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PYF.TO vs. CEQT.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PYF.TO vs. CEQT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Purpose Premium Yield Fund Series ETF (PYF.TO) and CI Equity Asset Allocation ETF (CEQT.TO).

PYF.TO and CEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYF.TO is an actively managed fund by Purpose Investments. It was launched on Nov 28, 2018. CEQT.TO is an actively managed fund by CI. It was launched on May 17, 2023.

Performance

PYF.TO vs. CEQT.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 CI Equity Asset Allocation ETF (CEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023
PYF.TO
Purpose Premium Yield Fund Series ETF		-0.23%5.45%7.42%5.80%
CEQT.TO
CI Equity Asset Allocation ETF		-1.84%18.84%27.38%6.47%

Returns By Period

In the year-to-date period, PYF.TO achieves a -0.23% return, which is significantly higher than CEQT.TO's -1.84% return.

PYF.TO

1D
0.30%
1M
0.30%
YTD
-0.23%
6M
-0.41%
1Y
2.80%
3Y*
6.23%
5Y*
5.87%
10Y*
4.48%

CEQT.TO

1D
-0.49%
1M
-6.66%
YTD
-1.84%
6M
1.25%
1Y
18.86%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Purpose Premium Yield Fund Series ETF

CI Equity Asset Allocation ETF

Often compared with PYF.TO:
PYF.TO vs. BTCC-B.TOPYF.TO vs. MGRW.TOPYF.TO vs. ZCON.TOPYF.TO vs. ZESG.TOPYF.TO vs. CSBG.NEOPYF.TO vs. TCON.TOPYF.TO vs. HBAL.TO
Often compared with CEQT.TO:
CEQT.TO vs. ZEQT.TOCEQT.TO vs. CCOM.TOCEQT.TO vs. CSBG.NEOCEQT.TO vs. TEQT.TOCEQT.TO vs. FEQT.NEOCEQT.TO vs. MIX.TOCEQT.TO vs. VXM-B.TO

PYF.TO vs. CEQT.TO - Expense Ratio Comparison

CEQT.TO
CI Equity Asset Allocation ETF

Return for Risk

PYF.TO vs. CEQT.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: 2525
Overall Rank
PYF.TO Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
PYF.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
PYF.TO Omega Ratio Rank: 3131
Omega Ratio Rank
PYF.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
PYF.TO Martin Ratio Rank: 2727
Martin Ratio Rank
CEQT.TO
CEQT.TO Risk / Return Rank: 5959
Overall Rank
CEQT.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
CEQT.TO Sortino Ratio Rank: 5555
Sortino Ratio Rank
CEQT.TO Omega Ratio Rank: 8888
Omega Ratio Rank
CEQT.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
CEQT.TO Martin Ratio Rank: 5656
Martin Ratio Rank
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. CEQT.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 CI Equity Asset Allocation ETF (CEQT.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.TOCEQT.TODifference

Sharpe ratio

Return per unit of total volatility

0.45

0.98

-0.53

Sortino ratio

Return per unit of downside risk

0.75

1.46

-0.71

Omega ratio

Gain probability vs. loss probability

1.13

1.36

-0.23

Calmar ratio

Return relative to maximum drawdown

0.41

1.19

-0.78

Martin ratio

Return relative to average drawdown

2.26

5.56

-3.29

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. CEQT.TO - Sharpe Ratio Comparison

The current PYF.TO Sharpe Ratio is 0.45, which is lower than the CEQT.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of PYF.TO and CEQT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PYF.TOCEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.45

0.98

-0.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.14

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

1.35

-0.66

Correlation

The correlation between PYF.TO and CEQT.TO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PYF.TO vs. CEQT.TO - Dividend Comparison

PYF.TO's dividend yield for the trailing twelve months is around 7.62%, more than CEQT.TO's 1.04% yield.

TTM2025202420232022202120202019201820172016
PYF.TO
Purpose Premium Yield Fund Series ETF		7.62%7.84%7.66%7.47%5.78%5.74%5.69%5.29%5.38%5.83%6.59%
CEQT.TO
CI Equity Asset Allocation ETF		1.04%1.25%1.82%1.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PYF.TO vs. CEQT.TO - Drawdown Comparison

The maximum PYF.TO drawdown since its inception was -20.53%, which is greater than CEQT.TO's maximum drawdown of -14.02%. Use the drawdown chart below to compare losses from any high point for PYF.TO and CEQT.TO.

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Drawdown Indicators

PYF.TOCEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-20.53%

-14.02%

-6.51%

Max Drawdown (1Y)

Largest decline over 1 year

-5.13%

-11.49%

+6.36%

Max Drawdown (5Y)

Largest decline over 5 years

-5.57%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-20.53%

—

—

Current Drawdown

Current decline from peak

-0.98%

-7.26%

+6.28%

Average Drawdown

Average peak-to-trough decline

-0.99%

-1.20%

+0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.93%

2.90%

-1.97%

Volatility

PYF.TO vs. CEQT.TO - Volatility Comparison

The current volatility for Purpose Premium Yield Fund Series ETF (PYF.TO) is 0.88%, while CI Equity Asset Allocation ETF (CEQT.TO) has a volatility of 3.60%. This indicates that PYF.TO experiences smaller price fluctuations and is considered to be less risky than CEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PYF.TOCEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.88%

3.60%

-2.72%

Volatility (6M)

Calculated over the trailing 6-month period

2.20%

7.69%

-5.49%

Volatility (1Y)

Calculated over the trailing 1-year period

6.35%

16.53%

-10.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.17%

12.94%

-7.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.66%

12.94%

-6.28%