MNY.TO vs. YNVD.NEO

Last updated Apr 2, 2026

Compare and contrast key facts about Purpose Cash Management Fund (MNY.TO) and NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO).

MNY.TO and YNVD.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MNY.TO is an actively managed fund by Purpose Investments. It was launched on Sep 14, 2022. YNVD.NEO is an actively managed fund by Purpose Investments. It was launched on Jan 18, 2024.

Performance

MNY.TO vs. YNVD.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Cash Management Fund (MNY.TO) and NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO). The values are adjusted to include any dividend payments, if applicable.

MNY.TO vs. YNVD.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MNY.TO Purpose Cash Management Fund	0.54%	3.03%	4.56%
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	-4.19%	44.51%	133.89%

Returns By Period

In the year-to-date period, MNY.TO achieves a 0.54% return, which is significantly higher than YNVD.NEO's -4.19% return.

MNY.TO

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.54%
• 6M: 1.27%
• 1Y: 2.69%
• 3Y*: 4.05%
• 5Y*: —
• 10Y*: —

YNVD.NEO

• 1D: 7.20%
• 1M: -4.17%
• YTD: -4.19%
• 6M: 1.49%
• 1Y: 74.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MNY.TO vs. YNVD.NEO - Expense Ratio Comparison

MNY.TO has a 0.22% expense ratio, which is lower than YNVD.NEO's 1.94% expense ratio.

YNVD.NEO

NVIDIA (NVDA) Yield Shares Purpose ETF

MNY.TO

Purpose Cash Management Fund

Return for Risk

MNY.TO vs. YNVD.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MNY.TO

MNY.TO Risk / Return Rank: 100
MNY.TO Sharpe Ratio Rank: 100
MNY.TO Sortino Ratio Rank: 100
MNY.TO Omega Ratio Rank: 100
MNY.TO Calmar Ratio Rank: 100
MNY.TO Martin Ratio Rank: 100

YNVD.NEO

YNVD.NEO Risk / Return Rank: 87
YNVD.NEO Sharpe Ratio Rank: 84
YNVD.NEO Sortino Ratio Rank: 85
YNVD.NEO Omega Ratio Rank: 80
YNVD.NEO Calmar Ratio Rank: 96
YNVD.NEO Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MNY.TO vs. YNVD.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Cash Management Fund (MNY.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.

	MNY.TO	YNVD.NEO	Difference
Sharpe ratio Return per unit of total volatility	15.32	1.73	+13.59
Sortino ratio Return per unit of downside risk	52.67	2.39	+50.29
Omega ratio Gain probability vs. loss probability	19.96	1.33	+18.64
Calmar ratio Return relative to maximum drawdown	67.75	4.56	+63.19
Martin ratio Return relative to average drawdown	622.62	12.47	+610.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MNY.TO vs. YNVD.NEO - Sharpe Ratio Comparison

The current MNY.TO Sharpe Ratio is 15.32, which is higher than the YNVD.NEO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of MNY.TO and YNVD.NEO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MNY.TO	YNVD.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	15.32	1.73	+13.59
Sharpe Ratio (All Time) Calculated using the full available price history	11.02	1.33	+9.70

Correlation

The correlation between MNY.TO and YNVD.NEO is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MNY.TO vs. YNVD.NEO - Dividend Comparison

MNY.TO's dividend yield for the trailing twelve months is around 2.67%, less than YNVD.NEO's 25.81% yield.

	TTM	2025	2024	2023	2022
MNY.TO Purpose Cash Management Fund	2.67%	2.93%	4.71%	4.85%	1.47%
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	25.81%	23.48%	17.81%	0.00%	0.00%

Drawdowns

MNY.TO vs. YNVD.NEO - Drawdown Comparison

The maximum MNY.TO drawdown since its inception was -0.24%, smaller than the maximum YNVD.NEO drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for MNY.TO and YNVD.NEO.

Drawdown Indicators

	MNY.TO	YNVD.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-0.24%	-41.02%	+40.78%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-17.21%	+17.17%
Current Drawdown Current decline from peak	0.00%	-10.22%	+10.22%
Average Drawdown Average peak-to-trough decline	0.00%	-9.26%	+9.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	6.33%	-6.33%

Volatility

MNY.TO vs. YNVD.NEO - Volatility Comparison

The current volatility for Purpose Cash Management Fund (MNY.TO) is 0.03%, while NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) has a volatility of 13.09%. This indicates that MNY.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.

Volatility by Period

	MNY.TO	YNVD.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.03%	13.09%	-13.06%
Volatility (6M) Calculated over the trailing 6-month period	0.13%	27.75%	-27.62%
Volatility (1Y) Calculated over the trailing 1-year period	0.18%	43.32%	-43.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.38%	53.42%	-53.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.38%	53.42%	-53.04%