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CPD.TO vs. SPLT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CPD.TO vs. SPLT.TO

Last updated Jun 4, 2026

CPD.TO (iShares S&P/TSX Canadian Preferred Share Index ETF) and SPLT.TO (Brompton Split Corp. Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. CPD.TO is passively managed, while SPLT.TO is actively managed. Over the past year, CPD.TO returned 14.16% vs 5.81% for SPLT.TO. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

CPD.TO vs. SPLT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) and Brompton Split Corp. Preferred Share ETF (SPLT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CPD.TO achieves a 3.57% return, which is significantly higher than SPLT.TO's 2.84% return.

CPD.TO

1D
-0.07%
1M
0.79%
YTD
3.57%
6M
4.38%
1Y
14.16%
3Y*
15.84%
5Y*
5.55%
10Y*
6.38%

SPLT.TO

1D
-0.09%
1M
1.89%
YTD
2.84%
6M
3.64%
1Y
5.81%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CPD.TO vs. SPLT.TO - Yearly Performance Comparison

2026 (YTD)202520242023
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		3.57%16.10%23.31%4.17%
SPLT.TO
Brompton Split Corp. Preferred Share ETF		2.84%5.80%14.11%5.46%

Correlation

The correlation between CPD.TO and SPLT.TO is -0.00, 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

-0.00

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2023

0.13

The correlation between CPD.TO and SPLT.TO shifts across timeframes, from -0.00 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

CPD.TO vs. SPLT.TO - Sectors Allocation Comparison

Sectors
CPD.TO
SPLT.TO

Financial Services

6.3%
100.0%

Consumer Defensive

0.5%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

CPD.TO
6.3%
SPLT.TO
100.0%

Consumer Defensive

CPD.TO
0.5%
SPLT.TO

-

Basic Materials

CPD.TO

-

SPLT.TO

-

Communication Services

CPD.TO

-

SPLT.TO

-

Consumer Cyclical

CPD.TO

-

SPLT.TO

-

Energy

CPD.TO

-

SPLT.TO

-

Healthcare

CPD.TO

-

SPLT.TO

-

Industrials

CPD.TO

-

SPLT.TO

-

Real Estate

CPD.TO

-

SPLT.TO

-

Technology

CPD.TO

-

SPLT.TO

-

Utilities

CPD.TO

-

SPLT.TO

-

Compare stocks, funds, or ETFs

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iShares S&P/TSX Canadian Preferred Share Index ETF

Brompton Split Corp. Preferred Share ETF

Often compared with CPD.TO:
CPD.TO vs. XEI.TOCPD.TO vs. VDY.TOCPD.TO vs. XDIV.TOCPD.TO vs. fie.TOCPD.TO vs. VFV.TOCPD.TO vs. XAW.TOCPD.TO vs. ^GSPC
Often compared with SPLT.TO:
SPLT.TO vs. ZPR.TOSPLT.TO vs. CLSA.TOSPLT.TO vs. HLPR.TOSPLT.TO vs. BMAX.TOSPLT.TO vs. HBIL.TOSPLT.TO vs. ZCS.TOSPLT.TO vs. TPRF.TO

Return for Risk

CPD.TO vs. SPLT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CPD.TO
CPD.TO Risk / Return Rank: 9393
Overall Rank
CPD.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
CPD.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
CPD.TO Omega Ratio Rank: 9595
Omega Ratio Rank
CPD.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
CPD.TO Martin Ratio Rank: 9494
Martin Ratio Rank
SPLT.TO
SPLT.TO Risk / Return Rank: 5454
Overall Rank
SPLT.TO Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
SPLT.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
SPLT.TO Omega Ratio Rank: 5555
Omega Ratio Rank
SPLT.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
SPLT.TO Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPD.TO vs. SPLT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) and Brompton Split Corp. Preferred Share ETF (SPLT.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.

CPD.TOSPLT.TODifference
Sharpe ratioReturn per unit of total volatility
3.45
1.74

+1.71

Sortino ratioReturn per unit of downside risk
4.73
2.51

+2.22

Omega ratioGain probability vs. loss probability

1.76

1.34

+0.42

Calmar ratioReturn relative to maximum drawdown

5.27

3.21

+2.07

Martin ratioReturn relative to average drawdown

26.40

8.60

+17.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPD.TO vs. SPLT.TO - Sharpe Ratio Comparison

The current CPD.TO Sharpe Ratio is 3.45, which is higher than the SPLT.TO Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of CPD.TO and SPLT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CPD.TOSPLT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.45

1.74

+1.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

2.05

-1.72

Drawdowns

CPD.TO vs. SPLT.TO - Drawdown Comparison

The maximum CPD.TO drawdown since its inception was -40.92%, which is greater than SPLT.TO's maximum drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for CPD.TO and SPLT.TO.

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Drawdown Indicators

CPD.TOSPLT.TODifference

Max Drawdown

Largest peak-to-trough decline

-40.92%

-5.36%

-35.56%

Max Drawdown (1Y)

Largest decline over 1 year

-2.70%

-1.82%

-0.88%

Max Drawdown (3Y)

Largest decline over 3 years

-7.65%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-24.12%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-40.92%

—

—

Current Drawdown

Current decline from peak

-0.36%

-0.14%

-0.22%

Average Drawdown

Average peak-to-trough decline

-6.70%

-0.51%

-6.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.54%

0.68%

-0.14%

Volatility

CPD.TO vs. SPLT.TO - Volatility Comparison

iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) has a higher volatility of 0.87% compared to Brompton Split Corp. Preferred Share ETF (SPLT.TO) at 0.74%. This indicates that CPD.TO's price experiences larger fluctuations and is considered to be riskier than SPLT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CPD.TOSPLT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.87%

0.74%

+0.13%

Volatility (6M)

Calculated over the trailing 6-month period

2.79%

2.25%

+0.54%

Volatility (1Y)

Calculated over the trailing 1-year period

4.12%

3.36%

+0.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.71%

4.67%

+3.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.62%

4.67%

+5.95%

CPD.TO vs. SPLT.TO - Expense Ratio Comparison

Both CPD.TO and SPLT.TO have an expense ratio of 0.50%.

Dividends

CPD.TO vs. SPLT.TO - Dividend Comparison

CPD.TO's dividend yield for the trailing twelve months is around 5.02%, less than SPLT.TO's 5.99% yield.

PositionTTM20252024202320222021202020192018201720162015
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		5.02%4.96%5.11%5.88%5.53%4.17%4.96%5.02%4.74%4.33%4.85%5.44%
SPLT.TO
Brompton Split Corp. Preferred Share ETF		5.99%6.01%5.99%3.54%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CPD.TO and SPLT.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

CPD.TO and SPLT.TO have the same expense ratio: 0.50% per year.

They also come from different issuers: iShares and Brompton Funds.

Portfolio Optimizer

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