PBI.TO vs. PDF.TO
PBI.TO (Purpose Best Ideas Fund) and PDF.TO (Purpose Core Dividend Fund) are both exchange-traded funds - PBI.TO is a Large Cap Blend Equities 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, PBI.TO returned 10.19%/yr vs 9.50%/yr for PDF.TO. At a 0.26 correlation, their price movements are largely independent. PBI.TO charges 0.82%/yr vs 0.66%/yr for PDF.TO.
Performance
PBI.TO vs. PDF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PBI.TO achieves a 3.12% return, which is significantly lower than PDF.TO's 20.07% return. Over the past 10 years, PBI.TO has outperformed PDF.TO with an annualized return of 10.19%, while PDF.TO has yielded a comparatively lower 9.50% annualized return.
PBI.TO
- 1D
- -0.32%
- 1M
- 1.32%
- 6M
- 2.84%
- YTD
- 3.12%
- 1Y
- 8.74%
- 3Y*
- 18.28%
- 5Y*
- 4.37%
- 10Y*
- 10.19%
- ALL TIME*
- 8.93%
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) |
|---|---|---|---|
PBI.TO Purpose Best Ideas Fund | CA$35.55K | CA$37.47K | CA$25.30K |
| CA$201.50K | CA$240.90K | CA$226.04K |
PBI.TO vs. PDF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBI.TO Purpose Best Ideas Fund | 3.12% | 19.19% | 23.26% | 37.57% | -39.67% | 10.70% | 23.07% | 35.93% | -11.92% | 22.62% |
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 PBI.TO and PDF.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2014 | 0.26 |
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Return for Risk
PBI.TO vs. PDF.TO — Risk / Return Rank
PBI.TO
PDF.TO
PBI.TO vs. PDF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Best Ideas Fund (PBI.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.
| PBI.TO | PDF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.44 | ||
| Sortino ratioReturn per unit of downside risk | -4.95 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.74 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 5.26 | -4.72 |
| Martin ratioReturn relative to average drawdown | 1.76 | 23.86 | -22.10 |
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Drawdowns
PBI.TO vs. PDF.TO - Drawdown Comparison
The maximum PBI.TO drawdown since its inception was -47.87%, which is greater than PDF.TO's maximum drawdown of -36.00%. Use the drawdown chart below to compare losses from any high point for PBI.TO and PDF.TO.
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Drawdown Indicators
| PBI.TO | PDF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -36.00% | -11.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -6.35% | -9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -20.01% | -9.28% | -10.73% |
Max Drawdown (5Y)Largest decline over 5 years | -47.87% | -15.81% | -32.06% |
Max Drawdown (10Y)Largest decline over 10 years | -47.87% | -36.00% | -11.87% |
Current DrawdownCurrent decline from peak | -4.05% | -0.51% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -10.08% | -3.45% | -6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 1.40% | +3.57% |
Volatility
PBI.TO vs. PDF.TO - Volatility Comparison
Purpose Best Ideas Fund (PBI.TO) has a higher volatility of 4.30% compared to Purpose Core Dividend Fund (PDF.TO) at 2.48%. This indicates that PBI.TO's price experiences larger fluctuations and is considered to be riskier 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
| PBI.TO | PDF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 2.48% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 6.86% | +6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 8.38% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 10.33% | +11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.00% | 13.58% | +8.42% |
PBI.TO vs. PDF.TO - Expense Ratio Comparison
PBI.TO has a 0.82% expense ratio, which is higher than PDF.TO's 0.66% expense ratio.
Dividends
PBI.TO vs. PDF.TO - Dividend Comparison
PBI.TO has not paid dividends to shareholders, while PDF.TO's dividend yield for the trailing twelve months is around 2.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBI.TO Purpose Best Ideas Fund | 0.00% | 3.02% | 0.00% | 0.00% | 2.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
PBI.TO and PDF.TO have a correlation of 0.22, 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 0.82% for PBI.TO.
PBI.TO is categorized as Large Cap Blend Equities, while PDF.TO is Dividend. Their fees differ too: 0.82% for PBI.TO and 0.66% for PDF.TO.
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