DXP.TO vs. XPF.TO
DXP.TO (Dynamic Active Preferred Shares ETF) and XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) are both Preferred Stock/Convertible Bonds funds. DXP.TO is actively managed, while XPF.TO is passively managed. Over the past 5 years, DXP.TO returned 7.70%/yr vs 2.48%/yr for XPF.TO. At a 0.36 correlation, their price movements are largely independent. DXP.TO charges 0.64%/yr vs 0.50%/yr for XPF.TO.
Performance
DXP.TO vs. XPF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXP.TO achieves a 4.16% return, which is significantly higher than XPF.TO's 2.15% return.
DXP.TO
- 1D
- 0.00%
- 1M
- 0.56%
- YTD
- 4.16%
- 6M
- 5.47%
- 1Y
- 14.94%
- 3Y*
- 18.02%
- 5Y*
- 7.70%
- 10Y*
- —
XPF.TO
- 1D
- -0.63%
- 1M
- -0.70%
- YTD
- 2.15%
- 6M
- 3.35%
- 1Y
- 9.33%
- 3Y*
- 10.21%
- 5Y*
- 2.48%
- 10Y*
- 4.01%
DXP.TO vs. XPF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.16% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.94% | -9.58% | 11.73% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 2.15% | 9.33% | 14.80% | 7.19% | -19.48% | 11.51% | 5.34% | 8.88% | -7.32% | 7.33% |
Correlation
The correlation between DXP.TO and XPF.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2017 | 0.36 |
The correlation between DXP.TO and XPF.TO shifts across timeframes, from 0.19 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DXP.TO vs. XPF.TO — Risk / Return Rank
DXP.TO
XPF.TO
DXP.TO vs. XPF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Preferred Shares ETF (DXP.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.
| DXP.TO | XPF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.32 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 6.38 | 2.44 | +3.95 |
| Martin ratioReturn relative to average drawdown | 31.55 | 8.76 | +22.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXP.TO | XPF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.76 | 1.71 | +2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.29 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.29 | +0.33 |
Drawdowns
DXP.TO vs. XPF.TO - Drawdown Comparison
The maximum DXP.TO drawdown since its inception was -40.72%, smaller than the maximum XPF.TO drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for DXP.TO and XPF.TO.
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Drawdown Indicators
| DXP.TO | XPF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -43.52% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -3.84% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -7.54% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -24.67% | +4.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.52% | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.88% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -4.76% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 1.07% | -0.58% |
Volatility
DXP.TO vs. XPF.TO - Volatility Comparison
The current volatility for Dynamic Active Preferred Shares ETF (DXP.TO) is 0.98%, while iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) has a volatility of 1.69%. This indicates that DXP.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
| DXP.TO | XPF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.69% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 4.28% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 5.47% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.29% | 8.54% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.25% | 14.45% | -2.20% |
DXP.TO vs. XPF.TO - Expense Ratio Comparison
DXP.TO has a 0.64% expense ratio, which is higher than XPF.TO's 0.50% expense ratio.
Dividends
DXP.TO vs. XPF.TO - Dividend Comparison
DXP.TO's dividend yield for the trailing twelve months is around 4.42%, less than XPF.TO's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.42% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% | 0.00% | 0.00% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 5.16% | 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
DXP.TO and XPF.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XPF.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XPF.TO is cheaper with a 0.50% expense ratio, compared with 0.64% for DXP.TO.
They also come from different issuers: Dynamic and iShares. Their fees differ too: 0.64% for DXP.TO and 0.50% for XPF.TO.
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