PRA.TO vs. XCNS.TO
PRA.TO (Purpose Diversified Real Asset Fund) and XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, PRA.TO returned 15.86%/yr vs 5.31%/yr for XCNS.TO. At a 0.29 correlation, their price movements are largely independent. PRA.TO charges 0.73%/yr vs 0.20%/yr for XCNS.TO.
Performance
PRA.TO vs. XCNS.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 XCNS.TO's 5.39% 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%
XCNS.TO
- 1D
- 0.38%
- 1M
- -0.68%
- 6M
- 3.87%
- YTD
- 5.39%
- 1Y
- 11.59%
- 3Y*
- 10.90%
- 5Y*
- 5.31%
- 10Y*
- —
- ALL TIME*
- 6.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$227.74K | CA$395.74K | CA$474.14K | |
| CA$418.12K | CA$360.25K | CA$532.86K |
PRA.TO vs. XCNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PRA.TO Purpose Diversified Real Asset Fund | 26.15% | 18.21% | 8.78% | 2.07% | 15.88% | 23.55% | 5.06% | 5.66% |
XCNS.TO iShares Core Conservative Balanced ETF Portfolio | 5.39% | 10.46% | 11.73% | 10.67% | -11.25% | 5.93% | 10.28% | 3.19% |
Correlation
The correlation between PRA.TO and XCNS.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019 | 0.29 |
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Return for Risk
PRA.TO vs. XCNS.TO — Risk / Return Rank
PRA.TO
XCNS.TO
PRA.TO vs. XCNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Diversified Real Asset Fund (PRA.TO) and iShares Core Conservative Balanced ETF Portfolio (XCNS.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 | XCNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.32 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.32 | 2.39 | +3.93 |
| Martin ratioReturn relative to average drawdown | 20.55 | 9.30 | +11.25 |
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Drawdowns
PRA.TO vs. XCNS.TO - Drawdown Comparison
The maximum PRA.TO drawdown since its inception was -34.17%, which is greater than XCNS.TO's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for PRA.TO and XCNS.TO.
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Drawdown Indicators
| PRA.TO | XCNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -17.46% | -16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -4.86% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -6.40% | -7.07% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -16.09% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -32.26% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.50% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -3.44% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.25% | +0.63% |
Volatility
PRA.TO vs. XCNS.TO - Volatility Comparison
Purpose Diversified Real Asset Fund (PRA.TO) has a higher volatility of 2.76% compared to iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) at 1.70%. This indicates that PRA.TO's price experiences larger fluctuations and is considered to be riskier than XCNS.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 | XCNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 1.70% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 5.94% | +3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 6.96% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.59% | 6.94% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 7.76% | +6.69% |
PRA.TO vs. XCNS.TO - Expense Ratio Comparison
PRA.TO has a 0.73% expense ratio, which is higher than XCNS.TO's 0.20% expense ratio.
Dividends
PRA.TO vs. XCNS.TO - Dividend Comparison
PRA.TO's dividend yield for the trailing twelve months is around 2.07%, less than XCNS.TO's 2.61% 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% |
XCNS.TO iShares Core Conservative Balanced ETF Portfolio | 2.61% | 2.54% | 2.58% | 2.49% | 2.26% | 1.81% | 2.15% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRA.TO and XCNS.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCNS.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCNS.TO is cheaper with a 0.20% expense ratio, compared with 0.73% for PRA.TO.
They also come from different issuers: Purpose Investments Inc. and iShares. Their fees differ too: 0.73% for PRA.TO and 0.20% for XCNS.TO.
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