CROP.TO vs. PINC.TO
CROP.TO (Purpose Credit Opportunities Fund) and PINC.TO (Purpose Multi-Asset Income Fund) are both exchange-traded funds - CROP.TO is a Nontraditional Bonds fund actively managed by Purpose Investments Inc., while PINC.TO is a Derivative Income fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 3 years, CROP.TO returned 9.57%/yr vs 14.69%/yr for PINC.TO. At a 0.26 correlation, their price movements are largely independent. CROP.TO charges 1.97%/yr vs 1.04%/yr for PINC.TO.
Performance
CROP.TO vs. PINC.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 PINC.TO's 18.40% 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%
PINC.TO
- 1D
- 0.57%
- 1M
- 1.74%
- 6M
- 17.22%
- YTD
- 18.40%
- 1Y
- 24.52%
- 3Y*
- 14.69%
- 5Y*
- 6.92%
- 10Y*
- —
- ALL TIME*
- 7.09%
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$10.04K | CA$9.73K | CA$12.47K |
CROP.TO vs. PINC.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% |
PINC.TO Purpose Multi-Asset Income Fund | 18.40% | 14.41% | 11.54% | 0.95% | -12.11% | 3.05% |
Correlation
The correlation between CROP.TO and PINC.TO is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.26 |
Over the past year, the correlation between CROP.TO and PINC.TO has dropped to 0.02 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
CROP.TO vs. PINC.TO — Risk / Return Rank
CROP.TO
PINC.TO
CROP.TO vs. PINC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Credit Opportunities Fund (CROP.TO) and Purpose Multi-Asset Income Fund (PINC.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 | PINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.81 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 9.40 | 6.87 | +2.53 |
| Martin ratioReturn relative to average drawdown | 25.52 | 26.66 | -1.14 |
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Drawdowns
CROP.TO vs. PINC.TO - Drawdown Comparison
The maximum CROP.TO drawdown since its inception was -8.68%, smaller than the maximum PINC.TO drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for CROP.TO and PINC.TO.
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Drawdown Indicators
| CROP.TO | PINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -43.84% | +35.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -3.59% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -10.48% | +6.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.04% | — |
Current DrawdownCurrent decline from peak | -0.21% | 0.00% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -5.81% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.93% | -0.59% |
Volatility
CROP.TO vs. PINC.TO - Volatility Comparison
The current volatility for Purpose Credit Opportunities Fund (CROP.TO) is 0.61%, while Purpose Multi-Asset Income Fund (PINC.TO) has a volatility of 1.54%. This indicates that CROP.TO experiences smaller price fluctuations and is considered to be less risky than PINC.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 | PINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.54% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 5.06% | -3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 6.35% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 8.38% | -3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 14.70% | -10.29% |
CROP.TO vs. PINC.TO - Expense Ratio Comparison
CROP.TO has a 1.97% expense ratio, which is higher than PINC.TO's 1.04% expense ratio.
Dividends
CROP.TO vs. PINC.TO - Dividend Comparison
CROP.TO's dividend yield for the trailing twelve months is around 5.44%, more than PINC.TO's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CROP.TO Purpose Credit Opportunities Fund | 5.44% | 5.48% | 5.61% | 5.96% | 5.97% | 1.33% | 0.00% | 0.00% | 0.00% |
PINC.TO Purpose Multi-Asset Income Fund | 4.37% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% |
Frequently Asked Questions
CROP.TO and PINC.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PINC.TO is cheaper at 1.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PINC.TO is cheaper with a 1.04% expense ratio, compared with 1.97% for CROP.TO.
CROP.TO is categorized as Nontraditional Bonds, while PINC.TO is Derivative Income. Their fees differ too: 1.97% for CROP.TO and 1.04% for PINC.TO.
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