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PRA.TO vs. XEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PRA.TO vs. XEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Purpose Diversified Real Asset Fund (PRA.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).

PRA.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.

Performance

PRA.TO vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Diversified Real Asset Fund (PRA.TO) and iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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PRA.TO vs. XEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PRA.TO
Purpose Diversified Real Asset Fund		23.39%18.21%8.78%2.07%15.88%23.55%5.06%5.32%
XEQT.TO
iShares Core Equity ETF Portfolio		1.51%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Returns By Period

In the year-to-date period, PRA.TO achieves a 23.39% return, which is significantly higher than XEQT.TO's 1.51% return.

PRA.TO

1D
-0.05%
1M
2.97%
YTD
23.39%
6M
27.47%
1Y
35.59%
3Y*
17.29%
5Y*
16.74%
10Y*
11.41%

XEQT.TO

1D
0.85%
1M
-3.50%
YTD
1.51%
6M
2.89%
1Y
21.17%
3Y*
18.44%
5Y*
11.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Purpose Diversified Real Asset Fund

iShares Core Equity ETF Portfolio

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Often compared with XEQT.TO:
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PRA.TO vs. XEQT.TO - Expense Ratio Comparison

XEQT.TO
iShares Core Equity ETF Portfolio

Return for Risk

PRA.TO vs. XEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRA.TO
PRA.TO Risk / Return Rank: 9191
Overall Rank
PRA.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
PRA.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
PRA.TO Omega Ratio Rank: 9494
Omega Ratio Rank
PRA.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
PRA.TO Martin Ratio Rank: 8989
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 7272
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7474
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7373
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.

PRA.TO vs. XEQT.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 Equity ETF Portfolio (XEQT.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.

PRA.TOXEQT.TODifference

Sharpe ratio

Return per unit of total volatility

2.46

1.33

+1.13

Sortino ratio

Return per unit of downside risk

3.04

1.85

+1.19

Omega ratio

Gain probability vs. loss probability

1.46

1.29

+0.17

Calmar ratio

Return relative to maximum drawdown

2.70

1.79

+0.91

Martin ratio

Return relative to average drawdown

12.49

7.98

+4.52

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

PRA.TO vs. XEQT.TO - Sharpe Ratio Comparison

The current PRA.TO Sharpe Ratio is 2.46, which is higher than the XEQT.TO Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of PRA.TO and XEQT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PRA.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

1.33

+1.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.25

0.93

+0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.86

-0.31

Correlation

The correlation between PRA.TO and XEQT.TO is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PRA.TO vs. XEQT.TO - Dividend Comparison

PRA.TO's dividend yield for the trailing twelve months is around 2.10%, more than XEQT.TO's 1.64% yield.

TTM20252024202320222021202020192018201720162015
PRA.TO
Purpose Diversified Real Asset Fund		2.10%3.23%2.95%3.12%1.93%1.25%1.52%1.57%1.77%1.55%1.64%2.09%
XEQT.TO
iShares Core Equity ETF Portfolio		1.64%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%0.00%0.00%

Drawdowns

PRA.TO vs. XEQT.TO - Drawdown Comparison

The maximum PRA.TO drawdown since its inception was -34.43%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for PRA.TO and XEQT.TO.

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Drawdown Indicators

PRA.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.43%

-29.74%

-4.69%

Max Drawdown (1Y)

Largest decline over 1 year

-13.17%

-11.78%

-1.39%

Max Drawdown (5Y)

Largest decline over 5 years

-19.37%

-19.56%

+0.19%

Max Drawdown (10Y)

Largest decline over 10 years

-32.26%

—

—

Current Drawdown

Current decline from peak

-0.05%

-4.27%

+4.22%

Average Drawdown

Average peak-to-trough decline

-7.80%

-4.20%

-3.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

2.64%

+0.20%

Volatility

PRA.TO vs. XEQT.TO - Volatility Comparison

The current volatility for Purpose Diversified Real Asset Fund (PRA.TO) is 3.66%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 5.77%. This indicates that PRA.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.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.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.66%

5.77%

-2.11%

Volatility (6M)

Calculated over the trailing 6-month period

10.13%

9.49%

+0.64%

Volatility (1Y)

Calculated over the trailing 1-year period

14.53%

15.99%

-1.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.46%

13.03%

+0.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.42%

15.63%

-1.21%