YGOG.NEO vs. MNY.TO
YGOG.NEO (Alphabet (GOOGL) Yield Shares Purpose ETF) and MNY.TO (Purpose Cash Management Fund) are both exchange-traded funds - YGOG.NEO is a Derivative Income fund actively managed by Purpose, while MNY.TO is a Money Market fund actively managed by Purpose. Both are actively managed. Over the past 3 years, YGOG.NEO returned 39.39%/yr vs 3.79%/yr for MNY.TO. Their -0.00 correlation means they have often moved in opposite directions in the past. YGOG.NEO charges 0.40%/yr vs 0.22%/yr for MNY.TO.
Performance
YGOG.NEO vs. MNY.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 MNY.TO's 1.36% 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%
MNY.TO
- 1D
- 0.04%
- 1M
- 0.19%
- 6M
- 1.20%
- YTD
- 1.36%
- 1Y
- 2.54%
- 3Y*
- 3.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$7.14M | CA$7.01M | CA$5.03M | |
| CA$514.43K | CA$426.69K | CA$501.63K |
YGOG.NEO vs. MNY.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% |
MNY.TO Purpose Cash Management Fund | 1.36% | 3.03% | 4.69% | 5.03% | 0.21% |
Correlation
The correlation between YGOG.NEO and MNY.TO is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022 | -0.00 |
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Return for Risk
YGOG.NEO vs. MNY.TO — Risk / Return Rank
YGOG.NEO
MNY.TO
YGOG.NEO vs. MNY.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 Cash Management Fund (MNY.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 | MNY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.24 | ||
| Sortino ratioReturn per unit of downside risk | -46.49 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 22.10 | -20.68 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 64.35 | -60.32 |
| Martin ratioReturn relative to average drawdown | 11.50 | 582.61 | -571.12 |
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Drawdowns
YGOG.NEO vs. MNY.TO - Drawdown Comparison
The maximum YGOG.NEO drawdown since its inception was -34.24%, which is greater than MNY.TO's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for YGOG.NEO and MNY.TO.
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Drawdown Indicators
| YGOG.NEO | MNY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.24% | -0.24% | -34.00% |
Max Drawdown (1Y)Largest decline over 1 year | -22.09% | -0.04% | -22.05% |
Max Drawdown (3Y)Largest decline over 3 years | -34.24% | -0.10% | -34.14% |
Current DrawdownCurrent decline from peak | -11.55% | 0.00% | -11.55% |
Average DrawdownAverage peak-to-trough decline | -7.76% | 0.00% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 0.00% | +7.74% |
Volatility
YGOG.NEO vs. MNY.TO - Volatility Comparison
Alphabet (GOOGL) Yield Shares Purpose ETF (YGOG.NEO) has a higher volatility of 14.42% compared to Purpose Cash Management Fund (MNY.TO) at 0.05%. This indicates that YGOG.NEO's price experiences larger fluctuations and is considered to be riskier than MNY.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 | MNY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.42% | 0.05% | +14.37% |
Volatility (6M)Calculated over the trailing 6-month period | 27.92% | 0.10% | +27.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.37% | 0.16% | +35.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.54% | 0.32% | +33.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.54% | 0.32% | +33.22% |
YGOG.NEO vs. MNY.TO - Expense Ratio Comparison
YGOG.NEO has a 0.40% expense ratio, which is higher than MNY.TO's 0.22% expense ratio.
Dividends
YGOG.NEO vs. MNY.TO - Dividend Comparison
YGOG.NEO's dividend yield for the trailing twelve months is around 9.59%, more than MNY.TO's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MNY.TO Purpose Cash Management Fund | 2.51% | 2.93% | 4.71% | 4.85% | 1.12% |
YGOG.NEO Alphabet (GOOGL) Yield Shares Purpose ETF | 9.59% | 5.84% | 6.63% | 7.24% | 0.91% |
Frequently Asked Questions
YGOG.NEO and MNY.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNY.TO is cheaper with a 0.22% expense ratio, compared with 0.40% for YGOG.NEO.
YGOG.NEO is categorized as Derivative Income, while MNY.TO is Money Market. Their fees differ too: 0.40% for YGOG.NEO and 0.22% for MNY.TO.
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