PBI.TO vs. XHD.TO
PBI.TO (Purpose Best Ideas Fund) and XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) are both Large Cap Blend Equities funds. PBI.TO is actively managed, while XHD.TO is passively managed. Over the past 10 years, PBI.TO returned 10.19%/yr vs 5.88%/yr for XHD.TO. At a 0.19 correlation, their price movements are largely independent. PBI.TO charges 0.82%/yr vs 0.33%/yr for XHD.TO.
Performance
PBI.TO vs. XHD.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 XHD.TO's 18.11% return. Over the past 10 years, PBI.TO has outperformed XHD.TO with an annualized return of 10.19%, while XHD.TO has yielded a comparatively lower 5.88% 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%
XHD.TO
- 1D
- 1.03%
- 1M
- 4.69%
- 6M
- 12.01%
- YTD
- 18.11%
- 1Y
- 8.62%
- 3Y*
- 8.04%
- 5Y*
- 7.06%
- 10Y*
- 5.88%
- ALL TIME*
- 7.62%
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$120.15K | CA$119.26K | CA$172.72K |
PBI.TO vs. XHD.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% |
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | 18.11% | -1.36% | 9.56% | 0.00% | 4.27% | 17.97% | -9.44% | 18.01% | -5.54% | 11.80% |
Correlation
The correlation between PBI.TO and XHD.TO is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2014 | 0.19 |
The correlation between PBI.TO and XHD.TO shifts across timeframes, from -0.08 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PBI.TO vs. XHD.TO — Risk / Return Rank
PBI.TO
XHD.TO
PBI.TO vs. XHD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Best Ideas Fund (PBI.TO) and iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.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 | XHD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 0.77 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.76 | 2.67 | -0.91 |
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Drawdowns
PBI.TO vs. XHD.TO - Drawdown Comparison
The maximum PBI.TO drawdown since its inception was -47.87%, which is greater than XHD.TO's maximum drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for PBI.TO and XHD.TO.
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Drawdown Indicators
| PBI.TO | XHD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -38.71% | -9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -11.29% | -4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -20.01% | -12.74% | -7.27% |
Max Drawdown (5Y)Largest decline over 5 years | -47.87% | -16.37% | -31.50% |
Max Drawdown (10Y)Largest decline over 10 years | -47.87% | -38.71% | -9.16% |
Current DrawdownCurrent decline from peak | -4.05% | 0.00% | -4.05% |
Average DrawdownAverage peak-to-trough decline | -10.08% | -3.93% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 3.23% | +1.74% |
Volatility
PBI.TO vs. XHD.TO - Volatility Comparison
The current volatility for Purpose Best Ideas Fund (PBI.TO) is 4.30%, while iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) has a volatility of 4.77%. This indicates that PBI.TO experiences smaller price fluctuations and is considered to be less risky than XHD.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 | XHD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 4.77% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 8.63% | +4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 16.41% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 14.67% | +7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.00% | 16.42% | +5.58% |
PBI.TO vs. XHD.TO - Expense Ratio Comparison
PBI.TO has a 0.82% expense ratio, which is higher than XHD.TO's 0.33% expense ratio.
Dividends
PBI.TO vs. XHD.TO - Dividend Comparison
PBI.TO has not paid dividends to shareholders, while XHD.TO's dividend yield for the trailing twelve months is around 2.32%.
| 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% |
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | 2.32% | 2.74% | 3.06% | 3.16% | 2.75% | 2.87% | 3.51% | 2.51% | 2.87% | 2.41% | 2.54% | 3.07% |
Frequently Asked Questions
PBI.TO and XHD.TO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHD.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHD.TO is cheaper with a 0.33% expense ratio, compared with 0.82% for PBI.TO.
They also come from different issuers: Purpose Investments Inc. and iShares. Their fees differ too: 0.82% for PBI.TO and 0.33% for XHD.TO.
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