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PMM.TO vs. YAVG.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PMM.TO vs. YAVG.NEO

Last updated Jun 4, 2026

PMM.TO (Purpose Multi-Strategy Market Neutral Fund) and YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) are both exchange-traded funds - PMM.TO is a Long-Short fund actively managed by Purpose Investments, while YAVG.NEO is a Derivative Income fund actively managed by Purpose Investments. Both are actively managed. Over the past year, PMM.TO returned 17.19% vs 133.32% for YAVG.NEO. At a 0.16 correlation, their price movements are largely independent.

Performance

PMM.TO vs. YAVG.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Multi-Strategy Market Neutral Fund (PMM.TO) and Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PMM.TO achieves a 5.69% return, which is significantly lower than YAVG.NEO's 59.96% 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%

YAVG.NEO

1D
-0.50%
1M
16.03%
YTD
59.96%
6M
46.17%
1Y
133.32%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PMM.TO vs. YAVG.NEO - Yearly Performance Comparison

2026 (YTD)2025
PMM.TO
Purpose Multi-Strategy Market Neutral Fund		5.69%8.11%
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF		59.96%57.91%

Correlation

The correlation between PMM.TO and YAVG.NEO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Feb 21, 2025

0.16

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-Strategy Market Neutral Fund

Broadcom (AVGO) Yield Shares Purpose ETF

Often compared with PMM.TO:
PMM.TO vs. QLEIXPMM.TO vs. IS.TOPMM.TO vs. ZMMK.TOPMM.TO vs. BRKY.NEOPMM.TO vs. ^GSPCPMM.TO vs. YCST.NEOPMM.TO vs. PDIV.TO
Often compared with YAVG.NEO:
YAVG.NEO vs. CBNK.TOYAVG.NEO vs. AVGY.TOYAVG.NEO vs. NXF.TOYAVG.NEO vs. UMAX.TOYAVG.NEO vs. RCDC.TOYAVG.NEO vs. YNVD.NEOYAVG.NEO vs. HLIF.TO

Return for Risk

PMM.TO vs. YAVG.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PMM.TO
PMM.TO Risk / Return Rank: 6464
Overall Rank
PMM.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
PMM.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
PMM.TO Omega Ratio Rank: 5454
Omega Ratio Rank
PMM.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
PMM.TO Martin Ratio Rank: 7474
Martin Ratio Rank
YAVG.NEO
YAVG.NEO Risk / Return Rank: 8484
Overall Rank
YAVG.NEO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
YAVG.NEO Sortino Ratio Rank: 8181
Sortino Ratio Rank
YAVG.NEO Omega Ratio Rank: 8383
Omega Ratio Rank
YAVG.NEO Calmar Ratio Rank: 8888
Calmar Ratio Rank
YAVG.NEO Martin Ratio Rank: 7979
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.

PMM.TO vs. YAVG.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Strategy Market Neutral Fund (PMM.TO) and Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO). 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.TOYAVG.NEODifference
Sharpe ratioReturn per unit of total volatility
1.86
2.81

-0.95

Sortino ratioReturn per unit of downside risk
2.51
3.62

-1.10

Omega ratioGain probability vs. loss probability

1.34

1.50

-0.16

Calmar ratioReturn relative to maximum drawdown

5.03

5.18

-0.15

Martin ratioReturn relative to average drawdown

13.86

15.35

-1.49

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

PMM.TO vs. YAVG.NEO - Sharpe Ratio Comparison

The current PMM.TO Sharpe Ratio is 1.86, which is lower than the YAVG.NEO Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of PMM.TO and YAVG.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PMM.TOYAVG.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.86

2.81

-0.95

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

2.03

-1.73

Drawdowns

PMM.TO vs. YAVG.NEO - Drawdown Comparison

The maximum PMM.TO drawdown since its inception was -23.50%, smaller than the maximum YAVG.NEO drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for PMM.TO and YAVG.NEO.

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Drawdown Indicators

PMM.TOYAVG.NEODifference

Max Drawdown

Largest peak-to-trough decline

-23.50%

-39.57%

+16.07%

Max Drawdown (1Y)

Largest decline over 1 year

-3.50%

-25.90%

+22.40%

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 Drawdown

Current decline from peak

-0.54%

-0.50%

-0.04%

Average Drawdown

Average peak-to-trough decline

-7.97%

-8.26%

+0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.26%

8.72%

-7.46%

Volatility

PMM.TO vs. YAVG.NEO - Volatility Comparison

The current volatility for Purpose Multi-Strategy Market Neutral Fund (PMM.TO) is 2.01%, while Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a volatility of 11.15%. This indicates that PMM.TO experiences smaller price fluctuations and is considered to be less risky than YAVG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PMM.TOYAVG.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.01%

11.15%

-9.14%

Volatility (6M)

Calculated over the trailing 6-month period

6.27%

37.61%

-31.34%

Volatility (1Y)

Calculated over the trailing 1-year period

9.45%

47.84%

-38.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.76%

52.43%

-42.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.13%

52.43%

-42.30%

Dividends

PMM.TO vs. YAVG.NEO - Dividend Comparison

PMM.TO has not paid dividends to shareholders, while YAVG.NEO's dividend yield for the trailing twelve months is around 21.76%.

PositionTTM202520242023202220212020201920182017
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%
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF		21.76%8.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PMM.TO and YAVG.NEO have a correlation of 0.17, 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 YAVG.NEO is Derivative Income.

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