PMM.TO vs. ^GSPC
Compare and contrast key facts about Purpose Multi-Strategy Market Neutral Fund (PMM.TO) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMM.TO or ^GSPC.
Correlation
The correlation between PMM.TO and ^GSPC is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PMM.TO vs. ^GSPC - Performance Comparison
Key characteristics
PMM.TO:
1.50
^GSPC:
1.69
PMM.TO:
2.07
^GSPC:
2.29
PMM.TO:
1.27
^GSPC:
1.31
PMM.TO:
1.45
^GSPC:
2.57
PMM.TO:
8.98
^GSPC:
10.46
PMM.TO:
1.56%
^GSPC:
2.08%
PMM.TO:
9.36%
^GSPC:
12.82%
PMM.TO:
-23.50%
^GSPC:
-56.78%
PMM.TO:
-2.16%
^GSPC:
-0.06%
Returns By Period
In the year-to-date period, PMM.TO achieves a -1.53% return, which is significantly lower than ^GSPC's 3.97% return. Over the past 10 years, PMM.TO has underperformed ^GSPC with an annualized return of 1.81%, while ^GSPC has yielded a comparatively higher 11.32% annualized return.
PMM.TO
-1.53%
0.16%
7.55%
13.91%
1.80%
1.81%
^GSPC
3.97%
4.66%
10.32%
22.29%
12.63%
11.32%
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Risk-Adjusted Performance
PMM.TO vs. ^GSPC — Risk-Adjusted Performance Rank
PMM.TO
^GSPC
PMM.TO vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Strategy Market Neutral Fund (PMM.TO) and S&P 500 (^GSPC). 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.
Drawdowns
PMM.TO vs. ^GSPC - Drawdown Comparison
The maximum PMM.TO drawdown since its inception was -23.50%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PMM.TO and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PMM.TO vs. ^GSPC - Volatility Comparison
Purpose Multi-Strategy Market Neutral Fund (PMM.TO) has a higher volatility of 3.72% compared to S&P 500 (^GSPC) at 3.21%. This indicates that PMM.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.