SYLD.TO vs. XSI.TO
SYLD.TO (Purpose Strategic Yield Fund) and XSI.TO (iShares Short Term Strategic Fixed Income ETF) are both High Yield Bonds funds. SYLD.TO is actively managed, while XSI.TO is passively managed. Over the past 5 years, SYLD.TO returned 4.88%/yr vs 1.38%/yr for XSI.TO. At a 0.14 correlation, their price movements are largely independent. SYLD.TO charges 0.95%/yr vs 0.55%/yr for XSI.TO.
Performance
SYLD.TO vs. XSI.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 XSI.TO's 0.07% 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%
XSI.TO
- 1D
- 0.06%
- 1M
- -0.62%
- 6M
- -0.11%
- YTD
- 0.07%
- 1Y
- 2.25%
- 3Y*
- 4.54%
- 5Y*
- 1.38%
- 10Y*
- 2.08%
- ALL TIME*
- 1.94%
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$5.84K | CA$7.14K | CA$32.26K |
SYLD.TO vs. XSI.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% | -3.02% |
XSI.TO iShares Short Term Strategic Fixed Income ETF | 0.07% | 3.82% | 5.36% | 7.51% | -8.90% | 0.59% | 3.70% | 7.09% | -0.32% |
Correlation
The correlation between SYLD.TO and XSI.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.14 |
The correlation between SYLD.TO and XSI.TO shifts across timeframes, from 0.14 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SYLD.TO vs. XSI.TO — Risk / Return Rank
SYLD.TO
XSI.TO
SYLD.TO vs. XSI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Strategic Yield Fund (SYLD.TO) and iShares Short Term Strategic Fixed Income ETF (XSI.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 | XSI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.85 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.12 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | 0.93 | +5.98 |
| Martin ratioReturn relative to average drawdown | 27.25 | 2.78 | +24.47 |
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Drawdowns
SYLD.TO vs. XSI.TO - Drawdown Comparison
The maximum SYLD.TO drawdown since its inception was -32.17%, which is greater than XSI.TO's maximum drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for SYLD.TO and XSI.TO.
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Drawdown Indicators
| SYLD.TO | XSI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.17% | -18.53% | -13.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -2.42% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -2.84% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -12.03% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.53% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.18% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -2.23% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.81% | -0.46% |
Volatility
SYLD.TO vs. XSI.TO - Volatility Comparison
The current volatility for Purpose Strategic Yield Fund (SYLD.TO) is 0.61%, while iShares Short Term Strategic Fixed Income ETF (XSI.TO) has a volatility of 0.74%. This indicates that SYLD.TO experiences smaller price fluctuations and is considered to be less risky than XSI.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 | XSI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.74% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 2.83% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.58% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 4.30% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.06% | 5.81% | +4.25% |
SYLD.TO vs. XSI.TO - Expense Ratio Comparison
SYLD.TO has a 0.95% expense ratio, which is higher than XSI.TO's 0.55% expense ratio.
Dividends
SYLD.TO vs. XSI.TO - Dividend Comparison
SYLD.TO's dividend yield for the trailing twelve months is around 5.82%, more than XSI.TO's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYLD.TO Purpose Strategic Yield Fund | 5.82% | 5.85% | 6.07% | 6.45% | 6.46% | 5.56% | 5.91% | 6.13% | 4.70% | 0.00% | 0.00% | 0.00% |
XSI.TO iShares Short Term Strategic Fixed Income ETF | 4.40% | 4.42% | 4.43% | 4.28% | 3.49% | 2.88% | 3.04% | 3.41% | 3.31% | 3.22% | 3.30% | 3.60% |
Frequently Asked Questions
SYLD.TO and XSI.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSI.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSI.TO is cheaper with a 0.55% expense ratio, compared with 0.95% for SYLD.TO.
They also come from different issuers: Purpose Investments Inc. and iShares. Their fees differ too: 0.95% for SYLD.TO and 0.55% for XSI.TO.
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