PSA.TO vs. PRA.TO
PSA.TO (Purpose High Interest Savings Fund) and PRA.TO (Purpose Diversified Real Asset Fund) are both exchange-traded funds - PSA.TO is a Money Market fund actively managed by Purpose, while PRA.TO is a Diversified Portfolio fund actively managed by Purpose. Both are actively managed. Over the past 10 years, PSA.TO returned 2.27%/yr vs 10.34%/yr for PRA.TO. Their -0.01 correlation means they have often moved in opposite directions in the past. PSA.TO charges 0.17%/yr vs 0.73%/yr for PRA.TO.
Performance
PSA.TO vs. PRA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PSA.TO achieves a 1.27% return, which is significantly lower than PRA.TO's 24.59% return. Over the past 10 years, PSA.TO has underperformed PRA.TO with an annualized return of 2.27%, while PRA.TO has yielded a comparatively higher 10.34% annualized return.
PSA.TO
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 1.09%
- YTD
- 1.27%
- 1Y
- 2.27%
- 3Y*
- 3.57%
- 5Y*
- 3.23%
- 10Y*
- 2.27%
- ALL TIME*
- 2.03%
PRA.TO
- 1D
- -0.50%
- 1M
- 2.59%
- 6M
- 14.52%
- YTD
- 24.59%
- 1Y
- 38.92%
- 3Y*
- 17.34%
- 5Y*
- 15.33%
- 10Y*
- 10.34%
- ALL TIME*
- 7.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$299.91K | CA$380.88K | CA$470.71K | |
| CA$5.09M | CA$4.76M | CA$5.03M |
PSA.TO vs. PRA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSA.TO Purpose High Interest Savings Fund | 1.27% | 2.64% | 4.55% | 5.13% | 2.32% | 0.61% | 0.93% | 2.22% | 1.65% | 1.08% |
PRA.TO Purpose Diversified Real Asset Fund | 24.59% | 18.21% | 8.78% | 2.07% | 15.88% | 23.55% | 5.06% | 14.16% | -7.41% | 3.93% |
Correlation
The correlation between PSA.TO and PRA.TO is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2013 | -0.01 |
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Return for Risk
PSA.TO vs. PRA.TO — Risk / Return Rank
PSA.TO
PRA.TO
PSA.TO vs. PRA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose High Interest Savings Fund (PSA.TO) and Purpose Diversified Real Asset Fund (PRA.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.
| PSA.TO | PRA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.55 | ||
| Sortino ratioReturn per unit of downside risk | +20.02 | ||
| Omega ratioGain probability vs. loss probability | 5.98 | 1.52 | +4.47 |
| Calmar ratioReturn relative to maximum drawdown | 116.94 | 6.15 | +110.79 |
| Martin ratioReturn relative to average drawdown | 370.70 | 20.11 | +350.58 |
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Drawdowns
PSA.TO vs. PRA.TO - Drawdown Comparison
The maximum PSA.TO drawdown since its inception was -0.04%, smaller than the maximum PRA.TO drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for PSA.TO and PRA.TO.
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Drawdown Indicators
| PSA.TO | PRA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -34.17% | +34.13% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -6.13% | +6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -0.02% | -13.47% | +13.45% |
Max Drawdown (5Y)Largest decline over 5 years | -0.04% | -19.37% | +19.33% |
Max Drawdown (10Y)Largest decline over 10 years | -0.04% | -32.26% | +32.22% |
Current DrawdownCurrent decline from peak | 0.00% | -1.57% | +1.57% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -7.56% | +7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.87% | -1.86% |
Volatility
PSA.TO vs. PRA.TO - Volatility Comparison
The current volatility for Purpose High Interest Savings Fund (PSA.TO) is 0.06%, while Purpose Diversified Real Asset Fund (PRA.TO) has a volatility of 2.87%. This indicates that PSA.TO experiences smaller price fluctuations and is considered to be less risky than PRA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSA.TO | PRA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 2.87% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 8.95% | -8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 12.64% | -12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.29% | 13.59% | -13.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.25% | 14.45% | -14.20% |
PSA.TO vs. PRA.TO - Expense Ratio Comparison
PSA.TO has a 0.17% expense ratio, which is lower than PRA.TO's 0.73% expense ratio.
Dividends
PSA.TO vs. PRA.TO - Dividend Comparison
PSA.TO's dividend yield for the trailing twelve months is around 2.26%, more than PRA.TO's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 1.93% | 1.64% | 2.09% |
PSA.TO Purpose High Interest Savings Fund | 2.26% | 2.61% | 4.46% | 5.05% | 2.26% | 0.59% | 0.94% | 2.18% | 1.66% | 1.07% | 0.99% | 1.07% |
Frequently Asked Questions
PSA.TO and PRA.TO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSA.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSA.TO is cheaper with a 0.17% expense ratio, compared with 0.73% for PRA.TO.
PSA.TO is categorized as Money Market, while PRA.TO is Diversified Portfolio. Their fees differ too: 0.17% for PSA.TO and 0.73% for PRA.TO.
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