XFLI.TO vs. SYLD.TO
XFLI.TO (iShares Flexible Monthly Income ETF CAD) and SYLD.TO (Purpose Strategic Yield Fund) are both High Yield Bonds funds. Both are actively managed. Over the past year, XFLI.TO returned 7.23% vs 9.54% for SYLD.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
XFLI.TO vs. SYLD.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XFLI.TO achieves a 3.13% return, which is significantly lower than SYLD.TO's 3.38% return.
XFLI.TO
- 1D
- 0.10%
- 1M
- -1.53%
- 6M
- 2.95%
- YTD
- 3.13%
- 1Y
- 7.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.32%
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%
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 |
XFLI.TO vs. SYLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XFLI.TO iShares Flexible Monthly Income ETF CAD | 3.13% | 2.07% | 6.23% |
SYLD.TO Purpose Strategic Yield Fund | 3.38% | 10.15% | 2.58% |
Correlation
The correlation between XFLI.TO and SYLD.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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XFLI.TO vs. SYLD.TO — Risk / Return Rank
XFLI.TO
SYLD.TO
XFLI.TO vs. SYLD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Monthly Income ETF CAD (XFLI.TO) and Purpose Strategic Yield Fund (SYLD.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.
| XFLI.TO | SYLD.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 | 1.26 | 1.60 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 6.91 | -5.16 |
| Martin ratioReturn relative to average drawdown | 3.69 | 27.25 | -23.56 |
Loading charts...
Drawdowns
XFLI.TO vs. SYLD.TO - Drawdown Comparison
The maximum XFLI.TO drawdown since its inception was -6.92%, smaller than the maximum SYLD.TO drawdown of -32.17%. Use the drawdown chart below to compare losses from any high point for XFLI.TO and SYLD.TO.
Loading charts...
Drawdown Indicators
| XFLI.TO | SYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.92% | -32.17% | +25.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.15% | -1.39% | -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 | -2.13% | -0.25% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.56% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.35% | +1.61% |
Volatility
XFLI.TO vs. SYLD.TO - Volatility Comparison
iShares Flexible Monthly Income ETF CAD (XFLI.TO) has a higher volatility of 1.06% compared to Purpose Strategic Yield Fund (SYLD.TO) at 0.61%. This indicates that XFLI.TO's price experiences larger fluctuations and is considered to be riskier than SYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XFLI.TO | SYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.61% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 1.98% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 3.43% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 4.49% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 10.06% | -3.75% |
Dividends
XFLI.TO vs. SYLD.TO - Dividend Comparison
XFLI.TO's dividend yield for the trailing twelve months is around 5.45%, less than SYLD.TO's 5.82% 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
XFLI.TO and SYLD.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: iShares and Purpose Investments Inc..
Find the right allocation for XFLI.TO and SYLD.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer