PDIV.TO vs. BND.TO
PDIV.TO (Purpose Enhanced Dividend Fund ETF) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - PDIV.TO is a Dividend fund actively managed by Purpose, while BND.TO is a Global Bonds fund actively managed by Purpose. Both are actively managed. Over the past 10 years, PDIV.TO returned 9.12%/yr vs 2.78%/yr for BND.TO. Their 0.13 correlation means their historical movements had little consistent relationship. PDIV.TO charges 0.77%/yr vs 0.45%/yr for BND.TO.
Performance
PDIV.TO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PDIV.TO achieves a 11.04% return, which is significantly higher than BND.TO's 0.22% return. Over the past 10 years, PDIV.TO has outperformed BND.TO with an annualized return of 9.12%, while BND.TO has yielded a comparatively lower 2.78% annualized return.
PDIV.TO
- 1D
- 0.00%
- 1M
- 1.59%
- 6M
- 9.14%
- YTD
- 11.04%
- 1Y
- 21.28%
- 3Y*
- 12.15%
- 5Y*
- 8.19%
- 10Y*
- 9.12%
- ALL TIME*
- 9.26%
BND.TO
- 1D
- -0.11%
- 1M
- -1.51%
- 6M
- -0.09%
- YTD
- 0.22%
- 1Y
- 3.10%
- 3Y*
- 6.74%
- 5Y*
- 2.90%
- 10Y*
- 2.78%
- ALL TIME*
- 2.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BND.TO Purpose Global Bond Fund | CA$509.73K | CA$810.65K | CA$795.74K |
| CA$121.14K | CA$151.92K | CA$204.94K |
PDIV.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDIV.TO Purpose Enhanced Dividend Fund ETF | 11.04% | 14.66% | 10.71% | 4.64% | -4.39% | 20.18% | -1.15% | 23.57% | -15.24% | 26.84% |
BND.TO Purpose Global Bond Fund | 0.22% | 7.26% | 7.49% | 8.45% | -7.80% | 2.62% | 6.14% | 4.16% | -0.91% | 1.72% |
Correlation
The correlation between PDIV.TO and BND.TO is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015 | 0.13 |
The correlation between PDIV.TO and BND.TO shifts across timeframes, from 0.13 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PDIV.TO vs. BND.TO — Risk / Return Rank
PDIV.TO
BND.TO
PDIV.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Enhanced Dividend Fund ETF (PDIV.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.
| PDIV.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.18 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 1.11 | +2.87 |
| Martin ratioReturn relative to average drawdown | 17.35 | 4.16 | +13.19 |
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Drawdowns
PDIV.TO vs. BND.TO - Drawdown Comparison
The maximum PDIV.TO drawdown since its inception was -30.64%, 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 PDIV.TO and BND.TO.
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Drawdown Indicators
| PDIV.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.64% | -16.55% | -14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -2.87% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -8.82% | -4.33% | -4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -15.93% | -12.43% | -3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -30.64% | -16.55% | -14.09% |
Current DrawdownCurrent decline from peak | -0.36% | -1.56% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -2.09% | -2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.76% | +0.45% |
Volatility
PDIV.TO vs. BND.TO - Volatility Comparison
Purpose Enhanced Dividend Fund ETF (PDIV.TO) has a higher volatility of 2.04% compared to Purpose Global Bond Fund (BND.TO) at 1.04%. This indicates that PDIV.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
| PDIV.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 1.04% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.58% | 2.81% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.03% | 3.23% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.07% | 5.11% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 5.15% | +8.69% |
PDIV.TO vs. BND.TO - Expense Ratio Comparison
PDIV.TO has a 0.77% expense ratio, which is higher than BND.TO's 0.45% expense ratio.
Dividends
PDIV.TO vs. BND.TO - Dividend Comparison
PDIV.TO's dividend yield for the trailing twelve months is around 11.66%, more than BND.TO's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.93% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
PDIV.TO Purpose Enhanced Dividend Fund ETF | 11.66% | 11.23% | 12.35% | 11.84% | 6.38% | 5.59% | 6.33% | 5.85% | 6.80% | 25.71% | 5.38% | 8.10% |
Frequently Asked Questions
PDIV.TO and BND.TO have a correlation of 0.27, 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 0.77% for PDIV.TO.
PDIV.TO is categorized as Dividend, while BND.TO is Global Bonds. Their fees differ too: 0.77% for PDIV.TO and 0.45% for BND.TO.
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