PSA.TO vs. VEE.TO

Last updated Jun 24, 2026

PSA.TO (Purpose High Interest Savings Fund) and VEE.TO (Vanguard FTSE Emerging Markets All Cap Index ETF) are both exchange-traded funds - PSA.TO is a Money Market fund actively managed by Purpose Investments, while VEE.TO is a Emerging Markets Equities fund tracking the FTSE Emerging Markets All Cap China A Inclusion Index. PSA.TO is actively managed, while VEE.TO is passively managed. Over the past 10 years, PSA.TO returned 2.26%/yr vs 9.30%/yr for VEE.TO. At a 0.02 correlation, their price movements are largely independent. PSA.TO charges 0.17%/yr vs 0.25%/yr for VEE.TO.

Performance

PSA.TO vs. VEE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose High Interest Savings Fund (PSA.TO) and Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSA.TO achieves a 1.01% return, which is significantly lower than VEE.TO's 14.29% return. Over the past 10 years, PSA.TO has underperformed VEE.TO with an annualized return of 2.26%, while VEE.TO has yielded a comparatively higher 9.30% annualized return.

PSA.TO

• 1D: 0.00%
• 1M: 0.15%
• YTD: 1.01%
• 6M: 1.06%
• 1Y: 2.34%
• 3Y*: 3.66%
• 5Y*: 3.19%
• 10Y*: 2.26%

VEE.TO

• 1D: -2.71%
• 1M: 3.73%
• YTD: 14.29%
• 6M: 14.83%
• 1Y: 30.69%
• 3Y*: 19.62%
• 5Y*: 7.45%
• 10Y*: 9.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSA.TO vs. VEE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSA.TO Purpose High Interest Savings Fund	1.01%	2.64%	4.55%	5.13%	2.32%	0.61%	0.93%	2.22%	1.65%	1.08%
VEE.TO Vanguard FTSE Emerging Markets All Cap Index ETF	14.29%	19.32%	19.06%	6.24%	-12.79%	0.06%	12.32%	14.32%	-7.93%	22.60%

Correlation

The correlation between PSA.TO and VEE.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Oct 15, 2013	0.02

Return for Risk

PSA.TO vs. VEE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSA.TO

PSA.TO Risk / Return Rank: 99
PSA.TO Sharpe Ratio Rank: 99
PSA.TO Sortino Ratio Rank: 99
PSA.TO Omega Ratio Rank: 99
PSA.TO Calmar Ratio Rank: 100
PSA.TO Martin Ratio Rank: 100

VEE.TO

VEE.TO Risk / Return Rank: 60
VEE.TO Sharpe Ratio Rank: 59
VEE.TO Sortino Ratio Rank: 57
VEE.TO Omega Ratio Rank: 61
VEE.TO Calmar Ratio Rank: 61
VEE.TO Martin Ratio Rank: 60

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.

PSA.TO vs. VEE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose High Interest Savings Fund (PSA.TO) and Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.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	VEE.TO	Difference
Sharpe ratio: Return per unit of total volatility	9.50	1.89	+7.61
Sortino ratio: Return per unit of downside risk	23.63	2.61	+21.03
Omega ratio: Gain probability vs. loss probability	5.81	1.36	+4.46
Calmar ratio: Return relative to maximum drawdown	117.26	2.87	+114.39
Martin ratio: Return relative to average drawdown	357.78	10.24	+347.53

PSA.TO vs. VEE.TO - Sharpe Ratio Comparison

The current PSA.TO Sharpe Ratio is 9.50, which is higher than the VEE.TO Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of PSA.TO and VEE.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.

Drawdowns

PSA.TO vs. VEE.TO - Drawdown Comparison

The maximum PSA.TO drawdown since its inception was -0.04%, smaller than the maximum VEE.TO drawdown of -29.84%. Use the drawdown chart below to compare losses from any high point for PSA.TO and VEE.TO.

Drawdown Indicators

	PSA.TO	VEE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-29.84%	+29.80%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-10.74%	+10.72%
Max Drawdown (3Y) Largest decline over 3 years	-0.02%	-14.97%	+14.95%
Max Drawdown (5Y) Largest decline over 5 years	-0.04%	-26.10%	+26.06%
Max Drawdown (10Y) Largest decline over 10 years	-0.04%	-29.84%	+29.80%
Current Drawdown Current decline from peak	0.00%	-2.71%	+2.71%
Average Drawdown Average peak-to-trough decline	-0.00%	-8.70%	+8.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	3.00%	-2.99%

Volatility

PSA.TO vs. VEE.TO - Volatility Comparison

The current volatility for Purpose High Interest Savings Fund (PSA.TO) is 0.05%, while Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) has a volatility of 6.87%. This indicates that PSA.TO experiences smaller price fluctuations and is considered to be less risky than VEE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSA.TO	VEE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	6.87%	-6.82%
Volatility (6M) Calculated over the trailing 6-month period	0.17%	14.15%	-13.98%
Volatility (1Y) Calculated over the trailing 1-year period	0.25%	16.32%	-16.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.29%	15.52%	-15.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.25%	17.00%	-16.75%

PSA.TO vs. VEE.TO - Expense Ratio Comparison

PSA.TO has a 0.17% expense ratio, which is lower than VEE.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PSA.TO vs. VEE.TO - Dividend Comparison

PSA.TO's dividend yield for the trailing twelve months is around 2.33%, more than VEE.TO's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSA.TO Purpose High Interest Savings Fund	2.33%	2.61%	4.46%	5.05%	2.26%	0.59%	0.94%	2.18%	1.66%	1.07%	0.99%	1.07%
VEE.TO Vanguard FTSE Emerging Markets All Cap Index ETF	1.82%	2.26%	2.45%	2.83%	3.35%	2.18%	1.62%	2.71%	2.24%	1.93%	2.01%	2.53%

Frequently Asked Questions

Can I hold both PSA.TO and VEE.TO in my portfolio?

PSA.TO and VEE.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSA.TO or VEE.TO?

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.

Which ETF is cheaper, PSA.TO or VEE.TO?

PSA.TO is cheaper with a 0.17% expense ratio, compared with 0.25% for VEE.TO.

What is the main difference between PSA.TO and VEE.TO?

PSA.TO is categorized as Money Market, while VEE.TO is Emerging Markets Equities. They also come from different issuers: Purpose Investments and Vanguard. Their fees differ too: 0.17% for PSA.TO and 0.25% for VEE.TO.