All funds Purpose

Purpose covered call and yield ETFs

We track 37 Purpose funds: 25 single-stock covered call, 3 index covered call, 2 sector covered call, 2 cash and hisa, 2 dividend equity, 1 REIT, 1 preferred share and 1 enhanced covered call. The highest on our Income Durability Score are YCON (18), TY (19) and ETHY (21).

Yields, fees and holdings are from Purpose's own published documents; each fund page links to its official page.

Ticker ⇅	Fund	Type	Score ▲	Yield ⇅	1-yr return ⇅	Fee ⇅	Worst drop ⇅	Liquidity ⇅
YCON	Coinbase (COIN) Yield Shares Purpose ETF	Single-stock 1.25x	18	49.6%	-47.3%	1.62%	-63.7%	Medium
TY	Purpose Telus (T) Yield Shares ETF	Single-stock 1.25x	19	15.7%	-31.3%	1.22%	-49.9%	Very low
ETHY	Purpose Ether Yield ETF	Sector	21	21.3%	-35.5%	2.62%	-73.3%	Medium
YNET	Netflix (NFLX) Yield Shares Purpose ETF	Single-stock 1.25x	25	19.2%	-47.9%	1.58%	-59.0%	Medium
YUNH	UnitedHealth Group (UNH) Yield Shares Purpose ETF	Single-stock 1.25x	32	18.2%	+20.9%	1.51%	-58.2%	Low
YMET	Meta (META) Yield Shares Purpose ETF	Single-stock 1.25x	46	31.0%	-12.8%	1.53%	-36.0%	Medium
YTSL	Tesla (TSLA) Yield Shares Purpose ETF	Single-stock 1.25x	54	24.5%	-6.1%	1.52%	-40.8%	Very high
BTCY	Purpose Bitcoin Yield ETF	Sector	54	10.8%	-22.1%	2.41%	-64.5%	Medium
MSFY	Microsoft (MSFT) Yield Shares Purpose ETF	Single-stock 1.25x	56	18.8%	-1.0%	1.54%	-34.3%	Medium
DOLY	Purpose Dollarama (DOL) Yield Shares ETF	Single-stock 1.25x	57	8.3%	+1.3%	1.21%	-19.4%	Very low
BNY	Purpose Brookfield (BN) Yield Shares ETF	Single-stock 1.25x	59	11.4%	-15.2%	1.14%	-22.6%	Low
YCST	Costco (COST) Yield Shares Purpose ETF	Single-stock 1.25x	60	15.0%	+15.3%	1.50%	-17.5%	Low
APLY	Apple (AAPL) Yield Shares Purpose ETF	Single-stock 1.25x	64	5.4%	+16.4%	1.58%	-23.7%	Medium
SHPY	Purpose Shopify (SHOP) Yield Shares ETF	Single-stock 1.25x	65	37.4%	-14.2%	1.16%	-35.6%	Medium
BNSY	Purpose Scotiabank (BNS) Yield Shares ETF	Single-stock 1.25x	66	7.8%	+37.5%	1.14%	-8.2%	Low
RBCY	Purpose RBC (RY) Yield Shares ETF	Single-stock 1.25x	66	7.7%	+34.4%	1.19%	-3.6%	Very low
TDY	Purpose TD (TD) Yield Shares ETF	Single-stock 1.25x	66	6.7%	+51.5%	1.07%	-5.8%	Low
ENBY	Purpose Enbridge (ENB) Yield Shares ETF	Single-stock 1.25x	67	14.7%	+2.6%	1.11%	-15.2%	Low
YPLT	Palantir (PLTR) Yield Shares Purpose ETF	Single-stock 1.25x	67	24.1%	+1.3%	1.47%	-46.5%	Medium
PHR	Purpose Real Estate Income Fund	REIT	68	4.3%	+8.1%	0.80%	-28.9%	Very low
PYF	Purpose Premium Yield Fund	Index	71	6.5%	+3.8%	0.72%	-13.8%	Medium
BRKY	Berkshire Hathaway (BRK) Yield Shares Purpose ETF	Single-stock 1.25x	72	6.3%	+7.9%	1.59%	-14.7%	Medium
CNQY	Purpose Canadian Natural Resources (CNQ) Yield Shares ETF	Single-stock 1.25x	72	13.0%	+58.6%	1.13%	-19.3%	Medium
YAMD	AMD (AMD) Yield Shares Purpose ETF	Single-stock 1.25x	73	21.7%	+108.2%	1.51%	-32.7%	High
YGOG	Alphabet (GOOGL) Yield Shares Purpose ETF	Single-stock 1.25x	74	18.0%	-14.8%	1.54%	-28.1%	Medium
YAVG	Broadcom (AVGO) Yield Shares Purpose ETF	Single-stock 1.25x	75	42.4%	-14.3%	1.56%	-25.2%	Medium
RPS	Purpose Canadian Preferred Share Fund	Preferred	75	4.5%	+7.9%	0.92%	-39.9%	Very low
YAMZ	Amazon (AMZN) Yield Shares Purpose ETF	Single-stock 1.25x	75	12.8%	+5.0%	1.53%	-25.2%	Very high
PID	Purpose International Dividend Fund	Dividend	76	2.8%	+14.5%	0.65%	-16.8%	Medium
YMAG	Tech Innovators Yield Shares Purpose ETF	Enhanced 1.25x	76	19.7%	+1.9%	0.57%	-25.5%	Medium
PDF	Purpose Core Dividend Fund	Dividend	77	2.8%	+22.2%	0.66%	-22.8%	Medium
PAYF	Purpose Enhanced Premium Yield Fund	Index	77	9.0%	+6.6%	0.94%	-12.6%	Low
YNVD	NVIDIA (NVDA) Yield Shares Purpose ETF	Single-stock 1.25x	78	21.3%	+19.6%	1.50%	-25.0%	Very high
PDIV	Purpose Enhanced Dividend Fund	Index	82	11.8%	+12.4%	0.79%	-26.0%	Medium
ATDY	Purpose Couche-Tard (ATD) Yield Shares ETF	Single-stock 1.25x new	n/a	–	–	1.27%	–	n/a
MNY	Purpose Cash Management Fund	Cash new	n/a	2.3%	+2.2%	0.21%	0.0%	Very high
PSA	Purpose High Interest Savings Fund	Cash new	n/a	2.2%	+2.0%	0.17%	0.0%	Very high

