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Dynamic Active Preferred Shares ETF (DXP.TO) Diversifiers

ETF · Currency in CAD · Last updated Jul 1, 2026

The Dynamic Active Preferred Shares ETF is an actively managed fund that seeks to provide dividend income while preserving capital by investing primarily in preferred shares of Canadian-based businesses. The fund pays monthly distributions and is managed by 1832 Asset Management under the Dynamic Funds brand.

Looking to diversify beyond DXP.TO? The ETFs below have the lowest correlation with DXP.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DXP.TO.

Best Diversifiers for DXP.TO

5 ETFs have low correlation with DXP.TO (below 0.3), 0 of which are negatively correlated. The least correlated is CI Preferred Share ETF (FPR.TO) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.05, down from 0.17 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FPR.TO
CI Preferred Share ETF0.050.110.17
88
Preferred Stock/Convertible BondsDXP.TO vs FPR.TO
HYBR.TO
Global X Active Hybrid Bond and Preferred Share ET...0.080.170.21
91
Preferred Stock/Convertible BondsDXP.TO vs HYBR.TO
DXU.TO
Dynamic Active U.S. Dividend ETF0.110.140.13
74
DividendDXP.TO vs DXU.TO
SPLT.TO
Brompton Split Corp. Preferred Share ETF0.130.13—
69
Preferred Stock/Convertible BondsDXP.TO vs SPLT.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETF0.140.17—
67
Derivative IncomeDXP.TO vs DXQ.TO
See all 11 diversifiers for DXP.TO

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Diversification Analysis

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Add DXP.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

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