PYF.TO vs. BASE.TO

Last updated Jun 5, 2026

PYF.TO (Purpose Premium Yield Fund Series ETF) and BASE.TO (Evolve Global Materials & Mining Enhanced Yield Index ETF) are both exchange-traded funds - PYF.TO is a Diversified Portfolio fund actively managed by Purpose Investments, while BASE.TO is a Materials fund tracking the Solactive Materials & Mining. PYF.TO is actively managed, while BASE.TO is passively managed. Over the past 5 years, PYF.TO returned 6.03%/yr vs 8.87%/yr for BASE.TO. At a 0.27 correlation, their price movements are largely independent.

Performance

PYF.TO vs. BASE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Premium Yield Fund Series ETF (PYF.TO) and Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PYF.TO achieves a 1.34% return, which is significantly lower than BASE.TO's 29.50% return.

PYF.TO

• 1D: 0.18%
• 1M: 0.85%
• YTD: 1.34%
• 6M: 1.52%
• 1Y: 2.58%
• 3Y*: 6.55%
• 5Y*: 6.03%
• 10Y*: 4.65%

BASE.TO

• 1D: -0.19%
• 1M: 4.60%
• YTD: 29.50%
• 6M: 33.06%
• 1Y: 58.57%
• 3Y*: 18.04%
• 5Y*: 8.87%
• 10Y*: —

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

PYF.TO vs. BASE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PYF.TO Purpose Premium Yield Fund Series ETF	1.34%	5.45%	7.42%	8.40%	5.25%	4.95%	-1.59%	3.86%
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF	29.50%	30.33%	-13.56%	17.50%	-4.63%	20.04%	31.07%	5.87%

Correlation

The correlation between PYF.TO and BASE.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.27

The correlation between PYF.TO and BASE.TO shifts across timeframes, from 0.16 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

PYF.TO vs. BASE.TO - Sectors Allocation Comparison

Sectors	PYF.TO	BASE.TO
Technology	23.1%	-
Consumer Cyclical	21.8%	-
Financial Services	17.0%	-
Healthcare	14.5%	-
Consumer Defensive	11.9%	-
Energy	3.8%	-
Industrials	3.1%	9.6%
Communication Services	2.6%	-
Basic Materials	2.2%	90.4%
Utilities	0.0%	-
Real Estate	0.0%	-

Return for Risk

PYF.TO vs. BASE.TO — Risk / Return Rank

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

PYF.TO

PYF.TO Risk / Return Rank: 24
PYF.TO Sharpe Ratio Rank: 24
PYF.TO Sortino Ratio Rank: 22
PYF.TO Omega Ratio Rank: 24
PYF.TO Calmar Ratio Rank: 26
PYF.TO Martin Ratio Rank: 25

BASE.TO

BASE.TO Risk / Return Rank: 78
BASE.TO Sharpe Ratio Rank: 83
BASE.TO Sortino Ratio Rank: 75
BASE.TO Omega Ratio Rank: 75
BASE.TO Calmar Ratio Rank: 76
BASE.TO Martin Ratio Rank: 82

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.

PYF.TO vs. BASE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Premium Yield Fund Series ETF (PYF.TO) and Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.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.

	PYF.TO	BASE.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.64	-1.81
Sortino ratio: Return per unit of downside risk	1.17	3.32	-2.15
Omega ratio: Gain probability vs. loss probability	1.16	1.44	-0.28
Calmar ratio: Return relative to maximum drawdown	1.23	3.76	-2.53
Martin ratio: Return relative to average drawdown	3.30	16.05	-12.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PYF.TO vs. BASE.TO - Sharpe Ratio Comparison

The current PYF.TO Sharpe Ratio is 0.83, which is lower than the BASE.TO Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of PYF.TO and BASE.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.

Sharpe Ratios by Period

	PYF.TO	BASE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	2.64	-1.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	0.39	+0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.59	+0.12

Drawdowns

PYF.TO vs. BASE.TO - Drawdown Comparison

The maximum PYF.TO drawdown since its inception was -20.53%, smaller than the maximum BASE.TO drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for PYF.TO and BASE.TO.

Drawdown Indicators

	PYF.TO	BASE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-20.53%	-33.43%	+12.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.11%	-15.68%	+13.57%
Max Drawdown (3Y) Largest decline over 3 years	-5.57%	-24.11%	+18.54%
Max Drawdown (5Y) Largest decline over 5 years	-5.57%	-33.43%	+27.86%
Max Drawdown (10Y) Largest decline over 10 years	-20.53%	—	—
Current Drawdown Current decline from peak	-0.24%	-1.17%	+0.93%
Average Drawdown Average peak-to-trough decline	-0.98%	-9.31%	+8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	3.66%	-2.87%

Volatility

PYF.TO vs. BASE.TO - Volatility Comparison

The current volatility for Purpose Premium Yield Fund Series ETF (PYF.TO) is 1.19%, while Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO) has a volatility of 7.38%. This indicates that PYF.TO experiences smaller price fluctuations and is considered to be less risky than BASE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYF.TO	BASE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	7.38%	-6.19%
Volatility (6M) Calculated over the trailing 6-month period	2.30%	17.53%	-15.23%
Volatility (1Y) Calculated over the trailing 1-year period	3.12%	22.27%	-19.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.19%	23.01%	-17.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.66%	26.37%	-19.71%

Dividends

PYF.TO vs. BASE.TO - Dividend Comparison

PYF.TO's dividend yield for the trailing twelve months is around 7.34%, less than BASE.TO's 7.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF	7.86%	9.55%	11.20%	8.80%	8.96%	5.95%	4.67%	2.88%	0.00%	0.00%	0.00%
PYF.TO Purpose Premium Yield Fund Series ETF	7.34%	7.84%	7.66%	7.47%	5.78%	5.74%	5.69%	5.29%	5.38%	5.83%	6.59%

Frequently Asked Questions

Can I hold both PYF.TO and BASE.TO in my portfolio?

PYF.TO and BASE.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between PYF.TO and BASE.TO?

PYF.TO is categorized as Diversified Portfolio, while BASE.TO is Materials. They also come from different issuers: Purpose Investments and Evolve.