Type

What the fund sells calls on.

The fund owns stocks and sells the right to buy them at a set price. It collects a fee (premium) for that right, which is paid out as income. In exchange, big rises in the stocks are partly given up. A tag such as 1.25x marks leverage; "new" means under 12 months of history, too short to score.

Full definition in the glossary →

Income Durability Score

Out of 100, coloured from red (0) to green (100).

How well the fund has turned its yield into something you could actually keep. It is built from income, capital, risk and cost measures with fixed, published weights.

How we score →

Yield

A year of distributions divided by today's unit price. A high yield is not a high return: if the price falls as much as you were paid, you have gained nothing.

Full definition in the glossary →

Total return

This column is the total return over the last 12 months.

Price change plus all distributions, assuming distributions are reinvested. This is the number that tells you whether the payout was earned.

Full definition in the glossary →

MER

Management expense ratio: the fund's yearly management fee and operating costs as a share of its value, already taken out of returns. Trading costs come on top, as the trading expense ratio (TER) in the fund's ETF Facts; the score's fee measure adds the two.

Full definition in the glossary →

Worst drop (maximum drawdown)

The biggest fall from a high to a later low, in total return, so paying out a distribution does not count as a fall. A fund that fell 30% needs a 43% gain to get back.

Full definition in the glossary →

Liquidity

How easily you can buy or sell without moving the price, rated Very high to Very low by the average dollars traded per day. Thinly traded funds can have wide gaps between the buying and selling price; use limit orders.

Full definition in the glossary →

Volatility

Over the last 36 months.

How much returns bounce around, measured as an annualized standard deviation. Higher means a bumpier ride. It counts rises as well as falls, so the score uses downside deviation instead.

Full definition in the glossary →

Beta

How far the fund tends to move when the S&P 500 moves, over the last 36 months. A beta of 0.7 means it moved about 0.7% for each 1% move in the index.

Full definition in the glossary →

Up and down capture

This column is up capture: the share of its own benchmark's gains the fund took in rising months. The fund's page names the benchmark.

How much of its own benchmark's gains (up) and losses (down) the fund took over the last 36 months. Down capture under 100% means the calls cushioned the falls; leverage pushes both above 100%.

Full definition in the glossary →

Up and down capture

This column is down capture: the share of its own benchmark's losses the fund took in falling months. The fund's page names the benchmark.

How much of its own benchmark's gains (up) and losses (down) the fund took over the last 36 months. Down capture under 100% means the calls cushioned the falls; leverage pushes both above 100%.

Full definition in the glossary →

Total return

This column is the total return per year over the last 3 years.

Price change plus all distributions, assuming distributions are reinvested. This is the number that tells you whether the payout was earned.

Full definition in the glossary →

Return of capital (ROC)

The share of last year's payout classed as return of capital.

A part of the payout that is treated as your own money coming back. It is not taxed right away, but it lowers your cost base, so you may owe more tax when you sell.

Full definition in the glossary →

Rankings are information, not a recommendation to buy or sell any fund.