FPR.TO vs. TPRF.TO
FPR.TO (CI Preferred Share ETF) and TPRF.TO (TD Active Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, FPR.TO returned 7.23%/yr vs 8.69%/yr for TPRF.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
FPR.TO vs. TPRF.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FPR.TO having a 5.83% return and TPRF.TO slightly lower at 5.64%.
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%
TPRF.TO
- 1D
- 0.23%
- 1M
- 0.31%
- YTD
- 5.64%
- 6M
- 5.77%
- 1Y
- 15.82%
- 3Y*
- 19.75%
- 5Y*
- 8.69%
- 10Y*
- —
FPR.TO vs. TPRF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FPR.TO CI Preferred Share ETF | 5.83% | 16.63% | 23.27% | 3.44% | -13.72% | 21.25% | 7.57% | 3.65% | -5.01% |
TPRF.TO TD Active Preferred Share ETF | 5.64% | 18.21% | 28.67% | 5.53% | -15.46% | 31.78% | 4.65% | 12.00% | -14.27% |
Correlation
The correlation between FPR.TO and TPRF.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.23 |
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Return for Risk
FPR.TO vs. TPRF.TO — Risk / Return Rank
FPR.TO
TPRF.TO
FPR.TO vs. TPRF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Preferred Share ETF (FPR.TO) and TD Active Preferred Share ETF (TPRF.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 | TPRF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.85 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 6.38 | -0.53 |
| Martin ratioReturn relative to average drawdown | 21.28 | 34.50 | -13.21 |
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Drawdowns
FPR.TO vs. TPRF.TO - Drawdown Comparison
The maximum FPR.TO drawdown since its inception was -36.12%, smaller than the maximum TPRF.TO drawdown of -44.80%. Use the drawdown chart below to compare losses from any high point for FPR.TO and TPRF.TO.
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Drawdown Indicators
| FPR.TO | TPRF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -44.80% | +8.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -2.49% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -8.39% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -23.90% | +3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -36.12% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | 0.00% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -7.56% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.46% | +0.29% |
Volatility
FPR.TO vs. TPRF.TO - Volatility Comparison
CI Preferred Share ETF (FPR.TO) has a higher volatility of 1.31% compared to TD Active Preferred Share ETF (TPRF.TO) at 0.57%. This indicates that FPR.TO's price experiences larger fluctuations and is considered to be riskier than TPRF.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 | TPRF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.57% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 2.52% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.22% | 4.05% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.24% | 9.64% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 15.28% | -4.92% |
Dividends
FPR.TO vs. TPRF.TO - Dividend Comparison
FPR.TO's dividend yield for the trailing twelve months is around 4.03%, less than TPRF.TO's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TPRF.TO TD Active Preferred Share ETF | 4.55% | 4.36% | 4.56% | 5.74% | 4.99% | 4.04% | 5.09% | 5.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPR.TO and TPRF.TO have a correlation of 0.13, 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 TD.
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