PAYG.TO vs. ETP.TO

Last updated Jul 18, 2026

PAYG.TO (Brompton Global Equity HighPay ETF) and ETP.TO (First Trust Global Risk Managed Income Index ETF) are both Global Equity Income funds. PAYG.TO is actively managed, while ETP.TO is passively managed. At a correlation of -0.19, they often move in opposite directions.

Performance

PAYG.TO vs. ETP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brompton Global Equity HighPay ETF (PAYG.TO) and First Trust Global Risk Managed Income Index ETF (ETP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PAYG.TO

• 1D: -0.97%
• 1M: -1.34%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETP.TO

• 1D: 0.00%
• 1M: 0.85%
• 6M: 4.64%
• YTD: 5.38%
• 1Y: 10.90%
• 3Y*: 9.87%
• 5Y*: 3.85%
• 10Y*: 3.73%

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

PAYG.TO vs. ETP.TO - Yearly Performance Comparison

	2026 (YTD)
PAYG.TO Brompton Global Equity HighPay ETF	9.52%
ETP.TO First Trust Global Risk Managed Income Index ETF	4.19%

Correlation

The correlation between PAYG.TO and ETP.TO is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	-0.19

Return for Risk

PAYG.TO vs. ETP.TO — Risk / Return Rank

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

PAYG.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ETP.TO

ETP.TO Risk / Return Rank: 93
ETP.TO Sharpe Ratio Rank: 95
ETP.TO Sortino Ratio Rank: 96
ETP.TO Omega Ratio Rank: 95
ETP.TO Calmar Ratio Rank: 89
ETP.TO Martin Ratio Rank: 92

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.

PAYG.TO vs. ETP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brompton Global Equity HighPay ETF (PAYG.TO) and First Trust Global Risk Managed Income Index ETF (ETP.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PAYG.TO	ETP.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.92	—
Sortino ratio: Return per unit of downside risk	—	4.32	—
Omega ratio: Gain probability vs. loss probability	—	1.59	—
Calmar ratio: Return relative to maximum drawdown	—	3.89	—
Martin ratio: Return relative to average drawdown	—	16.51	—

Drawdowns

PAYG.TO vs. ETP.TO - Drawdown Comparison

The maximum PAYG.TO drawdown since its inception was -7.38%, smaller than the maximum ETP.TO drawdown of -26.38%. Use the drawdown chart below to compare losses from any high point for PAYG.TO and ETP.TO.

Drawdown Indicators

	PAYG.TO	ETP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-7.38%	-26.38%	+19.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.81%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.38%	—
Current Drawdown Current decline from peak	-5.63%	0.00%	-5.63%
Average Drawdown Average peak-to-trough decline	-2.49%	-3.26%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.66%	—

Volatility

Volatility by Period

	PAYG.TO	ETP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.30%	3.74%	+17.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.30%	5.86%	+15.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.30%	7.13%	+14.17%

Dividends

PAYG.TO vs. ETP.TO - Dividend Comparison

PAYG.TO's dividend yield for the trailing twelve months is around 5.39%, more than ETP.TO's 3.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETP.TO First Trust Global Risk Managed Income Index ETF	3.61%	4.03%	3.73%	4.15%	3.25%	2.93%	3.78%	3.76%	4.33%	4.08%	3.84%	4.28%
PAYG.TO Brompton Global Equity HighPay ETF	5.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PAYG.TO and ETP.TO in my portfolio?

PAYG.TO and ETP.TO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between PAYG.TO and ETP.TO?

They also come from different issuers: Brompton and First Trust.