RATE.TO vs. CRED.TO
RATE.TO (Arrow EC Income Advantage Alternative Fund) and CRED.TO (CI Alternative Investment Grade Credit Fund) are both Investment Grade Bonds funds. Both are actively managed. Over the past 5 years, RATE.TO returned 4.83%/yr vs 2.97%/yr for CRED.TO. Their 0.09 correlation means their historical movements had little consistent relationship. RATE.TO charges 2.01%/yr vs 1.94%/yr for CRED.TO.
Performance
RATE.TO vs. CRED.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RATE.TO achieves a 1.38% return, which is significantly higher than CRED.TO's 0.90% return.
RATE.TO
- 1D
- -0.19%
- 1M
- 0.00%
- 6M
- 1.13%
- YTD
- 1.38%
- 1Y
- 2.80%
- 3Y*
- 5.22%
- 5Y*
- 4.83%
- 10Y*
- —
- ALL TIME*
- 4.08%
CRED.TO
- 1D
- -0.05%
- 1M
- -0.44%
- 6M
- 0.60%
- YTD
- 0.90%
- 1Y
- 2.60%
- 3Y*
- 5.19%
- 5Y*
- 2.97%
- 10Y*
- —
- ALL TIME*
- 3.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$10.11K | CA$34.72K | CA$29.65K | |
| CA$63.23K | CA$64.17K | CA$66.35K |
RATE.TO vs. CRED.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RATE.TO Arrow EC Income Advantage Alternative Fund | 1.38% | 4.60% | 5.59% | 10.12% | 2.34% | 2.46% | 3.08% |
CRED.TO CI Alternative Investment Grade Credit Fund | 0.90% | 2.77% | 9.26% | 6.00% | -3.41% | 1.48% | 4.34% |
Correlation
The correlation between RATE.TO and CRED.TO is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2020 | 0.09 |
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Return for Risk
RATE.TO vs. CRED.TO — Risk / Return Rank
RATE.TO
CRED.TO
RATE.TO vs. CRED.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow EC Income Advantage Alternative Fund (RATE.TO) and CI Alternative Investment Grade Credit Fund (CRED.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.
| RATE.TO | CRED.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 1.75 | +1.81 |
| Martin ratioReturn relative to average drawdown | 11.80 | 5.84 | +5.96 |
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Drawdowns
RATE.TO vs. CRED.TO - Drawdown Comparison
The maximum RATE.TO drawdown since its inception was -14.01%, which is greater than CRED.TO's maximum drawdown of -10.05%. Use the drawdown chart below to compare losses from any high point for RATE.TO and CRED.TO.
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Drawdown Indicators
| RATE.TO | CRED.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.01% | -10.05% | -3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.80% | -1.52% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -2.78% | -2.82% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -3.38% | -6.00% | +2.62% |
Current DrawdownCurrent decline from peak | -0.23% | -0.44% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -1.45% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.46% | -0.22% |
Volatility
RATE.TO vs. CRED.TO - Volatility Comparison
Arrow EC Income Advantage Alternative Fund (RATE.TO) has a higher volatility of 0.66% compared to CI Alternative Investment Grade Credit Fund (CRED.TO) at 0.55%. This indicates that RATE.TO's price experiences larger fluctuations and is considered to be riskier than CRED.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RATE.TO | CRED.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.55% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 1.45% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 1.86% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 2.69% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 3.43% | +2.30% |
RATE.TO vs. CRED.TO - Expense Ratio Comparison
RATE.TO has a 2.01% expense ratio, which is higher than CRED.TO's 1.94% expense ratio.
Dividends
RATE.TO vs. CRED.TO - Dividend Comparison
RATE.TO's dividend yield for the trailing twelve months is around 4.66%, more than CRED.TO's 2.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRED.TO CI Alternative Investment Grade Credit Fund | 2.99% | 2.96% | 2.95% | 3.13% | 3.21% | 3.01% | 2.79% | 0.00% | 0.00% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 4.66% | 4.60% | 4.69% | 4.74% | 4.11% | 3.52% | 2.98% | 2.99% | 2.32% |
Frequently Asked Questions
RATE.TO and CRED.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRED.TO is cheaper at 1.94% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRED.TO is cheaper with a 1.94% expense ratio, compared with 2.01% for RATE.TO.
They also come from different issuers: Arrow Capital Management Inc. and CI. Their fees differ too: 2.01% for RATE.TO and 1.94% for CRED.TO.
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