SYLD.TO vs. IGB.TO
SYLD.TO (Purpose Strategic Yield Fund) and IGB.TO (Purpose Global Bond Class) are both exchange-traded funds - SYLD.TO is a High Yield Bonds fund actively managed by Purpose Investments Inc., while IGB.TO is a Global Bonds fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 5 years, SYLD.TO returned 4.88%/yr vs 2.38%/yr for IGB.TO. At a 0.10 correlation, their price movements are largely independent. SYLD.TO charges 0.95%/yr vs 0.55%/yr for IGB.TO.
Performance
SYLD.TO vs. IGB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SYLD.TO achieves a 3.38% return, which is significantly higher than IGB.TO's -0.32% return.
SYLD.TO
- 1D
- -0.10%
- 1M
- 0.03%
- 6M
- 2.66%
- YTD
- 3.38%
- 1Y
- 9.54%
- 3Y*
- 10.24%
- 5Y*
- 4.88%
- 10Y*
- —
- ALL TIME*
- 6.24%
IGB.TO
- 1D
- 0.00%
- 1M
- -1.48%
- 6M
- -0.65%
- YTD
- -0.32%
- 1Y
- 1.77%
- 3Y*
- 5.79%
- 5Y*
- 2.38%
- 10Y*
- —
- ALL TIME*
- 2.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$95.58K | CA$158.59K | CA$295.38K | |
SYLD.TO Purpose Strategic Yield Fund | CA$51.46K | CA$69.71K | CA$109.09K |
SYLD.TO vs. IGB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SYLD.TO Purpose Strategic Yield Fund | 3.38% | 10.15% | 13.23% | 6.84% | -8.64% | 12.53% | 10.72% | 8.65% | -4.93% |
IGB.TO Purpose Global Bond Class | -0.32% | 6.05% | 7.47% | 7.40% | -7.68% | 2.50% | 6.12% | 3.21% | -1.63% |
Correlation
The correlation between SYLD.TO and IGB.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.10 |
The correlation between SYLD.TO and IGB.TO shifts across timeframes, from 0.10 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SYLD.TO vs. IGB.TO — Risk / Return Rank
SYLD.TO
IGB.TO
SYLD.TO vs. IGB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Strategic Yield Fund (SYLD.TO) and Purpose Global Bond Class (IGB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYLD.TO | IGB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.83 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.12 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | 0.62 | +6.29 |
| Martin ratioReturn relative to average drawdown | 27.25 | 2.16 | +25.08 |
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Drawdowns
SYLD.TO vs. IGB.TO - Drawdown Comparison
The maximum SYLD.TO drawdown since its inception was -32.17%, which is greater than IGB.TO's maximum drawdown of -16.40%. Use the drawdown chart below to compare losses from any high point for SYLD.TO and IGB.TO.
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Drawdown Indicators
| SYLD.TO | IGB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.17% | -16.40% | -15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -2.86% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -4.28% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -12.34% | +2.86% |
Current DrawdownCurrent decline from peak | -0.25% | -1.60% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -2.37% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.82% | -0.47% |
Volatility
SYLD.TO vs. IGB.TO - Volatility Comparison
The current volatility for Purpose Strategic Yield Fund (SYLD.TO) is 0.61%, while Purpose Global Bond Class (IGB.TO) has a volatility of 0.73%. This indicates that SYLD.TO experiences smaller price fluctuations and is considered to be less risky than IGB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYLD.TO | IGB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.73% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 2.37% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 2.81% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 4.79% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.06% | 5.75% | +4.31% |
SYLD.TO vs. IGB.TO - Expense Ratio Comparison
SYLD.TO has a 0.95% expense ratio, which is higher than IGB.TO's 0.55% expense ratio.
Dividends
SYLD.TO vs. IGB.TO - Dividend Comparison
SYLD.TO's dividend yield for the trailing twelve months is around 5.82%, more than IGB.TO's 4.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IGB.TO Purpose Global Bond Class | 4.86% | 5.18% | 5.23% | 4.58% | 4.14% | 3.67% | 3.48% | 2.86% | 1.58% |
SYLD.TO Purpose Strategic Yield Fund | 5.82% | 5.85% | 6.07% | 6.45% | 6.46% | 5.56% | 5.91% | 6.13% | 4.70% |
Frequently Asked Questions
SYLD.TO and IGB.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGB.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGB.TO is cheaper with a 0.55% expense ratio, compared with 0.95% for SYLD.TO.
SYLD.TO is categorized as High Yield Bonds, while IGB.TO is Global Bonds. Their fees differ too: 0.95% for SYLD.TO and 0.55% for IGB.TO.
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