FPR.TO vs. VALT.TO
FPR.TO (CI Preferred Share ETF) and VALT.TO (CI Gold Bullion ETF) are both exchange-traded funds - FPR.TO is a Preferred Stock fund actively managed by CI, while VALT.TO is a Gold fund tracking the No Index (Physical Commodity). FPR.TO is actively managed, while VALT.TO is passively managed. Over the past 5 years, FPR.TO returned 7.41%/yr vs 15.89%/yr for VALT.TO. Their 0.01 correlation means their historical movements had little consistent relationship. FPR.TO charges 0.80%/yr vs 0.17%/yr for VALT.TO.
Performance
FPR.TO vs. VALT.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 VALT.TO's -7.03% 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%
VALT.TO
- 1D
- -1.49%
- 1M
- -3.12%
- 6M
- -13.72%
- YTD
- -7.03%
- 1Y
- 18.13%
- 3Y*
- 25.59%
- 5Y*
- 15.89%
- 10Y*
- —
- ALL TIME*
- 13.88%
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 |
VALT.TO CI Gold Bullion ETF | CA$249.71K | CA$225.55K | CA$326.67K |
FPR.TO vs. VALT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPR.TO CI Preferred Share ETF | 8.01% | 16.63% | 23.27% | 3.44% | -13.72% | 19.70% |
VALT.TO CI Gold Bullion ETF | -7.03% | 60.46% | 25.58% | 12.35% | 0.92% | -3.19% |
Correlation
The correlation between FPR.TO and VALT.TO is 0.01, 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. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2021 | 0.01 |
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Return for Risk
FPR.TO vs. VALT.TO — Risk / Return Rank
FPR.TO
VALT.TO
FPR.TO vs. VALT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Preferred Share ETF (FPR.TO) and CI Gold Bullion ETF (VALT.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 | VALT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.15 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.19 | 0.77 | +4.42 |
| Martin ratioReturn relative to average drawdown | 18.72 | 1.65 | +17.07 |
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Drawdowns
FPR.TO vs. VALT.TO - Drawdown Comparison
The maximum FPR.TO drawdown since its inception was -36.12%, which is greater than VALT.TO's maximum drawdown of -27.07%. Use the drawdown chart below to compare losses from any high point for FPR.TO and VALT.TO.
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Drawdown Indicators
| FPR.TO | VALT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -27.07% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -27.07% | +24.32% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -27.07% | +19.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -27.07% | +6.76% |
Max Drawdown (10Y)Largest decline over 10 years | -36.12% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -25.83% | +25.50% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -6.32% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 12.55% | -11.79% |
Volatility
FPR.TO vs. VALT.TO - Volatility Comparison
The current volatility for CI Preferred Share ETF (FPR.TO) is 1.62%, while CI Gold Bullion ETF (VALT.TO) has a volatility of 6.01%. This indicates that FPR.TO experiences smaller price fluctuations and is considered to be less risky than VALT.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 | VALT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 6.01% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 21.25% | -16.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.18% | 28.27% | -21.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.24% | 18.65% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.35% | 18.21% | -7.86% |
FPR.TO vs. VALT.TO - Expense Ratio Comparison
FPR.TO has a 0.80% expense ratio, which is higher than VALT.TO's 0.17% expense ratio.
Dividends
FPR.TO vs. VALT.TO - Dividend Comparison
FPR.TO's dividend yield for the trailing twelve months is around 3.96%, while VALT.TO has not paid dividends to shareholders.
| 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% |
VALT.TO CI Gold Bullion ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPR.TO and VALT.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALT.TO is cheaper with a 0.17% expense ratio, compared with 0.80% for FPR.TO.
FPR.TO is categorized as Preferred Stock, while VALT.TO is Gold. Their fees differ too: 0.80% for FPR.TO and 0.17% for VALT.TO.
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