HLPR.TO vs. TPRF.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) and TD Active Preferred Share ETF (TPRF.TO).

HLPR.TO and TPRF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HLPR.TO is a passively managed fund by Global X that tracks the performance of the Solactive Laddered Canadian Preferred Share Index. It was launched on Feb 26, 2019. TPRF.TO is an actively managed fund by TD. It was launched on Nov 8, 2018.

Performance

HLPR.TO vs. TPRF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) and TD Active Preferred Share ETF (TPRF.TO). The values are adjusted to include any dividend payments, if applicable.

HLPR.TO vs. TPRF.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	1.87%	18.79%	28.13%	2.89%	-17.83%	23.17%	6.42%	0.80%
TPRF.TO TD Active Preferred Share ETF	0.64%	18.21%	28.68%	5.53%	-11.31%	37.88%	11.44%	8.62%

Returns By Period

In the year-to-date period, HLPR.TO achieves a 1.87% return, which is significantly higher than TPRF.TO's 0.64% return.

HLPR.TO

• 1D: 0.81%
• 1M: -0.29%
• YTD: 1.87%
• 6M: 6.62%
• 1Y: 18.22%
• 3Y*: 16.96%
• 5Y*: 7.72%
• 10Y*: —

TPRF.TO

• 1D: 0.64%
• 1M: -0.94%
• YTD: 0.64%
• 6M: 5.56%
• 1Y: 17.19%
• 3Y*: 16.64%
• 5Y*: 11.09%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HLPR.TO vs. TPRF.TO - Expense Ratio Comparison

HLPR.TO has a 0.30% expense ratio, which is lower than TPRF.TO's 0.50% expense ratio.

TPRF.TO

TD Active Preferred Share ETF

HLPR.TO

Global X Laddered Canadian Preferred Share Index Corporate Class ETF

Return for Risk

HLPR.TO vs. TPRF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLPR.TO

HLPR.TO Risk / Return Rank: 91
HLPR.TO Sharpe Ratio Rank: 95
HLPR.TO Sortino Ratio Rank: 94
HLPR.TO Omega Ratio Rank: 97
HLPR.TO Calmar Ratio Rank: 79
HLPR.TO Martin Ratio Rank: 89

TPRF.TO

TPRF.TO Risk / Return Rank: 90
TPRF.TO Sharpe Ratio Rank: 94
TPRF.TO Sortino Ratio Rank: 92
TPRF.TO Omega Ratio Rank: 97
TPRF.TO Calmar Ratio Rank: 79
TPRF.TO Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLPR.TO vs. TPRF.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 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.

	HLPR.TO	TPRF.TO	Difference
Sharpe ratio Return per unit of total volatility	2.41	2.36	+0.05
Sortino ratio Return per unit of downside risk	2.93	2.76	+0.18
Omega ratio Gain probability vs. loss probability	1.64	1.62	+0.02
Calmar ratio Return relative to maximum drawdown	2.25	2.17	+0.08
Martin ratio Return relative to average drawdown	11.76	11.61	+0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLPR.TO vs. TPRF.TO - Sharpe Ratio Comparison

The current HLPR.TO Sharpe Ratio is 2.41, which is comparable to the TPRF.TO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of HLPR.TO and TPRF.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HLPR.TO	TPRF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.36	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	1.15	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.74	-0.13

Correlation

The correlation between HLPR.TO and TPRF.TO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HLPR.TO vs. TPRF.TO - Dividend Comparison

HLPR.TO has not paid dividends to shareholders, while TPRF.TO's dividend yield for the trailing twelve months is around 4.55%.

	TTM	2025	2024	2023	2022	2021	2020	2019
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%
TPRF.TO TD Active Preferred Share ETF	4.55%	4.36%	4.56%	5.74%	10.25%	8.28%	10.46%	9.90%

Drawdowns

HLPR.TO vs. TPRF.TO - Drawdown Comparison

The maximum HLPR.TO drawdown since its inception was -38.96%, smaller than the maximum TPRF.TO drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for HLPR.TO and TPRF.TO.

Drawdown Indicators

	HLPR.TO	TPRF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.96%	-43.12%	+4.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-7.93%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-26.79%	-20.45%	-6.34%
Current Drawdown Current decline from peak	-0.69%	-0.94%	+0.25%
Average Drawdown Average peak-to-trough decline	-6.74%	-6.01%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	1.48%	+0.11%

Volatility

HLPR.TO vs. TPRF.TO - Volatility Comparison

Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) has a higher volatility of 1.72% compared to TD Active Preferred Share ETF (TPRF.TO) at 1.51%. This indicates that HLPR.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.

Volatility by Period

	HLPR.TO	TPRF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	1.51%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	3.34%	3.09%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	7.60%	7.31%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.33%	9.69%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	15.58%	-2.35%