YGOG.NEO vs. BND.TO
YGOG.NEO (Alphabet (GOOGL) Yield Shares Purpose ETF) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - YGOG.NEO is a Derivative Income fund actively managed by Purpose, while BND.TO is a Global Bonds fund actively managed by Purpose. Both are actively managed. Over the past 3 years, YGOG.NEO returned 39.39%/yr vs 6.74%/yr for BND.TO. Their 0.15 correlation means their historical movements had little consistent relationship. YGOG.NEO charges 0.40%/yr vs 0.45%/yr for BND.TO.
Performance
YGOG.NEO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YGOG.NEO achieves a 11.15% return, which is significantly higher than BND.TO's 0.22% return.
YGOG.NEO
- 1D
- 7.13%
- 1M
- -1.03%
- 6M
- 2.29%
- YTD
- 11.15%
- 1Y
- 90.89%
- 3Y*
- 39.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.15%
BND.TO
- 1D
- -0.11%
- 1M
- -1.51%
- 6M
- -0.09%
- YTD
- 0.22%
- 1Y
- 3.10%
- 3Y*
- 6.74%
- 5Y*
- 2.90%
- 10Y*
- 2.78%
- ALL TIME*
- 2.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BND.TO Purpose Global Bond Fund | CA$509.73K | CA$810.65K | CA$795.74K |
| CA$514.43K | CA$426.69K | CA$501.63K |
YGOG.NEO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
YGOG.NEO Alphabet (GOOGL) Yield Shares Purpose ETF | 11.15% | 69.46% | 35.49% | 56.09% | 1.29% |
BND.TO Purpose Global Bond Fund | 0.22% | 7.26% | 7.49% | 8.45% | -0.59% |
Correlation
The correlation between YGOG.NEO and BND.TO is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022 | 0.15 |
The correlation between YGOG.NEO and BND.TO shifts across timeframes, from 0.15 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
YGOG.NEO vs. BND.TO — Risk / Return Rank
YGOG.NEO
BND.TO
YGOG.NEO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) and Purpose Global Bond Fund (BND.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.
| YGOG.NEO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.18 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 1.11 | +2.93 |
| Martin ratioReturn relative to average drawdown | 11.50 | 4.16 | +7.33 |
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Drawdowns
YGOG.NEO vs. BND.TO - Drawdown Comparison
The maximum YGOG.NEO drawdown since its inception was -34.24%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for YGOG.NEO and BND.TO.
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Drawdown Indicators
| YGOG.NEO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.24% | -16.55% | -17.69% |
Max Drawdown (1Y)Largest decline over 1 year | -22.09% | -2.87% | -19.22% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -4.33% | -29.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.55% | — |
Current DrawdownCurrent decline from peak | -11.55% | -1.56% | -9.99% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -2.09% | -5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 0.76% | +6.98% |
Volatility
YGOG.NEO vs. BND.TO - Volatility Comparison
Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) has a higher volatility of 14.42% compared to Purpose Global Bond Fund (BND.TO) at 1.04%. This indicates that YGOG.NEO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YGOG.NEO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.42% | 1.04% | +13.38% |
Volatility (6M)Calculated over the trailing 6-month period | 27.92% | 2.81% | +25.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.37% | 3.23% | +32.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.54% | 5.11% | +28.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.54% | 5.15% | +28.39% |
YGOG.NEO vs. BND.TO - Expense Ratio Comparison
YGOG.NEO has a 0.40% expense ratio, which is lower than BND.TO's 0.45% expense ratio.
Dividends
YGOG.NEO vs. BND.TO - Dividend Comparison
YGOG.NEO's dividend yield for the trailing twelve months is around 9.59%, more than BND.TO's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.93% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
YGOG.NEO Alphabet (GOOGL) Yield Shares Purpose ETF | 9.59% | 5.84% | 6.63% | 7.24% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YGOG.NEO and BND.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YGOG.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YGOG.NEO is cheaper with a 0.40% expense ratio, compared with 0.45% for BND.TO.
YGOG.NEO is categorized as Derivative Income, while BND.TO is Global Bonds. Their fees differ too: 0.40% for YGOG.NEO and 0.45% for BND.TO.
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