PMM.TO vs. SOLL.TO
PMM.TO (Purpose Multi-Strategy Market Neutral Fund) and SOLL.TO (Purpose Solana ETF Currency Hedged Units) are both exchange-traded funds - PMM.TO is a Long-Short fund actively managed by Purpose Investments, while SOLL.TO is a Cryptocurrency fund actively managed by Purpose Investments. Both are actively managed. Over the past year, PMM.TO returned 17.19% vs -56.21% for SOLL.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
PMM.TO vs. SOLL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PMM.TO achieves a 5.69% return, which is significantly higher than SOLL.TO's -42.41% return.
PMM.TO
- 1D
- -0.54%
- 1M
- 3.07%
- YTD
- 5.69%
- 6M
- 3.53%
- 1Y
- 17.19%
- 3Y*
- 11.58%
- 5Y*
- 7.10%
- 10Y*
- 3.51%
SOLL.TO
- 1D
- -4.68%
- 1M
- -14.73%
- YTD
- -42.41%
- 6M
- -50.32%
- 1Y
- -56.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMM.TO vs. SOLL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PMM.TO Purpose Multi-Strategy Market Neutral Fund | 5.69% | 16.73% |
SOLL.TO Purpose Solana ETF Currency Hedged Units | -42.41% | -7.64% |
Correlation
The correlation between PMM.TO and SOLL.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025 | 0.19 |
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Return for Risk
PMM.TO vs. SOLL.TO — Risk / Return Rank
PMM.TO
SOLL.TO
PMM.TO vs. SOLL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Strategy Market Neutral Fund (PMM.TO) and Purpose Solana ETF Currency Hedged Units (SOLL.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.
| PMM.TO | SOLL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.88 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | -0.79 | +5.81 |
| Martin ratioReturn relative to average drawdown | 13.86 | -1.24 | +15.10 |
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
| PMM.TO | SOLL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | -0.78 | +2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.61 | +0.91 |
Drawdowns
PMM.TO vs. SOLL.TO - Drawdown Comparison
The maximum PMM.TO drawdown since its inception was -23.50%, smaller than the maximum SOLL.TO drawdown of -71.52%. Use the drawdown chart below to compare losses from any high point for PMM.TO and SOLL.TO.
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Drawdown Indicators
| PMM.TO | SOLL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -71.52% | +48.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -71.52% | +68.02% |
Max Drawdown (3Y)Largest decline over 3 years | -9.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.50% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -71.52% | +70.98% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -34.60% | +26.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 45.19% | -43.93% |
Volatility
PMM.TO vs. SOLL.TO - Volatility Comparison
The current volatility for Purpose Multi-Strategy Market Neutral Fund (PMM.TO) is 2.01%, while Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a volatility of 16.48%. This indicates that PMM.TO experiences smaller price fluctuations and is considered to be less risky than SOLL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMM.TO | SOLL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 16.48% | -14.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.27% | 50.24% | -43.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.45% | 72.62% | -63.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.76% | 71.16% | -61.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.13% | 71.16% | -61.03% |
Dividends
PMM.TO vs. SOLL.TO - Dividend Comparison
Neither PMM.TO nor SOLL.TO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PMM.TO Purpose Multi-Strategy Market Neutral Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 2.44% |
SOLL.TO Purpose Solana ETF Currency Hedged Units | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PMM.TO and SOLL.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMM.TO is categorized as Long-Short, while SOLL.TO is Cryptocurrency.
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