DXP.TO vs. PR.TO
DXP.TO (Dynamic Active Preferred Shares ETF) and PR.TO (Lysander-Slater Preferred Share ActivETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, DXP.TO returned 8.14%/yr vs 5.40%/yr for PR.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
DXP.TO vs. PR.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 PR.TO's 3.48% 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*
- —
PR.TO
- 1D
- 0.19%
- 1M
- 1.18%
- 6M
- 3.58%
- YTD
- 3.48%
- 1Y
- 8.73%
- 3Y*
- 14.86%
- 5Y*
- 5.40%
- 10Y*
- 6.03%
DXP.TO vs. PR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 5.77% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.94% | -9.58% | 11.73% |
PR.TO Lysander-Slater Preferred Share ActivETF | 3.48% | 11.10% | 24.22% | 7.90% | -18.17% | 28.22% | -0.17% | 1.64% | -10.79% | 11.36% |
Correlation
The correlation between DXP.TO and PR.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2017 | 0.34 |
The correlation between DXP.TO and PR.TO shifts across timeframes, from 0.15 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DXP.TO vs. PR.TO — Risk / Return Rank
DXP.TO
PR.TO
DXP.TO vs. PR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Preferred Shares ETF (DXP.TO) and Lysander-Slater Preferred Share ActivETF (PR.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 | PR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.47 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 6.09 | -0.72 |
| Martin ratioReturn relative to average drawdown | 26.60 | 22.13 | +4.46 |
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Drawdowns
DXP.TO vs. PR.TO - Drawdown Comparison
The maximum DXP.TO drawdown since its inception was -40.72%, smaller than the maximum PR.TO drawdown of -45.17%. Use the drawdown chart below to compare losses from any high point for DXP.TO and PR.TO.
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Drawdown Indicators
| DXP.TO | PR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -45.17% | +4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -1.44% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -4.62% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -21.39% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.17% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -7.18% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.40% | +0.08% |
Volatility
DXP.TO vs. PR.TO - Volatility Comparison
The current volatility for Dynamic Active Preferred Shares ETF (DXP.TO) is 0.70%, while Lysander-Slater Preferred Share ActivETF (PR.TO) has a volatility of 0.78%. This indicates that DXP.TO experiences smaller price fluctuations and is considered to be less risky than PR.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 | PR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.78% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 2.67% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 3.83% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.27% | 8.58% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.18% | 11.52% | +0.66% |
Dividends
DXP.TO vs. PR.TO - Dividend Comparison
DXP.TO's dividend yield for the trailing twelve months is around 4.37%, less than PR.TO's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
PR.TO Lysander-Slater Preferred Share ActivETF | 5.00% | 4.85% | 4.49% | 4.80% | 4.71% | 3.85% | 4.79% | 4.69% | 4.97% | 6.73% | 3.68% | 1.17% |
Frequently Asked Questions
DXP.TO and PR.TO have a correlation of 0.15, 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 Lysander.
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