CRED.TO vs. RATE.TO
CRED.TO (CI Alternative Investment Grade Credit Fund) and RATE.TO (Arrow EC Income Advantage Alternative Fund) are both Investment Grade Bonds funds. Both are actively managed. Over the past 5 years, CRED.TO returned 2.92%/yr vs 4.76%/yr for RATE.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
CRED.TO vs. RATE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CRED.TO achieves a 1.05% return, which is significantly lower than RATE.TO's 1.47% return.
CRED.TO
- 1D
- 0.10%
- 1M
- -0.25%
- 6M
- 0.90%
- YTD
- 1.05%
- 1Y
- 3.16%
- 3Y*
- 5.44%
- 5Y*
- 2.92%
- 10Y*
- —
- ALL TIME*
- 3.25%
RATE.TO
- 1D
- 0.10%
- 1M
- 0.10%
- 6M
- 1.47%
- YTD
- 1.47%
- 1Y
- 3.09%
- 3Y*
- 5.43%
- 5Y*
- 4.76%
- 10Y*
- —
- ALL TIME*
- 4.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$47.86K | CA$36.58K | CA$31.94K | |
| CA$60.20K | CA$58.91K | CA$69.40K |
CRED.TO vs. RATE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CRED.TO CI Alternative Investment Grade Credit Fund | 1.05% | 2.77% | 9.26% | 6.00% | -3.41% | 1.48% | 4.34% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 1.47% | 4.60% | 5.59% | 10.12% | 2.34% | 2.46% | 3.08% |
Correlation
The correlation between CRED.TO and RATE.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2020 | 0.10 |
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Return for Risk
CRED.TO vs. RATE.TO — Risk / Return Rank
CRED.TO
RATE.TO
CRED.TO vs. RATE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Alternative Investment Grade Credit Fund (CRED.TO) and Arrow EC Income Advantage Alternative Fund (RATE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRED.TO | RATE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.87 | -1.78 |
| Martin ratioReturn relative to average drawdown | 7.08 | 12.89 | -5.80 |
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Drawdowns
CRED.TO vs. RATE.TO - Drawdown Comparison
The maximum CRED.TO drawdown since its inception was -10.05%, smaller than the maximum RATE.TO drawdown of -14.01%. Use the drawdown chart below to compare losses from any high point for CRED.TO and RATE.TO.
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Drawdown Indicators
| CRED.TO | RATE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.05% | -14.01% | +3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -0.80% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -2.82% | -2.78% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -6.00% | -3.38% | -2.62% |
Current DrawdownCurrent decline from peak | -0.30% | -0.14% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -0.84% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.24% | +0.21% |
Volatility
CRED.TO vs. RATE.TO - Volatility Comparison
The current volatility for CI Alternative Investment Grade Credit Fund (CRED.TO) is 0.52%, while Arrow EC Income Advantage Alternative Fund (RATE.TO) has a volatility of 0.67%. This indicates that CRED.TO experiences smaller price fluctuations and is considered to be less risky than RATE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRED.TO | RATE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.67% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 1.56% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 2.24% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 4.07% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 5.73% | -2.29% |
Dividends
CRED.TO vs. RATE.TO - Dividend Comparison
CRED.TO's dividend yield for the trailing twelve months is around 2.97%, less than RATE.TO's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRED.TO CI Alternative Investment Grade Credit Fund | 2.97% | 2.96% | 2.95% | 3.13% | 3.21% | 3.01% | 2.79% | 0.00% | 0.00% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 4.64% | 4.60% | 4.69% | 4.74% | 4.11% | 3.52% | 2.98% | 2.99% | 2.32% |
Frequently Asked Questions
CRED.TO and RATE.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI Global Asset Management and Arrow Capital Management Inc..
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