PINC.TO vs. XCLN.TO
PINC.TO (Purpose Multi-Asset Income Fund) and XCLN.TO (iShares Global Clean Energy Index ETF) are both exchange-traded funds - PINC.TO is a fund fund, while XCLN.TO is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Over the past 3 years, PINC.TO returned 15.95%/yr vs 8.97%/yr for XCLN.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
PINC.TO vs. XCLN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PINC.TO achieves a 13.46% return, which is significantly lower than XCLN.TO's 43.07% return.
PINC.TO
- 1D
- -0.14%
- 1M
- 3.46%
- YTD
- 13.46%
- 6M
- 14.63%
- 1Y
- 23.15%
- 3Y*
- 15.95%
- 5Y*
- 9.85%
- 10Y*
- —
XCLN.TO
- 1D
- -0.93%
- 1M
- 14.72%
- YTD
- 43.07%
- 6M
- 37.48%
- 1Y
- 84.30%
- 3Y*
- 8.97%
- 5Y*
- —
- 10Y*
- —
PINC.TO vs. XCLN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PINC.TO Purpose Multi-Asset Income Fund | 13.46% | 14.41% | 17.01% | 5.89% | -6.47% |
XCLN.TO iShares Global Clean Energy Index ETF | 43.07% | 37.41% | -19.86% | -21.98% | 13.22% |
Correlation
The correlation between PINC.TO and XCLN.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 3, 2022 | 0.26 |
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Return for Risk
PINC.TO vs. XCLN.TO — Risk / Return Rank
PINC.TO
XCLN.TO
PINC.TO vs. XCLN.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 Clean Energy Index ETF (XCLN.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.TO | XCLN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.49 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.48 | 7.00 | -0.52 |
| Martin ratioReturn relative to average drawdown | 24.84 | 19.91 | +4.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PINC.TO | XCLN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.59 | 3.15 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.33 | +0.29 |
Drawdowns
PINC.TO vs. XCLN.TO - Drawdown Comparison
The maximum PINC.TO drawdown since its inception was -43.84%, smaller than the maximum XCLN.TO drawdown of -49.29%. Use the drawdown chart below to compare losses from any high point for PINC.TO and XCLN.TO.
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Drawdown Indicators
| PINC.TO | XCLN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.84% | -49.29% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -12.10% | +8.51% |
Max Drawdown (3Y)Largest decline over 3 years | -9.38% | -39.31% | +29.93% |
Max Drawdown (5Y)Largest decline over 5 years | -15.59% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.98% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -25.54% | +21.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 4.25% | -3.32% |
Volatility
PINC.TO vs. XCLN.TO - Volatility Comparison
The current volatility for Purpose Multi-Asset Income Fund (PINC.TO) is 1.92%, while iShares Global Clean Energy Index ETF (XCLN.TO) has a volatility of 10.50%. This indicates that PINC.TO experiences smaller price fluctuations and is considered to be less risky than XCLN.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 | XCLN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 10.50% | -8.58% |
Volatility (6M)Calculated over the trailing 6-month period | 5.06% | 20.24% | -15.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.48% | 26.95% | -20.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 25.50% | -16.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 25.50% | -10.59% |
Dividends
PINC.TO vs. XCLN.TO - Dividend Comparison
PINC.TO's dividend yield for the trailing twelve months is around 4.54%, more than XCLN.TO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PINC.TO Purpose Multi-Asset Income Fund | 4.54% | 5.05% | 10.05% | 10.60% | 9.99% | 8.17% | 7.34% | 5.06% | 3.66% |
XCLN.TO iShares Global Clean Energy Index ETF | 1.04% | 1.49% | 1.24% | 1.15% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PINC.TO and XCLN.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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