PDF.TO vs. SYLD.TO
PDF.TO (Purpose Core Dividend Fund) and SYLD.TO (Purpose Strategic Yield Fund) are both exchange-traded funds - PDF.TO is a Dividend fund actively managed by Purpose Investments Inc., while SYLD.TO is a High Yield Bonds fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 5 years, PDF.TO returned 12.14%/yr vs 4.88%/yr for SYLD.TO. At a 0.17 correlation, their price movements are largely independent. PDF.TO charges 0.66%/yr vs 0.95%/yr for SYLD.TO.
Performance
PDF.TO vs. SYLD.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 SYLD.TO's 3.38% 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%
SYLD.TO
- 1D
- -0.10%
- 1M
- 0.03%
- 6M
- 2.66%
- YTD
- 3.38%
- 1Y
- 9.54%
- 3Y*
- 10.24%
- 5Y*
- 4.88%
- 10Y*
- —
- ALL TIME*
- 6.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$201.50K | CA$240.90K | CA$226.04K | |
SYLD.TO Purpose Strategic Yield Fund | CA$51.46K | CA$69.71K | CA$109.09K |
PDF.TO vs. SYLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PDF.TO Purpose Core Dividend Fund | 20.07% | 20.44% | 13.61% | 4.13% | -1.74% | 24.35% | -0.79% | 23.25% | -4.18% |
SYLD.TO Purpose Strategic Yield Fund | 3.38% | 10.15% | 13.23% | 6.84% | -8.64% | 12.53% | 10.72% | 8.65% | -3.02% |
Correlation
The correlation between PDF.TO and SYLD.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.17 |
The correlation between PDF.TO and SYLD.TO shifts across timeframes, from 0.17 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PDF.TO vs. SYLD.TO — Risk / Return Rank
PDF.TO
SYLD.TO
PDF.TO vs. SYLD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Core Dividend Fund (PDF.TO) and Purpose Strategic Yield Fund (SYLD.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 | SYLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.60 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 6.91 | -1.65 |
| Martin ratioReturn relative to average drawdown | 23.86 | 27.25 | -3.39 |
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Drawdowns
PDF.TO vs. SYLD.TO - Drawdown Comparison
The maximum PDF.TO drawdown since its inception was -36.00%, which is greater than SYLD.TO's maximum drawdown of -32.17%. Use the drawdown chart below to compare losses from any high point for PDF.TO and SYLD.TO.
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Drawdown Indicators
| PDF.TO | SYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.00% | -32.17% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -1.39% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -9.28% | -3.40% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -9.48% | -6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -36.00% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.25% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -2.56% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 0.35% | +1.05% |
Volatility
PDF.TO vs. SYLD.TO - Volatility Comparison
Purpose Core Dividend Fund (PDF.TO) has a higher volatility of 2.48% compared to Purpose Strategic Yield Fund (SYLD.TO) at 0.61%. This indicates that PDF.TO's price experiences larger fluctuations and is considered to be riskier than SYLD.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 | SYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 0.61% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 1.98% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.38% | 3.43% | +4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 4.49% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.58% | 10.06% | +3.52% |
PDF.TO vs. SYLD.TO - Expense Ratio Comparison
PDF.TO has a 0.66% expense ratio, which is lower than SYLD.TO's 0.95% expense ratio.
Dividends
PDF.TO vs. SYLD.TO - Dividend Comparison
PDF.TO's dividend yield for the trailing twelve months is around 2.79%, less than SYLD.TO's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SYLD.TO Purpose Strategic Yield Fund | 5.82% | 5.85% | 6.07% | 6.45% | 6.46% | 5.56% | 5.91% | 6.13% | 4.70% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDF.TO and SYLD.TO have a correlation of 0.30, 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 0.95% for SYLD.TO.
PDF.TO is categorized as Dividend, while SYLD.TO is High Yield Bonds. Their fees differ too: 0.66% for PDF.TO and 0.95% for SYLD.TO.
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