FPR.TO vs. PREF.TO
FPR.TO (CI Preferred Share ETF) and PREF.TO (Quadravest Preferred Split Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past year, FPR.TO returned 16.06% vs 6.32% for PREF.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
FPR.TO vs. PREF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FPR.TO achieves a 7.75% return, which is significantly higher than PREF.TO's 3.38% return.
FPR.TO
- 1D
- 0.64%
- 1M
- 1.99%
- 6M
- 6.37%
- YTD
- 7.75%
- 1Y
- 16.06%
- 3Y*
- 17.19%
- 5Y*
- 7.49%
- 10Y*
- 7.58%
PREF.TO
- 1D
- 0.19%
- 1M
- -0.20%
- 6M
- 4.26%
- YTD
- 3.38%
- 1Y
- 6.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPR.TO vs. PREF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FPR.TO CI Preferred Share ETF | 7.75% | 16.63% | 10.70% |
PREF.TO Quadravest Preferred Split Share ETF | 3.38% | 6.77% | 9.28% |
Correlation
The correlation between FPR.TO and PREF.TO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | -0.01 |
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Return for Risk
FPR.TO vs. PREF.TO — Risk / Return Rank
FPR.TO
PREF.TO
FPR.TO vs. PREF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Preferred Share ETF (FPR.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.
| FPR.TO | PREF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.31 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.87 | 4.22 | +1.65 |
| Martin ratioReturn relative to average drawdown | 21.25 | 9.99 | +11.26 |
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Drawdowns
FPR.TO vs. PREF.TO - Drawdown Comparison
The maximum FPR.TO drawdown since its inception was -36.12%, 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 FPR.TO and PREF.TO.
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Drawdown Indicators
| FPR.TO | PREF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -6.24% | -29.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -1.50% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.12% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.39% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -0.75% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.63% | +0.13% |
Volatility
FPR.TO vs. PREF.TO - Volatility Comparison
CI Preferred Share ETF (FPR.TO) and Quadravest Preferred Split Share ETF (PREF.TO) have volatilities of 1.26% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPR.TO | PREF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.24% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 2.90% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.18% | 4.05% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.25% | 5.19% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.35% | 5.19% | +5.16% |
Dividends
FPR.TO vs. PREF.TO - Dividend Comparison
FPR.TO's dividend yield for the trailing twelve months is around 3.96%, less than PREF.TO's 6.60% 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% |
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% | 0.00% |
Frequently Asked Questions
FPR.TO and PREF.TO have a correlation of -0.03, 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: CI and Quadravest.
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