PYF.TO vs. HBAL.TO
Compare and contrast key facts about Purpose Premium Yield Fund Series ETF (PYF.TO) and Global X Balanced Asset Allocation ETF (HBAL.TO).
PYF.TO and HBAL.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. HBAL.TO is an actively managed fund by Global X. It was launched on Aug 1, 2018.
Performance
PYF.TO vs. HBAL.TO - Performance Comparison
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PYF.TO vs. HBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PYF.TO Purpose Premium Yield Fund Series ETF | -0.23% | 5.45% | 7.42% | 8.40% | 5.25% | 4.95% | -1.59% | 7.28% | -1.76% |
HBAL.TO Global X Balanced Asset Allocation ETF | -1.33% | 13.57% | 16.65% | 15.57% | -17.70% | 14.70% | 15.50% | 20.42% | -7.40% |
Returns By Period
In the year-to-date period, PYF.TO achieves a -0.23% return, which is significantly higher than HBAL.TO's -1.33% 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%
HBAL.TO
- 1D
- 0.94%
- 1M
- -4.40%
- YTD
- -1.33%
- 6M
- 0.70%
- 1Y
- 10.97%
- 3Y*
- 12.18%
- 5Y*
- 6.75%
- 10Y*
- —
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PYF.TO vs. HBAL.TO - Expense Ratio Comparison
Return for Risk
PYF.TO vs. HBAL.TO — Risk / Return Rank
PYF.TO
HBAL.TO
PYF.TO vs. HBAL.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 Global X Balanced Asset Allocation ETF (HBAL.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 | HBAL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 1.15 | -0.71 |
Sortino ratioReturn per unit of downside risk | 0.75 | 1.60 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.57 | -1.17 |
Martin ratioReturn relative to average drawdown | 2.26 | 6.41 | -4.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PYF.TO | HBAL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 1.15 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.65 | +0.49 |
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 | 0.68 | +0.01 |
Correlation
The correlation between PYF.TO and HBAL.TO is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PYF.TO vs. HBAL.TO - Dividend Comparison
PYF.TO's dividend yield for the trailing twelve months is around 7.62%, more than HBAL.TO's 2.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HBAL.TO Global X Balanced Asset Allocation ETF | 2.24% | 2.41% | 2.28% | 1.08% | 0.02% | 0.06% | 0.04% | 0.19% | 0.00% | 0.00% | 0.00% |
Drawdowns
PYF.TO vs. HBAL.TO - Drawdown Comparison
The maximum PYF.TO drawdown since its inception was -20.53%, smaller than the maximum HBAL.TO drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for PYF.TO and HBAL.TO.
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Drawdown Indicators
| PYF.TO | HBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.53% | -22.49% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.13% | -7.26% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -5.57% | -22.11% | +16.54% |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | — | — |
Current DrawdownCurrent decline from peak | -0.98% | -4.80% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -4.61% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.78% | -0.85% |
Volatility
PYF.TO vs. HBAL.TO - Volatility Comparison
The current volatility for Purpose Premium Yield Fund Series ETF (PYF.TO) is 0.88%, while Global X Balanced Asset Allocation ETF (HBAL.TO) has a volatility of 3.85%. This indicates that PYF.TO experiences smaller price fluctuations and is considered to be less risky than HBAL.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.TO | HBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 3.85% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 6.04% | -3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 9.58% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 10.46% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 12.18% | -5.52% |