HPR.TO vs. PREF.TO
HPR.TO (Global X Active Preferred Share ETF) and PREF.TO (Quadravest Preferred Split Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past year, HPR.TO returned 14.67% vs 6.22% for PREF.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
HPR.TO vs. PREF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HPR.TO achieves a 6.50% return, which is significantly higher than PREF.TO's 3.47% return.
HPR.TO
- 1D
- 0.28%
- 1M
- 1.72%
- 6M
- 5.79%
- YTD
- 6.50%
- 1Y
- 14.67%
- 3Y*
- 19.49%
- 5Y*
- 7.86%
- 10Y*
- 7.95%
PREF.TO
- 1D
- 0.09%
- 1M
- 0.08%
- 6M
- 4.76%
- YTD
- 3.47%
- 1Y
- 6.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HPR.TO vs. PREF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HPR.TO Global X Active Preferred Share ETF | 6.50% | 17.78% | 10.46% |
PREF.TO Quadravest Preferred Split Share ETF | 3.47% | 6.77% | 9.28% |
Correlation
The correlation between HPR.TO and PREF.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.13 |
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Return for Risk
HPR.TO vs. PREF.TO — Risk / Return Rank
HPR.TO
PREF.TO
HPR.TO vs. PREF.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 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.
| HPR.TO | PREF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.31 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 6.63 | 4.16 | +2.47 |
| Martin ratioReturn relative to average drawdown | 34.06 | 9.83 | +24.23 |
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Drawdowns
HPR.TO vs. PREF.TO - Drawdown Comparison
The maximum HPR.TO drawdown since its inception was -45.02%, 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 HPR.TO and PREF.TO.
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Drawdown Indicators
| HPR.TO | PREF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.02% | -6.24% | -38.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -1.50% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.02% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.30% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -0.75% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.63% | -0.20% |
Volatility
HPR.TO vs. PREF.TO - Volatility Comparison
The current volatility for Global X Active Preferred Share ETF (HPR.TO) is 0.94%, while Quadravest Preferred Split Share ETF (PREF.TO) has a volatility of 1.23%. This indicates that HPR.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
| HPR.TO | PREF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.23% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 2.87% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 4.05% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 5.19% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.75% | 5.19% | +6.56% |
Dividends
HPR.TO vs. PREF.TO - Dividend Comparison
HPR.TO's dividend yield for the trailing twelve months is around 4.72%, less than PREF.TO's 6.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPR.TO Global X Active Preferred Share ETF | 4.72% | 4.34% | 4.28% | 5.56% | 5.96% | 4.01% | 5.11% | 4.87% | 4.39% | 3.88% | 4.32% | 4.60% |
PREF.TO Quadravest Preferred Split Share ETF | 6.59% | 6.60% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HPR.TO and PREF.TO have a correlation of 0.12, 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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