SOLL.TO vs. PMM.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and PMM.TO (Purpose Multi-Strategy Market Neutral Fund) are both exchange-traded funds - SOLL.TO is a Cryptocurrency fund actively managed by Purpose Investments, while PMM.TO is a Long-Short fund actively managed by Purpose Investments. Both are actively managed. Over the past year, SOLL.TO returned -56.21% vs 17.19% for PMM.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
SOLL.TO vs. PMM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SOLL.TO achieves a -42.41% return, which is significantly lower than PMM.TO's 5.69% return.
SOLL.TO
- 1D
- -4.68%
- 1M
- -14.73%
- YTD
- -42.41%
- 6M
- -50.32%
- 1Y
- -56.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMM.TO
- 1D
- -0.54%
- 1M
- 3.07%
- YTD
- 5.69%
- 6M
- 3.53%
- 1Y
- 17.19%
- 3Y*
- 11.58%
- 5Y*
- 7.10%
- 10Y*
- 3.51%
SOLL.TO vs. PMM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -42.41% | -7.64% |
PMM.TO Purpose Multi-Strategy Market Neutral Fund | 5.69% | 16.73% |
Correlation
The correlation between SOLL.TO and PMM.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025 | 0.19 |
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Return for Risk
SOLL.TO vs. PMM.TO — Risk / Return Rank
SOLL.TO
PMM.TO
SOLL.TO vs. PMM.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 Multi-Strategy Market Neutral Fund (PMM.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 | PMM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.34 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 5.03 | -5.81 |
| Martin ratioReturn relative to average drawdown | -1.24 | 13.86 | -15.10 |
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
| SOLL.TO | PMM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | 1.86 | -2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.30 | -0.91 |
Drawdowns
SOLL.TO vs. PMM.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -71.52%, which is greater than PMM.TO's maximum drawdown of -23.50%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and PMM.TO.
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Drawdown Indicators
| SOLL.TO | PMM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.52% | -23.50% | -48.02% |
Max Drawdown (1Y)Largest decline over 1 year | -71.52% | -3.50% | -68.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.50% | — |
Current DrawdownCurrent decline from peak | -71.52% | -0.54% | -70.98% |
Average DrawdownAverage peak-to-trough decline | -34.60% | -7.97% | -26.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.19% | 1.26% | +43.93% |
Volatility
SOLL.TO vs. PMM.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 16.48% compared to Purpose Multi-Strategy Market Neutral Fund (PMM.TO) at 2.01%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than PMM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOLL.TO | PMM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 2.01% | +14.47% |
Volatility (6M)Calculated over the trailing 6-month period | 50.24% | 6.27% | +43.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.62% | 9.45% | +63.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.16% | 9.76% | +61.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.16% | 10.13% | +61.03% |
Dividends
SOLL.TO vs. PMM.TO - Dividend Comparison
Neither SOLL.TO nor PMM.TO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PMM.TO Purpose Multi-Strategy Market Neutral Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 2.44% |
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% |
Frequently Asked Questions
SOLL.TO and PMM.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOLL.TO is categorized as Cryptocurrency, while PMM.TO is Long-Short.
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