PDIV.TO vs. CLSA.TO

Last updated Aug 4, 2026

PDIV.TO (Purpose Enhanced Dividend Fund ETF) and CLSA.TO (Brompton Split Corp. Enhanced Equity Income ETF) are both Dividend funds. Both are actively managed. Over the past year, PDIV.TO returned 21.28% vs 88.08% for CLSA.TO. Their 0.58 correlation means they have sometimes moved together and sometimes differently. PDIV.TO charges 0.77%/yr vs 0.60%/yr for CLSA.TO.

Performance

PDIV.TO vs. CLSA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Enhanced Dividend Fund ETF (PDIV.TO) and Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDIV.TO achieves a 11.04% return, which is significantly lower than CLSA.TO's 40.42% 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%

CLSA.TO

• 1D: 0.03%
• 1M: 3.42%
• 6M: 37.13%
• YTD: 40.42%
• 1Y: 88.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 78.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF	CA$729.28K	CA$519.46K	CA$344.99K
PDIV.TO Purpose Enhanced Dividend Fund ETF	CA$121.14K	CA$151.92K	CA$204.94K

PDIV.TO vs. CLSA.TO - Yearly Performance Comparison

	2026 (YTD)	2025
PDIV.TO Purpose Enhanced Dividend Fund ETF	11.04%	12.94%
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF	40.42%	57.14%

Correlation

The correlation between PDIV.TO and CLSA.TO is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.58

The correlation between PDIV.TO and CLSA.TO has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Return for Risk

PDIV.TO vs. CLSA.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDIV.TO

PDIV.TO Risk / Return Rank: 94
PDIV.TO Sharpe Ratio Rank: 96
PDIV.TO Sortino Ratio Rank: 95
PDIV.TO Omega Ratio Rank: 96
PDIV.TO Calmar Ratio Rank: 90
PDIV.TO Martin Ratio Rank: 93

CLSA.TO

CLSA.TO Risk / Return Rank: 98
CLSA.TO Sharpe Ratio Rank: 99
CLSA.TO Sortino Ratio Rank: 98
CLSA.TO Omega Ratio Rank: 98
CLSA.TO Calmar Ratio Rank: 97
CLSA.TO Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PDIV.TO vs. CLSA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Enhanced Dividend Fund ETF (PDIV.TO) and Brompton Split Corp. Enhanced Equity Income ETF (CLSA.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	CLSA.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.99	5.64	-2.65
Sortino ratio: Return per unit of downside risk	4.10	6.31	-2.20
Omega ratio: Gain probability vs. loss probability	1.60	2.07	-0.46
Calmar ratio: Return relative to maximum drawdown	3.98	7.90	-3.92
Martin ratio: Return relative to average drawdown	17.35	34.28	-16.92

PDIV.TO vs. CLSA.TO - Sharpe Ratio Comparison

The current PDIV.TO Sharpe Ratio is 2.99, which is lower than the CLSA.TO Sharpe Ratio of 5.64. The chart below compares the historical Sharpe Ratios of PDIV.TO and CLSA.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDIV.TO vs. CLSA.TO - Drawdown Comparison

The maximum PDIV.TO drawdown since its inception was -30.64%, which is greater than CLSA.TO's maximum drawdown of -11.73%. Use the drawdown chart below to compare losses from any high point for PDIV.TO and CLSA.TO.

Drawdown Indicators

	PDIV.TO	CLSA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.64%	-11.73%	-18.91%
Max Drawdown (1Y) Largest decline over 1 year	-5.27%	-10.78%	+5.51%
Max Drawdown (3Y) Largest decline over 3 years	-8.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.64%	—	—
Current Drawdown Current decline from peak	-0.36%	-1.67%	+1.31%
Average Drawdown Average peak-to-trough decline	-4.31%	-1.25%	-3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	2.48%	-1.27%

Volatility

PDIV.TO vs. CLSA.TO - Volatility Comparison

The current volatility for Purpose Enhanced Dividend Fund ETF (PDIV.TO) is 2.04%, while Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO) has a volatility of 5.66%. This indicates that PDIV.TO experiences smaller price fluctuations and is considered to be less risky than CLSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDIV.TO	CLSA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	5.66%	-3.62%
Volatility (6M) Calculated over the trailing 6-month period	5.58%	13.42%	-7.84%
Volatility (1Y) Calculated over the trailing 1-year period	7.03%	15.12%	-8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.07%	16.47%	-6.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	16.47%	-2.63%

PDIV.TO vs. CLSA.TO - Expense Ratio Comparison

PDIV.TO has a 0.77% expense ratio, which is higher than CLSA.TO's 0.60% expense ratio.

Dividends

PDIV.TO vs. CLSA.TO - Dividend Comparison

PDIV.TO's dividend yield for the trailing twelve months is around 11.66%, more than CLSA.TO's 10.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF	10.55%	7.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both PDIV.TO and CLSA.TO in my portfolio?

PDIV.TO and CLSA.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PDIV.TO or CLSA.TO?

On fees, CLSA.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PDIV.TO or CLSA.TO?

CLSA.TO is cheaper with a 0.60% expense ratio, compared with 0.77% for PDIV.TO.

What is the main difference between PDIV.TO and CLSA.TO?

They also come from different issuers: Purpose and Brompton. Their fees differ too: 0.77% for PDIV.TO and 0.60% for CLSA.TO.