HLPR.TO vs. DXP.TO
HLPR.TO (Global X Laddered Canadian Preferred Share Index Corporate Class ETF) and DXP.TO (Dynamic Active Preferred Shares ETF) are both Preferred Stock/Convertible Bonds funds. HLPR.TO is passively managed, while DXP.TO is actively managed. Over the past 5 years, HLPR.TO returned 7.41%/yr vs 7.96%/yr for DXP.TO. At a 0.45 correlation, their price movements are largely independent. HLPR.TO charges 0.30%/yr vs 0.64%/yr for DXP.TO.
Performance
HLPR.TO vs. DXP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HLPR.TO achieves a 6.47% return, which is significantly higher than DXP.TO's 4.36% return.
HLPR.TO
- 1D
- -0.08%
- 1M
- -0.05%
- YTD
- 6.47%
- 6M
- 6.79%
- 1Y
- 17.37%
- 3Y*
- 19.33%
- 5Y*
- 7.41%
- 10Y*
- —
DXP.TO
- 1D
- -0.08%
- 1M
- 0.03%
- YTD
- 4.36%
- 6M
- 4.61%
- 1Y
- 14.21%
- 3Y*
- 17.86%
- 5Y*
- 7.96%
- 10Y*
- —
HLPR.TO vs. DXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF | 6.47% | 18.79% | 28.13% | 2.89% | -17.83% | 23.17% | 6.42% | 0.80% |
DXP.TO Dynamic Active Preferred Shares ETF | 4.36% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.00% |
Correlation
The correlation between HLPR.TO and DXP.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.45 |
The correlation between HLPR.TO and DXP.TO shifts across timeframes, from 0.31 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HLPR.TO vs. DXP.TO — Risk / Return Rank
HLPR.TO
DXP.TO
HLPR.TO vs. DXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) and Dynamic Active Preferred Shares ETF (DXP.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.
| HLPR.TO | DXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.72 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 7.02 | 5.94 | +1.08 |
| Martin ratioReturn relative to average drawdown | 40.32 | 29.44 | +10.88 |
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Drawdowns
HLPR.TO vs. DXP.TO - Drawdown Comparison
The maximum HLPR.TO drawdown since its inception was -38.96%, roughly equal to the maximum DXP.TO drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for HLPR.TO and DXP.TO.
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Drawdown Indicators
| HLPR.TO | DXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.96% | -40.72% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.40% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -9.88% | -8.30% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -26.79% | -20.11% | -6.68% |
Current DrawdownCurrent decline from peak | -0.27% | -0.11% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -6.61% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.48% | -0.05% |
Volatility
HLPR.TO vs. DXP.TO - Volatility Comparison
Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) has a higher volatility of 1.16% compared to Dynamic Active Preferred Shares ETF (DXP.TO) at 0.94%. This indicates that HLPR.TO's price experiences larger fluctuations and is considered to be riskier than DXP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLPR.TO | DXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.94% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.55% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 4.02% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 9.28% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.05% | 12.21% | +0.84% |
HLPR.TO vs. DXP.TO - Expense Ratio Comparison
HLPR.TO has a 0.30% expense ratio, which is lower than DXP.TO's 0.64% expense ratio.
Dividends
HLPR.TO vs. DXP.TO - Dividend Comparison
HLPR.TO has not paid dividends to shareholders, while DXP.TO's dividend yield for the trailing twelve months is around 4.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.41% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% |
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HLPR.TO and DXP.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HLPR.TO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HLPR.TO is cheaper with a 0.30% expense ratio, compared with 0.64% for DXP.TO.
They also come from different issuers: Global X and Dynamic. Their fees differ too: 0.30% for HLPR.TO and 0.64% for DXP.TO.
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