SYLD.TO vs. XFLI.TO
SYLD.TO (Purpose Strategic Yield Fund) and XFLI.TO (iShares Flexible Monthly Income ETF CAD) are both High Yield Bonds funds. Both are actively managed. Over the past year, SYLD.TO returned 9.54% vs 7.23% for XFLI.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
SYLD.TO vs. XFLI.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 XFLI.TO's 3.13% 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%
XFLI.TO
- 1D
- 0.10%
- 1M
- -1.53%
- 6M
- 2.95%
- YTD
- 3.13%
- 1Y
- 7.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
SYLD.TO Purpose Strategic Yield Fund | CA$51.46K | CA$69.71K | CA$109.09K |
| CA$99.87K | CA$131.75K | CA$126.08K |
SYLD.TO vs. XFLI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SYLD.TO Purpose Strategic Yield Fund | 3.38% | 10.15% | 2.58% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 3.13% | 2.07% | 6.23% |
Correlation
The correlation between SYLD.TO and XFLI.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024 | 0.17 |
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Return for Risk
SYLD.TO vs. XFLI.TO — Risk / Return Rank
SYLD.TO
XFLI.TO
SYLD.TO vs. XFLI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Strategic Yield Fund (SYLD.TO) and iShares Flexible Monthly Income ETF CAD (XFLI.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 | XFLI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.26 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | 1.75 | +5.16 |
| Martin ratioReturn relative to average drawdown | 27.25 | 3.69 | +23.56 |
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Drawdowns
SYLD.TO vs. XFLI.TO - Drawdown Comparison
The maximum SYLD.TO drawdown since its inception was -32.17%, which is greater than XFLI.TO's maximum drawdown of -6.92%. Use the drawdown chart below to compare losses from any high point for SYLD.TO and XFLI.TO.
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Drawdown Indicators
| SYLD.TO | XFLI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.17% | -6.92% | -25.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -4.15% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -2.13% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -2.05% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 1.96% | -1.61% |
Volatility
SYLD.TO vs. XFLI.TO - Volatility Comparison
The current volatility for Purpose Strategic Yield Fund (SYLD.TO) is 0.61%, while iShares Flexible Monthly Income ETF CAD (XFLI.TO) has a volatility of 1.06%. This indicates that SYLD.TO experiences smaller price fluctuations and is considered to be less risky than XFLI.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 | XFLI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.06% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 4.24% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 5.59% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 6.31% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.06% | 6.31% | +3.75% |
Dividends
SYLD.TO vs. XFLI.TO - Dividend Comparison
SYLD.TO's dividend yield for the trailing twelve months is around 5.82%, more than XFLI.TO's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SYLD.TO Purpose Strategic Yield Fund | 5.82% | 5.85% | 6.07% | 6.45% | 6.46% | 5.56% | 5.91% | 6.13% | 4.70% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 5.45% | 5.69% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYLD.TO and XFLI.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Purpose Investments Inc. and iShares.
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