PINC.TO vs. BANK.TO
PINC.TO (Purpose Multi-Asset Income Fund) and BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both Derivative Income funds. PINC.TO is actively managed, while BANK.TO is passively managed. Over the past 3 years, PINC.TO returned 14.69%/yr vs 35.35%/yr for BANK.TO. At a 0.49 correlation, their price movements are largely independent. PINC.TO charges 1.04%/yr vs 0.60%/yr for BANK.TO.
Performance
PINC.TO vs. BANK.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PINC.TO achieves a 18.40% return, which is significantly lower than BANK.TO's 32.36% return.
PINC.TO
- 1D
- 0.57%
- 1M
- 1.74%
- 6M
- 17.22%
- YTD
- 18.40%
- 1Y
- 24.52%
- 3Y*
- 14.69%
- 5Y*
- 6.92%
- 10Y*
- —
- ALL TIME*
- 7.09%
BANK.TO
- 1D
- 1.19%
- 1M
- 4.39%
- 6M
- 32.36%
- YTD
- 32.36%
- 1Y
- 66.60%
- 3Y*
- 35.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$7.04M | CA$7.06M | CA$6.05M | |
| CA$10.04K | CA$9.73K | CA$12.47K |
PINC.TO vs. BANK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PINC.TO Purpose Multi-Asset Income Fund | 18.40% | 14.41% | 11.54% | 0.95% | -11.57% |
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 32.36% | 41.00% | 27.90% | 16.23% | -20.47% |
Correlation
The correlation between PINC.TO and BANK.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.49 |
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
PINC.TO vs. BANK.TO — Risk / Return Rank
PINC.TO
BANK.TO
PINC.TO vs. BANK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Asset Income Fund (PINC.TO) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.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.
| PINC.TO | BANK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.93 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.87 | 8.09 | -1.22 |
| Martin ratioReturn relative to average drawdown | 26.66 | 35.40 | -8.73 |
Loading charts...
Drawdowns
PINC.TO vs. BANK.TO - Drawdown Comparison
The maximum PINC.TO drawdown since its inception was -43.84%, which is greater than BANK.TO's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for PINC.TO and BANK.TO.
Loading charts...
Drawdown Indicators
| PINC.TO | BANK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.84% | -29.03% | -14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -8.27% | +4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -10.48% | -15.49% | +5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.41% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -8.53% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.89% | -0.96% |
Volatility
PINC.TO vs. BANK.TO - Volatility Comparison
The current volatility for Purpose Multi-Asset Income Fund (PINC.TO) is 1.54%, while Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) has a volatility of 4.75%. This indicates that PINC.TO experiences smaller price fluctuations and is considered to be less risky than BANK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PINC.TO | BANK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 4.75% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 5.06% | 11.18% | -6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 12.98% | -6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 15.64% | -7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.70% | 15.64% | -0.94% |
PINC.TO vs. BANK.TO - Expense Ratio Comparison
PINC.TO has a 1.04% expense ratio, which is higher than BANK.TO's 0.60% expense ratio.
Dividends
PINC.TO vs. BANK.TO - Dividend Comparison
PINC.TO's dividend yield for the trailing twelve months is around 4.37%, less than BANK.TO's 11.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 11.86% | 13.73% | 15.28% | 13.60% | 10.52% | 0.00% | 0.00% | 0.00% | 0.00% |
PINC.TO Purpose Multi-Asset Income Fund | 4.37% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% |
Frequently Asked Questions
PINC.TO and BANK.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BANK.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BANK.TO is cheaper with a 0.60% expense ratio, compared with 1.04% for PINC.TO.
They also come from different issuers: Purpose Investments Inc. and Evolve. Their fees differ too: 1.04% for PINC.TO and 0.60% for BANK.TO.
Find the right allocation for PINC.TO and BANK.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