CI Preferred Share ETF (FPR.TO)

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CI Preferred Share ETF (FPR.TO) is up 5.8% since the beginning of the year. FPR.TO is currently trading at CA$26 per share. Investors who bought CA$1,000 worth of FPR.TO shares 5 years ago would now be looking at an investment worth CA$1,418.

CI Preferred Share ETF (FPR.TO) has returned 5.83% so far this year and 15.42% over the past 12 months. Over the last ten years, FPR.TO has returned 7.63% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.

Based on dividend-adjusted daily data since May 17, 2016, FPR.TO's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +10.4%, while the worst month was Mar 2020 at -16.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FPR.TO closed higher 45% of trading days. The best single day was Mar 30, 2020 with a return of +8.5%, while the worst single day was Mar 18, 2020 at -10.3%.

CI Preferred Share ETF has an annualized alpha of 6.94%, beta of 0.08, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since May 17, 2016.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (37.51%) than losses (31.11%) - typical of diversified or defensive assets.
• Beta of 0.08 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FPR.TO ranks 88 for risk / return — in the top 88% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

CI Preferred Share ETF provided a 4.03% dividend yield over the last twelve months, with an annual payout of CA$1.07 per share.

The table displays the monthly dividend distributions for CI Preferred Share ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the CI Preferred Share ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the CI Preferred Share ETF was 36.12%, occurring on Mar 18, 2020. Recovery took 186 trading sessions.

The current CI Preferred Share ETF drawdown is 0.72%.

The chart below shows the rolling one-month volatility.