FPR.TO vs. EHE.TO
FPR.TO (CI Preferred Share ETF) and EHE.TO (CI Europe Hedged Equity Index ETF) are both exchange-traded funds - FPR.TO is a Preferred Stock/Convertible Bonds fund actively managed by CI, while EHE.TO is a Europe Equities fund tracking the WisdomTree Europe CAD-Hedged Equity Index. FPR.TO is actively managed, while EHE.TO is passively managed. Over the past 5 years, FPR.TO returned 7.23%/yr vs 10.01%/yr for EHE.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
FPR.TO vs. EHE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FPR.TO achieves a 5.83% return, which is significantly lower than EHE.TO's 7.41% return.
FPR.TO
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 5.83%
- 6M
- 6.00%
- 1Y
- 15.42%
- 3Y*
- 16.79%
- 5Y*
- 7.23%
- 10Y*
- 7.63%
EHE.TO
- 1D
- 0.58%
- 1M
- 1.53%
- YTD
- 7.41%
- 6M
- 7.99%
- 1Y
- 17.80%
- 3Y*
- 13.93%
- 5Y*
- 10.01%
- 10Y*
- —
FPR.TO vs. EHE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPR.TO CI Preferred Share ETF | 5.83% | 16.63% | 23.27% | 3.44% | -13.72% | 21.25% | 7.57% | 3.65% | -5.80% | 10.90% |
EHE.TO CI Europe Hedged Equity Index ETF | 7.41% | 22.91% | 4.19% | 22.26% | -10.45% | 23.79% | -5.96% | 24.49% | -10.68% | 15.40% |
Correlation
The correlation between FPR.TO and EHE.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2016 | 0.16 |
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Return for Risk
FPR.TO vs. EHE.TO — Risk / Return Rank
FPR.TO
EHE.TO
FPR.TO vs. EHE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Preferred Share ETF (FPR.TO) and CI Europe Hedged Equity Index ETF (EHE.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 | EHE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.23 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 1.68 | +4.18 |
| Martin ratioReturn relative to average drawdown | 21.28 | 6.34 | +14.95 |
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Drawdowns
FPR.TO vs. EHE.TO - Drawdown Comparison
The maximum FPR.TO drawdown since its inception was -36.12%, smaller than the maximum EHE.TO drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for FPR.TO and EHE.TO.
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Drawdown Indicators
| FPR.TO | EHE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -38.20% | +2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -11.85% | +9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -16.30% | +8.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -22.91% | +2.60% |
Max Drawdown (10Y)Largest decline over 10 years | -36.12% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.97% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -5.32% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 3.13% | -2.38% |
Volatility
FPR.TO vs. EHE.TO - Volatility Comparison
The current volatility for CI Preferred Share ETF (FPR.TO) is 1.31%, while CI Europe Hedged Equity Index ETF (EHE.TO) has a volatility of 5.06%. This indicates that FPR.TO experiences smaller price fluctuations and is considered to be less risky than EHE.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 | EHE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 5.06% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 13.37% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.22% | 16.28% | -9.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.24% | 18.09% | -9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 17.45% | -7.09% |
Dividends
FPR.TO vs. EHE.TO - Dividend Comparison
FPR.TO's dividend yield for the trailing twelve months is around 4.03%, more than EHE.TO's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHE.TO CI Europe Hedged Equity Index ETF | 2.16% | 2.16% | 4.38% | 3.30% | 2.19% | 1.90% | 2.55% | 2.02% | 2.08% | 1.37% | 0.13% |
FPR.TO CI Preferred Share ETF | 4.03% | 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 EHE.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPR.TO is categorized as Preferred Stock/Convertible Bonds, while EHE.TO is Europe Equities.
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