PDF.TO vs. BND.TO
PDF.TO (Purpose Core Dividend Fund) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - PDF.TO is a Dividend fund actively managed by Purpose Investments Inc., while BND.TO is a Global Bonds fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 10 years, PDF.TO returned 9.50%/yr vs 2.74%/yr for BND.TO. At a 0.17 correlation, their price movements are largely independent. PDF.TO charges 0.66%/yr vs 0.45%/yr for BND.TO.
Performance
PDF.TO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PDF.TO achieves a 20.07% return, which is significantly higher than BND.TO's 0.04% return. Over the past 10 years, PDF.TO has outperformed BND.TO with an annualized return of 9.50%, while BND.TO has yielded a comparatively lower 2.74% annualized return.
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%
BND.TO
- 1D
- 0.06%
- 1M
- -1.48%
- 6M
- -0.46%
- YTD
- 0.04%
- 1Y
- 3.42%
- 3Y*
- 6.60%
- 5Y*
- 2.85%
- 10Y*
- 2.74%
- ALL TIME*
- 2.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BND.TO Purpose Global Bond Fund | CA$1.16M | CA$839.27K | CA$802.49K |
| CA$201.50K | CA$240.90K | CA$226.04K |
PDF.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BND.TO Purpose Global Bond Fund | 0.04% | 7.26% | 7.49% | 8.45% | -7.80% | 2.62% | 6.14% | 4.16% | -0.91% | 1.72% |
Correlation
The correlation between PDF.TO and BND.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015 | 0.17 |
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Return for Risk
PDF.TO vs. BND.TO — Risk / Return Rank
PDF.TO
BND.TO
PDF.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Core Dividend Fund (PDF.TO) and Purpose Global Bond Fund (BND.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.
| PDF.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +4.30 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.20 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 1.20 | +4.07 |
| Martin ratioReturn relative to average drawdown | 23.86 | 4.70 | +19.16 |
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Drawdowns
PDF.TO vs. BND.TO - Drawdown Comparison
The maximum PDF.TO drawdown since its inception was -36.00%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for PDF.TO and BND.TO.
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Drawdown Indicators
| PDF.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.00% | -16.55% | -19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -2.87% | -3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -9.28% | -4.46% | -4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -12.43% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -36.00% | -16.55% | -19.45% |
Current DrawdownCurrent decline from peak | -0.51% | -1.74% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -2.09% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 0.73% | +0.67% |
Volatility
PDF.TO vs. BND.TO - Volatility Comparison
Purpose Core Dividend Fund (PDF.TO) has a higher volatility of 2.48% compared to Purpose Global Bond Fund (BND.TO) at 0.98%. This indicates that PDF.TO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDF.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 0.98% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 2.81% | +4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.38% | 3.22% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 5.11% | +5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.58% | 5.16% | +8.42% |
PDF.TO vs. BND.TO - Expense Ratio Comparison
PDF.TO has a 0.66% expense ratio, which is higher than BND.TO's 0.45% expense ratio.
Dividends
PDF.TO vs. BND.TO - Dividend Comparison
PDF.TO's dividend yield for the trailing twelve months is around 2.79%, less than BND.TO's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.94% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
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
PDF.TO and BND.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BND.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND.TO is cheaper with a 0.45% expense ratio, compared with 0.66% for PDF.TO.
PDF.TO is categorized as Dividend, while BND.TO is Global Bonds. Their fees differ too: 0.66% for PDF.TO and 0.45% for BND.TO.
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