CPD.TO vs. VEQT.TO
CPD.TO (iShares S&P/TSX Canadian Preferred Share Index ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - CPD.TO is a Preferred Stock/Convertible Bonds fund tracking the S&P/TSX Preferred Share TR, while VEQT.TO is a Global Equities fund actively managed by Vanguard. CPD.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, CPD.TO returned 5.55%/yr vs 14.01%/yr for VEQT.TO. At a 0.34 correlation, their price movements are largely independent. CPD.TO charges 0.50%/yr vs 0.24%/yr for VEQT.TO.
Performance
CPD.TO vs. VEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CPD.TO achieves a 3.57% return, which is significantly lower than VEQT.TO's 12.75% 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%
VEQT.TO
- 1D
- -0.54%
- 1M
- 6.10%
- YTD
- 12.75%
- 6M
- 12.66%
- 1Y
- 31.65%
- 3Y*
- 22.37%
- 5Y*
- 14.01%
- 10Y*
- —
CPD.TO vs. VEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CPD.TO iShares S&P/TSX Canadian Preferred Share Index ETF | 3.57% | 16.10% | 23.31% | 6.23% | -19.19% | 18.85% | 5.35% | 1.86% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 12.75% | 20.37% | 24.73% | 16.70% | -10.76% | 19.62% | 11.42% | 12.94% |
Correlation
The correlation between CPD.TO and VEQT.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.34 |
The correlation between CPD.TO and VEQT.TO shifts across timeframes, from 0.24 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
CPD.TO vs. VEQT.TO - Sectors Allocation Comparison
Sectors
CPD.TO
VEQT.TO
Financial Services
Consumer Defensive
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Energy
-
Healthcare
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Financial Services
CPD.TO
VEQT.TO
Consumer Defensive
CPD.TO
VEQT.TO
Basic Materials
CPD.TO
-
VEQT.TO
Communication Services
CPD.TO
-
VEQT.TO
Consumer Cyclical
CPD.TO
-
VEQT.TO
Energy
CPD.TO
-
VEQT.TO
Healthcare
CPD.TO
-
VEQT.TO
Industrials
CPD.TO
-
VEQT.TO
Real Estate
CPD.TO
-
VEQT.TO
Technology
CPD.TO
-
VEQT.TO
Utilities
CPD.TO
-
VEQT.TO
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Return for Risk
CPD.TO vs. VEQT.TO — Risk / Return Rank
CPD.TO
VEQT.TO
CPD.TO vs. VEQT.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 Vanguard All-Equity ETF Portfolio (VEQT.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.TO | VEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.51 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 3.95 | +1.32 |
| Martin ratioReturn relative to average drawdown | 26.40 | 17.38 | +9.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPD.TO | VEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.45 | 2.74 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.09 | -0.37 |
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 | 0.91 | -0.58 |
Drawdowns
CPD.TO vs. VEQT.TO - Drawdown Comparison
The maximum CPD.TO drawdown since its inception was -40.92%, which is greater than VEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for CPD.TO and VEQT.TO.
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Drawdown Indicators
| CPD.TO | VEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.92% | -30.45% | -10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -8.05% | +5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -7.65% | -15.46% | +7.81% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | -18.32% | -5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -40.92% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.54% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -3.71% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.83% | -1.29% |
Volatility
CPD.TO vs. VEQT.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) is 0.87%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 3.68%. This indicates that CPD.TO experiences smaller price fluctuations and is considered to be less risky than VEQT.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.TO | VEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 3.68% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 9.37% | -6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 11.61% | -7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 12.90% | -5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.62% | 15.77% | -5.15% |
CPD.TO vs. VEQT.TO - Expense Ratio Comparison
CPD.TO has a 0.50% expense ratio, which is higher than VEQT.TO's 0.24% expense ratio.
Dividends
CPD.TO vs. VEQT.TO - Dividend Comparison
CPD.TO's dividend yield for the trailing twelve months is around 5.02%, more than VEQT.TO's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.26% | 1.42% | 1.58% | 1.88% | 2.09% | 1.40% | 1.48% | 1.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CPD.TO and VEQT.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEQT.TO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEQT.TO is cheaper with a 0.24% expense ratio, compared with 0.50% for CPD.TO.
CPD.TO is categorized as Preferred Stock/Convertible Bonds, while VEQT.TO is Global Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for CPD.TO and 0.24% for VEQT.TO.
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