CROP.TO vs. BND.TO
CROP.TO (Purpose Credit Opportunities Fund) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - CROP.TO is a Nontraditional Bonds fund actively managed by Purpose Investments Inc., while BND.TO is a Global Bonds fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 3 years, CROP.TO returned 9.57%/yr vs 6.60%/yr for BND.TO. At a 0.28 correlation, their price movements are largely independent. CROP.TO charges 1.97%/yr vs 0.45%/yr for BND.TO.
Performance
CROP.TO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CROP.TO achieves a 3.58% return, which is significantly higher than BND.TO's 0.04% return.
CROP.TO
- 1D
- 0.05%
- 1M
- 0.30%
- 6M
- 3.10%
- YTD
- 3.58%
- 1Y
- 8.55%
- 3Y*
- 9.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.01%
BND.TO
- 1D
- 0.06%
- 1M
- -1.48%
- 6M
- -0.46%
- YTD
- 0.04%
- 1Y
- 3.42%
- 3Y*
- 6.60%
- 5Y*
- 2.85%
- 10Y*
- 2.74%
- ALL TIME*
- 2.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BND.TO Purpose Global Bond Fund | CA$1.16M | CA$839.27K | CA$802.49K |
| CA$135.05K | CA$183.63K | CA$411.80K |
CROP.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CROP.TO Purpose Credit Opportunities Fund | 3.58% | 8.10% | 12.74% | 6.36% | -5.82% | 0.07% |
BND.TO Purpose Global Bond Fund | 0.04% | 7.26% | 7.49% | 8.45% | -7.80% | 0.08% |
Correlation
The correlation between CROP.TO and BND.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.28 |
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Return for Risk
CROP.TO vs. BND.TO — Risk / Return Rank
CROP.TO
BND.TO
CROP.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Credit Opportunities Fund (CROP.TO) and Purpose Global Bond Fund (BND.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.
| CROP.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.20 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 9.40 | 1.20 | +8.20 |
| Martin ratioReturn relative to average drawdown | 25.52 | 4.70 | +20.83 |
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Drawdowns
CROP.TO vs. BND.TO - Drawdown Comparison
The maximum CROP.TO drawdown since its inception was -8.68%, smaller than the maximum BND.TO drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for CROP.TO and BND.TO.
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Drawdown Indicators
| CROP.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -16.55% | +7.87% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -2.87% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -4.46% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.55% | — |
Current DrawdownCurrent decline from peak | -0.21% | -1.74% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -2.09% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.73% | -0.39% |
Volatility
CROP.TO vs. BND.TO - Volatility Comparison
The current volatility for Purpose Credit Opportunities Fund (CROP.TO) is 0.61%, while Purpose Global Bond Fund (BND.TO) has a volatility of 0.98%. This indicates that CROP.TO experiences smaller price fluctuations and is considered to be less risky than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CROP.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.98% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 2.81% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 3.22% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 5.11% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 5.16% | -0.75% |
CROP.TO vs. BND.TO - Expense Ratio Comparison
CROP.TO has a 1.97% expense ratio, which is higher than BND.TO's 0.45% expense ratio.
Dividends
CROP.TO vs. BND.TO - Dividend Comparison
CROP.TO's dividend yield for the trailing twelve months is around 5.44%, less than BND.TO's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.94% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
CROP.TO Purpose Credit Opportunities Fund | 5.44% | 5.48% | 5.61% | 5.96% | 5.97% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CROP.TO and BND.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BND.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BND.TO is cheaper with a 0.45% expense ratio, compared with 1.97% for CROP.TO.
CROP.TO is categorized as Nontraditional Bonds, while BND.TO is Global Bonds. Their fees differ too: 1.97% for CROP.TO and 0.45% for BND.TO.
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