HPR.TO vs. FPR.TO
HPR.TO (Global X Active Preferred Share ETF) and FPR.TO (CI Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 10 years, HPR.TO returned 7.94%/yr vs 7.52%/yr for FPR.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
HPR.TO vs. FPR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HPR.TO achieves a 6.21% return, which is significantly lower than FPR.TO's 7.39% return. Over the past 10 years, HPR.TO has outperformed FPR.TO with an annualized return of 7.94%, while FPR.TO has yielded a comparatively lower 7.52% annualized return.
HPR.TO
- 1D
- 0.19%
- 1M
- 1.35%
- 6M
- 5.70%
- YTD
- 6.21%
- 1Y
- 14.70%
- 3Y*
- 19.43%
- 5Y*
- 7.80%
- 10Y*
- 7.94%
FPR.TO
- 1D
- 0.11%
- 1M
- 1.65%
- 6M
- 7.05%
- YTD
- 7.39%
- 1Y
- 15.58%
- 3Y*
- 17.18%
- 5Y*
- 7.51%
- 10Y*
- 7.52%
HPR.TO vs. FPR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HPR.TO Global X Active Preferred Share ETF | 6.21% | 17.78% | 27.79% | 8.31% | -19.54% | 24.30% | 6.34% | 2.42% | -10.18% | 15.68% |
FPR.TO CI Preferred Share ETF | 7.39% | 16.63% | 23.27% | 3.44% | -13.72% | 21.25% | 7.57% | 3.65% | -5.80% | 10.90% |
Correlation
The correlation between HPR.TO and FPR.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 17, 2016 | 0.25 |
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Return for Risk
HPR.TO vs. FPR.TO — Risk / Return Rank
HPR.TO
FPR.TO
HPR.TO vs. FPR.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 CI Preferred Share ETF (FPR.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.TO | FPR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.49 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 6.64 | 6.05 | +0.59 |
| Martin ratioReturn relative to average drawdown | 34.17 | 21.90 | +12.27 |
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Drawdowns
HPR.TO vs. FPR.TO - Drawdown Comparison
The maximum HPR.TO drawdown since its inception was -45.02%, which is greater than FPR.TO's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for HPR.TO and FPR.TO.
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Drawdown Indicators
| HPR.TO | FPR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.02% | -36.12% | -8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -2.75% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -7.83% | -7.34% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -20.31% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -45.02% | -36.12% | -8.90% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -4.91% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.76% | -0.33% |
Volatility
HPR.TO vs. FPR.TO - Volatility Comparison
The current volatility for Global X Active Preferred Share ETF (HPR.TO) is 0.81%, while CI Preferred Share ETF (FPR.TO) has a volatility of 1.05%. This indicates that HPR.TO experiences smaller price fluctuations and is considered to be less risky than FPR.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.TO | FPR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 1.05% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 4.52% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 7.23% | -3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 8.24% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 10.35% | +1.41% |
Dividends
HPR.TO vs. FPR.TO - Dividend Comparison
HPR.TO's dividend yield for the trailing twelve months is around 4.74%, more than FPR.TO's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPR.TO CI Preferred Share ETF | 3.97% | 4.57% | 5.01% | 6.00% | 4.59% | 3.79% | 4.42% | 4.52% | 4.49% | 4.06% | 2.52% | 0.00% |
HPR.TO Global X Active Preferred Share ETF | 4.74% | 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 FPR.TO have a correlation of 0.17, 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 CI.
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