PDIV.TO vs. PSU-U.TO

Last updated Jun 5, 2026

PDIV.TO (Purpose Enhanced Dividend Fund ETF) and PSU-U.TO (Purpose US Cash Fund) are both exchange-traded funds - PDIV.TO is a Dividend fund actively managed by Purpose Investments, while PSU-U.TO is a Money Market fund actively managed by Purpose Investments. Both are actively managed. Over the past 5 years, PDIV.TO returned 8.21%/yr vs 5.62%/yr for PSU-U.TO. At a correlation of -0.21, they often move in opposite directions. PDIV.TO charges 0.77%/yr vs 0.17%/yr for PSU-U.TO.

Performance

PDIV.TO vs. PSU-U.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 Purpose US Cash Fund (PSU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PDIV.TO is traded in CAD, while PSU-U.TO is traded in USD. To make them comparable, the PSU-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PDIV.TO achieves a 7.79% return, which is significantly higher than PSU-U.TO's 2.45% return.

PDIV.TO

• 1D: 0.62%
• 1M: 3.01%
• YTD: 7.79%
• 6M: 8.18%
• 1Y: 19.54%
• 3Y*: 12.10%
• 5Y*: 8.21%
• 10Y*: 9.31%

PSU-U.TO

• 1D: 0.11%
• 1M: 2.35%
• YTD: 2.45%
• 6M: 0.86%
• 1Y: 4.47%
• 3Y*: 4.54%
• 5Y*: 5.62%
• 10Y*: —

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

PDIV.TO vs. PSU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PDIV.TO Purpose Enhanced Dividend Fund ETF	7.79%	15.82%	10.71%	4.64%	-4.40%	20.18%	-1.15%	23.57%	-8.79%
PSU-U.TO Purpose US Cash Fund	2.45%	-1.75%	12.58%	1.64%	8.73%	-0.62%	-1.27%	-3.31%	7.52%

Correlation

The correlation between PDIV.TO and PSU-U.TO is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.24
Correlation (3Y) Calculated over the trailing 3-year period	-0.27
Correlation (5Y) Calculated over the trailing 5-year period	-0.27
Correlation (All Time) Calculated using the full available price history since Mar 1, 2018	-0.21

Return for Risk

PDIV.TO vs. PSU-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PDIV.TO

PDIV.TO Risk / Return Rank: 85
PDIV.TO Sharpe Ratio Rank: 87
PDIV.TO Sortino Ratio Rank: 89
PDIV.TO Omega Ratio Rank: 91
PDIV.TO Calmar Ratio Rank: 76
PDIV.TO Martin Ratio Rank: 83

PSU-U.TO

PSU-U.TO Risk / Return Rank: 99
PSU-U.TO Sharpe Ratio Rank: 99
PSU-U.TO Sortino Ratio Rank: 99
PSU-U.TO Omega Ratio Rank: 99
PSU-U.TO Calmar Ratio Rank: 99
PSU-U.TO Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDIV.TO vs. PSU-U.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 US Cash Fund (PSU-U.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.

	PDIV.TO	PSU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.88	0.98	+1.90
Sortino ratio: Return per unit of downside risk	4.00	1.37	+2.63
Omega ratio: Gain probability vs. loss probability	1.58	1.18	+0.41
Calmar ratio: Return relative to maximum drawdown	3.76	1.10	+2.66
Martin ratio: Return relative to average drawdown	16.60	2.85	+13.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDIV.TO vs. PSU-U.TO - Sharpe Ratio Comparison

The current PDIV.TO Sharpe Ratio is 2.88, which is higher than the PSU-U.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of PDIV.TO and PSU-U.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.

Sharpe Ratios by Period

	PDIV.TO	PSU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	0.98	+1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.89	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.46	+0.16

Drawdowns

PDIV.TO vs. PSU-U.TO - Drawdown Comparison

The maximum PDIV.TO drawdown since its inception was -30.64%, which is greater than PSU-U.TO's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for PDIV.TO and PSU-U.TO.

Drawdown Indicators

	PDIV.TO	PSU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.64%	-16.93%	-13.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.22%	-4.07%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-8.61%	-5.47%	-3.14%
Max Drawdown (5Y) Largest decline over 5 years	-14.96%	-5.47%	-9.49%
Max Drawdown (10Y) Largest decline over 10 years	-30.64%	—	—
Current Drawdown Current decline from peak	-0.65%	-0.59%	-0.06%
Average Drawdown Average peak-to-trough decline	-4.35%	-4.86%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	1.57%	-0.39%

Volatility

PDIV.TO vs. PSU-U.TO - Volatility Comparison

Purpose Enhanced Dividend Fund ETF (PDIV.TO) has a higher volatility of 2.47% compared to Purpose US Cash Fund (PSU-U.TO) at 0.80%. This indicates that PDIV.TO's price experiences larger fluctuations and is considered to be riskier than PSU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDIV.TO	PSU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	0.80%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	5.39%	3.43%	+1.96%
Volatility (1Y) Calculated over the trailing 1-year period	6.82%	4.58%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.87%	6.32%	+3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.89%	6.56%	+7.33%

PDIV.TO vs. PSU-U.TO - Expense Ratio Comparison

PDIV.TO has a 0.77% expense ratio, which is higher than PSU-U.TO's 0.17% expense ratio.

Dividends

PDIV.TO vs. PSU-U.TO - Dividend Comparison

PDIV.TO's dividend yield for the trailing twelve months is around 11.78%, more than PSU-U.TO's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDIV.TO Purpose Enhanced Dividend Fund ETF	11.78%	12.24%	12.35%	11.84%	6.38%	5.59%	6.33%	5.85%	6.80%	25.71%	5.38%	8.10%
PSU-U.TO Purpose US Cash Fund	2.70%	2.90%	3.65%	3.87%	1.45%	0.29%	0.41%	1.70%	1.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PDIV.TO and PSU-U.TO in my portfolio?

PDIV.TO and PSU-U.TO have a correlation of -0.24, 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 PSU-U.TO?

On fees, PSU-U.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PDIV.TO or PSU-U.TO?

PSU-U.TO is cheaper with a 0.17% expense ratio, compared with 0.77% for PDIV.TO.

What is the main difference between PDIV.TO and PSU-U.TO?

PDIV.TO is categorized as Dividend, while PSU-U.TO is Money Market. Their fees differ too: 0.77% for PDIV.TO and 0.17% for PSU-U.TO.