SOLL.TO vs. PDIV.TO

Last updated Jun 5, 2026

SOLL.TO (Purpose Solana ETF Currency Hedged Units) and PDIV.TO (Purpose Enhanced Dividend Fund ETF) are both exchange-traded funds - SOLL.TO is a Cryptocurrency fund actively managed by Purpose Investments, while PDIV.TO is a Dividend fund actively managed by Purpose Investments. Both are actively managed. Over the past year, SOLL.TO returned -56.74% vs 19.54% for PDIV.TO. At a 0.23 correlation, their price movements are largely independent. SOLL.TO charges 1.00%/yr vs 0.77%/yr for PDIV.TO.

Performance

SOLL.TO vs. PDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Solana ETF Currency Hedged Units (SOLL.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLL.TO achieves a -44.92% return, which is significantly lower than PDIV.TO's 7.79% return.

SOLL.TO

• 1D: -4.36%
• 1M: -20.42%
• YTD: -44.92%
• 6M: -51.48%
• 1Y: -56.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PDIV.TO

• 1D: 0.62%
• 1M: 3.01%
• YTD: 7.79%
• 6M: 8.18%
• 1Y: 19.54%
• 3Y*: 12.10%
• 5Y*: 8.21%
• 10Y*: 9.31%

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

SOLL.TO vs. PDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SOLL.TO Purpose Solana ETF Currency Hedged Units	-44.92%	-7.64%
PDIV.TO Purpose Enhanced Dividend Fund ETF	7.79%	17.50%

Correlation

The correlation between SOLL.TO and PDIV.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025	0.23

Return for Risk

SOLL.TO vs. PDIV.TO — Risk / Return Rank

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

SOLL.TO

SOLL.TO Risk / Return Rank: 3
SOLL.TO Sharpe Ratio Rank: 3
SOLL.TO Sortino Ratio Rank: 3
SOLL.TO Omega Ratio Rank: 3
SOLL.TO Calmar Ratio Rank: 2
SOLL.TO Martin Ratio Rank: 3

PDIV.TO

PDIV.TO Risk / Return Rank: 85
PDIV.TO Sharpe Ratio Rank: 87
PDIV.TO Sortino Ratio Rank: 89
PDIV.TO Omega Ratio Rank: 91
PDIV.TO Calmar Ratio Rank: 76
PDIV.TO Martin Ratio Rank: 83

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.

SOLL.TO vs. PDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Solana ETF Currency Hedged Units (SOLL.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.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.

	SOLL.TO	PDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	2.88	-3.66
Sortino ratio: Return per unit of downside risk	-1.11	4.00	-5.11
Omega ratio: Gain probability vs. loss probability	0.88	1.58	-0.70
Calmar ratio: Return relative to maximum drawdown	-0.78	3.76	-4.54
Martin ratio: Return relative to average drawdown	-1.25	16.60	-17.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLL.TO vs. PDIV.TO - Sharpe Ratio Comparison

The current SOLL.TO Sharpe Ratio is -0.78, which is lower than the PDIV.TO Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of SOLL.TO and PDIV.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

	SOLL.TO	PDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	2.88	-3.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.64	0.62	-1.26

Drawdowns

SOLL.TO vs. PDIV.TO - Drawdown Comparison

The maximum SOLL.TO drawdown since its inception was -72.76%, which is greater than PDIV.TO's maximum drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and PDIV.TO.

Drawdown Indicators

	SOLL.TO	PDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-72.76%	-30.64%	-42.12%
Max Drawdown (1Y) Largest decline over 1 year	-72.76%	-5.22%	-67.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.64%	—
Current Drawdown Current decline from peak	-72.76%	-0.65%	-72.11%
Average Drawdown Average peak-to-trough decline	-34.73%	-4.35%	-30.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.42%	1.18%	+44.24%

Volatility

SOLL.TO vs. PDIV.TO - Volatility Comparison

Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 16.52% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 2.47%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than PDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLL.TO	PDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	2.47%	+14.05%
Volatility (6M) Calculated over the trailing 6-month period	49.07%	5.39%	+43.68%
Volatility (1Y) Calculated over the trailing 1-year period	72.56%	6.82%	+65.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.15%	9.87%	+61.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.15%	13.89%	+57.26%

SOLL.TO vs. PDIV.TO - Expense Ratio Comparison

SOLL.TO has a 1.00% expense ratio, which is higher than PDIV.TO's 0.77% expense ratio.

Dividends

SOLL.TO vs. PDIV.TO - Dividend Comparison

SOLL.TO has not paid dividends to shareholders, while PDIV.TO's dividend yield for the trailing twelve months is around 11.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDIV.TO Purpose Enhanced Dividend Fund ETF	11.78%	12.24%	12.35%	11.84%	6.38%	5.59%	6.33%	5.85%	6.80%	25.71%	5.38%	8.10%
SOLL.TO Purpose Solana ETF Currency Hedged Units	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOLL.TO and PDIV.TO in my portfolio?

SOLL.TO and PDIV.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLL.TO or PDIV.TO?

On fees, PDIV.TO is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOLL.TO or PDIV.TO?

PDIV.TO is cheaper with a 0.77% expense ratio, compared with 1.00% for SOLL.TO.

What is the main difference between SOLL.TO and PDIV.TO?

SOLL.TO is categorized as Cryptocurrency, while PDIV.TO is Dividend. Their fees differ too: 1.00% for SOLL.TO and 0.77% for PDIV.TO.