PINC.TO vs. DXQ.TO
PINC.TO (Purpose Multi-Asset Income Fund) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, PINC.TO returned 14.69%/yr vs 16.25%/yr for DXQ.TO. At a 0.21 correlation, their price movements are largely independent. PINC.TO charges 1.04%/yr vs 0.72%/yr for DXQ.TO.
Performance
PINC.TO vs. DXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PINC.TO achieves a 18.40% return, which is significantly higher than DXQ.TO's 7.11% 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%
DXQ.TO
- 1D
- -0.92%
- 1M
- -0.49%
- 6M
- 5.91%
- YTD
- 7.11%
- 1Y
- 13.95%
- 3Y*
- 16.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$438.18K | CA$521.16K | CA$483.18K | |
| CA$10.04K | CA$9.73K | CA$12.47K |
PINC.TO vs. DXQ.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% | -4.63% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.11% | 12.99% | 21.07% | 20.08% | 3.57% |
Correlation
The correlation between PINC.TO and DXQ.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.21 |
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Return for Risk
PINC.TO vs. DXQ.TO — Risk / Return Rank
PINC.TO
DXQ.TO
PINC.TO vs. DXQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Asset Income Fund (PINC.TO) and Dynamic Active Enhanced Yield Covered Options ETF (DXQ.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 | DXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.29 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 6.87 | 2.74 | +4.13 |
| Martin ratioReturn relative to average drawdown | 26.66 | 7.47 | +19.19 |
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Drawdowns
PINC.TO vs. DXQ.TO - Drawdown Comparison
The maximum PINC.TO drawdown since its inception was -43.84%, which is greater than DXQ.TO's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for PINC.TO and DXQ.TO.
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Drawdown Indicators
| PINC.TO | DXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.84% | -15.54% | -28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -5.11% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -10.48% | -15.54% | +5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.10% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -1.26% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.87% | -0.94% |
Volatility
PINC.TO vs. DXQ.TO - Volatility Comparison
The current volatility for Purpose Multi-Asset Income Fund (PINC.TO) is 1.54%, while Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) has a volatility of 1.91%. This indicates that PINC.TO experiences smaller price fluctuations and is considered to be less risky than DXQ.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.TO | DXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.91% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 5.06% | 7.40% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 9.22% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 10.85% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.70% | 10.85% | +3.85% |
PINC.TO vs. DXQ.TO - Expense Ratio Comparison
PINC.TO has a 1.04% expense ratio, which is higher than DXQ.TO's 0.72% expense ratio.
Dividends
PINC.TO vs. DXQ.TO - Dividend Comparison
PINC.TO's dividend yield for the trailing twelve months is around 4.37%, less than DXQ.TO's 7.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.91% | 7.45% | 5.74% | 6.54% | 1.83% | 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 DXQ.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXQ.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXQ.TO is cheaper with a 0.72% expense ratio, compared with 1.04% for PINC.TO.
They also come from different issuers: Purpose Investments Inc. and Dynamic. Their fees differ too: 1.04% for PINC.TO and 0.72% for DXQ.TO.
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