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PID.TO vs. CPD.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PID.TO vs. CPD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Purpose International Dividend Fund (PID.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO).

PID.TO and CPD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPD.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Preferred Share TR. It was launched on Apr 10, 2007.

Performance

PID.TO vs. CPD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose International Dividend Fund (PID.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO). The values are adjusted to include any dividend payments, if applicable.

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PID.TO vs. CPD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PID.TO
Purpose International Dividend Fund		4.59%33.40%13.85%15.75%-2.67%8.95%-3.24%14.04%0.49%11.86%
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		0.11%16.10%23.31%6.23%-19.19%18.85%5.35%3.35%-9.05%13.44%

Returns By Period

In the year-to-date period, PID.TO achieves a 4.59% return, which is significantly higher than CPD.TO's 0.11% return. Over the past 10 years, PID.TO has outperformed CPD.TO with an annualized return of 9.85%, while CPD.TO has yielded a comparatively lower 6.39% annualized return.

PID.TO

1D
2.77%
1M
-5.39%
YTD
4.59%
6M
11.69%
1Y
24.07%
3Y*
19.93%
5Y*
13.67%
10Y*
9.85%

CPD.TO

1D
0.88%
1M
-1.07%
YTD
0.11%
6M
3.71%
1Y
13.13%
3Y*
13.99%
5Y*
6.05%
10Y*
6.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Purpose International Dividend Fund

iShares S&P/TSX Canadian Preferred Share Index ETF

Often compared with PID.TO:
PID.TO vs. PDF.TOPID.TO vs. VRIF.TOPID.TO vs. SPYPID.TO vs. XMV.TOPID.TO vs. XIC.TOPID.TO vs. VFV.TOPID.TO vs. VGG.TO
Often compared with CPD.TO:
CPD.TO vs. XEI.TOCPD.TO vs. VDY.TOCPD.TO vs. XDIV.TOCPD.TO vs. fie.TOCPD.TO vs. ^GSPCCPD.TO vs. ATD.TOCPD.TO vs. XAW.TO

PID.TO vs. CPD.TO - Expense Ratio Comparison

CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF

Return for Risk

PID.TO vs. CPD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PID.TO
PID.TO Risk / Return Rank: 7979
Overall Rank
PID.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
PID.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
PID.TO Omega Ratio Rank: 8080
Omega Ratio Rank
PID.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
PID.TO Martin Ratio Rank: 7676
Martin Ratio Rank
CPD.TO
CPD.TO Risk / Return Rank: 8585
Overall Rank
CPD.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
CPD.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
CPD.TO Omega Ratio Rank: 9696
Omega Ratio Rank
CPD.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
CPD.TO Martin Ratio Rank: 8383
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.

PID.TO vs. CPD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose International Dividend Fund (PID.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.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.

PID.TOCPD.TODifference

Sharpe ratio

Return per unit of total volatility

1.60

1.94

-0.34

Sortino ratio

Return per unit of downside risk

2.10

2.35

-0.24

Omega ratio

Gain probability vs. loss probability

1.31

1.49

-0.18

Calmar ratio

Return relative to maximum drawdown

2.13

1.77

+0.36

Martin ratio

Return relative to average drawdown

8.08

8.95

-0.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PID.TO vs. CPD.TO - Sharpe Ratio Comparison

The current PID.TO Sharpe Ratio is 1.60, which is comparable to the CPD.TO Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of PID.TO and CPD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PID.TOCPD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.60

1.94

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.13

0.79

+0.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.60

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.31

+0.31

Correlation

The correlation between PID.TO and CPD.TO is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PID.TO vs. CPD.TO - Dividend Comparison

PID.TO's dividend yield for the trailing twelve months is around 3.00%, less than CPD.TO's 5.11% yield.

TTM20252024202320222021202020192018201720162015
PID.TO
Purpose International Dividend Fund		3.00%3.12%4.02%4.39%4.86%5.61%4.64%4.28%4.67%3.53%3.49%2.06%
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		5.11%4.96%5.11%5.88%5.53%4.17%4.96%5.02%4.74%4.33%4.85%5.44%

Drawdowns

PID.TO vs. CPD.TO - Drawdown Comparison

The maximum PID.TO drawdown since its inception was -27.27%, smaller than the maximum CPD.TO drawdown of -40.92%. Use the drawdown chart below to compare losses from any high point for PID.TO and CPD.TO.

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Drawdown Indicators

PID.TOCPD.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.27%

-40.92%

+13.65%

Max Drawdown (1Y)

Largest decline over 1 year

-11.09%

-7.57%

-3.52%

Max Drawdown (5Y)

Largest decline over 5 years

-19.11%

-24.12%

+5.01%

Max Drawdown (10Y)

Largest decline over 10 years

-27.27%

-40.92%

+13.65%

Current Drawdown

Current decline from peak

-5.85%

-1.07%

-4.78%

Average Drawdown

Average peak-to-trough decline

-4.11%

-6.78%

+2.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.93%

1.50%

+1.43%

Volatility

PID.TO vs. CPD.TO - Volatility Comparison

Purpose International Dividend Fund (PID.TO) has a higher volatility of 7.57% compared to iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) at 1.95%. This indicates that PID.TO's price experiences larger fluctuations and is considered to be riskier than CPD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PID.TOCPD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.57%

1.95%

+5.62%

Volatility (6M)

Calculated over the trailing 6-month period

10.73%

3.48%

+7.25%

Volatility (1Y)

Calculated over the trailing 1-year period

15.09%

6.79%

+8.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.21%

7.72%

+4.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.93%

10.66%

+3.27%