PBI.TO vs. TPU.TO
PBI.TO (Purpose Best Ideas Fund) and TPU.TO (TD U.S. Equity Index ETF) are both Large Cap Blend Equities funds. PBI.TO is actively managed, while TPU.TO is passively managed. Over the past 10 years, PBI.TO returned 10.19%/yr vs 15.50%/yr for TPU.TO. At a 0.29 correlation, their price movements are largely independent. PBI.TO charges 0.82%/yr vs 0.06%/yr for TPU.TO.
Performance
PBI.TO vs. TPU.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 TPU.TO's 11.81% return. Over the past 10 years, PBI.TO has underperformed TPU.TO with an annualized return of 10.19%, while TPU.TO has yielded a comparatively higher 15.50% 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%
TPU.TO
- 1D
- 0.10%
- 1M
- -0.21%
- 6M
- 10.88%
- YTD
- 11.81%
- 1Y
- 21.40%
- 3Y*
- 21.98%
- 5Y*
- 14.49%
- 10Y*
- 15.50%
- ALL TIME*
- 15.74%
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 |
TPU.TO TD U.S. Equity Index ETF | CA$4.10M | CA$3.36M | CA$3.69M |
PBI.TO vs. TPU.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% |
TPU.TO TD U.S. Equity Index ETF | 11.81% | 12.69% | 35.78% | 24.25% | -14.31% | 26.02% | 18.73% | 25.02% | 3.03% | 13.31% |
Correlation
The correlation between PBI.TO and TPU.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2016 | 0.29 |
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Return for Risk
PBI.TO vs. TPU.TO — Risk / Return Rank
PBI.TO
TPU.TO
PBI.TO vs. TPU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Best Ideas Fund (PBI.TO) and TD U.S. Equity Index ETF (TPU.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 | TPU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.31 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 2.48 | -1.93 |
| Martin ratioReturn relative to average drawdown | 1.76 | 8.97 | -7.21 |
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Drawdowns
PBI.TO vs. TPU.TO - Drawdown Comparison
The maximum PBI.TO drawdown since its inception was -47.87%, which is greater than TPU.TO's maximum drawdown of -27.96%. Use the drawdown chart below to compare losses from any high point for PBI.TO and TPU.TO.
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Drawdown Indicators
| PBI.TO | TPU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -27.96% | -19.91% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -8.68% | -7.50% |
Max Drawdown (3Y)Largest decline over 3 years | -20.01% | -19.30% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -47.87% | -23.73% | -24.14% |
Max Drawdown (10Y)Largest decline over 10 years | -47.87% | -27.96% | -19.91% |
Current DrawdownCurrent decline from peak | -4.05% | -2.71% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -10.08% | -3.93% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 2.39% | +2.58% |
Volatility
PBI.TO vs. TPU.TO - Volatility Comparison
Purpose Best Ideas Fund (PBI.TO) has a higher volatility of 4.30% compared to TD U.S. Equity Index ETF (TPU.TO) at 3.27%. This indicates that PBI.TO's price experiences larger fluctuations and is considered to be riskier than TPU.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 | TPU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 3.27% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 9.68% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 12.61% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 15.47% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.00% | 16.76% | +5.24% |
PBI.TO vs. TPU.TO - Expense Ratio Comparison
PBI.TO has a 0.82% expense ratio, which is higher than TPU.TO's 0.06% expense ratio.
Dividends
PBI.TO vs. TPU.TO - Dividend Comparison
PBI.TO has not paid dividends to shareholders, while TPU.TO's dividend yield for the trailing twelve months is around 0.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TPU.TO TD U.S. Equity Index ETF | 0.84% | 0.96% | 0.90% | 1.23% | 1.34% | 0.99% | 1.23% | 1.23% | 1.57% | 1.59% | 1.33% |
Frequently Asked Questions
PBI.TO and TPU.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPU.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPU.TO is cheaper with a 0.06% expense ratio, compared with 0.82% for PBI.TO.
They also come from different issuers: Purpose Investments Inc. and TD. Their fees differ too: 0.82% for PBI.TO and 0.06% for TPU.TO.
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