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

PRA.TO vs. XIC.TO

Last updated Jun 4, 2026

PRA.TO (Purpose Diversified Real Asset Fund) and XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) are both exchange-traded funds - PRA.TO is a fund fund, while XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. Over the past 10 years, PRA.TO returned 10.80%/yr vs 12.48%/yr for XIC.TO. At a 0.37 correlation, their price movements are largely independent.

Performance

PRA.TO vs. XIC.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 S&P/TSX Capped Composite Index ETF (XIC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PRA.TO achieves a 24.32% return, which is significantly higher than XIC.TO's 10.75% return. Over the past 10 years, PRA.TO has underperformed XIC.TO with an annualized return of 10.80%, while XIC.TO has yielded a comparatively higher 12.48% annualized return.

PRA.TO

1D
0.37%
1M
0.83%
YTD
24.32%
6M
24.16%
1Y
42.26%
3Y*
19.55%
5Y*
15.00%
10Y*
10.80%

XIC.TO

1D
-1.05%
1M
3.59%
YTD
10.75%
6M
12.90%
1Y
34.79%
3Y*
23.62%
5Y*
14.60%
10Y*
12.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
PRA.TO
Purpose Diversified Real Asset Fund		24.32%18.21%8.78%2.07%15.88%23.55%5.06%14.16%-7.41%3.51%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		10.75%31.51%21.48%11.73%-5.82%23.42%5.61%22.76%-8.72%8.99%

Correlation

The correlation between PRA.TO and XIC.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.48

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (10Y)
Calculated over the trailing 10-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2013

0.37

The correlation between PRA.TO and XIC.TO shifts across timeframes, from 0.37 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.

PRA.TO vs. XIC.TO - Sectors Allocation Comparison

Sectors
PRA.TO
XIC.TO

Basic Materials

35.8%
17.2%

Energy

20.4%
18.1%

Utilities

16.7%
2.9%

Real Estate

15.4%
1.5%

Consumer Defensive

10.8%
2.9%

Industrials

1.0%
10.0%

Communication Services

-

1.8%

Consumer Cyclical

-

3.7%

Financial Services

-

34.0%

Healthcare

-

0.1%

Technology

-

6.7%

Basic Materials

PRA.TO
35.8%
XIC.TO
17.2%

Energy

PRA.TO
20.4%
XIC.TO
18.1%

Utilities

PRA.TO
16.7%
XIC.TO
2.9%

Real Estate

PRA.TO
15.4%
XIC.TO
1.5%

Consumer Defensive

PRA.TO
10.8%
XIC.TO
2.9%

Industrials

PRA.TO
1.0%
XIC.TO
10.0%

Communication Services

PRA.TO

-

XIC.TO
1.8%

Consumer Cyclical

PRA.TO

-

XIC.TO
3.7%

Financial Services

PRA.TO

-

XIC.TO
34.0%

Healthcare

PRA.TO

-

XIC.TO
0.1%

Technology

PRA.TO

-

XIC.TO
6.7%

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Purpose Diversified Real Asset Fund

iShares Core S&P/TSX Capped Composite Index ETF

Often compared with PRA.TO:
PRA.TO vs. XBAL.TOPRA.TO vs. CMDYPRA.TO vs. XEQT.TOPRA.TO vs. PFMN.TOPRA.TO vs. VDY.TOPRA.TO vs. PMM.TOPRA.TO vs. PZRMX
Often compared with XIC.TO:
XIC.TO vs. XIU.TOXIC.TO vs. VDY.TOXIC.TO vs. ZCN.TOXIC.TO vs. VCE.TOXIC.TO vs. XEF.TOXIC.TO vs. VEQT.TOXIC.TO vs. VO

Return for Risk

PRA.TO vs. XIC.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: 9494
Overall Rank
PRA.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PRA.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
PRA.TO Omega Ratio Rank: 9191
Omega Ratio Rank
PRA.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
PRA.TO Martin Ratio Rank: 9696
Martin Ratio Rank
XIC.TO
XIC.TO Risk / Return Rank: 8080
Overall Rank
XIC.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 8181
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 8383
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. XIC.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 S&P/TSX Capped Composite Index ETF (XIC.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.TOXIC.TODifference
Sharpe ratioReturn per unit of total volatility
3.43
2.76

+0.67

Sortino ratioReturn per unit of downside risk
4.58
3.57

+1.02

Omega ratioGain probability vs. loss probability

1.61

1.50

+0.11

Calmar ratioReturn relative to maximum drawdown

13.02

3.76

+9.25

Martin ratioReturn relative to average drawdown

36.59

17.44

+19.16

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. XIC.TO - Sharpe Ratio Comparison

The current PRA.TO Sharpe Ratio is 3.43, which is comparable to the XIC.TO Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of PRA.TO and XIC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PRA.TOXIC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.43

2.76

+0.67

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

1.12

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.84

-0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.54

+0.01

Drawdowns

PRA.TO vs. XIC.TO - Drawdown Comparison

The maximum PRA.TO drawdown since its inception was -34.43%, smaller than the maximum XIC.TO drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for PRA.TO and XIC.TO.

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Drawdown Indicators

PRA.TOXIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.43%

-48.21%

+13.78%

Max Drawdown (1Y)

Largest decline over 1 year

-3.26%

-9.29%

+6.03%

Max Drawdown (3Y)

Largest decline over 3 years

-13.47%

-12.27%

-1.20%

Max Drawdown (5Y)

Largest decline over 5 years

-19.37%

-16.24%

-3.13%

Max Drawdown (10Y)

Largest decline over 10 years

-32.26%

-37.21%

+4.95%

Current Drawdown

Current decline from peak

-1.78%

-1.05%

-0.73%

Average Drawdown

Average peak-to-trough decline

-7.71%

-7.04%

-0.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.16%

2.00%

-0.84%

Volatility

PRA.TO vs. XIC.TO - Volatility Comparison

Purpose Diversified Real Asset Fund (PRA.TO) has a higher volatility of 3.79% compared to iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) at 3.48%. This indicates that PRA.TO's price experiences larger fluctuations and is considered to be riskier than XIC.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.TOXIC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

3.48%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

9.45%

10.33%

-0.88%

Volatility (1Y)

Calculated over the trailing 1-year period

12.40%

12.67%

-0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.47%

13.13%

+0.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.41%

14.96%

-0.55%

Dividends

PRA.TO vs. XIC.TO - Dividend Comparison

PRA.TO's dividend yield for the trailing twelve months is around 2.09%, more than XIC.TO's 2.02% yield.

PositionTTM20252024202320222021202020192018201720162015
PRA.TO
Purpose Diversified Real Asset Fund		2.09%3.23%2.95%3.12%1.93%1.25%1.52%1.57%1.77%1.55%1.64%2.09%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.02%2.23%2.64%2.95%3.10%2.44%3.03%3.01%3.19%2.49%2.72%3.21%

Frequently Asked Questions

PRA.TO and XIC.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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