YNVD.NEO vs. MNU-U.TO
YNVD.NEO (NVIDIA (NVDA) Yield Shares Purpose ETF) and MNU-U.TO (Purpose USD Cash Management ETF) are both exchange-traded funds - YNVD.NEO is a Derivative Income fund actively managed by Purpose Investments, while MNU-U.TO is a Ultrashort Bond fund actively managed by Purpose Investments. Both are actively managed. Over the past year, YNVD.NEO returned 72.69% vs 4.57% for MNU-U.TO. At a correlation of -0.10, they often move in opposite directions. YNVD.NEO charges 1.94%/yr vs 0.20%/yr for MNU-U.TO.
Performance
YNVD.NEO vs. MNU-U.TO - Performance Comparison
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Different Trading Currencies
YNVD.NEO is traded in CAD, while MNU-U.TO is traded in USD. To make them comparable, the MNU-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, YNVD.NEO achieves a 20.36% return, which is significantly higher than MNU-U.TO's 2.53% return.
YNVD.NEO
- 1D
- 2.83%
- 1M
- 14.32%
- YTD
- 20.36%
- 6M
- 28.67%
- 1Y
- 72.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MNU-U.TO
- 1D
- 0.11%
- 1M
- 2.35%
- YTD
- 2.53%
- 6M
- 0.93%
- 1Y
- 4.57%
- 3Y*
- 4.79%
- 5Y*
- —
- 10Y*
- —
YNVD.NEO vs. MNU-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 20.36% | 44.51% | 133.89% |
MNU-U.TO Purpose USD Cash Management ETF | 2.53% | -1.74% | 11.02% |
Correlation
The correlation between YNVD.NEO and MNU-U.TO is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | -0.10 |
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Return for Risk
YNVD.NEO vs. MNU-U.TO — Risk / Return Rank
YNVD.NEO
MNU-U.TO
YNVD.NEO vs. MNU-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) and Purpose USD Cash Management ETF (MNU-U.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.
| YNVD.NEO | MNU-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.18 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 1.14 | +3.31 |
| Martin ratioReturn relative to average drawdown | 12.10 | 2.98 | +9.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YNVD.NEO | MNU-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.00 | +1.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.86 | +0.68 |
Drawdowns
YNVD.NEO vs. MNU-U.TO - Drawdown Comparison
The maximum YNVD.NEO drawdown since its inception was -41.02%, which is greater than MNU-U.TO's maximum drawdown of -5.44%. Use the drawdown chart below to compare losses from any high point for YNVD.NEO and MNU-U.TO.
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Drawdown Indicators
| YNVD.NEO | MNU-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -5.44% | -35.58% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -4.02% | -12.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.44% | — |
Current DrawdownCurrent decline from peak | -1.57% | -0.47% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -1.70% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 1.54% | +4.49% |
Volatility
YNVD.NEO vs. MNU-U.TO - Volatility Comparison
NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) has a higher volatility of 13.14% compared to Purpose USD Cash Management ETF (MNU-U.TO) at 0.80%. This indicates that YNVD.NEO's price experiences larger fluctuations and is considered to be riskier than MNU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YNVD.NEO | MNU-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.14% | 0.80% | +12.34% |
Volatility (6M)Calculated over the trailing 6-month period | 27.65% | 3.45% | +24.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.48% | 4.59% | +30.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.45% | 5.27% | +47.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.45% | 5.27% | +47.18% |
YNVD.NEO vs. MNU-U.TO - Expense Ratio Comparison
YNVD.NEO has a 1.94% expense ratio, which is higher than MNU-U.TO's 0.20% expense ratio.
Dividends
YNVD.NEO vs. MNU-U.TO - Dividend Comparison
YNVD.NEO's dividend yield for the trailing twelve months is around 21.18%, more than MNU-U.TO's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MNU-U.TO Purpose USD Cash Management ETF | 2.79% | 2.98% | 4.25% | 2.69% |
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 21.18% | 23.48% | 17.81% | 0.00% |
Frequently Asked Questions
YNVD.NEO and MNU-U.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNU-U.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNU-U.TO is cheaper with a 0.20% expense ratio, compared with 1.94% for YNVD.NEO.
YNVD.NEO is categorized as Derivative Income, while MNU-U.TO is Ultrashort Bond. Their fees differ too: 1.94% for YNVD.NEO and 0.20% for MNU-U.TO.
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