CROP.TO vs. PDF.TO
CROP.TO (Purpose Credit Opportunities Fund) and PDF.TO (Purpose Core Dividend Fund) are both exchange-traded funds - CROP.TO is a Nontraditional Bonds fund actively managed by Purpose Investments Inc., while PDF.TO is a Dividend fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 3 years, CROP.TO returned 9.57%/yr vs 18.64%/yr for PDF.TO. At a 0.26 correlation, their price movements are largely independent. CROP.TO charges 1.97%/yr vs 0.66%/yr for PDF.TO.
Performance
CROP.TO vs. PDF.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 lower than PDF.TO's 20.07% 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%
PDF.TO
- 1D
- 0.62%
- 1M
- 2.88%
- 6M
- 16.53%
- YTD
- 20.07%
- 1Y
- 33.26%
- 3Y*
- 18.64%
- 5Y*
- 12.14%
- 10Y*
- 9.50%
- ALL TIME*
- 10.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$135.05K | CA$183.63K | CA$411.80K | |
| CA$201.50K | CA$240.90K | CA$226.04K |
CROP.TO vs. PDF.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% |
PDF.TO Purpose Core Dividend Fund | 20.07% | 20.44% | 13.61% | 4.13% | -1.74% | 5.40% |
Correlation
The correlation between CROP.TO and PDF.TO is -0.00, 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 | -0.00 |
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 | 0.26 |
The correlation between CROP.TO and PDF.TO shifts across timeframes, from -0.00 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CROP.TO vs. PDF.TO — Risk / Return Rank
CROP.TO
PDF.TO
CROP.TO vs. PDF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Credit Opportunities Fund (CROP.TO) and Purpose Core Dividend Fund (PDF.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 | PDF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.74 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 9.40 | 5.26 | +4.14 |
| Martin ratioReturn relative to average drawdown | 25.52 | 23.86 | +1.66 |
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Drawdowns
CROP.TO vs. PDF.TO - Drawdown Comparison
The maximum CROP.TO drawdown since its inception was -8.68%, smaller than the maximum PDF.TO drawdown of -36.00%. Use the drawdown chart below to compare losses from any high point for CROP.TO and PDF.TO.
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Drawdown Indicators
| CROP.TO | PDF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -36.00% | +27.32% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -6.35% | +5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -9.28% | +5.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.00% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.51% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -3.45% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 1.40% | -1.06% |
Volatility
CROP.TO vs. PDF.TO - Volatility Comparison
The current volatility for Purpose Credit Opportunities Fund (CROP.TO) is 0.61%, while Purpose Core Dividend Fund (PDF.TO) has a volatility of 2.48%. This indicates that CROP.TO experiences smaller price fluctuations and is considered to be less risky than PDF.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 | PDF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 2.48% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 6.86% | -5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 8.38% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 10.33% | -5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 13.58% | -9.17% |
CROP.TO vs. PDF.TO - Expense Ratio Comparison
CROP.TO has a 1.97% expense ratio, which is higher than PDF.TO's 0.66% expense ratio.
Dividends
CROP.TO vs. PDF.TO - Dividend Comparison
CROP.TO's dividend yield for the trailing twelve months is around 5.44%, more than PDF.TO's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PDF.TO Purpose Core Dividend Fund | 2.79% | 3.49% | 3.82% | 4.17% | 3.77% | 3.19% | 3.84% | 3.65% | 4.33% | 3.50% | 3.38% | 3.40% |
Frequently Asked Questions
CROP.TO and PDF.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PDF.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PDF.TO is cheaper with a 0.66% expense ratio, compared with 1.97% for CROP.TO.
CROP.TO is categorized as Nontraditional Bonds, while PDF.TO is Dividend. Their fees differ too: 1.97% for CROP.TO and 0.66% for PDF.TO.
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