PAYF.TO vs. ZUQ.TO
Compare and contrast key facts about Purpose Enhanced Premium Yield Fund (PAYF.TO) and BMO MSCI USA High Quality Index ETF (ZUQ.TO).
PAYF.TO and ZUQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZUQ.TO is a passively managed fund by BMO that tracks the performance of the MSCI USA Quality Index. It was launched on Nov 4, 2014.
Performance
PAYF.TO vs. ZUQ.TO - Performance Comparison
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PAYF.TO vs. ZUQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PAYF.TO Purpose Enhanced Premium Yield Fund | -2.86% | 10.00% | 11.61% | 13.50% | -3.26% | 8.85% | 2.97% | 5.92% |
ZUQ.TO BMO MSCI USA High Quality Index ETF | -2.48% | 5.78% | 34.02% | 33.24% | -18.33% | 26.40% | 19.92% | 14.63% |
Returns By Period
In the year-to-date period, PAYF.TO achieves a -2.86% return, which is significantly lower than ZUQ.TO's -2.48% return.
PAYF.TO
- 1D
- 2.11%
- 1M
- -1.16%
- YTD
- -2.86%
- 6M
- -2.48%
- 1Y
- 4.51%
- 3Y*
- 8.98%
- 5Y*
- 6.73%
- 10Y*
- —
ZUQ.TO
- 1D
- 2.62%
- 1M
- -4.65%
- YTD
- -2.48%
- 6M
- -4.05%
- 1Y
- 6.41%
- 3Y*
- 18.54%
- 5Y*
- 12.98%
- 10Y*
- 14.91%
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PAYF.TO vs. ZUQ.TO - Expense Ratio Comparison
Return for Risk
PAYF.TO vs. ZUQ.TO — Risk / Return Rank
PAYF.TO
ZUQ.TO
PAYF.TO vs. ZUQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Enhanced Premium Yield Fund (PAYF.TO) and BMO MSCI USA High Quality Index ETF (ZUQ.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.
| PAYF.TO | ZUQ.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | 0.36 | +0.04 |
Sortino ratioReturn per unit of downside risk | 0.70 | 0.61 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.69 | -0.21 |
Martin ratioReturn relative to average drawdown | 2.36 | 2.07 | +0.29 |
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
| PAYF.TO | ZUQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.36 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.80 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.88 | -0.19 |
Correlation
The correlation between PAYF.TO and ZUQ.TO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PAYF.TO vs. ZUQ.TO - Dividend Comparison
PAYF.TO's dividend yield for the trailing twelve months is around 9.25%, more than ZUQ.TO's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAYF.TO Purpose Enhanced Premium Yield Fund | 9.25% | 8.78% | 8.86% | 8.94% | 8.02% | 7.17% | 7.27% | 4.05% | 0.00% | 0.00% | 0.00% | 0.00% |
ZUQ.TO BMO MSCI USA High Quality Index ETF | 0.48% | 0.46% | 0.57% | 0.86% | 0.99% | 0.80% | 0.96% | 0.96% | 1.07% | 1.16% | 1.00% | 0.88% |
Drawdowns
PAYF.TO vs. ZUQ.TO - Drawdown Comparison
The maximum PAYF.TO drawdown since its inception was -17.09%, smaller than the maximum ZUQ.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for PAYF.TO and ZUQ.TO.
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Drawdown Indicators
| PAYF.TO | ZUQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.09% | -26.94% | +9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -11.04% | +1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -11.66% | -26.94% | +15.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.94% | — |
Current DrawdownCurrent decline from peak | -3.73% | -8.17% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -4.64% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 3.73% | -1.84% |
Volatility
PAYF.TO vs. ZUQ.TO - Volatility Comparison
The current volatility for Purpose Enhanced Premium Yield Fund (PAYF.TO) is 3.63%, while BMO MSCI USA High Quality Index ETF (ZUQ.TO) has a volatility of 5.03%. This indicates that PAYF.TO experiences smaller price fluctuations and is considered to be less risky than ZUQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAYF.TO | ZUQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 5.03% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 10.29% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 17.98% | -6.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.64% | 16.40% | -6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 17.54% | -7.91% |