HYBR.TO vs. XPF.TO
HYBR.TO (Global X Active Hybrid Bond and Preferred Share ETF) and XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) are both Preferred Stock/Convertible Bonds funds. HYBR.TO is actively managed, while XPF.TO is passively managed. Over the past 10 years, HYBR.TO returned 8.33%/yr vs 4.08%/yr for XPF.TO. At a 0.28 correlation, their price movements are largely independent. HYBR.TO charges 0.65%/yr vs 0.50%/yr for XPF.TO.
Performance
HYBR.TO vs. XPF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HYBR.TO achieves a 5.51% return, which is significantly higher than XPF.TO's 2.80% return. Over the past 10 years, HYBR.TO has outperformed XPF.TO with an annualized return of 8.33%, while XPF.TO has yielded a comparatively lower 4.08% annualized return.
HYBR.TO
- 1D
- -0.09%
- 1M
- 2.05%
- YTD
- 5.51%
- 6M
- 7.51%
- 1Y
- 18.87%
- 3Y*
- 20.20%
- 5Y*
- 7.93%
- 10Y*
- 8.33%
XPF.TO
- 1D
- 0.13%
- 1M
- 0.50%
- YTD
- 2.80%
- 6M
- 3.61%
- 1Y
- 9.95%
- 3Y*
- 10.34%
- 5Y*
- 2.61%
- 10Y*
- 4.08%
HYBR.TO vs. XPF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYBR.TO Global X Active Hybrid Bond and Preferred Share ETF | 5.51% | 17.73% | 27.83% | 6.98% | -15.95% | 26.17% | 5.51% | 0.63% | -10.44% | 17.19% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 2.80% | 9.33% | 14.80% | 7.19% | -19.48% | 11.51% | 5.34% | 8.88% | -7.32% | 10.03% |
Correlation
The correlation between HYBR.TO and XPF.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2013 | 0.28 |
The correlation between HYBR.TO and XPF.TO shifts across timeframes, from 0.10 (1 year) to 0.29 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYBR.TO vs. XPF.TO — Risk / Return Rank
HYBR.TO
XPF.TO
HYBR.TO vs. XPF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Hybrid Bond and Preferred Share ETF (HYBR.TO) and iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.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.
| HYBR.TO | XPF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.35 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 10.09 | 2.60 | +7.49 |
| Martin ratioReturn relative to average drawdown | 41.05 | 9.36 | +31.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYBR.TO | XPF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 1.84 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.31 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.28 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.30 | +0.11 |
Drawdowns
HYBR.TO vs. XPF.TO - Drawdown Comparison
The maximum HYBR.TO drawdown since its inception was -46.65%, which is greater than XPF.TO's maximum drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for HYBR.TO and XPF.TO.
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Drawdown Indicators
| HYBR.TO | XPF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.65% | -43.52% | -3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.88% | -3.84% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.27% | -7.54% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -24.67% | +2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -46.65% | -43.52% | -3.13% |
Current DrawdownCurrent decline from peak | -0.30% | -0.25% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -4.77% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 1.07% | -0.61% |
Volatility
HYBR.TO vs. XPF.TO - Volatility Comparison
Global X Active Hybrid Bond and Preferred Share ETF (HYBR.TO) has a higher volatility of 1.89% compared to iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) at 1.59%. This indicates that HYBR.TO's price experiences larger fluctuations and is considered to be riskier than XPF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYBR.TO | XPF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.59% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 4.24% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.76% | 5.44% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.49% | 8.52% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 14.44% | -0.62% |
HYBR.TO vs. XPF.TO - Expense Ratio Comparison
HYBR.TO has a 0.65% expense ratio, which is higher than XPF.TO's 0.50% expense ratio.
Dividends
HYBR.TO vs. XPF.TO - Dividend Comparison
HYBR.TO's dividend yield for the trailing twelve months is around 4.55%, less than XPF.TO's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBR.TO Global X Active Hybrid Bond and Preferred Share ETF | 4.55% | 4.31% | 4.24% | 5.28% | 5.56% | 3.94% | 5.14% | 4.78% | 4.26% | 3.70% | 4.28% | 4.34% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 5.13% | 5.08% | 5.21% | 5.74% | 5.46% | 4.30% | 4.95% | 5.12% | 4.94% | 4.59% | 5.14% | 5.11% |
Frequently Asked Questions
HYBR.TO and XPF.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XPF.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XPF.TO is cheaper with a 0.50% expense ratio, compared with 0.65% for HYBR.TO.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.65% for HYBR.TO and 0.50% for XPF.TO.
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