DCP.TO vs. TPRF.TO
DCP.TO (Desjardins Canadian Preferred Share Index ETF) and TPRF.TO (TD Active 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 8.97%/yr for TPRF.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
DCP.TO vs. TPRF.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DCP.TO achieves a 6.13% return, which is significantly lower than TPRF.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*
- —
TPRF.TO
- 1D
- 0.23%
- 1M
- 2.10%
- 6M
- 6.43%
- YTD
- 7.11%
- 1Y
- 15.36%
- 3Y*
- 20.16%
- 5Y*
- 8.97%
- 10Y*
- —
DCP.TO vs. TPRF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DCP.TO Desjardins Canadian Preferred Share Index ETF | 6.13% | 15.46% | 29.54% | 6.53% | -17.25% | 22.18% | 5.96% | 5.26% | -11.81% |
TPRF.TO TD Active Preferred Share ETF | 7.11% | 18.21% | 28.67% | 5.53% | -15.46% | 31.78% | 4.65% | 12.00% | -14.27% |
Correlation
The correlation between DCP.TO and TPRF.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.26 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DCP.TO vs. TPRF.TO — Risk / Return Rank
DCP.TO
TPRF.TO
DCP.TO vs. TPRF.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 TD Active Preferred Share ETF (TPRF.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 | TPRF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.82 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 6.20 | -0.93 |
| Martin ratioReturn relative to average drawdown | 18.51 | 33.46 | -14.94 |
Loading charts...
Drawdowns
DCP.TO vs. TPRF.TO - Drawdown Comparison
The maximum DCP.TO drawdown since its inception was -43.09%, roughly equal to the maximum TPRF.TO drawdown of -44.80%. Use the drawdown chart below to compare losses from any high point for DCP.TO and TPRF.TO.
Loading charts...
Drawdown Indicators
| DCP.TO | TPRF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.09% | -44.80% | +1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -2.49% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -8.39% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -23.90% | +1.22% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -7.52% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.46% | +0.28% |
Volatility
DCP.TO vs. TPRF.TO - Volatility Comparison
Desjardins Canadian Preferred Share Index ETF (DCP.TO) has a higher volatility of 1.38% compared to TD Active Preferred Share ETF (TPRF.TO) at 0.89%. This indicates that DCP.TO's price experiences larger fluctuations and is considered to be riskier than TPRF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DCP.TO | TPRF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 0.89% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 2.63% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 4.10% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 9.64% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.48% | 15.25% | -2.77% |
Dividends
DCP.TO vs. TPRF.TO - Dividend Comparison
DCP.TO's dividend yield for the trailing twelve months is around 4.82%, more than TPRF.TO's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TPRF.TO TD Active Preferred Share ETF | 4.49% | 4.36% | 4.56% | 5.74% | 4.99% | 4.04% | 5.09% | 5.05% | 0.00% | 0.00% |
Frequently Asked Questions
DCP.TO and TPRF.TO have a correlation of 0.18, 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 TD.
Find the right allocation for DCP.TO and TPRF.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer