DCP.TO vs. FPR.TO
DCP.TO (Desjardins Canadian Preferred Share Index ETF) and FPR.TO (CI Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, DCP.TO returned 7.66%/yr vs 7.36%/yr for FPR.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
DCP.TO vs. FPR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DCP.TO achieves a 6.13% return, which is significantly lower than FPR.TO's 7.11% return.
DCP.TO
- 1D
- 0.31%
- 1M
- 1.88%
- 6M
- 5.93%
- YTD
- 6.13%
- 1Y
- 13.62%
- 3Y*
- 18.72%
- 5Y*
- 7.66%
- 10Y*
- —
FPR.TO
- 1D
- 0.11%
- 1M
- 1.31%
- 6M
- 6.40%
- YTD
- 7.11%
- 1Y
- 15.23%
- 3Y*
- 17.12%
- 5Y*
- 7.36%
- 10Y*
- 7.47%
DCP.TO vs. FPR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCP.TO Desjardins Canadian Preferred Share Index ETF | 6.13% | 15.46% | 29.54% | 6.53% | -17.25% | 22.18% | 5.96% | 5.26% | -12.81% | 5.94% |
FPR.TO CI Preferred Share ETF | 7.11% | 16.63% | 23.27% | 3.44% | -13.72% | 21.25% | 7.57% | 3.65% | -5.80% | 4.79% |
Correlation
The correlation between DCP.TO and FPR.TO is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2017 | 0.24 |
The correlation between DCP.TO and FPR.TO shifts across timeframes, from 0.08 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DCP.TO vs. FPR.TO — Risk / Return Rank
DCP.TO
FPR.TO
DCP.TO vs. FPR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Preferred Share Index ETF (DCP.TO) and CI Preferred Share ETF (FPR.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DCP.TO | FPR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.46 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 5.71 | -0.44 |
| Martin ratioReturn relative to average drawdown | 18.51 | 20.66 | -2.15 |
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Drawdowns
DCP.TO vs. FPR.TO - Drawdown Comparison
The maximum DCP.TO drawdown since its inception was -43.09%, which is greater than FPR.TO's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for DCP.TO and FPR.TO.
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Drawdown Indicators
| DCP.TO | FPR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.09% | -36.12% | -6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -2.75% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -7.34% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -20.31% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.26% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -4.91% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.76% | -0.02% |
Volatility
DCP.TO vs. FPR.TO - Volatility Comparison
Desjardins Canadian Preferred Share Index ETF (DCP.TO) has a higher volatility of 1.38% compared to CI Preferred Share ETF (FPR.TO) at 1.13%. This indicates that DCP.TO's price experiences larger fluctuations and is considered to be riskier than FPR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCP.TO | FPR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.13% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 4.49% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 7.17% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 8.24% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.48% | 10.35% | +2.13% |
Dividends
DCP.TO vs. FPR.TO - Dividend Comparison
DCP.TO's dividend yield for the trailing twelve months is around 4.82%, more than FPR.TO's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DCP.TO Desjardins Canadian Preferred Share Index ETF | 4.82% | 4.66% | 4.63% | 4.98% | 5.25% | 4.15% | 4.90% | 5.08% | 5.16% | 3.02% | 0.00% |
FPR.TO CI Preferred Share ETF | 3.98% | 4.57% | 5.01% | 6.00% | 4.59% | 3.79% | 4.42% | 4.52% | 4.49% | 4.06% | 2.52% |
Frequently Asked Questions
DCP.TO and FPR.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Desjardins and CI.
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