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Purpose Credit Opportunities Fund (CROP.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 25, 2026

Purpose Credit Opportunities Fund is an actively managed, unconstrained credit portfolio that seeks equity-like total returns through high-conviction credit instruments and may hedge exposures or express relative-value views without using leverage.

Purpose Credit Opportunities Fund (CROP.TO) belongs to the Nontraditional Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CROP.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Best Risk-Adjusted Alternatives to CROP.TO

CROP.TO has a PortfoliosLab risk / return rank of 96. No ETFs in the Nontraditional Bonds category have higher risk-adjusted ranks; the top alternatives shown here go as high as 72.

SymbolNameRisk / Return RankAUMInception
RATE.TO
Arrow EC Income Advantage Alternative Fund
72
—Jun 2021CROP.TO vs RATE.TO
CRED.TO
CI Alternative Investment Grade Credit Fund
71
371.64MJan 2020CROP.TO vs CRED.TO
CMDO.TO
CI Alternative Diversified Opportunities Fund
71
—Aug 2021CROP.TO vs CMDO.TO
PFIA.TO
PICTON Long Short Income Alternative Fund
61
353.70MJul 2019CROP.TO vs PFIA.TO
CMEY.TO
CI Marret Alternative Enhanced Yield Fund
59
6.88MMay 2020CROP.TO vs CMEY.TO

Top Performing CROP.TO Alternatives (YTD)

CROP.TO is at 3.58% YTD. No ETFs in the Nontraditional Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 1.93%.

SymbolNameYTD ReturnAUMInception
CMDO.TO
CI Alternative Diversified Opportunities Fund
1.93%
—Aug 2021CROP.TO vs CMDO.TO
CMEY.TO
CI Marret Alternative Enhanced Yield Fund
1.74%
6.88MMay 2020CROP.TO vs CMEY.TO
RATE.TO
Arrow EC Income Advantage Alternative Fund
1.47%
—Jun 2021CROP.TO vs RATE.TO
CMAR.TO
CI Marret Alternative Absolute Return Bond Fund
1.34%
16.72MJan 2020CROP.TO vs CMAR.TO
CRED.TO
CI Alternative Investment Grade Credit Fund
1.05%
371.64MJan 2020CROP.TO vs CRED.TO

Lowest Volatility Alternatives to CROP.TO

CROP.TO has 3.16% 1-year volatility. There are 4 ETFs in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.86%.

SymbolNameVolatility 1YAUMInception
CRED.TO
CI Alternative Investment Grade Credit Fund1.86%371.64MJan 2020CROP.TO vs CRED.TO
RATE.TO
Arrow EC Income Advantage Alternative Fund2.24%—Jun 2021CROP.TO vs RATE.TO
PFIA.TO
PICTON Long Short Income Alternative Fund2.43%353.70MJul 2019CROP.TO vs PFIA.TO
CMEY.TO
CI Marret Alternative Enhanced Yield Fund3.10%6.88MMay 2020CROP.TO vs CMEY.TO
MUB.TO
Mackenzie Unconstrained Bond ETF3.40%1.15BApr 2016CROP.TO vs MUB.TO

Lowest Drawdown Alternatives to CROP.TO

CROP.TO has a 1-year max drawdown of -0.91%. There is 1 ETF in the Nontraditional Bonds category with a shallower 1-year drawdown, going as shallow as -0.80%.

SymbolNameMax Drawdown 1YAUMInception
RATE.TO
Arrow EC Income Advantage Alternative Fund
-0.80%
—Jun 2021CROP.TO vs RATE.TO
PFIA.TO
PICTON Long Short Income Alternative Fund
-1.36%
353.70MJul 2019CROP.TO vs PFIA.TO
CMEY.TO
CI Marret Alternative Enhanced Yield Fund
-1.41%
6.88MMay 2020CROP.TO vs CMEY.TO
CRED.TO
CI Alternative Investment Grade Credit Fund
-1.52%
371.64MJan 2020CROP.TO vs CRED.TO
CMDO.TO
CI Alternative Diversified Opportunities Fund
-1.54%
—Aug 2021CROP.TO vs CMDO.TO

Other ETFs from Purpose Investments Inc.

The 10 most viewed Purpose Investments Inc. ETFs shown here include BND.TO, SYLD.TO, PDF.TO and span 17 categories. AUM among these funds goes as high as $3B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BND.TO
Purpose Global Bond FundGlobal Bonds
41
0.04%
2.50BOct 2015CROP.TO vs BND.TO
SYLD.TO
Purpose Strategic Yield FundHigh Yield Bonds, Corporate Bonds
96
3.38%
526.10MApr 2018CROP.TO vs SYLD.TO
PDF.TO
Purpose Core Dividend FundDividend, Canada Equities, Actively Managed
97
20.07%
473.40MSep 2013CROP.TO vs PDF.TO
BTCY.TO
Purpose Bitcoin Yield ETFCryptocurrency, Derivative Income
2
-31.07%
121.00MDec 2021CROP.TO vs BTCY.TO
PAYF.TO
Purpose Enhanced Premium Yield FundDerivative Income, Options Trading, Actively Managed
30
3.05%
85.20MApr 2019CROP.TO vs PAYF.TO
PINC.TO
Purpose Multi-Asset Income FundDerivative Income, Dividend, Tactical Allocation, Diversified Portfolio
97
18.40%
109.90MApr 2018CROP.TO vs PINC.TO
PRA.TO
Purpose Diversified Real Asset FundDiversified Portfolio, Global Allocation, Natural Resources, Actively Managed
95
26.15%
331.30MSep 2013CROP.TO vs PRA.TO
PID.TO
Purpose International Dividend FundForeign Large Cap Equities, Dividend, Actively Managed
81
14.90%
312.20MApr 2015CROP.TO vs PID.TO
IGB.TO
Purpose Global Bond ClassGlobal Bonds, Investment Grade Bonds, Actively Managed
25
-0.32%
1.20BDec 2013CROP.TO vs IGB.TO
PBI.TO
Purpose Best Ideas FundLarge Cap Blend Equities, Equal Weight
24
3.12%
70.80MApr 2014CROP.TO vs PBI.TO

Often Compared With CROP.TO

Investors most often compare CROP.TO with ZLB.TO. These 1 comparison targets span 2 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities, Low Volatility
56
7.93%
6.32BOct 2011CROP.TO vs ZLB.TO

Compare CROP.TO with Any Fund or Stock

Compare CROP.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair CROP.TO with funds that move differently

Purpose Credit Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CROP.TO.

Explore CROP.TO Diversifiers