PSA.TO vs. SYLD.TO
PSA.TO (Purpose High Interest Savings Fund) and SYLD.TO (Purpose Strategic Yield Fund) are both exchange-traded funds - PSA.TO is a Money Market fund actively managed by Purpose, while SYLD.TO is a High Yield Bonds fund actively managed by Purpose. Both are actively managed. Over the past 5 years, PSA.TO returned 3.23%/yr vs 4.98%/yr for SYLD.TO. Their -0.02 correlation means they have often moved in opposite directions in the past. PSA.TO charges 0.17%/yr vs 0.95%/yr for SYLD.TO.
Performance
PSA.TO vs. SYLD.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 SYLD.TO's 3.26% 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%
SYLD.TO
- 1D
- -0.05%
- 1M
- -0.17%
- 6M
- 2.30%
- YTD
- 3.26%
- 1Y
- 9.15%
- 3Y*
- 10.18%
- 5Y*
- 4.98%
- 10Y*
- —
- ALL TIME*
- 6.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$5.09M | CA$4.76M | CA$5.03M | |
SYLD.TO Purpose Strategic Yield Fund | CA$49.80K | CA$53.52K | CA$104.61K |
PSA.TO vs. SYLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PSA.TO Purpose High Interest Savings Fund | 1.27% | 2.64% | 4.55% | 5.13% | 2.32% | 0.61% | 0.93% | 2.22% | 1.30% |
SYLD.TO Purpose Strategic Yield Fund | 3.26% | 10.15% | 13.23% | 6.84% | -8.64% | 12.53% | 10.72% | 8.65% | -3.02% |
Correlation
The correlation between PSA.TO and SYLD.TO is -0.03, 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. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | -0.02 |
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Return for Risk
PSA.TO vs. SYLD.TO — Risk / Return Rank
PSA.TO
SYLD.TO
PSA.TO vs. SYLD.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 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.
| PSA.TO | SYLD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.93 | ||
| Sortino ratioReturn per unit of downside risk | +19.74 | ||
| Omega ratioGain probability vs. loss probability | 5.98 | 1.54 | +4.44 |
| Calmar ratioReturn relative to maximum drawdown | 116.94 | 6.22 | +110.72 |
| Martin ratioReturn relative to average drawdown | 370.70 | 24.49 | +346.20 |
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Drawdowns
PSA.TO vs. SYLD.TO - Drawdown Comparison
The maximum PSA.TO drawdown since its inception was -0.04%, smaller than the maximum SYLD.TO drawdown of -32.17%. Use the drawdown chart below to compare losses from any high point for PSA.TO and SYLD.TO.
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Drawdown Indicators
| PSA.TO | SYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -32.17% | +32.13% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -1.39% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -0.02% | -3.40% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -0.04% | -9.48% | +9.44% |
Max Drawdown (10Y)Largest decline over 10 years | -0.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.37% | +0.37% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -2.56% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.35% | -0.34% |
Volatility
PSA.TO vs. SYLD.TO - Volatility Comparison
The current volatility for Purpose High Interest Savings Fund (PSA.TO) is 0.06%, while Purpose Strategic Yield Fund (SYLD.TO) has a volatility of 0.60%. This indicates that PSA.TO experiences smaller price fluctuations and is considered to be less risky 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
| PSA.TO | SYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.60% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 1.95% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 3.30% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.29% | 4.48% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.25% | 10.05% | -9.80% |
PSA.TO vs. SYLD.TO - Expense Ratio Comparison
PSA.TO has a 0.17% expense ratio, which is lower than SYLD.TO's 0.95% expense ratio.
Dividends
PSA.TO vs. SYLD.TO - Dividend Comparison
PSA.TO's dividend yield for the trailing twelve months is around 2.26%, less than SYLD.TO's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SYLD.TO Purpose Strategic Yield Fund | 5.86% | 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
PSA.TO and SYLD.TO have a correlation of -0.03, 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 0.95% for SYLD.TO.
PSA.TO is categorized as Money Market, while SYLD.TO is High Yield Bonds. Their fees differ too: 0.17% for PSA.TO and 0.95% for SYLD.TO.
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