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PDIV.TO vs. SPDG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PDIV.TO vs. SPDG

Last updated Jun 4, 2026

PDIV.TO (Purpose Enhanced Dividend Fund ETF) and SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) are both Dividend funds. PDIV.TO is actively managed, while SPDG is passively managed. Over the past year, PDIV.TO returned 18.80% vs 30.28% for SPDG. A 0.58 correlation means they provide meaningful diversification when combined. PDIV.TO charges 0.77%/yr vs 0.05%/yr for SPDG.

Performance

PDIV.TO vs. SPDG - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Enhanced Dividend Fund ETF (PDIV.TO) and SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

PDIV.TO is traded in CAD, while SPDG is traded in USD. To make them comparable, the SPDG 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 7.12% return, which is significantly lower than SPDG's 18.18% return.

PDIV.TO

1D
-0.52%
1M
2.70%
YTD
7.12%
6M
7.91%
1Y
18.80%
3Y*
11.94%
5Y*
8.07%
10Y*
9.28%

SPDG

1D
-0.26%
1M
9.40%
YTD
18.18%
6M
15.96%
1Y
30.28%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PDIV.TO vs. SPDG - Yearly Performance Comparison

2026 (YTD)202520242023
PDIV.TO
Purpose Enhanced Dividend Fund ETF		7.12%15.82%10.71%1.98%
SPDG
SPDR Portfolio S&P Sector Neutral Dividend ETF		18.18%6.54%30.55%5.67%

Correlation

The correlation between PDIV.TO and SPDG is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.56

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2023

0.58

The correlation between PDIV.TO and SPDG has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

PDIV.TO vs. SPDG - Sectors Allocation Comparison

Sectors
PDIV.TO
SPDG

Financial Services

31.6%
12.9%

Energy

18.2%
3.3%

Technology

12.6%
35.5%

Consumer Cyclical

7.8%
9.5%

Healthcare

6.5%
9.1%

Industrials

5.9%
8.5%

Basic Materials

5.0%
1.4%

Utilities

4.5%
2.4%

Communication Services

4.0%
10.5%

Consumer Defensive

3.9%
4.7%

Real Estate

-

2.2%

Financial Services

PDIV.TO
31.6%
SPDG
12.9%

Energy

PDIV.TO
18.2%
SPDG
3.3%

Technology

PDIV.TO
12.6%
SPDG
35.5%

Consumer Cyclical

PDIV.TO
7.8%
SPDG
9.5%

Healthcare

PDIV.TO
6.5%
SPDG
9.1%

Industrials

PDIV.TO
5.9%
SPDG
8.5%

Basic Materials

PDIV.TO
5.0%
SPDG
1.4%

Utilities

PDIV.TO
4.5%
SPDG
2.4%

Communication Services

PDIV.TO
4.0%
SPDG
10.5%

Consumer Defensive

PDIV.TO
3.9%
SPDG
4.7%

Real Estate

PDIV.TO

-

SPDG
2.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Purpose Enhanced Dividend Fund ETF

SPDR Portfolio S&P Sector Neutral Dividend ETF

Often compared with PDIV.TO:
PDIV.TO vs. MNY.TOPDIV.TO vs. HDIV.TOPDIV.TO vs. VDY.TOPDIV.TO vs. BMAXPDIV.TO vs. HYLD.TOPDIV.TO vs. SPYIPDIV.TO vs. PDC.TO
Often compared with SPDG:
SPDG vs. SCHDSPDG vs. DIVBSPDG vs. SVAIXSPDG vs. SPYSPDG vs. DGROSPDG vs. SCHGSPDG vs. TLT

Return for Risk

PDIV.TO vs. SPDG — 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: 8282
Overall Rank
PDIV.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
PDIV.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
PDIV.TO Omega Ratio Rank: 8989
Omega Ratio Rank
PDIV.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
PDIV.TO Martin Ratio Rank: 8181
Martin Ratio Rank
SPDG
SPDG Risk / Return Rank: 6969
Overall Rank
SPDG Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SPDG Sortino Ratio Rank: 7575
Sortino Ratio Rank
SPDG Omega Ratio Rank: 6969
Omega Ratio Rank
SPDG Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPDG Martin Ratio Rank: 6363
Martin Ratio Rank
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. SPDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Enhanced Dividend Fund ETF (PDIV.TO) and SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG). 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.TOSPDGDifference
Sharpe ratioReturn per unit of total volatility
2.78
2.49

+0.29

Sortino ratioReturn per unit of downside risk
3.86
3.61

+0.25

Omega ratioGain probability vs. loss probability

1.56

1.45

+0.11

Calmar ratioReturn relative to maximum drawdown

3.62

4.13

-0.51

Martin ratioReturn relative to average drawdown

15.98

15.44

+0.53

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. SPDG - Sharpe Ratio Comparison

The current PDIV.TO Sharpe Ratio is 2.78, which is comparable to the SPDG Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of PDIV.TO and SPDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PDIV.TOSPDGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.78

2.49

+0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

—

—

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

1.65

-1.03

Drawdowns

PDIV.TO vs. SPDG - Drawdown Comparison

The maximum PDIV.TO drawdown since its inception was -30.64%, which is greater than SPDG's maximum drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for PDIV.TO and SPDG.

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Drawdown Indicators

PDIV.TOSPDGDifference

Max Drawdown

Largest peak-to-trough decline

-30.64%

-15.82%

-14.82%

Max Drawdown (1Y)

Largest decline over 1 year

-5.22%

-7.37%

+2.15%

Max Drawdown (3Y)

Largest decline over 3 years

-8.61%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-14.96%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-30.64%

—

—

Current Drawdown

Current decline from peak

-1.27%

-0.26%

-1.01%

Average Drawdown

Average peak-to-trough decline

-4.35%

-2.36%

-1.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.18%

1.97%

-0.79%

Volatility

PDIV.TO vs. SPDG - Volatility Comparison

The current volatility for Purpose Enhanced Dividend Fund ETF (PDIV.TO) is 2.43%, while SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a volatility of 3.64%. This indicates that PDIV.TO experiences smaller price fluctuations and is considered to be less risky than SPDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PDIV.TOSPDGDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.43%

3.64%

-1.21%

Volatility (6M)

Calculated over the trailing 6-month period

5.36%

9.54%

-4.18%

Volatility (1Y)

Calculated over the trailing 1-year period

6.79%

12.22%

-5.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.87%

13.67%

-3.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.89%

13.67%

+0.22%

PDIV.TO vs. SPDG - Expense Ratio Comparison

PDIV.TO has a 0.77% expense ratio, which is higher than SPDG's 0.05% expense ratio.

Dividends

PDIV.TO vs. SPDG - Dividend Comparison

PDIV.TO's dividend yield for the trailing twelve months is around 11.85%, more than SPDG's 2.59% yield.

PositionTTM20252024202320222021202020192018201720162015
PDIV.TO
Purpose Enhanced Dividend Fund ETF		11.85%12.24%12.35%11.84%6.38%5.59%6.33%5.85%6.80%25.71%5.38%8.10%
SPDG
SPDR Portfolio S&P Sector Neutral Dividend ETF		2.59%2.87%2.61%0.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PDIV.TO and SPDG have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPDG is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPDG is cheaper with a 0.05% expense ratio, compared with 0.77% for PDIV.TO.

They also come from different issuers: Purpose Investments and State Street. Their fees differ too: 0.77% for PDIV.TO and 0.05% for SPDG.

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