PRA.TO vs. BND.TO
PRA.TO (Purpose Diversified Real Asset Fund) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - PRA.TO is a Diversified Portfolio fund actively managed by Purpose Investments Inc., while BND.TO is a Global Bonds fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 10 years, PRA.TO returned 10.51%/yr vs 2.74%/yr for BND.TO. At a 0.09 correlation, their price movements are largely independent. PRA.TO charges 0.73%/yr vs 0.45%/yr for BND.TO.
Performance
PRA.TO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PRA.TO achieves a 26.15% return, which is significantly higher than BND.TO's 0.04% return. Over the past 10 years, PRA.TO has outperformed BND.TO with an annualized return of 10.51%, while BND.TO has yielded a comparatively lower 2.74% annualized return.
PRA.TO
- 1D
- 0.42%
- 1M
- 5.87%
- 6M
- 15.04%
- YTD
- 26.15%
- 1Y
- 38.59%
- 3Y*
- 17.58%
- 5Y*
- 15.86%
- 10Y*
- 10.51%
- ALL TIME*
- 7.94%
BND.TO
- 1D
- 0.06%
- 1M
- -1.48%
- 6M
- -0.46%
- YTD
- 0.04%
- 1Y
- 3.42%
- 3Y*
- 6.60%
- 5Y*
- 2.85%
- 10Y*
- 2.74%
- ALL TIME*
- 2.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BND.TO Purpose Global Bond Fund | CA$1.16M | CA$839.27K | CA$802.49K |
| CA$227.74K | CA$395.74K | CA$474.14K |
PRA.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRA.TO Purpose Diversified Real Asset Fund | 26.15% | 18.21% | 8.78% | 2.07% | 15.88% | 23.55% | 5.06% | 14.16% | -7.41% | 3.93% |
BND.TO Purpose Global Bond Fund | 0.04% | 7.26% | 7.49% | 8.45% | -7.80% | 2.62% | 6.14% | 4.16% | -0.91% | 1.72% |
Correlation
The correlation between PRA.TO and BND.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015 | 0.09 |
The correlation between PRA.TO and BND.TO shifts across timeframes, from -0.04 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRA.TO vs. BND.TO — Risk / Return Rank
PRA.TO
BND.TO
PRA.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Diversified Real Asset Fund (PRA.TO) and Purpose Global Bond Fund (BND.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.
| PRA.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.20 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 6.32 | 1.20 | +5.12 |
| Martin ratioReturn relative to average drawdown | 20.55 | 4.70 | +15.85 |
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Drawdowns
PRA.TO vs. BND.TO - Drawdown Comparison
The maximum PRA.TO drawdown since its inception was -34.17%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for PRA.TO and BND.TO.
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Drawdown Indicators
| PRA.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -16.55% | -17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -2.87% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -4.46% | -9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -12.43% | -6.94% |
Max Drawdown (10Y)Largest decline over 10 years | -32.26% | -16.55% | -15.71% |
Current DrawdownCurrent decline from peak | -0.34% | -1.74% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -2.09% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.73% | +1.15% |
Volatility
PRA.TO vs. BND.TO - Volatility Comparison
Purpose Diversified Real Asset Fund (PRA.TO) has a higher volatility of 2.76% compared to Purpose Global Bond Fund (BND.TO) at 0.98%. This indicates that PRA.TO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRA.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 0.98% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 2.81% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 3.22% | +9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.59% | 5.11% | +8.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 5.16% | +9.29% |
PRA.TO vs. BND.TO - Expense Ratio Comparison
PRA.TO has a 0.73% expense ratio, which is higher than BND.TO's 0.45% expense ratio.
Dividends
PRA.TO vs. BND.TO - Dividend Comparison
PRA.TO's dividend yield for the trailing twelve months is around 2.07%, less than BND.TO's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.94% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
PRA.TO Purpose Diversified Real Asset Fund | 2.07% | 3.23% | 2.95% | 3.12% | 1.93% | 1.25% | 1.52% | 1.57% | 1.77% | 1.93% | 1.64% | 2.09% |
Frequently Asked Questions
PRA.TO and BND.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BND.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND.TO is cheaper with a 0.45% expense ratio, compared with 0.73% for PRA.TO.
PRA.TO is categorized as Diversified Portfolio, while BND.TO is Global Bonds. Their fees differ too: 0.73% for PRA.TO and 0.45% for BND.TO.
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