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PINC.TO vs. CIF.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PINC.TO vs. CIF.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Purpose Multi-Asset Income Fund (PINC.TO) and iShares Global Infrastructure Index ETF (CIF.TO).

PINC.TO and CIF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CIF.TO is a passively managed fund by iShares that tracks the performance of the Manulife Investment Management Global Infrastructure Index. It was launched on Aug 27, 2008.

Performance

PINC.TO vs. CIF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Multi-Asset Income Fund (PINC.TO) and iShares Global Infrastructure Index ETF (CIF.TO). The values are adjusted to include any dividend payments, if applicable.

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PINC.TO vs. CIF.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PINC.TO
Purpose Multi-Asset Income Fund		5.13%14.41%17.01%5.89%-8.44%26.14%2.90%14.28%-6.43%
CIF.TO
iShares Global Infrastructure Index ETF		15.08%14.45%25.40%14.65%5.90%17.73%-0.62%23.55%-0.91%

Returns By Period

In the year-to-date period, PINC.TO achieves a 5.13% return, which is significantly lower than CIF.TO's 15.08% return.

PINC.TO

1D
0.05%
1M
-1.59%
YTD
5.13%
6M
6.47%
1Y
16.81%
3Y*
12.98%
5Y*
9.46%
10Y*
—

CIF.TO

1D
2.07%
1M
-1.29%
YTD
15.08%
6M
9.29%
1Y
34.93%
3Y*
22.51%
5Y*
17.08%
10Y*
12.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Purpose Multi-Asset Income Fund

iShares Global Infrastructure Index ETF

Often compared with PINC.TO:
PINC.TO vs. XUT.TOPINC.TO vs. HEQT.TOPINC.TO vs. RATE.TOPINC.TO vs. MNY.TOPINC.TO vs. FIE.TO
Often compared with CIF.TO:
CIF.TO vs. VFV.TOCIF.TO vs. MLPP.LCIF.TO vs. ZQQ.TOCIF.TO vs. VGTCIF.TO vs. URACIF.TO vs. FXAIXCIF.TO vs. CWW.TO

PINC.TO vs. CIF.TO - Expense Ratio Comparison

CIF.TO
iShares Global Infrastructure Index ETF

Return for Risk

PINC.TO vs. CIF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PINC.TO
PINC.TO Risk / Return Rank: 8989
Overall Rank
PINC.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
PINC.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
PINC.TO Omega Ratio Rank: 9595
Omega Ratio Rank
PINC.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
PINC.TO Martin Ratio Rank: 8787
Martin Ratio Rank
CIF.TO
CIF.TO Risk / Return Rank: 9191
Overall Rank
CIF.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
CIF.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
CIF.TO Omega Ratio Rank: 9292
Omega Ratio Rank
CIF.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
CIF.TO Martin Ratio Rank: 9090
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.

PINC.TO vs. CIF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Asset Income Fund (PINC.TO) and iShares Global Infrastructure Index ETF (CIF.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.

PINC.TOCIF.TODifference

Sharpe ratio

Return per unit of total volatility

2.09

2.01

+0.08

Sortino ratio

Return per unit of downside risk

2.70

2.53

+0.17

Omega ratio

Gain probability vs. loss probability

1.46

1.39

+0.07

Calmar ratio

Return relative to maximum drawdown

2.17

3.20

-1.03

Martin ratio

Return relative to average drawdown

10.57

11.47

-0.90

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

PINC.TO vs. CIF.TO - Sharpe Ratio Comparison

The current PINC.TO Sharpe Ratio is 2.09, which is comparable to the CIF.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of PINC.TO and CIF.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

PINC.TOCIF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.09

2.01

+0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.11

1.20

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.76

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.51

+0.05

Correlation

The correlation between PINC.TO and CIF.TO is 0.40, 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

PINC.TO vs. CIF.TO - Dividend Comparison

PINC.TO's dividend yield for the trailing twelve months is around 4.86%, more than CIF.TO's 1.92% yield.

TTM20252024202320222021202020192018201720162015
PINC.TO
Purpose Multi-Asset Income Fund		4.86%5.05%10.05%10.60%9.99%8.17%7.34%5.06%3.66%0.00%0.00%0.00%
CIF.TO
iShares Global Infrastructure Index ETF		1.92%2.05%2.84%2.36%2.53%2.24%2.06%1.83%2.45%2.27%1.81%2.41%

Drawdowns

PINC.TO vs. CIF.TO - Drawdown Comparison

The maximum PINC.TO drawdown since its inception was -43.84%, roughly equal to the maximum CIF.TO drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for PINC.TO and CIF.TO.

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Drawdown Indicators

PINC.TOCIF.TODifference

Max Drawdown

Largest peak-to-trough decline

-43.84%

-42.37%

-1.47%

Max Drawdown (1Y)

Largest decline over 1 year

-7.58%

-11.10%

+3.52%

Max Drawdown (5Y)

Largest decline over 5 years

-15.59%

-20.40%

+4.81%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.37%

—

Current Drawdown

Current decline from peak

-1.82%

-2.13%

+0.31%

Average Drawdown

Average peak-to-trough decline

-4.50%

-5.70%

+1.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.55%

3.10%

-1.55%

Volatility

PINC.TO vs. CIF.TO - Volatility Comparison

The current volatility for Purpose Multi-Asset Income Fund (PINC.TO) is 3.01%, while iShares Global Infrastructure Index ETF (CIF.TO) has a volatility of 6.40%. This indicates that PINC.TO experiences smaller price fluctuations and is considered to be less risky than CIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PINC.TOCIF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.01%

6.40%

-3.39%

Volatility (6M)

Calculated over the trailing 6-month period

4.98%

12.05%

-7.07%

Volatility (1Y)

Calculated over the trailing 1-year period

8.21%

17.49%

-9.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.55%

14.32%

-5.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.04%

16.58%

-1.54%