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SYLD.TO vs. VAB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SYLD.TO vs. VAB.TO

Last updated Jun 5, 2026

SYLD.TO (Purpose Strategic Yield Fund) and VAB.TO (Vanguard Canadian Aggregate Bond Index ETF) are both exchange-traded funds - SYLD.TO is a fund fund, while VAB.TO is a Canadian Government Bonds fund tracking the Bloomberg Global Aggregate Canadian Float Adjusted Bond Index. Over the past 5 years, SYLD.TO returned 5.26%/yr vs 0.65%/yr for VAB.TO. At a 0.07 correlation, their price movements are largely independent.

Performance

SYLD.TO vs. VAB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Strategic Yield Fund (SYLD.TO) and Vanguard Canadian Aggregate Bond Index ETF (VAB.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SYLD.TO achieves a 3.24% return, which is significantly higher than VAB.TO's 1.60% return.

SYLD.TO

1D
-0.10%
1M
1.04%
YTD
3.24%
6M
2.91%
1Y
12.09%
3Y*
10.64%
5Y*
5.26%
10Y*
—

VAB.TO

1D
-0.04%
1M
1.55%
YTD
1.60%
6M
1.06%
1Y
2.83%
3Y*
4.18%
5Y*
0.65%
10Y*
1.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SYLD.TO vs. VAB.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SYLD.TO
Purpose Strategic Yield Fund		3.24%10.15%13.23%6.84%-8.63%12.53%10.72%8.65%-3.45%
VAB.TO
Vanguard Canadian Aggregate Bond Index ETF		1.60%2.28%3.98%6.90%-11.86%-2.88%8.26%6.77%1.73%

Correlation

The correlation between SYLD.TO and VAB.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Apr 10, 2018

0.07

Compare stocks, funds, or ETFs

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

Purpose Strategic Yield Fund

Vanguard Canadian Aggregate Bond Index ETF

Often compared with SYLD.TO:
SYLD.TO vs. VOOSYLD.TO vs. CROP.TOSYLD.TO vs. ZCM.TOSYLD.TO vs. ZWU.TOSYLD.TO vs. PAYF.TOSYLD.TO vs. MNY.TOSYLD.TO vs. HYLD.TO
Often compared with VAB.TO:
VAB.TO vs. ZAG.TOVAB.TO vs. XBB.TOVAB.TO vs. XCB.TOVAB.TO vs. VFV.TOVAB.TO vs. VSB.TOVAB.TO vs. VEQT.TOVAB.TO vs. TLT

Return for Risk

SYLD.TO vs. VAB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SYLD.TO
SYLD.TO Risk / Return Rank: 9595
Overall Rank
SYLD.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
SYLD.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
SYLD.TO Omega Ratio Rank: 9494
Omega Ratio Rank
SYLD.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
SYLD.TO Martin Ratio Rank: 9696
Martin Ratio Rank
VAB.TO
VAB.TO Risk / Return Rank: 2020
Overall Rank
VAB.TO Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
VAB.TO Sortino Ratio Rank: 1818
Sortino Ratio Rank
VAB.TO Omega Ratio Rank: 1919
Omega Ratio Rank
VAB.TO Calmar Ratio Rank: 2323
Calmar Ratio Rank
VAB.TO Martin Ratio Rank: 2121
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.

SYLD.TO vs. VAB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Strategic Yield Fund (SYLD.TO) and Vanguard Canadian Aggregate Bond Index ETF (VAB.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.

SYLD.TOVAB.TODifference
Sharpe ratioReturn per unit of total volatility
3.28
0.65

+2.63

Sortino ratioReturn per unit of downside risk
5.35
0.89

+4.45

Omega ratioGain probability vs. loss probability

1.69

1.11

+0.58

Calmar ratioReturn relative to maximum drawdown

9.11

1.00

+8.11

Martin ratioReturn relative to average drawdown

34.88

2.37

+32.51

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SYLD.TO vs. VAB.TO - Sharpe Ratio Comparison

The current SYLD.TO Sharpe Ratio is 3.28, which is higher than the VAB.TO Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of SYLD.TO and VAB.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.

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Sharpe Ratios by Period

SYLD.TOVAB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.28

0.65

+2.63

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.30

0.10

+1.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.24

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

0.39

+0.36

Drawdowns

SYLD.TO vs. VAB.TO - Drawdown Comparison

The maximum SYLD.TO drawdown since its inception was -32.00%, which is greater than VAB.TO's maximum drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for SYLD.TO and VAB.TO.

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Drawdown Indicators

SYLD.TOVAB.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.00%

-18.39%

-13.61%

Max Drawdown (1Y)

Largest decline over 1 year

-1.39%

-2.83%

+1.44%

Max Drawdown (3Y)

Largest decline over 3 years

-3.40%

-5.31%

+1.91%

Max Drawdown (5Y)

Largest decline over 5 years

-9.48%

-15.82%

+6.34%

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.39%

—

Current Drawdown

Current decline from peak

-0.10%

-1.94%

+1.84%

Average Drawdown

Average peak-to-trough decline

-2.62%

-4.11%

+1.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.36%

1.20%

-0.84%

Volatility

SYLD.TO vs. VAB.TO - Volatility Comparison

The current volatility for Purpose Strategic Yield Fund (SYLD.TO) is 0.87%, while Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) has a volatility of 1.59%. This indicates that SYLD.TO experiences smaller price fluctuations and is considered to be less risky than VAB.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.TOVAB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.87%

1.59%

-0.72%

Volatility (6M)

Calculated over the trailing 6-month period

2.00%

3.45%

-1.45%

Volatility (1Y)

Calculated over the trailing 1-year period

3.86%

4.38%

-0.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.68%

6.58%

-1.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.95%

6.48%

+5.47%

Dividends

SYLD.TO vs. VAB.TO - Dividend Comparison

SYLD.TO's dividend yield for the trailing twelve months is around 5.80%, more than VAB.TO's 3.32% yield.

PositionTTM20252024202320222021202020192018201720162015
SYLD.TO
Purpose Strategic Yield Fund		5.80%5.85%6.07%6.45%6.46%5.56%5.91%6.13%4.70%0.00%0.00%0.00%
VAB.TO
Vanguard Canadian Aggregate Bond Index ETF		3.32%3.33%3.19%2.95%2.87%2.48%2.50%2.65%2.79%2.77%2.75%2.78%

Frequently Asked Questions

SYLD.TO and VAB.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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