CROP.TO vs. CMEY.TO
CROP.TO (Purpose Credit Opportunities Fund) and CMEY.TO (CI Marret Alternative Enhanced Yield Fund) are both Nontraditional Bonds funds. Both are actively managed. Over the past 3 years, CROP.TO returned 9.57%/yr vs 4.81%/yr for CMEY.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
CROP.TO vs. CMEY.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 CMEY.TO's 1.74% 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%
CMEY.TO
- 1D
- -0.20%
- 1M
- -0.71%
- 6M
- 1.02%
- YTD
- 1.74%
- 1Y
- 3.72%
- 3Y*
- 4.81%
- 5Y*
- 2.78%
- 10Y*
- —
- ALL TIME*
- 3.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$8.82K | CA$7.44K | CA$23.06K | |
| CA$135.05K | CA$183.63K | CA$411.80K |
CROP.TO vs. CMEY.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% |
CMEY.TO CI Marret Alternative Enhanced Yield Fund | 1.74% | 4.69% | 5.49% | 5.05% | -2.64% | -0.27% |
Correlation
The correlation between CROP.TO and CMEY.TO is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.09 |
The correlation between CROP.TO and CMEY.TO shifts across timeframes, from -0.05 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CROP.TO vs. CMEY.TO — Risk / Return Rank
CROP.TO
CMEY.TO
CROP.TO vs. CMEY.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 Enhanced Yield Fund (CMEY.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 | CMEY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.24 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 9.40 | 2.62 | +6.78 |
| Martin ratioReturn relative to average drawdown | 25.52 | 8.46 | +17.06 |
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Drawdowns
CROP.TO vs. CMEY.TO - Drawdown Comparison
The maximum CROP.TO drawdown since its inception was -8.68%, which is greater than CMEY.TO's maximum drawdown of -5.57%. Use the drawdown chart below to compare losses from any high point for CROP.TO and CMEY.TO.
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Drawdown Indicators
| CROP.TO | CMEY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -5.57% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -1.41% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -2.96% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.57% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.86% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -0.90% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.43% | -0.09% |
Volatility
CROP.TO vs. CMEY.TO - Volatility Comparison
The current volatility for Purpose Credit Opportunities Fund (CROP.TO) is 0.61%, while CI Marret Alternative Enhanced Yield Fund (CMEY.TO) has a volatility of 1.05%. This indicates that CROP.TO experiences smaller price fluctuations and is considered to be less risky than CMEY.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 | CMEY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.05% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 2.46% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 3.10% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 3.86% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 3.61% | +0.80% |
Dividends
CROP.TO vs. CMEY.TO - Dividend Comparison
CROP.TO's dividend yield for the trailing twelve months is around 5.44%, more than CMEY.TO's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CMEY.TO CI Marret Alternative Enhanced Yield Fund | 4.40% | 4.38% | 4.39% | 4.43% | 3.37% | 2.72% | 0.29% |
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 CMEY.TO have a correlation of -0.05, 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.
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