PBD.TO vs. PDF.TO
PBD.TO (Purpose Total Return Bond Fund) and PDF.TO (Purpose Core Dividend Fund) are both exchange-traded funds - PBD.TO is a Multisector Bonds fund actively managed by Purpose Investments Inc., while PDF.TO is a Dividend fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 10 years, PBD.TO returned 2.02%/yr vs 9.50%/yr for PDF.TO. At a 0.24 correlation, their price movements are largely independent. PBD.TO charges 0.88%/yr vs 0.66%/yr for PDF.TO.
Performance
PBD.TO vs. PDF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PBD.TO achieves a 0.08% return, which is significantly lower than PDF.TO's 20.07% return. Over the past 10 years, PBD.TO has underperformed PDF.TO with an annualized return of 2.02%, while PDF.TO has yielded a comparatively higher 9.50% annualized return.
PBD.TO
- 1D
- -0.43%
- 1M
- -0.98%
- 6M
- -0.28%
- YTD
- 0.08%
- 1Y
- 1.56%
- 3Y*
- 4.57%
- 5Y*
- 1.51%
- 10Y*
- 2.02%
- ALL TIME*
- 2.30%
PDF.TO
- 1D
- 0.62%
- 1M
- 2.88%
- 6M
- 16.53%
- YTD
- 20.07%
- 1Y
- 33.26%
- 3Y*
- 18.64%
- 5Y*
- 12.14%
- 10Y*
- 9.50%
- ALL TIME*
- 10.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$31.97K | CA$21.56K | CA$18.22K | |
| CA$201.50K | CA$240.90K | CA$226.04K |
PBD.TO vs. PDF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBD.TO Purpose Total Return Bond Fund | 0.08% | 4.22% | 4.89% | 4.80% | -6.19% | 0.05% | 6.85% | 6.23% | -3.51% | 2.15% |
PDF.TO Purpose Core Dividend Fund | 20.07% | 20.44% | 13.61% | 4.13% | -1.74% | 24.35% | -0.79% | 23.25% | -11.14% | 7.37% |
Correlation
The correlation between PBD.TO and PDF.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2013 | 0.24 |
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Return for Risk
PBD.TO vs. PDF.TO — Risk / Return Rank
PBD.TO
PDF.TO
PBD.TO vs. PDF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Total Return Bond Fund (PBD.TO) and Purpose Core Dividend Fund (PDF.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.
| PBD.TO | PDF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.58 | ||
| Sortino ratioReturn per unit of downside risk | -5.20 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.74 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 5.26 | -4.55 |
| Martin ratioReturn relative to average drawdown | 2.55 | 23.86 | -21.31 |
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Drawdowns
PBD.TO vs. PDF.TO - Drawdown Comparison
The maximum PBD.TO drawdown since its inception was -17.68%, smaller than the maximum PDF.TO drawdown of -36.00%. Use the drawdown chart below to compare losses from any high point for PBD.TO and PDF.TO.
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Drawdown Indicators
| PBD.TO | PDF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -36.00% | +18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.19% | -6.35% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.41% | -9.28% | +5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -10.12% | -15.81% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -17.68% | -36.00% | +18.32% |
Current DrawdownCurrent decline from peak | -1.40% | -0.51% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -3.45% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.40% | -0.79% |
Volatility
PBD.TO vs. PDF.TO - Volatility Comparison
The current volatility for Purpose Total Return Bond Fund (PBD.TO) is 1.25%, while Purpose Core Dividend Fund (PDF.TO) has a volatility of 2.48%. This indicates that PBD.TO experiences smaller price fluctuations and is considered to be less risky than PDF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBD.TO | PDF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 2.48% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 6.86% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 8.38% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 10.33% | -5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 13.58% | -6.79% |
PBD.TO vs. PDF.TO - Expense Ratio Comparison
PBD.TO has a 0.88% expense ratio, which is higher than PDF.TO's 0.66% expense ratio.
Dividends
PBD.TO vs. PDF.TO - Dividend Comparison
PBD.TO's dividend yield for the trailing twelve months is around 4.36%, more than PDF.TO's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBD.TO Purpose Total Return Bond Fund | 4.36% | 4.28% | 4.27% | 4.25% | 3.80% | 3.43% | 3.32% | 3.68% | 3.85% | 4.50% | 3.68% | 3.81% |
PDF.TO Purpose Core Dividend Fund | 2.79% | 3.49% | 3.82% | 4.17% | 3.77% | 3.19% | 3.84% | 3.65% | 4.33% | 3.50% | 3.38% | 3.40% |
Frequently Asked Questions
PBD.TO and PDF.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PDF.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PDF.TO is cheaper with a 0.66% expense ratio, compared with 0.88% for PBD.TO.
PBD.TO is categorized as Multisector Bonds, while PDF.TO is Dividend. Their fees differ too: 0.88% for PBD.TO and 0.66% for PDF.TO.
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