IGB.TO vs. CROP.TO
IGB.TO (Purpose Global Bond Class) and CROP.TO (Purpose Credit Opportunities Fund) are both exchange-traded funds - IGB.TO is a Global Bonds fund actively managed by Purpose Investments Inc., while CROP.TO is a Nontraditional Bonds fund actively managed by Purpose Investments Inc.. Both are actively managed. Over the past 3 years, IGB.TO returned 5.79%/yr vs 9.57%/yr for CROP.TO. At a 0.21 correlation, their price movements are largely independent. IGB.TO charges 0.55%/yr vs 1.97%/yr for CROP.TO.
Performance
IGB.TO vs. CROP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, IGB.TO achieves a -0.32% return, which is significantly lower than CROP.TO's 3.58% return.
IGB.TO
- 1D
- 0.00%
- 1M
- -1.48%
- 6M
- -0.65%
- YTD
- -0.32%
- 1Y
- 1.77%
- 3Y*
- 5.79%
- 5Y*
- 2.38%
- 10Y*
- —
- ALL TIME*
- 2.74%
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%
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$95.58K | CA$158.59K | CA$295.38K |
IGB.TO vs. CROP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGB.TO Purpose Global Bond Class | -0.32% | 6.05% | 7.47% | 7.40% | -7.68% | 0.21% |
CROP.TO Purpose Credit Opportunities Fund | 3.58% | 8.10% | 12.74% | 6.36% | -5.82% | 0.07% |
Correlation
The correlation between IGB.TO and CROP.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.21 |
The correlation between IGB.TO and CROP.TO shifts across timeframes, from 0.21 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGB.TO vs. CROP.TO — Risk / Return Rank
IGB.TO
CROP.TO
IGB.TO vs. CROP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Class (IGB.TO) and Purpose Credit Opportunities Fund (CROP.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.
| IGB.TO | CROP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.52 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 9.40 | -8.78 |
| Martin ratioReturn relative to average drawdown | 2.16 | 25.52 | -23.36 |
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Drawdowns
IGB.TO vs. CROP.TO - Drawdown Comparison
The maximum IGB.TO drawdown since its inception was -16.40%, which is greater than CROP.TO's maximum drawdown of -8.68%. Use the drawdown chart below to compare losses from any high point for IGB.TO and CROP.TO.
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Drawdown Indicators
| IGB.TO | CROP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -8.68% | -7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -0.91% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -4.28% | -4.10% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -12.34% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.21% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -2.42% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.34% | +0.48% |
Volatility
IGB.TO vs. CROP.TO - Volatility Comparison
Purpose Global Bond Class (IGB.TO) has a higher volatility of 0.73% compared to Purpose Credit Opportunities Fund (CROP.TO) at 0.61%. This indicates that IGB.TO's price experiences larger fluctuations and is considered to be riskier than CROP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGB.TO | CROP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.61% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 1.85% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 3.16% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 4.41% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 4.41% | +1.34% |
IGB.TO vs. CROP.TO - Expense Ratio Comparison
IGB.TO has a 0.55% expense ratio, which is lower than CROP.TO's 1.97% expense ratio.
Dividends
IGB.TO vs. CROP.TO - Dividend Comparison
IGB.TO's dividend yield for the trailing twelve months is around 4.86%, less than CROP.TO's 5.44% 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% |
IGB.TO Purpose Global Bond Class | 4.86% | 5.18% | 5.23% | 4.58% | 4.14% | 3.67% | 3.48% | 2.86% | 1.58% |
Frequently Asked Questions
IGB.TO and CROP.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGB.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGB.TO is cheaper with a 0.55% expense ratio, compared with 1.97% for CROP.TO.
IGB.TO is categorized as Global Bonds, while CROP.TO is Nontraditional Bonds. Their fees differ too: 0.55% for IGB.TO and 1.97% for CROP.TO.
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