PINC.TO vs. CROP.TO
PINC.TO (Purpose Multi-Asset Income Fund) and CROP.TO (Purpose Credit Opportunities Fund) are both exchange-traded funds - PINC.TO is a Derivative Income 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, PINC.TO returned 14.69%/yr vs 9.57%/yr for CROP.TO. At a 0.26 correlation, their price movements are largely independent. PINC.TO charges 1.04%/yr vs 1.97%/yr for CROP.TO.
Performance
PINC.TO vs. CROP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PINC.TO achieves a 18.40% return, which is significantly higher than CROP.TO's 3.58% return.
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%
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$10.04K | CA$9.73K | CA$12.47K |
PINC.TO vs. CROP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PINC.TO Purpose Multi-Asset Income Fund | 18.40% | 14.41% | 11.54% | 0.95% | -12.11% | 3.05% |
CROP.TO Purpose Credit Opportunities Fund | 3.58% | 8.10% | 12.74% | 6.36% | -5.82% | 0.07% |
Correlation
The correlation between PINC.TO and CROP.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 PINC.TO and CROP.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
PINC.TO vs. CROP.TO — Risk / Return Rank
PINC.TO
CROP.TO
PINC.TO vs. CROP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Multi-Asset Income Fund (PINC.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.
| PINC.TO | CROP.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 | 1.81 | 1.52 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 6.87 | 9.40 | -2.53 |
| Martin ratioReturn relative to average drawdown | 26.66 | 25.52 | +1.14 |
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Drawdowns
PINC.TO vs. CROP.TO - Drawdown Comparison
The maximum PINC.TO drawdown since its inception was -43.84%, 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 PINC.TO and CROP.TO.
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Drawdown Indicators
| PINC.TO | CROP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.84% | -8.68% | -35.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -0.91% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -10.48% | -4.10% | -6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.21% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -2.42% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.34% | +0.59% |
Volatility
PINC.TO vs. CROP.TO - Volatility Comparison
Purpose Multi-Asset Income Fund (PINC.TO) has a higher volatility of 1.54% compared to Purpose Credit Opportunities Fund (CROP.TO) at 0.61%. This indicates that PINC.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
| PINC.TO | CROP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 0.61% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 5.06% | 1.85% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 3.16% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 4.41% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.70% | 4.41% | +10.29% |
PINC.TO vs. CROP.TO - Expense Ratio Comparison
PINC.TO has a 1.04% expense ratio, which is lower than CROP.TO's 1.97% expense ratio.
Dividends
PINC.TO vs. CROP.TO - Dividend Comparison
PINC.TO's dividend yield for the trailing twelve months is around 4.37%, 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% |
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
PINC.TO and CROP.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.
PINC.TO is categorized as Derivative Income, while CROP.TO is Nontraditional Bonds. Their fees differ too: 1.04% for PINC.TO and 1.97% for CROP.TO.
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