PRA.TO vs. SYLD.TO
PRA.TO (Purpose Diversified Real Asset Fund) and SYLD.TO (Purpose Strategic Yield Fund) are both exchange-traded funds - PRA.TO is a Diversified Portfolio fund actively managed by Purpose Investments Inc., while SYLD.TO is a High Yield Bonds fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 5 years, PRA.TO returned 15.86%/yr vs 4.88%/yr for SYLD.TO. At a 0.11 correlation, their price movements are largely independent. PRA.TO charges 0.73%/yr vs 0.95%/yr for SYLD.TO.
Performance
PRA.TO vs. SYLD.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 SYLD.TO's 3.38% 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%
SYLD.TO
- 1D
- -0.10%
- 1M
- 0.03%
- 6M
- 2.66%
- YTD
- 3.38%
- 1Y
- 9.54%
- 3Y*
- 10.24%
- 5Y*
- 4.88%
- 10Y*
- —
- ALL TIME*
- 6.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$227.74K | CA$395.74K | CA$474.14K | |
SYLD.TO Purpose Strategic Yield Fund | CA$51.46K | CA$69.71K | CA$109.09K |
PRA.TO vs. SYLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PRA.TO Purpose Diversified Real Asset Fund | 26.15% | 18.21% | 8.78% | 2.07% | 15.88% | 23.55% | 5.06% | 14.16% | -4.94% |
SYLD.TO Purpose Strategic Yield Fund | 3.38% | 10.15% | 13.23% | 6.84% | -8.64% | 12.53% | 10.72% | 8.65% | -3.02% |
Correlation
The correlation between PRA.TO and SYLD.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.11 |
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Return for Risk
PRA.TO vs. SYLD.TO — Risk / Return Rank
PRA.TO
SYLD.TO
PRA.TO vs. SYLD.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 Strategic Yield Fund (SYLD.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 | SYLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.60 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 6.32 | 6.91 | -0.59 |
| Martin ratioReturn relative to average drawdown | 20.55 | 27.25 | -6.70 |
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Drawdowns
PRA.TO vs. SYLD.TO - Drawdown Comparison
The maximum PRA.TO drawdown since its inception was -34.17%, which is greater than SYLD.TO's maximum drawdown of -32.17%. Use the drawdown chart below to compare losses from any high point for PRA.TO and SYLD.TO.
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Drawdown Indicators
| PRA.TO | SYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -32.17% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -1.39% | -4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -3.40% | -10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -9.48% | -9.89% |
Max Drawdown (10Y)Largest decline over 10 years | -32.26% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.25% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -2.56% | -5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.35% | +1.53% |
Volatility
PRA.TO vs. SYLD.TO - Volatility Comparison
Purpose Diversified Real Asset Fund (PRA.TO) has a higher volatility of 2.76% compared to Purpose Strategic Yield Fund (SYLD.TO) at 0.61%. This indicates that PRA.TO's price experiences larger fluctuations and is considered to be riskier than SYLD.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 | SYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 0.61% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 1.98% | +7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 3.43% | +9.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.59% | 4.49% | +9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 10.06% | +4.39% |
PRA.TO vs. SYLD.TO - Expense Ratio Comparison
PRA.TO has a 0.73% expense ratio, which is lower than SYLD.TO's 0.95% expense ratio.
Dividends
PRA.TO vs. SYLD.TO - Dividend Comparison
PRA.TO's dividend yield for the trailing twelve months is around 2.07%, less than SYLD.TO's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SYLD.TO Purpose Strategic Yield Fund | 5.82% | 5.85% | 6.07% | 6.45% | 6.46% | 5.56% | 5.91% | 6.13% | 4.70% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRA.TO and SYLD.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRA.TO is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRA.TO is cheaper with a 0.73% expense ratio, compared with 0.95% for SYLD.TO.
PRA.TO is categorized as Diversified Portfolio, while SYLD.TO is High Yield Bonds. Their fees differ too: 0.73% for PRA.TO and 0.95% for SYLD.TO.
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