PDIV.TO vs. SPYI
Compare and contrast key facts about Purpose Enhanced Dividend Fund ETF (PDIV.TO) and NEOS S&P 500 High Income ETF (SPYI).
PDIV.TO and SPYI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PDIV.TO is an actively managed fund by Purpose Investments. It was launched on Jan 2, 2018. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.
Performance
PDIV.TO vs. SPYI - Performance Comparison
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PDIV.TO vs. SPYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PDIV.TO Purpose Enhanced Dividend Fund ETF | 1.14% | 15.82% | 10.71% | 4.64% | -1.56% |
SPYI NEOS S&P 500 High Income ETF | -1.82% | 11.32% | 29.26% | 15.49% | 0.90% |
Different Trading Currencies
PDIV.TO is traded in CAD, while SPYI is traded in USD. To make them comparable, the SPYI 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 1.14% return, which is significantly higher than SPYI's -1.82% return.
PDIV.TO
- 1D
- 1.48%
- 1M
- -3.00%
- YTD
- 1.14%
- 6M
- 5.00%
- 1Y
- 13.80%
- 3Y*
- 9.78%
- 5Y*
- 7.84%
- 10Y*
- 8.91%
SPYI
- 1D
- 2.79%
- 1M
- -2.38%
- YTD
- -1.82%
- 6M
- 0.17%
- 1Y
- 12.48%
- 3Y*
- 15.34%
- 5Y*
- —
- 10Y*
- —
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PDIV.TO vs. SPYI - Expense Ratio Comparison
PDIV.TO has a 0.77% expense ratio, which is higher than SPYI's 0.68% expense ratio.
Return for Risk
PDIV.TO vs. SPYI — Risk / Return Rank
PDIV.TO
SPYI
PDIV.TO vs. SPYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Enhanced Dividend Fund ETF (PDIV.TO) and NEOS S&P 500 High Income ETF (SPYI). 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 | SPYI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 0.78 | +0.67 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.15 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.23 | +0.51 |
Martin ratioReturn relative to average drawdown | 8.94 | 5.09 | +3.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDIV.TO | SPYI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.78 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.23 | -0.64 |
Correlation
The correlation between PDIV.TO and SPYI is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PDIV.TO vs. SPYI - Dividend Comparison
PDIV.TO's dividend yield for the trailing twelve months is around 12.30%, less than SPYI's 12.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDIV.TO Purpose Enhanced Dividend Fund ETF | 12.30% | 12.24% | 12.35% | 11.84% | 6.38% | 5.59% | 6.33% | 5.85% | 6.80% | 25.71% | 5.38% | 8.10% |
SPYI NEOS S&P 500 High Income ETF | 12.50% | 11.70% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PDIV.TO vs. SPYI - Drawdown Comparison
The maximum PDIV.TO drawdown since its inception was -30.64%, which is greater than SPYI's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for PDIV.TO and SPYI.
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Drawdown Indicators
| PDIV.TO | SPYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.64% | -16.47% | -14.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -11.02% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -14.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.64% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -5.03% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -1.86% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.09% | -0.46% |
Volatility
PDIV.TO vs. SPYI - Volatility Comparison
The current volatility for Purpose Enhanced Dividend Fund ETF (PDIV.TO) is 3.48%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 5.01%. This indicates that PDIV.TO experiences smaller price fluctuations and is considered to be less risky than SPYI 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 | SPYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 5.01% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 5.58% | 8.44% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.56% | 16.10% | -6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.89% | 12.18% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.96% | 12.18% | +1.78% |