NPI.TO vs. MNY.TO
NPI.TO (Northland Power Inc.) is a stock, while MNY.TO (Purpose Cash Management Fund) is Money Market fund actively managed by Purpose Investments. Over the past 3 years, NPI.TO returned -0.84%/yr vs 3.91%/yr for MNY.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
NPI.TO vs. MNY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NPI.TO achieves a 32.45% return, which is significantly higher than MNY.TO's 0.96% return.
NPI.TO
- 1D
- -0.81%
- 1M
- 0.77%
- YTD
- 32.45%
- 6M
- 37.29%
- 1Y
- 17.96%
- 3Y*
- -0.84%
- 5Y*
- -5.05%
- 10Y*
- 6.38%
MNY.TO
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 0.96%
- 6M
- 1.21%
- 1Y
- 2.59%
- 3Y*
- 3.91%
- 5Y*
- —
- 10Y*
- —
NPI.TO vs. MNY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NPI.TO Northland Power Inc. | 32.45% | 5.66% | -18.65% | -31.01% | -16.13% |
MNY.TO Purpose Cash Management Fund | 0.96% | 3.03% | 4.69% | 5.03% | 1.54% |
Correlation
The correlation between NPI.TO and MNY.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.03 |
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Return for Risk
NPI.TO vs. MNY.TO — Risk / Return Rank
NPI.TO
MNY.TO
NPI.TO vs. MNY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northland Power Inc. (NPI.TO) and Purpose Cash Management Fund (MNY.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.
| NPI.TO | MNY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.64 | ||
| Sortino ratioReturn per unit of downside risk | -51.64 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 22.36 | -21.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 65.14 | -64.66 |
| Martin ratioReturn relative to average drawdown | 1.10 | 607.07 | -605.96 |
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
| NPI.TO | MNY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 16.13 | -15.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 11.02 | -10.54 |
Drawdowns
NPI.TO vs. MNY.TO - Drawdown Comparison
The maximum NPI.TO drawdown since its inception was -58.76%, which is greater than MNY.TO's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for NPI.TO and MNY.TO.
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Drawdown Indicators
| NPI.TO | MNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -0.24% | -58.52% |
Max Drawdown (1Y)Largest decline over 1 year | -37.01% | -0.04% | -36.97% |
Max Drawdown (3Y)Largest decline over 3 years | -37.01% | -0.10% | -36.91% |
Max Drawdown (5Y)Largest decline over 5 years | -57.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.76% | — | — |
Current DrawdownCurrent decline from peak | -37.27% | 0.00% | -37.27% |
Average DrawdownAverage peak-to-trough decline | -12.05% | -0.00% | -12.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.30% | 0.00% | +16.30% |
Volatility
NPI.TO vs. MNY.TO - Volatility Comparison
Northland Power Inc. (NPI.TO) has a higher volatility of 6.96% compared to Purpose Cash Management Fund (MNY.TO) at 0.03%. This indicates that NPI.TO's price experiences larger fluctuations and is considered to be riskier than MNY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPI.TO | MNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 0.03% | +6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 0.12% | +16.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.21% | 0.16% | +36.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.88% | 0.37% | +27.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.69% | 0.37% | +26.32% |
Dividends
NPI.TO vs. MNY.TO - Dividend Comparison
NPI.TO's dividend yield for the trailing twelve months is around 4.12%, more than MNY.TO's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNY.TO Purpose Cash Management Fund | 2.56% | 2.93% | 4.71% | 4.85% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NPI.TO Northland Power Inc. | 4.12% | 6.50% | 11.02% | 6.95% | 5.01% | 5.04% | 4.11% | 6.77% | 5.53% | 4.67% | 4.64% | 5.79% |
Frequently Asked Questions
NPI.TO and MNY.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.
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