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HPR.TO vs. DXP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HPR.TO vs. DXP.TO

Last updated Jun 24, 2026

HPR.TO (Global X Active Preferred Share ETF) and DXP.TO (Dynamic Active Preferred Shares ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, HPR.TO returned 7.64%/yr vs 8.00%/yr for DXP.TO. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.64% expense ratio.

Performance

HPR.TO vs. DXP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Active Preferred Share ETF (HPR.TO) and Dynamic Active Preferred Shares ETF (DXP.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HPR.TO achieves a 4.99% return, which is significantly higher than DXP.TO's 4.44% return.

HPR.TO

1D
-0.09%
1M
0.13%
YTD
4.99%
6M
5.12%
1Y
16.65%
3Y*
19.33%
5Y*
7.64%
10Y*
8.05%

DXP.TO

1D
-0.04%
1M
0.25%
YTD
4.44%
6M
5.17%
1Y
14.53%
3Y*
17.89%
5Y*
8.00%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HPR.TO vs. DXP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HPR.TO
Global X Active Preferred Share ETF		4.99%17.78%27.79%8.31%-19.54%24.30%6.34%2.42%-10.18%11.45%
DXP.TO
Dynamic Active Preferred Shares ETF		4.44%17.64%25.73%8.22%-16.46%27.89%5.67%3.94%-9.58%11.73%

Correlation

The correlation between HPR.TO and DXP.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2017

0.54

The correlation between HPR.TO and DXP.TO shifts across timeframes, from 0.40 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Global X Active Preferred Share ETF

Dynamic Active Preferred Shares ETF

Often compared with HPR.TO:
HPR.TO vs. TPRF.TOHPR.TO vs. ZPR.TOHPR.TO vs. HLPR.TOHPR.TO vs. TINF.TOHPR.TO vs. HSAV.TOHPR.TO vs. CPD.TOHPR.TO vs. RPF.TO
Often compared with DXP.TO:
DXP.TO vs. SPLT.TODXP.TO vs. X.TODXP.TO vs. DXBB.TODXP.TO vs. DXU.TODXP.TO vs. RPF.TODXP.TO vs. TPRF.TODXP.TO vs. DXMO.TO

Return for Risk

HPR.TO vs. DXP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HPR.TO
HPR.TO Risk / Return Rank: 9797
Overall Rank
HPR.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HPR.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
HPR.TO Omega Ratio Rank: 9797
Omega Ratio Rank
HPR.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
HPR.TO Martin Ratio Rank: 9797
Martin Ratio Rank
DXP.TO
DXP.TO Risk / Return Rank: 9595
Overall Rank
DXP.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
DXP.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
DXP.TO Omega Ratio Rank: 9696
Omega Ratio Rank
DXP.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
DXP.TO Martin Ratio Rank: 9696
Martin Ratio Rank
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.

HPR.TO vs. DXP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Active Preferred Share ETF (HPR.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.

HPR.TODXP.TODifference
Sharpe ratioReturn per unit of total volatility
4.06
3.63

+0.42

Sortino ratioReturn per unit of downside risk
6.06
5.60

+0.46

Omega ratioGain probability vs. loss probability

1.89

1.74

+0.16

Calmar ratioReturn relative to maximum drawdown

7.52

6.07

+1.45

Martin ratioReturn relative to average drawdown

38.87

30.11

+8.76

HPR.TO vs. DXP.TO - Sharpe Ratio Comparison

The current HPR.TO Sharpe Ratio is 4.06, which is comparable to the DXP.TO Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of HPR.TO and DXP.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HPR.TO vs. DXP.TO - Drawdown Comparison

The maximum HPR.TO drawdown since its inception was -45.02%, which is greater than DXP.TO's maximum drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for HPR.TO and DXP.TO.

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Drawdown Indicators

HPR.TODXP.TODifference

Max Drawdown

Largest peak-to-trough decline

-45.02%

-40.72%

-4.30%

Max Drawdown (1Y)

Largest decline over 1 year

-2.22%

-2.40%

+0.18%

Max Drawdown (3Y)

Largest decline over 3 years

-7.83%

-8.30%

+0.47%

Max Drawdown (5Y)

Largest decline over 5 years

-22.88%

-20.11%

-2.77%

Max Drawdown (10Y)

Largest decline over 10 years

-45.02%

—

—

Current Drawdown

Current decline from peak

-0.15%

-0.04%

-0.11%

Average Drawdown

Average peak-to-trough decline

-6.17%

-6.61%

+0.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.43%

0.48%

-0.05%

Volatility

HPR.TO vs. DXP.TO - Volatility Comparison

The current volatility for Global X Active Preferred Share ETF (HPR.TO) is 0.84%, while Dynamic Active Preferred Shares ETF (DXP.TO) has a volatility of 0.94%. This indicates that HPR.TO experiences smaller price fluctuations and is considered to be less risky 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

HPR.TODXP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.84%

0.94%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

2.62%

2.55%

+0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

4.13%

4.02%

+0.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.43%

9.28%

-0.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.77%

12.22%

-0.45%

HPR.TO vs. DXP.TO - Expense Ratio Comparison

Both HPR.TO and DXP.TO have an expense ratio of 0.64%.

Dividends

HPR.TO vs. DXP.TO - Dividend Comparison

HPR.TO's dividend yield for the trailing twelve months is around 4.71%, more than DXP.TO's 4.40% yield.

PositionTTM20252024202320222021202020192018201720162015
DXP.TO
Dynamic Active Preferred Shares ETF		4.40%4.52%5.05%5.31%4.58%3.67%4.51%4.53%4.50%3.36%0.00%0.00%
HPR.TO
Global X Active Preferred Share ETF		4.71%4.34%4.28%5.56%5.96%4.01%5.11%4.87%4.39%3.88%4.32%4.60%

Frequently Asked Questions

HPR.TO and DXP.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.64% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

HPR.TO and DXP.TO have the same expense ratio: 0.64% per year.

They also come from different issuers: Global X and Dynamic.

Portfolio Optimizer

Find the right allocation for HPR.TO and DXP.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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