MNY.TO vs. YCST.NEO
MNY.TO (Purpose Cash Management Fund) and YCST.NEO (Costco (COST) Yield Shares Purpose ETF) are both exchange-traded funds - MNY.TO is a Money Market fund actively managed by Purpose Investments, while YCST.NEO is a Derivative Income fund actively managed by Purpose Investments. Both are actively managed. Over the past year, MNY.TO returned 2.59% vs -7.85% for YCST.NEO. At a 0.12 correlation, their price movements are largely independent. MNY.TO charges 0.22%/yr vs 0.40%/yr for YCST.NEO.
Performance
MNY.TO vs. YCST.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, MNY.TO achieves a 0.95% return, which is significantly lower than YCST.NEO's 12.72% return.
MNY.TO
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 0.95%
- 6M
- 1.22%
- 1Y
- 2.59%
- 3Y*
- 3.91%
- 5Y*
- —
- 10Y*
- —
YCST.NEO
- 1D
- 0.77%
- 1M
- -5.63%
- YTD
- 12.72%
- 6M
- 5.30%
- 1Y
- -7.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MNY.TO vs. YCST.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MNY.TO Purpose Cash Management Fund | 0.95% | 2.51% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 12.72% | -16.43% |
Correlation
The correlation between MNY.TO and YCST.NEO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.12 |
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Return for Risk
MNY.TO vs. YCST.NEO — Risk / Return Rank
MNY.TO
YCST.NEO
MNY.TO vs. YCST.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Cash Management Fund (MNY.TO) and Costco (COST) Yield Shares Purpose ETF (YCST.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.
| MNY.TO | YCST.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.46 | ||
| Sortino ratioReturn per unit of downside risk | +52.72 | ||
| Omega ratioGain probability vs. loss probability | 22.32 | 0.95 | +21.37 |
| Calmar ratioReturn relative to maximum drawdown | 65.02 | -0.40 | +65.42 |
| Martin ratioReturn relative to average drawdown | 605.87 | -0.81 | +606.68 |
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
| MNY.TO | YCST.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 16.08 | -0.38 | +16.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 11.02 | -0.18 | +11.20 |
Drawdowns
MNY.TO vs. YCST.NEO - Drawdown Comparison
The maximum MNY.TO drawdown since its inception was -0.24%, smaller than the maximum YCST.NEO drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for MNY.TO and YCST.NEO.
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Drawdown Indicators
| MNY.TO | YCST.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.24% | -19.70% | +19.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -19.54% | +19.50% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -12.62% | +12.62% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -8.56% | +8.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 9.91% | -9.91% |
Volatility
MNY.TO vs. YCST.NEO - Volatility Comparison
The current volatility for Purpose Cash Management Fund (MNY.TO) is 0.03%, while Costco (COST) Yield Shares Purpose ETF (YCST.NEO) has a volatility of 10.33%. This indicates that MNY.TO experiences smaller price fluctuations and is considered to be less risky than YCST.NEO 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 | YCST.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.03% | 10.33% | -10.30% |
Volatility (6M)Calculated over the trailing 6-month period | 0.12% | 16.64% | -16.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.16% | 20.54% | -20.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.37% | 25.22% | -24.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.37% | 25.22% | -24.85% |
MNY.TO vs. YCST.NEO - Expense Ratio Comparison
MNY.TO has a 0.22% expense ratio, which is lower than YCST.NEO's 0.40% expense ratio.
Dividends
MNY.TO vs. YCST.NEO - Dividend Comparison
MNY.TO's dividend yield for the trailing twelve months is around 2.56%, less than YCST.NEO's 14.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MNY.TO Purpose Cash Management Fund | 2.56% | 2.93% | 4.71% | 4.85% | 1.47% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 14.01% | 10.21% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MNY.TO and YCST.NEO have a correlation of 0.12, 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 0.40% for YCST.NEO.
MNY.TO is categorized as Money Market, while YCST.NEO is Derivative Income. Their fees differ too: 0.22% for MNY.TO and 0.40% for YCST.NEO.
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