HLPR.TO vs. PREF.TO
HLPR.TO (Global X Laddered Canadian Preferred Share Index Corporate Class ETF) and PREF.TO (Quadravest Preferred Split Share ETF) are both Preferred Stock/Convertible Bonds funds. HLPR.TO is passively managed, while PREF.TO is actively managed. Over the past year, HLPR.TO returned 16.28% vs 6.32% for PREF.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
HLPR.TO vs. PREF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HLPR.TO achieves a 8.14% return, which is significantly higher than PREF.TO's 3.38% return.
HLPR.TO
- 1D
- -0.22%
- 1M
- 1.76%
- 6M
- 7.48%
- YTD
- 8.14%
- 1Y
- 16.28%
- 3Y*
- 19.66%
- 5Y*
- 7.66%
- 10Y*
- —
PREF.TO
- 1D
- 0.19%
- 1M
- -0.20%
- 6M
- 4.26%
- YTD
- 3.38%
- 1Y
- 6.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HLPR.TO vs. PREF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF | 8.14% | 18.79% | 12.09% |
PREF.TO Quadravest Preferred Split Share ETF | 3.38% | 6.77% | 9.28% |
Correlation
The correlation between HLPR.TO and PREF.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.16 |
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Return for Risk
HLPR.TO vs. PREF.TO — Risk / Return Rank
HLPR.TO
PREF.TO
HLPR.TO vs. PREF.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 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.
| HLPR.TO | PREF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.31 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 4.22 | +2.36 |
| Martin ratioReturn relative to average drawdown | 37.60 | 9.99 | +27.61 |
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Drawdowns
HLPR.TO vs. PREF.TO - Drawdown Comparison
The maximum HLPR.TO drawdown since its inception was -38.96%, 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 HLPR.TO and PREF.TO.
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Drawdown Indicators
| HLPR.TO | PREF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.96% | -6.24% | -32.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -1.50% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -9.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.79% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.39% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -0.75% | -5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.63% | -0.20% |
Volatility
HLPR.TO vs. PREF.TO - Volatility Comparison
The current volatility for Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) is 1.17%, while Quadravest Preferred Split Share ETF (PREF.TO) has a volatility of 1.24%. This indicates that HLPR.TO experiences smaller price fluctuations and is considered to be less risky than PREF.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 | PREF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.24% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 2.90% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 4.05% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.35% | 5.19% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.00% | 5.19% | +7.81% |
Dividends
HLPR.TO vs. PREF.TO - Dividend Comparison
HLPR.TO has not paid dividends to shareholders, while PREF.TO's dividend yield for the trailing twelve months is around 6.60%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF | 0.00% | 0.00% | 0.00% |
PREF.TO Quadravest Preferred Split Share ETF | 6.60% | 6.60% | 3.18% |
Frequently Asked Questions
HLPR.TO and PREF.TO have a correlation of 0.11, 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: Global X and Quadravest.
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