PRA.TO vs. CROP.TO
PRA.TO (Purpose Diversified Real Asset Fund) and CROP.TO (Purpose Credit Opportunities Fund) are both exchange-traded funds - PRA.TO is a Diversified Portfolio 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, PRA.TO returned 17.58%/yr vs 9.57%/yr for CROP.TO. At a 0.18 correlation, their price movements are largely independent. PRA.TO charges 0.73%/yr vs 1.97%/yr for CROP.TO.
Performance
PRA.TO vs. CROP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PRA.TO achieves a 26.15% return, which is significantly higher than CROP.TO's 3.58% return.
PRA.TO
- 1D
- 0.42%
- 1M
- 5.87%
- 6M
- 15.04%
- YTD
- 26.15%
- 1Y
- 38.59%
- 3Y*
- 17.58%
- 5Y*
- 15.86%
- 10Y*
- 10.51%
- ALL TIME*
- 7.94%
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$227.74K | CA$395.74K | CA$474.14K |
PRA.TO vs. CROP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PRA.TO Purpose Diversified Real Asset Fund | 26.15% | 18.21% | 8.78% | 2.07% | 15.88% | 8.20% |
CROP.TO Purpose Credit Opportunities Fund | 3.58% | 8.10% | 12.74% | 6.36% | -5.82% | 0.07% |
Correlation
The correlation between PRA.TO and CROP.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 | 0.18 |
The correlation between PRA.TO and CROP.TO shifts across timeframes, from -0.05 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PRA.TO vs. CROP.TO — Risk / Return Rank
PRA.TO
CROP.TO
PRA.TO vs. CROP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Diversified Real Asset Fund (PRA.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.
| PRA.TO | CROP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.52 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.32 | 9.40 | -3.08 |
| Martin ratioReturn relative to average drawdown | 20.55 | 25.52 | -4.97 |
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Drawdowns
PRA.TO vs. CROP.TO - Drawdown Comparison
The maximum PRA.TO drawdown since its inception was -34.17%, 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 PRA.TO and CROP.TO.
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Drawdown Indicators
| PRA.TO | CROP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.17% | -8.68% | -25.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -0.91% | -5.22% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -4.10% | -9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.26% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.21% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -2.42% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.34% | +1.54% |
Volatility
PRA.TO vs. CROP.TO - Volatility Comparison
Purpose Diversified Real Asset Fund (PRA.TO) has a higher volatility of 2.76% compared to Purpose Credit Opportunities Fund (CROP.TO) at 0.61%. This indicates that PRA.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
| PRA.TO | CROP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 0.61% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 1.85% | +7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 3.16% | +9.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.59% | 4.41% | +9.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 4.41% | +10.04% |
PRA.TO vs. CROP.TO - Expense Ratio Comparison
PRA.TO has a 0.73% expense ratio, which is lower than CROP.TO's 1.97% expense ratio.
Dividends
PRA.TO vs. CROP.TO - Dividend Comparison
PRA.TO's dividend yield for the trailing twelve months is around 2.07%, less than CROP.TO's 5.44% 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% |
PRA.TO Purpose Diversified Real Asset Fund | 2.07% | 3.23% | 2.95% | 3.12% | 1.93% | 1.25% | 1.52% | 1.57% | 1.77% | 1.93% | 1.64% | 2.09% |
Frequently Asked Questions
PRA.TO and CROP.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.
On fees, PRA.TO is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRA.TO is cheaper with a 0.73% expense ratio, compared with 1.97% for CROP.TO.
PRA.TO is categorized as Diversified Portfolio, while CROP.TO is Nontraditional Bonds. Their fees differ too: 0.73% for PRA.TO and 1.97% for CROP.TO.
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