PHE.TO vs. XUU.TO
PHE.TO (Purpose Tactical Hedged Equity Fund) and XUU.TO (iShares Core S&P U.S. Total Market Index ETF) are both exchange-traded funds - PHE.TO is a Equity Hedged fund actively managed by Purpose Investments Inc., while XUU.TO is a Large Cap Blend Equities fund tracking the S&P Total Market Index. PHE.TO is actively managed, while XUU.TO is passively managed. Over the past 10 years, PHE.TO returned 6.87%/yr vs 14.82%/yr for XUU.TO. At a 0.19 correlation, their price movements are largely independent. PHE.TO charges 0.98%/yr vs 0.07%/yr for XUU.TO.
Performance
PHE.TO vs. XUU.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PHE.TO achieves a 1.54% return, which is significantly lower than XUU.TO's 12.15% return. Over the past 10 years, PHE.TO has underperformed XUU.TO with an annualized return of 6.87%, while XUU.TO has yielded a comparatively higher 14.82% annualized return.
PHE.TO
- 1D
- -0.37%
- 1M
- 0.99%
- 6M
- 1.69%
- YTD
- 1.54%
- 1Y
- 7.28%
- 3Y*
- 9.65%
- 5Y*
- 6.27%
- 10Y*
- 6.87%
- ALL TIME*
- 5.80%
XUU.TO
- 1D
- 0.09%
- 1M
- -0.36%
- 6M
- 10.92%
- YTD
- 12.15%
- 1Y
- 21.31%
- 3Y*
- 20.98%
- 5Y*
- 14.02%
- 10Y*
- 14.82%
- ALL TIME*
- 13.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$420.41 | CA$976.01 | CA$1.79K | |
| CA$2.25M | CA$2.03M | CA$2.47M |
PHE.TO vs. XUU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHE.TO Purpose Tactical Hedged Equity Fund | 1.54% | 12.04% | 12.63% | 10.64% | -9.81% | 20.76% | 2.62% | 8.65% | -7.89% | 8.79% |
XUU.TO iShares Core S&P U.S. Total Market Index ETF | 12.15% | 11.25% | 34.07% | 23.11% | -13.53% | 25.94% | 16.26% | 23.78% | 2.43% | 12.80% |
Correlation
The correlation between PHE.TO and XUU.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.19 |
The correlation between PHE.TO and XUU.TO shifts across timeframes, from 0.04 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PHE.TO vs. XUU.TO — Risk / Return Rank
PHE.TO
XUU.TO
PHE.TO vs. XUU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Tactical Hedged Equity Fund (PHE.TO) and iShares Core S&P U.S. Total Market Index ETF (XUU.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.
| PHE.TO | XUU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.43 | -1.31 |
| Martin ratioReturn relative to average drawdown | 4.50 | 9.00 | -4.50 |
Loading charts...
Drawdowns
PHE.TO vs. XUU.TO - Drawdown Comparison
The maximum PHE.TO drawdown since its inception was -22.37%, smaller than the maximum XUU.TO drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for PHE.TO and XUU.TO.
Loading charts...
Drawdown Indicators
| PHE.TO | XUU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.37% | -28.22% | +5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.54% | -8.80% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -11.34% | -19.70% | +8.36% |
Max Drawdown (5Y)Largest decline over 5 years | -17.48% | -23.40% | +5.92% |
Max Drawdown (10Y)Largest decline over 10 years | -21.38% | -28.22% | +6.84% |
Current DrawdownCurrent decline from peak | -0.97% | -2.61% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.12% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.37% | -0.75% |
Volatility
PHE.TO vs. XUU.TO - Volatility Comparison
The current volatility for Purpose Tactical Hedged Equity Fund (PHE.TO) is 1.77%, while iShares Core S&P U.S. Total Market Index ETF (XUU.TO) has a volatility of 3.34%. This indicates that PHE.TO experiences smaller price fluctuations and is considered to be less risky than XUU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PHE.TO | XUU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 3.34% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 5.81% | 9.79% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.47% | 12.79% | -5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.63% | 15.56% | -5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.14% | 16.59% | -6.45% |
PHE.TO vs. XUU.TO - Expense Ratio Comparison
PHE.TO has a 0.98% expense ratio, which is higher than XUU.TO's 0.07% expense ratio.
Dividends
PHE.TO vs. XUU.TO - Dividend Comparison
PHE.TO has not paid dividends to shareholders, while XUU.TO's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHE.TO Purpose Tactical Hedged Equity Fund | 0.00% | 0.20% | 0.00% | 0.00% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUU.TO iShares Core S&P U.S. Total Market Index ETF | 1.04% | 1.16% | 1.02% | 1.22% | 1.38% | 1.01% | 1.33% | 1.68% | 1.74% | 1.49% | 1.65% | 1.53% |
Frequently Asked Questions
PHE.TO and XUU.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUU.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUU.TO is cheaper with a 0.07% expense ratio, compared with 0.98% for PHE.TO.
PHE.TO is categorized as Equity Hedged, while XUU.TO is Large Cap Blend Equities. They also come from different issuers: Purpose Investments Inc. and iShares. Their fees differ too: 0.98% for PHE.TO and 0.07% for XUU.TO.
Find the right allocation for PHE.TO and XUU.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer