34%/yr for PRA.TO. Their -0.00 correlation means they have often moved in opposite directions in the past. MNY.TO charges 0.22%/yr vs 0.73%/yr for PRA.TO.
Performance
MNY.TO vs. PRA.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 PRA.TO's 24.59% 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%
PRA.TO
- 1D
- -0.50%
- 1M
- 2.59%
- 6M
- 14.52%
- YTD
- 24.59%
- 1Y
- 38.92%
- 3Y*
- 17.34%
- 5Y*
- 15.33%
- 10Y*
- 10.34%
- ALL TIME*
- 7.82%
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$299.91K | CA$380.88K | CA$470.71K |
MNY.TO vs. PRA.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% |
PRA.TO Purpose Diversified Real Asset Fund | 24.59% | 18.21% | 8.78% | 2.07% | 3.48% |
Correlation
The correlation between MNY.TO and PRA.TO is -0.07, 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. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | -0.00 |
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Return for Risk
MNY.TO vs. PRA.TO — Risk / Return Rank
MNY.TO
PRA.TO
MNY.TO vs. PRA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Cash Management Fund (MNY.TO) and Purpose Diversified Real Asset Fund (PRA.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 | PRA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.77 | ||
| Sortino ratioReturn per unit of downside risk | +45.70 | ||
| Omega ratioGain probability vs. loss probability | 22.10 | 1.52 | +20.58 |
| Calmar ratioReturn relative to maximum drawdown | 64.35 | 6.15 | +58.21 |
| Martin ratioReturn relative to average drawdown | 582.61 | 20.11 | +562.50 |
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Drawdowns
MNY.TO vs. PRA.TO - Drawdown Comparison
The maximum MNY.TO drawdown since its inception was -0.24%, smaller than the maximum PRA.TO drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for MNY.TO and PRA.TO.
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Drawdown Indicators
| MNY.TO | PRA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.24% | -34.17% | +33.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -6.13% | +6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -13.47% | +13.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.26% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.57% | +1.57% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -7.56% | +7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.87% | -1.87% |
Volatility
MNY.TO vs. PRA.TO - Volatility Comparison
The current volatility for Purpose Cash Management Fund (MNY.TO) is 0.05%, while Purpose Diversified Real Asset Fund (PRA.TO) has a volatility of 2.87%. This indicates that MNY.TO experiences smaller price fluctuations and is considered to be less risky than PRA.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 | PRA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 2.87% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.10% | 8.95% | -8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.16% | 12.64% | -12.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.32% | 13.59% | -13.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 14.45% | -14.13% |
MNY.TO vs. PRA.TO - Expense Ratio Comparison
MNY.TO has a 0.22% expense ratio, which is lower than PRA.TO's 0.73% expense ratio.
Dividends
MNY.TO vs. PRA.TO - Dividend Comparison
MNY.TO's dividend yield for the trailing twelve months is around 2.51%, more than PRA.TO's 2.10% 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% |
PRA.TO Purpose Diversified Real Asset Fund | 2.10% | 3.23% | 2.95% | 3.12% | 1.93% | 1.25% | 1.52% | 1.57% | 1.77% | 1.93% | 1.64% | 2.09% |
Frequently Asked Questions
MNY.TO and PRA.TO have a correlation of -0.07, 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 0.73% for PRA.TO.
MNY.TO is categorized as Money Market, while PRA.TO is Diversified Portfolio. Their fees differ too: 0.22% for MNY.TO and 0.73% for PRA.TO.
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