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

DIVS.TO vs. CPD.TO

Last updated Apr 5, 2026

Compare and contrast key facts about Evolve Active Canadian Preferred Share Fund (DIVS.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO).

DIVS.TO and CPD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPD.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Preferred Share TR. It was launched on Apr 10, 2007.

Performance

DIVS.TO vs. CPD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Active Canadian Preferred Share Fund (DIVS.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.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, DIVS.TO achieves a 0.01% return, which is significantly lower than CPD.TO's 0.26% return.

DIVS.TO

1D
0.17%
1M
-0.70%
YTD
0.01%
6M
4.09%
1Y
15.05%
3Y*
15.83%
5Y*
11.32%
10Y*
—

CPD.TO

1D
-0.07%
1M
-0.71%
YTD
0.26%
6M
3.94%
1Y
16.96%
3Y*
14.04%
5Y*
6.08%
10Y*
6.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
DIVS.TO
Evolve Active Canadian Preferred Share Fund		0.01%14.93%24.96%12.11%-7.19%26.99%-1.19%-1.14%-12.33%
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		0.26%16.10%23.31%6.23%-19.19%18.85%5.35%3.35%-10.42%

Correlation

The correlation between DIVS.TO and CPD.TO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

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

CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF

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Evolve Active Canadian Preferred Share Fund

iShares S&P/TSX Canadian Preferred Share Index ETF

Often compared with DIVS.TO:
DIVS.TO vs. SPYDIVS.TO vs. XEQT.TODIVS.TO vs. ZSP.TODIVS.TO vs. XLPDIVS.TO vs. LBS.TODIVS.TO vs. VCN.TODIVS.TO vs. WCP.TO
Often compared with CPD.TO:
CPD.TO vs. XEI.TOCPD.TO vs. VDY.TOCPD.TO vs. XDIV.TOCPD.TO vs. fie.TOCPD.TO vs. ^GSPCCPD.TO vs. ATD.TOCPD.TO vs. XAW.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DIVS.TO
DIVS.TO Risk / Return Rank: 8181
Overall Rank
DIVS.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
DIVS.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
DIVS.TO Omega Ratio Rank: 9393
Omega Ratio Rank
DIVS.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
DIVS.TO Martin Ratio Rank: 8181
Martin Ratio Rank
CPD.TO
CPD.TO Risk / Return Rank: 7777
Overall Rank
CPD.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
CPD.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
CPD.TO Omega Ratio Rank: 9595
Omega Ratio Rank
CPD.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
CPD.TO Martin Ratio Rank: 6868
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.

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

This table presents a comparison of risk-adjusted performance metrics for Evolve Active Canadian Preferred Share Fund (DIVS.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.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.

DIVS.TOCPD.TODifference

Sharpe ratio

Return per unit of total volatility

1.75

1.88

-0.13

Sortino ratio

Return per unit of downside risk

2.33

2.27

+0.05

Omega ratio

Gain probability vs. loss probability

1.44

1.48

-0.03

Calmar ratio

Return relative to maximum drawdown

1.97

1.74

+0.23

Martin ratio

Return relative to average drawdown

10.92

8.81

+2.12

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

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

The current DIVS.TO Sharpe Ratio is 1.75, which is comparable to the CPD.TO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of DIVS.TO and CPD.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

DIVS.TOCPD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.75

1.88

-0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.30

0.79

+0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.60

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.31

+0.14

Drawdowns

DIVS.TO vs. CPD.TO - Drawdown Comparison

The maximum DIVS.TO drawdown since its inception was -49.95%, which is greater than CPD.TO's maximum drawdown of -40.92%. Use the drawdown chart below to compare losses from any high point for DIVS.TO and CPD.TO.

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Drawdown Indicators

DIVS.TOCPD.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.95%

-40.92%

-9.03%

Max Drawdown (1Y)

Largest decline over 1 year

-4.47%

-4.05%

-0.42%

Max Drawdown (5Y)

Largest decline over 5 years

-16.73%

-24.12%

+7.39%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.92%

—

Current Drawdown

Current decline from peak

-1.42%

-0.92%

-0.50%

Average Drawdown

Average peak-to-trough decline

-7.77%

-6.78%

-0.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.17%

1.50%

-0.33%

Volatility

DIVS.TO vs. CPD.TO - Volatility Comparison

Evolve Active Canadian Preferred Share Fund (DIVS.TO) has a higher volatility of 2.50% compared to iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) at 1.96%. This indicates that DIVS.TO's price experiences larger fluctuations and is considered to be riskier than CPD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DIVS.TOCPD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.50%

1.96%

+0.54%

Volatility (6M)

Calculated over the trailing 6-month period

4.22%

3.36%

+0.86%

Volatility (1Y)

Calculated over the trailing 1-year period

7.12%

6.79%

+0.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.74%

7.72%

+1.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.51%

10.65%

+2.86%

Dividends

DIVS.TO vs. CPD.TO - Dividend Comparison

DIVS.TO's dividend yield for the trailing twelve months is around 5.45%, more than CPD.TO's 5.10% yield.

TTM20252024202320222021202020192018201720162015
DIVS.TO
Evolve Active Canadian Preferred Share Fund		5.45%5.32%8.60%11.61%15.44%10.35%5.37%5.00%4.70%0.00%0.00%0.00%
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		5.10%4.96%5.11%5.88%5.53%4.17%4.96%5.02%4.74%4.33%4.85%5.44%