DXP.TO vs. PREF.TO
DXP.TO (Dynamic Active Preferred Shares ETF) and PREF.TO (Quadravest Preferred Split Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past year, DXP.TO returned 12.83% vs 6.32% for PREF.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
DXP.TO vs. PREF.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DXP.TO achieves a 5.77% return, which is significantly higher than PREF.TO's 3.38% 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*
- —
PREF.TO
- 1D
- 0.19%
- 1M
- -0.20%
- 6M
- 4.26%
- YTD
- 3.38%
- 1Y
- 6.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXP.TO vs. PREF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 5.77% | 17.64% | 11.04% |
PREF.TO Quadravest Preferred Split Share ETF | 3.38% | 6.77% | 9.28% |
Correlation
The correlation between DXP.TO and PREF.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.12 |
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
DXP.TO vs. PREF.TO — Risk / Return Rank
DXP.TO
PREF.TO
DXP.TO vs. PREF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Preferred Shares ETF (DXP.TO) and Quadravest Preferred Split Share ETF (PREF.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 | PREF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.31 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 4.22 | +1.14 |
| Martin ratioReturn relative to average drawdown | 26.60 | 9.99 | +16.61 |
Loading charts...
Drawdowns
DXP.TO vs. PREF.TO - Drawdown Comparison
The maximum DXP.TO drawdown since its inception was -40.72%, which is greater than PREF.TO's maximum drawdown of -6.24%. Use the drawdown chart below to compare losses from any high point for DXP.TO and PREF.TO.
Loading charts...
Drawdown Indicators
| DXP.TO | PREF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -6.24% | -34.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -1.50% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.39% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -0.75% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.63% | -0.15% |
Volatility
DXP.TO vs. PREF.TO - Volatility Comparison
The current volatility for Dynamic Active Preferred Shares ETF (DXP.TO) is 0.70%, while Quadravest Preferred Split Share ETF (PREF.TO) has a volatility of 1.24%. This indicates that DXP.TO experiences smaller price fluctuations and is considered to be less risky than PREF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DXP.TO | PREF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.24% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 2.90% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 4.05% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.27% | 5.19% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.18% | 5.19% | +6.99% |
Dividends
DXP.TO vs. PREF.TO - Dividend Comparison
DXP.TO's dividend yield for the trailing twelve months is around 4.37%, less than PREF.TO's 6.60% 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% |
PREF.TO Quadravest Preferred Split Share ETF | 6.60% | 6.60% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXP.TO and PREF.TO have a correlation of 0.10, 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 Quadravest.
Find the right allocation for DXP.TO and PREF.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