PSA.TO vs. XMA.TO
PSA.TO (Purpose High Interest Savings Fund) and XMA.TO (iShares S&P/TSX Capped Materials Index ETF) are both exchange-traded funds - PSA.TO is a Money Market fund actively managed by Purpose Investments, while XMA.TO is a Materials fund tracking the S&P/TSX Capped Materials TR. PSA.TO is actively managed, while XMA.TO is passively managed. Over the past 10 years, PSA.TO returned 2.26%/yr vs 13.48%/yr for XMA.TO. At a 0.02 correlation, their price movements are largely independent. PSA.TO charges 0.17%/yr vs 0.60%/yr for XMA.TO.
Performance
PSA.TO vs. XMA.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PSA.TO achieves a 0.97% return, which is significantly lower than XMA.TO's 1.98% return. Over the past 10 years, PSA.TO has underperformed XMA.TO with an annualized return of 2.26%, while XMA.TO has yielded a comparatively higher 13.48% annualized return.
PSA.TO
- 1D
- 0.02%
- 1M
- 0.19%
- YTD
- 0.97%
- 6M
- 1.10%
- 1Y
- 2.34%
- 3Y*
- 3.71%
- 5Y*
- 3.18%
- 10Y*
- 2.26%
XMA.TO
- 1D
- 3.03%
- 1M
- -10.24%
- YTD
- 1.98%
- 6M
- 3.38%
- 1Y
- 53.64%
- 3Y*
- 33.28%
- 5Y*
- 18.78%
- 10Y*
- 13.48%
PSA.TO vs. XMA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSA.TO Purpose High Interest Savings Fund | 0.97% | 2.64% | 4.55% | 5.13% | 2.32% | 0.61% | 0.93% | 2.22% | 1.65% | 1.08% |
XMA.TO iShares S&P/TSX Capped Materials Index ETF | 1.98% | 99.21% | 20.72% | -2.04% | 1.35% | 3.32% | 19.73% | 24.64% | -10.44% | 7.12% |
Correlation
The correlation between PSA.TO and XMA.TO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2013 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PSA.TO vs. XMA.TO — Risk / Return Rank
PSA.TO
XMA.TO
PSA.TO vs. XMA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose High Interest Savings Fund (PSA.TO) and iShares S&P/TSX Capped Materials Index ETF (XMA.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 | XMA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.21 | ||
| Sortino ratioReturn per unit of downside risk | +22.73 | ||
| Omega ratioGain probability vs. loss probability | 6.11 | 1.27 | +4.84 |
| Calmar ratioReturn relative to maximum drawdown | 119.32 | 1.97 | +117.34 |
| Martin ratioReturn relative to average drawdown | 370.97 | 5.39 | +365.58 |
Loading charts...
Drawdowns
PSA.TO vs. XMA.TO - Drawdown Comparison
The maximum PSA.TO drawdown since its inception was -0.04%, smaller than the maximum XMA.TO drawdown of -64.42%. Use the drawdown chart below to compare losses from any high point for PSA.TO and XMA.TO.
Loading charts...
Drawdown Indicators
| PSA.TO | XMA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -64.42% | +64.38% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -28.51% | +28.49% |
Max Drawdown (3Y)Largest decline over 3 years | -0.02% | -28.51% | +28.49% |
Max Drawdown (5Y)Largest decline over 5 years | -0.04% | -33.06% | +33.02% |
Max Drawdown (10Y)Largest decline over 10 years | -0.04% | -33.06% | +33.02% |
Current DrawdownCurrent decline from peak | 0.00% | -23.00% | +23.00% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -27.07% | +27.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 10.41% | -10.40% |
Volatility
PSA.TO vs. XMA.TO - Volatility Comparison
The current volatility for Purpose High Interest Savings Fund (PSA.TO) is 0.06%, while iShares S&P/TSX Capped Materials Index ETF (XMA.TO) has a volatility of 15.41%. This indicates that PSA.TO experiences smaller price fluctuations and is considered to be less risky than XMA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PSA.TO | XMA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 15.41% | -15.35% |
Volatility (6M)Calculated over the trailing 6-month period | 0.17% | 32.63% | -32.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 38.59% | -38.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.29% | 27.96% | -27.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.25% | 26.78% | -26.53% |
PSA.TO vs. XMA.TO - Expense Ratio Comparison
PSA.TO has a 0.17% expense ratio, which is lower than XMA.TO's 0.60% expense ratio.
Dividends
PSA.TO vs. XMA.TO - Dividend Comparison
PSA.TO's dividend yield for the trailing twelve months is around 2.33%, more than XMA.TO's 0.39% 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% |
XMA.TO iShares S&P/TSX Capped Materials Index ETF | 0.39% | 0.41% | 0.83% | 1.26% | 1.24% | 0.87% | 0.63% | 0.64% | 0.75% | 0.47% | 0.82% | 1.87% |
Frequently Asked Questions
PSA.TO and XMA.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 0.60% for XMA.TO.
PSA.TO is categorized as Money Market, while XMA.TO is Materials. They also come from different issuers: Purpose Investments and iShares. Their fees differ too: 0.17% for PSA.TO and 0.60% for XMA.TO.
Find the right allocation for PSA.TO and XMA.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer