A side-by-side comparison of Purpose Credit Opportunities Fund ETF (CROP) and Picton Mahoney Fortified Income Alternative Fund ETF (PFIA) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | CROP | PFIA |
|---|---|---|
| YTD Return | -1.92%✓ | -5.20% |
| 1-Day Change | 0.00%✓ | -0.10% |
| 1-Week Change | -0.26% | 0.00%✓ |
| 1-Month Change | -0.58% | -1.02%✓ |
| Current Price | $18.90 | $9.66 |
| AUM | $308M | $435M✓ |
| MER (Expense Ratio) | — | — |
| Dividend Yield | 5.53% | 5.62%✓ |
| Distribution Frequency | Monthly | — |
| Inception Date | 2021-09-29 | 2019-07-12 |
| Holdings Count | 1 | 9 |
| MorningStar Rating | — | — |
| Category | Private Credit | Private Credit |
| Beta | 0.00 | 0.00 |
| 52-Week High | $19.12 | $9.86 |
| 52-Week Low | $18.29 | $9.37 |
| 50-Day MA | $19.09 | $9.81 |
| 200-Day MA | $19.25 | $10.01 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | CROP | PFIA |
|---|---|---|
| YTD | -1.92%✓ | -5.20% |
| 1 Year | +2.89%✓ | -0.25% |
| 3 Year | +9.53%✓ | +5.34% |
| 5 Year | +4.66%✓ | +3.25% |
| 10 Year | +0.00% | — |
| 1Y Volatility | 2.23% | 1.76% |
| Sharpe Ratio (3Y) | 1.52 | 1.01 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | RPS | Purpose Canadian Preferred Share Fund ETF | 3.70% |
| 1 | Builders Firstsource, Inc. 6.75% | 3.82% | |
| 2 | iShares iBoxx $ High Yield Corp Bd ETF | 3.71% | |
| 3 | Norbord Inc. 5.75% | 2.68% | |
| 4 | Cleveland-Cliffs Inc 9.88% | 2.79% | |
| 5 | MDC Partners Inc. 6.5% | 2.54% | |
| 6 | Parsley Energy LLC 5.62% | 2.54% | |
| 7 | Videotron LTD/ Videotron LTEE 4.5% | 2.45% | |
| 8 | Standard Chartered plc | 2.44% | |
| 9 | Navistar International Corporation 9.5% | 2.39% |
Sector Weights
| Sector | CROP | PFIA |
|---|---|---|
| Basic Materials | 0.02% | 2.53% |
| Communication Services | 11.03% | 8.10% |
| Consumer Cyclicals | 0.00% | 14.07% |
| Consumer Defensive | 0.00% | 3.28% |
| Energy | 17.00% | 1.59% |
| Financial Services | 21.09% | 12.92% |
| Healthcare | 0.02% | 9.60% |
| Industrials | 0.00% | 15.89% |
| Real Estate | 43.99% | 0.92% |
| Technology | 0.00% | 29.11% |
| Utilities | 6.71% | 0.91% |
About CROP
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About PFIA
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Which ETF is Right for You?
Both CROP and PFIA are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, PFIA scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between CROP and PFIA?
CROP (Purpose Credit Opportunities Fund ETF) and PFIA (Picton Mahoney Fortified Income Alternative Fund ETF) are both Canadian-listed ETFs. Key differences include their AUM ($308M vs $435M), dividend yield (5.53% vs 5.62%), and year-to-date performance (-1.92% vs -5.20%).
Is CROP better than PFIA?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, CROP has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy CROP and PFIA on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both CROP and PFIA should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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