PAYF.TO vs. VOO
Compare and contrast key facts about Purpose Enhanced Premium Yield Fund (PAYF.TO) and Vanguard S&P 500 ETF (VOO).
PAYF.TO and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAYF.TO or VOO.
Correlation
The correlation between PAYF.TO and VOO is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PAYF.TO vs. VOO - Performance Comparison
Key characteristics
PAYF.TO:
1.66
VOO:
1.92
PAYF.TO:
2.40
VOO:
2.58
PAYF.TO:
1.33
VOO:
1.35
PAYF.TO:
3.00
VOO:
2.88
PAYF.TO:
9.13
VOO:
12.03
PAYF.TO:
1.06%
VOO:
2.02%
PAYF.TO:
5.81%
VOO:
12.69%
PAYF.TO:
-17.09%
VOO:
-33.99%
PAYF.TO:
0.00%
VOO:
0.00%
Returns By Period
In the year-to-date period, PAYF.TO achieves a 4.65% return, which is significantly higher than VOO's 4.36% return.
PAYF.TO
4.65%
2.84%
3.33%
9.47%
6.59%
N/A
VOO
4.36%
2.34%
10.20%
24.11%
14.50%
13.28%
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PAYF.TO vs. VOO - Expense Ratio Comparison
Risk-Adjusted Performance
PAYF.TO vs. VOO — Risk-Adjusted Performance Rank
PAYF.TO
VOO
PAYF.TO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Enhanced Premium Yield Fund (PAYF.TO) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
PAYF.TO vs. VOO - Dividend Comparison
PAYF.TO's dividend yield for the trailing twelve months is around 3.51%, more than VOO's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAYF.TO Purpose Enhanced Premium Yield Fund | 3.51% | 4.41% | 8.91% | 8.02% | 7.18% | 7.27% | 4.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
PAYF.TO vs. VOO - Drawdown Comparison
The maximum PAYF.TO drawdown since its inception was -17.09%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PAYF.TO and VOO. For additional features, visit the drawdowns tool.
Volatility
PAYF.TO vs. VOO - Volatility Comparison
The current volatility for Purpose Enhanced Premium Yield Fund (PAYF.TO) is 1.99%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.01%. This indicates that PAYF.TO experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.