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DCP.TO vs. XPF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DCP.TO vs. XPF.TO

Last updated Jul 17, 2026
Documentation

DCP.TO (Desjardins Canadian Preferred Share Index ETF) and XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) are both Preferred Stock/Convertible Bonds funds. DCP.TO is actively managed, while XPF.TO is passively managed. Over the past 5 years, DCP.TO returned 7.69%/yr vs 2.37%/yr for XPF.TO. At a 0.20 correlation, their price movements are largely independent.

Performance

DCP.TO vs. XPF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins Canadian Preferred Share Index ETF (DCP.TO) and iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.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, DCP.TO achieves a 6.27% return, which is significantly higher than XPF.TO's 2.01% return.

DCP.TO

1D
0.13%
1M
2.02%
6M
6.02%
YTD
6.27%
1Y
13.50%
3Y*
18.77%
5Y*
7.69%
10Y*
—

XPF.TO

1D
-0.06%
1M
-0.20%
6M
0.23%
YTD
2.01%
1Y
5.65%
3Y*
10.39%
5Y*
2.37%
10Y*
3.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DCP.TO vs. XPF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DCP.TO
Desjardins Canadian Preferred Share Index ETF		6.27%15.46%29.54%6.53%-17.25%22.18%5.96%5.26%-12.81%5.94%
XPF.TO
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)		2.01%9.33%14.80%7.19%-19.48%11.51%5.34%8.88%-7.32%3.84%

Correlation

The correlation between DCP.TO and XPF.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (3Y)
Calculated over the trailing 3-year period

0.15

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2017

0.20

The correlation between DCP.TO and XPF.TO shifts across timeframes, from 0.15 (3 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Desjardins Canadian Preferred Share Index ETF

iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)

Often compared with DCP.TO:
DCP.TO vs. DANC.TODCP.TO vs. DCS.TODCP.TO vs. DRFD.TODCP.TO vs. DRMD.TODCP.TO vs. DRFE.TODCP.TO vs. DRFG.TODCP.TO vs. DRFU.TO
Often compared with XPF.TO:
XPF.TO vs. CPD.TOXPF.TO vs. VEQT.TOXPF.TO vs. VCRXPF.TO vs. VDY.TOXPF.TO vs. TPRF.TOXPF.TO vs. RPF.TOXPF.TO vs. HLPR.TO

Return for Risk

DCP.TO vs. XPF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DCP.TO
DCP.TO Risk / Return Rank: 9191
Overall Rank
DCP.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DCP.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
DCP.TO Omega Ratio Rank: 9292
Omega Ratio Rank
DCP.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
DCP.TO Martin Ratio Rank: 9393
Martin Ratio Rank
XPF.TO
XPF.TO Risk / Return Rank: 3535
Overall Rank
XPF.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
XPF.TO Sortino Ratio Rank: 3333
Sortino Ratio Rank
XPF.TO Omega Ratio Rank: 3333
Omega Ratio Rank
XPF.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
XPF.TO Martin Ratio Rank: 3939
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.

DCP.TO vs. XPF.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 iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.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.TOXPF.TODifference
Sharpe ratioReturn per unit of total volatility
2.35
1.03

+1.32

Sortino ratioReturn per unit of downside risk
3.34
1.48

+1.87

Omega ratioGain probability vs. loss probability

1.49

1.19

+0.30

Calmar ratioReturn relative to maximum drawdown

5.22

1.48

+3.74

Martin ratioReturn relative to average drawdown

18.35

4.94

+13.41

DCP.TO vs. XPF.TO - Sharpe Ratio Comparison

The current DCP.TO Sharpe Ratio is 2.35, which is higher than the XPF.TO Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of DCP.TO and XPF.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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Drawdowns

DCP.TO vs. XPF.TO - Drawdown Comparison

The maximum DCP.TO drawdown since its inception was -43.09%, roughly equal to the maximum XPF.TO drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for DCP.TO and XPF.TO.

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Drawdown Indicators

DCP.TOXPF.TODifference

Max Drawdown

Largest peak-to-trough decline

-43.09%

-43.52%

+0.43%

Max Drawdown (1Y)

Largest decline over 1 year

-2.60%

-3.84%

+1.24%

Max Drawdown (3Y)

Largest decline over 3 years

-8.89%

-7.54%

-1.35%

Max Drawdown (5Y)

Largest decline over 5 years

-22.68%

-24.67%

+1.99%

Max Drawdown (10Y)

Largest decline over 10 years

—

-43.52%

—

Current Drawdown

Current decline from peak

0.00%

-1.02%

+1.02%

Average Drawdown

Average peak-to-trough decline

-6.86%

-4.73%

-2.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.74%

1.15%

-0.41%

Volatility

DCP.TO vs. XPF.TO - Volatility Comparison

The current volatility for Desjardins Canadian Preferred Share Index ETF (DCP.TO) is 1.37%, while iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) has a volatility of 2.09%. This indicates that DCP.TO experiences smaller price fluctuations and is considered to be less risky than XPF.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.TOXPF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.37%

2.09%

-0.72%

Volatility (6M)

Calculated over the trailing 6-month period

3.42%

4.67%

-1.25%

Volatility (1Y)

Calculated over the trailing 1-year period

5.78%

5.54%

+0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.11%

8.57%

+1.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.47%

14.39%

-1.92%

Dividends

DCP.TO vs. XPF.TO - Dividend Comparison

DCP.TO's dividend yield for the trailing twelve months is around 4.81%, less than XPF.TO's 5.21% yield.

PositionTTM20252024202320222021202020192018201720162015
DCP.TO
Desjardins Canadian Preferred Share Index ETF		4.81%4.66%4.63%4.98%5.25%4.15%4.90%5.08%5.16%3.02%0.00%0.00%
XPF.TO
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)		5.21%5.08%5.21%5.74%5.46%4.30%4.95%5.12%4.94%4.59%5.14%5.11%

Frequently Asked Questions

DCP.TO and XPF.TO have a correlation of 0.25, 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 iShares.

Portfolio Optimizer

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