FPR.TO vs. JAPN.TO
FPR.TO (CI Preferred Share ETF) and JAPN.TO (CI WisdomTree Japan Equity Index ETF) are both exchange-traded funds - FPR.TO is a Preferred Stock fund actively managed by CI, while JAPN.TO is a Japan Equities fund tracking the WisdomTree Japan Equity Index CAD. FPR.TO is actively managed, while JAPN.TO is passively managed. Over the past 5 years, FPR.TO returned 7.41%/yr vs 25.86%/yr for JAPN.TO. Their 0.07 correlation means their historical movements had little consistent relationship. FPR.TO charges 0.80%/yr vs 0.48%/yr for JAPN.TO.
Performance
FPR.TO vs. JAPN.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 lower than JAPN.TO's 20.60% 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%
JAPN.TO
- 1D
- -0.52%
- 1M
- -0.53%
- 6M
- 12.92%
- YTD
- 20.60%
- 1Y
- 47.23%
- 3Y*
- 28.88%
- 5Y*
- 25.86%
- 10Y*
- —
- ALL TIME*
- 16.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FPR.TO CI Preferred Share ETF | CA$158.30 | CA$3.44K | CA$11.10K |
| CA$71.61K | CA$96.18K | CA$111.76K |
FPR.TO vs. JAPN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FPR.TO CI Preferred Share ETF | 8.01% | 16.63% | 23.27% | 3.44% | -13.72% | 21.25% | 7.57% | 3.65% | -7.89% |
JAPN.TO CI WisdomTree Japan Equity Index ETF | 20.60% | 30.67% | 29.25% | 35.51% | 10.82% | 16.05% | 2.20% | 16.56% | -17.12% |
Correlation
The correlation between FPR.TO and JAPN.TO is 0.00, 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. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2018 | 0.07 |
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Return for Risk
FPR.TO vs. JAPN.TO — Risk / Return Rank
FPR.TO
JAPN.TO
FPR.TO vs. JAPN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Preferred Share ETF (FPR.TO) and CI WisdomTree Japan Equity Index ETF (JAPN.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 | JAPN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.46 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.19 | 4.10 | +1.09 |
| Martin ratioReturn relative to average drawdown | 18.72 | 14.95 | +3.77 |
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Drawdowns
FPR.TO vs. JAPN.TO - Drawdown Comparison
The maximum FPR.TO drawdown since its inception was -36.12%, which is greater than JAPN.TO's maximum drawdown of -28.88%. Use the drawdown chart below to compare losses from any high point for FPR.TO and JAPN.TO.
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Drawdown Indicators
| FPR.TO | JAPN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -28.88% | -7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -11.09% | +8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -21.67% | +14.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -21.67% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -36.12% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -2.73% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -5.93% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 3.03% | -2.27% |
Volatility
FPR.TO vs. JAPN.TO - Volatility Comparison
The current volatility for CI Preferred Share ETF (FPR.TO) is 1.62%, while CI WisdomTree Japan Equity Index ETF (JAPN.TO) has a volatility of 5.07%. This indicates that FPR.TO experiences smaller price fluctuations and is considered to be less risky than JAPN.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 | JAPN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 5.07% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 14.22% | -9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.18% | 18.07% | -10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.24% | 19.17% | -10.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.35% | 19.23% | -8.88% |
FPR.TO vs. JAPN.TO - Expense Ratio Comparison
FPR.TO has a 0.80% expense ratio, which is higher than JAPN.TO's 0.48% expense ratio.
Dividends
FPR.TO vs. JAPN.TO - Dividend Comparison
FPR.TO's dividend yield for the trailing twelve months is around 3.96%, more than JAPN.TO's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JAPN.TO CI WisdomTree Japan Equity Index ETF | 1.55% | 2.08% | 1.58% | 1.51% | 2.59% | 1.35% | 1.36% | 2.12% | 0.62% | 0.00% | 0.00% |
Frequently Asked Questions
FPR.TO and JAPN.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JAPN.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JAPN.TO is cheaper with a 0.48% expense ratio, compared with 0.80% for FPR.TO.
FPR.TO is categorized as Preferred Stock, while JAPN.TO is Japan Equities. Their fees differ too: 0.80% for FPR.TO and 0.48% for JAPN.TO.
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