DXP.TO vs. NPRF.TO
DXP.TO (Dynamic Active Preferred Shares ETF) and NPRF.TO (NBI Active Canadian Preferred Shares ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, DXP.TO returned 8.14%/yr vs 6.29%/yr for NPRF.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
DXP.TO vs. NPRF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXP.TO achieves a 5.77% return, which is significantly higher than NPRF.TO's 5.30% return.
DXP.TO
- 1D
- 0.00%
- 1M
- 1.24%
- 6M
- 5.40%
- YTD
- 5.77%
- 1Y
- 12.83%
- 3Y*
- 18.83%
- 5Y*
- 8.14%
- 10Y*
- —
NPRF.TO
- 1D
- 0.04%
- 1M
- 1.29%
- 6M
- 4.47%
- YTD
- 5.30%
- 1Y
- 7.41%
- 3Y*
- 16.82%
- 5Y*
- 6.29%
- 10Y*
- —
DXP.TO vs. NPRF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 5.77% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.07% |
NPRF.TO NBI Active Canadian Preferred Shares ETF | 5.30% | 11.95% | 29.71% | 4.36% | -16.96% | 23.46% | 7.91% | 3.02% |
Correlation
The correlation between DXP.TO and NPRF.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.38 |
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Return for Risk
DXP.TO vs. NPRF.TO — Risk / Return Rank
DXP.TO
NPRF.TO
DXP.TO vs. NPRF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Preferred Shares ETF (DXP.TO) and NBI Active Canadian Preferred Shares ETF (NPRF.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.
| DXP.TO | NPRF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +3.83 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.27 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 0.95 | +4.41 |
| Martin ratioReturn relative to average drawdown | 26.60 | 1.69 | +24.91 |
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Drawdowns
DXP.TO vs. NPRF.TO - Drawdown Comparison
The maximum DXP.TO drawdown since its inception was -40.72%, which is greater than NPRF.TO's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for DXP.TO and NPRF.TO.
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Drawdown Indicators
| DXP.TO | NPRF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -36.97% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -7.85% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -7.85% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -24.68% | +4.57% |
Current DrawdownCurrent decline from peak | 0.00% | -2.74% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -6.92% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 4.39% | -3.91% |
Volatility
DXP.TO vs. NPRF.TO - Volatility Comparison
The current volatility for Dynamic Active Preferred Shares ETF (DXP.TO) is 0.70%, while NBI Active Canadian Preferred Shares ETF (NPRF.TO) has a volatility of 0.90%. This indicates that DXP.TO experiences smaller price fluctuations and is considered to be less risky than NPRF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXP.TO | NPRF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.90% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 2.95% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 8.43% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.27% | 9.42% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.18% | 12.28% | -0.10% |
Dividends
DXP.TO vs. NPRF.TO - Dividend Comparison
DXP.TO's dividend yield for the trailing twelve months is around 4.37%, less than NPRF.TO's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.37% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% |
NPRF.TO NBI Active Canadian Preferred Shares ETF | 4.52% | 4.75% | 4.65% | 5.86% | 4.91% | 3.78% | 4.39% | 3.16% | 0.00% | 0.00% |
Frequently Asked Questions
DXP.TO and NPRF.TO have a correlation of 0.32, 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: Dynamic and NBI.
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