CROP.TO vs. CMAR.TO
CROP.TO (Purpose Credit Opportunities Fund) and CMAR.TO (CI Marret Alternative Absolute Return Bond Fund) are both Nontraditional Bonds funds. Both are actively managed. Over the past 3 years, CROP.TO returned 9.57%/yr vs 4.40%/yr for CMAR.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
CROP.TO vs. CMAR.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CROP.TO achieves a 3.58% return, which is significantly higher than CMAR.TO's 1.34% 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%
CMAR.TO
- 1D
- -0.22%
- 1M
- -0.83%
- 6M
- 0.56%
- YTD
- 1.34%
- 1Y
- 3.25%
- 3Y*
- 4.40%
- 5Y*
- 1.22%
- 10Y*
- —
- ALL TIME*
- 2.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$5.74K | CA$13.95K | CA$15.58K | |
| CA$135.05K | CA$183.63K | CA$411.80K |
CROP.TO vs. CMAR.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% |
CMAR.TO CI Marret Alternative Absolute Return Bond Fund | 1.34% | 4.98% | 3.37% | 5.33% | -8.32% | 0.54% |
Correlation
The correlation between CROP.TO and CMAR.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CROP.TO vs. CMAR.TO — Risk / Return Rank
CROP.TO
CMAR.TO
CROP.TO vs. CMAR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Credit Opportunities Fund (CROP.TO) and CI Marret Alternative Absolute Return Bond Fund (CMAR.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 | CMAR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.20 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 9.40 | 1.73 | +7.67 |
| Martin ratioReturn relative to average drawdown | 25.52 | 6.70 | +18.82 |
Loading charts...
Drawdowns
CROP.TO vs. CMAR.TO - Drawdown Comparison
The maximum CROP.TO drawdown since its inception was -8.68%, smaller than the maximum CMAR.TO drawdown of -12.07%. Use the drawdown chart below to compare losses from any high point for CROP.TO and CMAR.TO.
Loading charts...
Drawdown Indicators
| CROP.TO | CMAR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -12.07% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -1.92% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -5.12% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.07% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.83% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -2.83% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.49% | -0.15% |
Volatility
CROP.TO vs. CMAR.TO - Volatility Comparison
The current volatility for Purpose Credit Opportunities Fund (CROP.TO) is 0.61%, while CI Marret Alternative Absolute Return Bond Fund (CMAR.TO) has a volatility of 0.94%. This indicates that CROP.TO experiences smaller price fluctuations and is considered to be less risky than CMAR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CROP.TO | CMAR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.94% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 2.08% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 3.49% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 5.82% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 5.36% | -0.95% |
Dividends
CROP.TO vs. CMAR.TO - Dividend Comparison
CROP.TO's dividend yield for the trailing twelve months is around 5.44%, more than CMAR.TO's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CMAR.TO CI Marret Alternative Absolute Return Bond Fund | 4.46% | 4.42% | 4.44% | 4.39% | 3.49% | 2.93% | 2.39% |
CROP.TO Purpose Credit Opportunities Fund | 5.44% | 5.48% | 5.61% | 5.96% | 5.97% | 1.33% | 0.00% |
Frequently Asked Questions
CROP.TO and CMAR.TO have a correlation of 0.08, 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: Purpose Investments Inc. and CI.
Find the right allocation for CROP.TO and CMAR.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer