CROP.TO vs. CAPM.TO
CROP.TO (Purpose Credit Opportunities Fund) and CAPM.TO (Capital Group Multi-Sector Income Select ETF (Canada)) are both exchange-traded funds - CROP.TO is a Nontraditional Bonds fund actively managed by Purpose, while CAPM.TO is a Multisector Bonds fund actively managed by Capital Group. Both are actively managed. Over the past year, CROP.TO returned 7.87% vs 2.41% for CAPM.TO. Their 0.16 correlation means their historical movements had little consistent relationship. CROP.TO charges 1.97%/yr vs 0.42%/yr for CAPM.TO.
Performance
CROP.TO vs. CAPM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CROP.TO achieves a 3.14% return, which is significantly higher than CAPM.TO's -0.07% return.
CROP.TO
- 1D
- -0.16%
- 1M
- -0.42%
- 6M
- 2.62%
- YTD
- 3.14%
- 1Y
- 7.87%
- 3Y*
- 9.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.89%
CAPM.TO
- 1D
- -0.14%
- 1M
- -1.01%
- 6M
- -0.27%
- YTD
- -0.07%
- 1Y
- 2.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$350.96K | CA$289.20K | CA$368.04K | |
| CA$107.93K | CA$153.61K | CA$412.87K |
CROP.TO vs. CAPM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CROP.TO Purpose Credit Opportunities Fund | 3.14% | 8.10% | 2.84% |
CAPM.TO Capital Group Multi-Sector Income Select ETF (Canada) | -0.07% | 6.74% | -0.02% |
Correlation
The correlation between CROP.TO and CAPM.TO is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024 | 0.16 |
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Return for Risk
CROP.TO vs. CAPM.TO — Risk / Return Rank
CROP.TO
CAPM.TO
CROP.TO vs. CAPM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Credit Opportunities Fund (CROP.TO) and Capital Group Multi-Sector Income Select ETF (Canada) (CAPM.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 | CAPM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.16 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 8.72 | 1.00 | +7.72 |
| Martin ratioReturn relative to average drawdown | 23.15 | 3.79 | +19.35 |
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Drawdowns
CROP.TO vs. CAPM.TO - Drawdown Comparison
The maximum CROP.TO drawdown since its inception was -8.68%, which is greater than CAPM.TO's maximum drawdown of -4.18%. Use the drawdown chart below to compare losses from any high point for CROP.TO and CAPM.TO.
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Drawdown Indicators
| CROP.TO | CAPM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -4.18% | -4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -2.50% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.24% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -0.60% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.66% | -0.32% |
Volatility
CROP.TO vs. CAPM.TO - Volatility Comparison
Purpose Credit Opportunities Fund (CROP.TO) and Capital Group Multi-Sector Income Select ETF (Canada) (CAPM.TO) have volatilities of 0.56% and 0.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CROP.TO | CAPM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 0.58% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 2.15% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 2.92% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 3.33% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 3.33% | +1.08% |
CROP.TO vs. CAPM.TO - Expense Ratio Comparison
CROP.TO has a 1.97% expense ratio, which is higher than CAPM.TO's 0.42% expense ratio.
Dividends
CROP.TO vs. CAPM.TO - Dividend Comparison
CROP.TO's dividend yield for the trailing twelve months is around 5.49%, less than CAPM.TO's 5.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CAPM.TO Capital Group Multi-Sector Income Select ETF (Canada) | 5.73% | 5.35% | 1.04% | 0.00% | 0.00% | 0.00% |
CROP.TO Purpose Credit Opportunities Fund | 5.49% | 5.48% | 5.61% | 5.96% | 5.97% | 1.33% |
Frequently Asked Questions
CROP.TO and CAPM.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CAPM.TO is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CAPM.TO is cheaper with a 0.42% expense ratio, compared with 1.97% for CROP.TO.
CROP.TO is categorized as Nontraditional Bonds, while CAPM.TO is Multisector Bonds. They also come from different issuers: Purpose and Capital Group. Their fees differ too: 1.97% for CROP.TO and 0.42% for CAPM.TO.
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