A side-by-side comparison of Purpose Monthly Income Fund Series ETF (PIN) and SMI 3Fourteen REAL Asset Allocation ETF (RAA) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | PIN | RAA |
|---|---|---|
| YTD Return | +5.66%✓ | -0.39% |
| 1-Day Change | +1.01%✓ | -0.44% |
| 1-Week Change | +0.71%✓ | -1.21% |
| 1-Month Change | +1.58%✓ | -3.25% |
| Current Price | $19.96 | $29.37 |
| AUM | $7M | $591M✓ |
| MER (Expense Ratio) | — | 0.91% |
| Dividend Yield | 5.29%✓ | 2.11% |
| Distribution Frequency | Monthly | — |
| Inception Date | 2013-09-06 | 2025-02-25 |
| Holdings Count | 10 | 179 |
| MorningStar Rating | — | — |
| Category | Balanced Allocation | Balanced Allocation |
| Beta | 0.77 | 0.00 |
| 52-Week High | $20.20 | $30.61 |
| 52-Week Low | $17.77 | $26.10 |
| 50-Day MA | $19.91 | $30.13 |
| 200-Day MA | $19.94 | $29.43 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | PIN | RAA |
|---|---|---|
| YTD | +5.66%✓ | -0.39% |
| 1 Year | +11.62%✓ | +8.14% |
| 3 Year | +12.40% | — |
| 5 Year | +7.11% | — |
| 10 Year | +6.20% | — |
| 1Y Volatility | 6.69% | 10.58% |
| Sharpe Ratio (3Y) | 1.60 | 0.00 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 23.04% |
| 2 | IGB | Corgi FTSE U.S. IG Corporate Bond ETF | 14.79% |
| 3 | PID | Purpose International Dividend Fund Series ETF | 7.26% |
| 4 | MNY | Purpose Cash Management Fund ETF Units | 7.20% |
| 5 | REM | Purpose Emerging Markets Dividend Fund ETF | 2.08% |
| 6 | PYF | Purpose Premium Yield Fund Series ETF | 2.08% |
| 7 | KILO-B | Purpose Gold Bullion Fund | 1.70% |
| 8 | TD | Toronto Dominion Bank | 1.41% |
| 9 | BNS | Bank of Nova Scotia | 1.44% |
| 10 | RY | Royal Bank of Canada | 1.26% |
| 1 | BKLC | BNY Mellon US Large Cap Core Equity ETF | 19.23% |
| 2 | DBMF | iMGP DBi Managed Futures Strategy ETF | 6.39% |
| 3 | PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 5.53% |
| 4 | VCIT | Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares | 5.05% |
| 5 | SCYB | Schwab High Yield Bond ETF | 5.13% |
| 6 | EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | 2.95% |
| 7 | SCHP | Schwab U.S. TIPS ETF | 3.05% |
| 8 | AAPL | Apple Inc. | 2.25% |
| 9 | SCHQ | Schwab Long-Term U.S. Treasury ETF | 2.06% |
| 10 | NVDA | NVIDIA Corporation | 2.11% |
Sector Weights
| Sector | PIN | RAA |
|---|---|---|
| Basic Materials | 13.16% | 5.33% |
| Communication Services | 2.87% | 7.96% |
| Consumer Cyclicals | 4.99% | 9.39% |
| Consumer Defensive | 5.54% | 6.13% |
| Energy | 16.30% | 7.99% |
| Financial Services | 28.66% | 6.72% |
| Healthcare | 6.46% | 7.17% |
| Industrials | 5.42% | 7.04% |
| Real Estate | 5.43% | 2.89% |
| Technology | 4.67% | 36.44% |
| Utilities | 7.11% | 1.64% |
About PIN
The fund seeks to (i) maximize total return, consisting of dividend income and capital appreciation by tactically investing in a broad range of asset classes which may include equity, fixed income and inflation sensitive securities and cash; and (ii) provide shareholders with stable monthly distributions.
About RAA
The fund is actively managed and allocates its portfolio assets among three asset categories " stocks, bonds, and alternatives. Portfolio assets are chosen using the REAL Asset Allocation ("RAA") strategy developed by an affiliate of the Adviser, 3Fourteen Research, LLC. The RAA strategy is based on a proprietary model that dynamically allocates the portfolio into three broad categories of asset classes: Stocks, Bonds, and Alternatives. The fund is non-diversified.
Which ETF is Right for You?
Both PIN and RAA are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, PIN scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between PIN and RAA?
PIN (Purpose Monthly Income Fund Series ETF) and RAA (SMI 3Fourteen REAL Asset Allocation ETF) are both Canadian-listed ETFs. Key differences include their AUM ($7M vs $591M), dividend yield (5.29% vs 2.11%), and year-to-date performance (+5.66% vs -0.39%).
Is PIN better than RAA?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, PIN has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy PIN and RAA on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both PIN and RAA should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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