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XTLH.TO vs. PRA.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XTLH.TO vs. PRA.TO

Last updated Jun 4, 2026

XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) and PRA.TO (Purpose Diversified Real Asset Fund) are both exchange-traded funds - XTLH.TO is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged), while PRA.TO is a fund fund. Over the past 3 years, XTLH.TO returned -3.65%/yr vs 19.55%/yr for PRA.TO. At a 0.06 correlation, their price movements are largely independent.

Performance

XTLH.TO vs. PRA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) and Purpose Diversified Real Asset Fund (PRA.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, XTLH.TO achieves a -1.03% return, which is significantly lower than PRA.TO's 24.32% return.

XTLH.TO

1D
-0.42%
1M
0.65%
YTD
-1.03%
6M
-2.78%
1Y
3.13%
3Y*
-3.65%
5Y*
—
10Y*
—

PRA.TO

1D
0.37%
1M
0.83%
YTD
24.32%
6M
24.16%
1Y
42.26%
3Y*
19.55%
5Y*
15.00%
10Y*
10.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XTLH.TO vs. PRA.TO - Yearly Performance Comparison

2026 (YTD)202520242023
XTLH.TO
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)		-1.03%2.61%-9.55%1.56%
PRA.TO
Purpose Diversified Real Asset Fund		24.32%18.21%8.78%-0.02%

Correlation

The correlation between XTLH.TO and PRA.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.05

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

0.08

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2023

0.06

Compare stocks, funds, or ETFs

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iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)

Purpose Diversified Real Asset Fund

Often compared with XTLH.TO:
XTLH.TO vs. XTLT.TOXTLH.TO vs. TLTXTLH.TO vs. TLHXTLH.TO vs. XIG.TOXTLH.TO vs. VSBSXXTLH.TO vs. TSLAXTLH.TO vs. XBB.TO
Often compared with PRA.TO:
PRA.TO vs. XBAL.TOPRA.TO vs. CMDYPRA.TO vs. XEQT.TOPRA.TO vs. PFMN.TOPRA.TO vs. VDY.TOPRA.TO vs. XIC.TOPRA.TO vs. PMM.TO

Return for Risk

XTLH.TO vs. PRA.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XTLH.TO
XTLH.TO Risk / Return Rank: 1313
Overall Rank
XTLH.TO Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
XTLH.TO Sortino Ratio Rank: 1212
Sortino Ratio Rank
XTLH.TO Omega Ratio Rank: 1212
Omega Ratio Rank
XTLH.TO Calmar Ratio Rank: 1313
Calmar Ratio Rank
XTLH.TO Martin Ratio Rank: 1313
Martin Ratio Rank
PRA.TO
PRA.TO Risk / Return Rank: 9494
Overall Rank
PRA.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PRA.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
PRA.TO Omega Ratio Rank: 9191
Omega Ratio Rank
PRA.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
PRA.TO Martin Ratio Rank: 9696
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.

XTLH.TO vs. PRA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) and Purpose Diversified Real Asset Fund (PRA.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.

XTLH.TOPRA.TODifference
Sharpe ratioReturn per unit of total volatility
0.32
3.43

-3.10

Sortino ratioReturn per unit of downside risk
0.53
4.58

-4.05

Omega ratioGain probability vs. loss probability

1.06

1.61

-0.55

Calmar ratioReturn relative to maximum drawdown

0.38

13.02

-12.64

Martin ratioReturn relative to average drawdown

0.94

36.59

-35.66

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

XTLH.TO vs. PRA.TO - Sharpe Ratio Comparison

The current XTLH.TO Sharpe Ratio is 0.32, which is lower than the PRA.TO Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of XTLH.TO and PRA.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

XTLH.TOPRA.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.32

3.43

-3.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.12

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.15

0.55

-0.71

Drawdowns

XTLH.TO vs. PRA.TO - Drawdown Comparison

The maximum XTLH.TO drawdown since its inception was -22.72%, smaller than the maximum PRA.TO drawdown of -34.43%. Use the drawdown chart below to compare losses from any high point for XTLH.TO and PRA.TO.

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Drawdown Indicators

XTLH.TOPRA.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.72%

-34.43%

+11.71%

Max Drawdown (1Y)

Largest decline over 1 year

-8.37%

-3.26%

-5.11%

Max Drawdown (3Y)

Largest decline over 3 years

-19.47%

-13.47%

-6.00%

Max Drawdown (5Y)

Largest decline over 5 years

—

-19.37%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.26%

—

Current Drawdown

Current decline from peak

-14.80%

-1.78%

-13.02%

Average Drawdown

Average peak-to-trough decline

-12.15%

-7.71%

-4.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

1.16%

+2.20%

Volatility

XTLH.TO vs. PRA.TO - Volatility Comparison

The current volatility for iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) is 2.98%, while Purpose Diversified Real Asset Fund (PRA.TO) has a volatility of 3.79%. This indicates that XTLH.TO experiences smaller price fluctuations and is considered to be less risky than PRA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XTLH.TOPRA.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.98%

3.79%

-0.81%

Volatility (6M)

Calculated over the trailing 6-month period

6.42%

9.45%

-3.03%

Volatility (1Y)

Calculated over the trailing 1-year period

9.72%

12.40%

-2.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.16%

13.47%

+0.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.16%

14.41%

-0.25%

Dividends

XTLH.TO vs. PRA.TO - Dividend Comparison

XTLH.TO's dividend yield for the trailing twelve months is around 4.62%, more than PRA.TO's 2.09% yield.

PositionTTM20252024202320222021202020192018201720162015
PRA.TO
Purpose Diversified Real Asset Fund		2.09%3.23%2.95%3.12%1.93%1.25%1.52%1.57%1.77%1.55%1.64%2.09%
XTLH.TO
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)		4.62%4.42%4.32%2.67%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XTLH.TO and PRA.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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