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Purpose Global Bond Class (IGB.TO) Alternatives

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

Purpose Global Bond Class is an actively managed fixed-income ETF that invests through the Purpose Global Bond Fund in diversified investment-grade and high-yield corporate, government, and other debt securities from North American and international issuers.

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

Cheapest Alternatives to IGB.TO

IGB.TO charges 0.55% annually. There are 6 ETFs in the Global Bonds category with lower expense ratios, going as low as 0.09%.

SymbolNameExpense RatioAUMInception
ZUAG.TO
BMO US Aggregate Bond Index ETF0.09%—Jan 2023IGB.TO vs ZUAG.TO
VGAB.NEO
Vanguard Global Aggregate Bond Index ETF (CAD-hedg...0.33%—Jan 2020IGB.TO vs VGAB.NEO
FFIX.NEO
Fidelity All-in-One Fixed Income ETF0.33%—May 2025IGB.TO vs FFIX.NEO
VBG.NEO
Vanguard Global ex-U.S. Aggregate Bond Index ETF (...0.39%—Jun 2014IGB.TO vs VBG.NEO
PMNT.TO
PIMCO Global Short Maturity Fund (Canada)0.39%677.60MFeb 2019IGB.TO vs PMNT.TO

Best Risk-Adjusted Alternatives to IGB.TO

IGB.TO has a PortfoliosLab risk / return rank of 25. There are 7 ETFs in the Global Bonds category with higher risk-adjusted ranks, going as high as 77.

SymbolNameRisk / Return RankAUMInception
PMNT.TO
PIMCO Global Short Maturity Fund (Canada)
77
677.60MFeb 2019IGB.TO vs PMNT.TO
PMIF.TO
PIMCO Monthly Income Fund (Canada)
43
39.17BSep 2017IGB.TO vs PMIF.TO
BND.TO
Purpose Global Bond Fund
41
2.50BOct 2015IGB.TO vs BND.TO
FFIX.NEO
Fidelity All-in-One Fixed Income ETF
33
—May 2025IGB.TO vs FFIX.NEO
PLDI.TO
PIMCO Low Duration Monthly Income Fund (Canada)
30
1.36BFeb 2019IGB.TO vs PLDI.TO

Top Performing IGB.TO Alternatives (YTD)

IGB.TO is at -0.32% YTD. There are 7 ETFs in the Global Bonds category with higher YTD returns, going as high as 2.26%.

SymbolNameYTD ReturnAUMInception
ZUAG.TO
BMO US Aggregate Bond Index ETF
2.26%
—Jan 2023IGB.TO vs ZUAG.TO
PMNT.TO
PIMCO Global Short Maturity Fund (Canada)
1.64%
677.60MFeb 2019IGB.TO vs PMNT.TO
HAF.TO
Global X Active Global Fixed Income ETF
1.35%
66.43MJul 2009IGB.TO vs HAF.TO
FFIX.NEO
Fidelity All-in-One Fixed Income ETF
0.61%
—May 2025IGB.TO vs FFIX.NEO
BND.TO
Purpose Global Bond Fund
0.04%
2.50BOct 2015IGB.TO vs BND.TO

Lowest Volatility Alternatives to IGB.TO

IGB.TO has 2.81% 1-year volatility. There is 1 ETF in the Global Bonds category with lower 1-year volatility, going as low as 1.77%.

SymbolNameVolatility 1YAUMInception
PMNT.TO
PIMCO Global Short Maturity Fund (Canada)1.77%677.60MFeb 2019IGB.TO vs PMNT.TO
BND.TO
Purpose Global Bond Fund3.22%2.50BOct 2015IGB.TO vs BND.TO
PMIF.TO
PIMCO Monthly Income Fund (Canada)3.70%39.17BSep 2017IGB.TO vs PMIF.TO
TGFI.TO
TD Active Global Income ETF3.86%377.66MNov 2019IGB.TO vs TGFI.TO
VGAB.NEO
Vanguard Global Aggregate Bond Index ETF (CAD-hedg...3.96%—Jan 2020IGB.TO vs VGAB.NEO

Lowest Drawdown Alternatives to IGB.TO

IGB.TO has a 1-year max drawdown of -2.86%. There are 3 ETFs in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -0.63%.

SymbolNameMax Drawdown 1YAUMInception
PMNT.TO
PIMCO Global Short Maturity Fund (Canada)
-0.63%
677.60MFeb 2019IGB.TO vs PMNT.TO
PLDI.TO
PIMCO Low Duration Monthly Income Fund (Canada)
-2.03%
1.36BFeb 2019IGB.TO vs PLDI.TO
FFIX.NEO
Fidelity All-in-One Fixed Income ETF
-2.57%
—May 2025IGB.TO vs FFIX.NEO
BND.TO
Purpose Global Bond Fund
-2.87%
2.50BOct 2015IGB.TO vs BND.TO
PCOR.TO
PIMCO Managed Core Bond Pool
-3.06%
2.44BFeb 2020IGB.TO vs PCOR.TO

Other ETFs from Purpose Investments Inc.

The 10 most viewed Purpose Investments Inc. ETFs shown here include SYLD.TO, PDF.TO, BTCY.TO and span 17 categories. AUM among these funds goes as high as $526M.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SYLD.TO
Purpose Strategic Yield FundHigh Yield Bonds, Corporate Bonds
96
3.38%
526.10MApr 2018IGB.TO vs SYLD.TO
PDF.TO
Purpose Core Dividend FundDividend, Canada Equities, Actively Managed
97
20.07%
473.40MSep 2013IGB.TO vs PDF.TO
BTCY.TO
Purpose Bitcoin Yield ETFCryptocurrency, Derivative Income
2
-31.07%
121.00MDec 2021IGB.TO vs BTCY.TO
PAYF.TO
Purpose Enhanced Premium Yield FundDerivative Income, Options Trading, Actively Managed
30
3.05%
85.20MApr 2019IGB.TO vs PAYF.TO
CROP.TO
Purpose Credit Opportunities FundNontraditional Bonds, Multisector Bonds
96
3.58%
—Sep 2021IGB.TO vs CROP.TO
PINC.TO
Purpose Multi-Asset Income FundDerivative Income, Dividend, Tactical Allocation, Diversified Portfolio
97
18.40%
109.90MApr 2018IGB.TO vs PINC.TO
PRA.TO
Purpose Diversified Real Asset FundDiversified Portfolio, Global Allocation, Natural Resources, Actively Managed
95
26.15%
331.30MSep 2013IGB.TO vs PRA.TO
PID.TO
Purpose International Dividend FundForeign Large Cap Equities, Dividend, Actively Managed
81
14.90%
312.20MApr 2015IGB.TO vs PID.TO
PBI.TO
Purpose Best Ideas FundLarge Cap Blend Equities, Equal Weight
24
3.12%
70.80MApr 2014IGB.TO vs PBI.TO
PBD.TO
Purpose Total Return Bond FundMultisector Bonds, Corporate Bonds, High Yield Bonds, Actively Managed
22
0.08%
30.90MSep 2013IGB.TO vs PBD.TO

Compare IGB.TO with Any Fund or Stock

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

 

Diversifiers

Pair IGB.TO with funds that move differently

Purpose Global Bond Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IGB.TO.

Explore IGB.TO Diversifiers