FPR.TO vs. CSAV.TO
FPR.TO (CI Preferred Share ETF) and CSAV.TO (CI High Interest Savings ETF) are both exchange-traded funds - FPR.TO is a Preferred Stock fund actively managed by CI, while CSAV.TO is a Money Market fund actively managed by CI. Both are actively managed. Over the past 5 years, FPR.TO returned 7.41%/yr vs 3.13%/yr for CSAV.TO. Their 0.00 correlation means their historical movements had little consistent relationship. FPR.TO charges 0.80%/yr vs 0.15%/yr for CSAV.TO.
Performance
FPR.TO vs. CSAV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FPR.TO achieves a 8.01% return, which is significantly higher than CSAV.TO's 1.18% return.
FPR.TO
- 1D
- 0.04%
- 1M
- 1.60%
- 6M
- 7.39%
- YTD
- 8.01%
- 1Y
- 14.42%
- 3Y*
- 17.20%
- 5Y*
- 7.41%
- 10Y*
- 7.38%
- ALL TIME*
- 7.69%
CSAV.TO
- 1D
- 0.02%
- 1M
- 0.15%
- 6M
- 1.01%
- YTD
- 1.18%
- 1Y
- 2.17%
- 3Y*
- 3.44%
- 5Y*
- 3.13%
- 10Y*
- —
- ALL TIME*
- 2.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | CA$1.49M | CA$1.26M | CA$1.48M |
FPR.TO CI Preferred Share ETF | CA$158.30 | CA$3.44K | CA$11.10K |
FPR.TO vs. CSAV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPR.TO CI Preferred Share ETF | 8.01% | 16.63% | 23.27% | 3.44% | -13.72% | 21.25% | 7.57% | 5.21% |
CSAV.TO CI High Interest Savings ETF | 1.18% | 2.54% | 4.43% | 5.04% | 2.29% | 0.55% | 0.92% | 1.14% |
Correlation
The correlation between FPR.TO and CSAV.TO is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.00 |
The correlation between FPR.TO and CSAV.TO shifts across timeframes, from -0.10 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FPR.TO vs. CSAV.TO — Risk / Return Rank
FPR.TO
CSAV.TO
FPR.TO vs. CSAV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Preferred Share ETF (FPR.TO) and CI High Interest Savings ETF (CSAV.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.
| FPR.TO | CSAV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.64 | ||
| Sortino ratioReturn per unit of downside risk | -16.87 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 4.54 | -3.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.19 | 108.77 | -103.58 |
| Martin ratioReturn relative to average drawdown | 18.72 | 301.45 | -282.73 |
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Drawdowns
FPR.TO vs. CSAV.TO - Drawdown Comparison
The maximum FPR.TO drawdown since its inception was -36.12%, which is greater than CSAV.TO's maximum drawdown of -0.02%. Use the drawdown chart below to compare losses from any high point for FPR.TO and CSAV.TO.
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Drawdown Indicators
| FPR.TO | CSAV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -0.02% | -36.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -0.02% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -0.02% | -7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -0.02% | -20.29% |
Max Drawdown (10Y)Largest decline over 10 years | -36.12% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -4.89% | 0.00% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.01% | +0.75% |
Volatility
FPR.TO vs. CSAV.TO - Volatility Comparison
CI Preferred Share ETF (FPR.TO) has a higher volatility of 1.62% compared to CI High Interest Savings ETF (CSAV.TO) at 0.07%. This indicates that FPR.TO's price experiences larger fluctuations and is considered to be riskier than CSAV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPR.TO | CSAV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.07% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 0.18% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.18% | 0.25% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.24% | 0.28% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.35% | 0.27% | +10.08% |
FPR.TO vs. CSAV.TO - Expense Ratio Comparison
FPR.TO has a 0.80% expense ratio, which is higher than CSAV.TO's 0.15% expense ratio.
Dividends
FPR.TO vs. CSAV.TO - Dividend Comparison
FPR.TO's dividend yield for the trailing twelve months is around 3.96%, more than CSAV.TO's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 2.16% | 2.53% | 4.40% | 4.90% | 2.15% | 0.57% | 0.89% | 1.14% | 0.00% | 0.00% | 0.00% |
FPR.TO CI Preferred Share ETF | 3.96% | 4.57% | 5.01% | 6.00% | 4.59% | 3.79% | 4.42% | 4.52% | 4.49% | 4.06% | 2.52% |
Frequently Asked Questions
FPR.TO and CSAV.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.
On fees, CSAV.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSAV.TO is cheaper with a 0.15% expense ratio, compared with 0.80% for FPR.TO.
FPR.TO is categorized as Preferred Stock, while CSAV.TO is Money Market. Their fees differ too: 0.80% for FPR.TO and 0.15% for CSAV.TO.
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