MA vs. TPRF.TO

Last updated Jun 16, 2026

MA (Mastercard Incorporated) is a stock, while TPRF.TO (TD Active Preferred Share ETF) is Preferred Stock/Convertible Bonds fund actively managed by TD. Over the past 5 years, MA returned 6.78%/yr vs 5.64%/yr for TPRF.TO. At a 0.16 correlation, their price movements are largely independent.

Performance

MA vs. TPRF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mastercard Incorporated (MA) and TD Active Preferred Share ETF (TPRF.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MA is traded in USD, while TPRF.TO is traded in CAD. To make them comparable, the TPRF.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MA achieves a -13.78% return, which is significantly lower than TPRF.TO's 2.81% return.

MA

• 1D: 0.13%
• 1M: -0.72%
• YTD: -13.78%
• 6M: -13.51%
• 1Y: -12.19%
• 3Y*: 9.87%
• 5Y*: 6.78%
• 10Y*: 18.76%

TPRF.TO

• 1D: 0.06%
• 1M: -1.49%
• YTD: 2.81%
• 6M: 4.64%
• 1Y: 14.07%
• 3Y*: 16.75%
• 5Y*: 5.64%
• 10Y*: —

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

MA vs. TPRF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MA Mastercard Incorporated	-13.78%	9.04%	24.17%	23.40%	-2.66%	1.16%	20.19%	59.16%	-4.80%
TPRF.TO TD Active Preferred Share ETF	2.81%	23.86%	18.63%	8.10%	-20.50%	31.85%	7.20%	16.81%	-16.77%

Correlation

The correlation between MA and TPRF.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018	0.16

The correlation between MA and TPRF.TO shifts across timeframes, from 0.06 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MA vs. TPRF.TO — Risk / Return Rank

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

MA

MA Risk / Return Rank: 18
MA Sharpe Ratio Rank: 18
MA Sortino Ratio Rank: 18
MA Omega Ratio Rank: 18
MA Calmar Ratio Rank: 21
MA Martin Ratio Rank: 16

TPRF.TO

TPRF.TO Risk / Return Rank: 96
TPRF.TO Sharpe Ratio Rank: 97
TPRF.TO Sortino Ratio Rank: 97
TPRF.TO Omega Ratio Rank: 97
TPRF.TO Calmar Ratio Rank: 95
TPRF.TO Martin Ratio Rank: 97

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.

MA vs. TPRF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mastercard Incorporated (MA) 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.

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.

	MA	TPRF.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	2.33	-2.89
Sortino ratio: Return per unit of downside risk	-0.65	3.57	-4.22
Omega ratio: Gain probability vs. loss probability	0.92	1.43	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.58	4.02	-4.60
Martin ratio: Return relative to average drawdown	-1.18	14.58	-15.75

MA vs. TPRF.TO - Sharpe Ratio Comparison

The current MA Sharpe Ratio is -0.56, which is lower than the TPRF.TO Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of MA and TPRF.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.

Drawdowns

MA vs. TPRF.TO - Drawdown Comparison

The maximum MA drawdown since its inception was -62.67%, which is greater than TPRF.TO's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for MA and TPRF.TO.

Drawdown Indicators

	MA	TPRF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-62.67%	-49.52%	-13.15%
Max Drawdown (1Y) Largest decline over 1 year	-20.91%	-3.51%	-17.40%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-11.55%	-9.36%
Max Drawdown (5Y) Largest decline over 5 years	-28.25%	-29.88%	+1.63%
Max Drawdown (10Y) Largest decline over 10 years	-41.00%	—	—
Current Drawdown Current decline from peak	-17.71%	-1.82%	-15.89%
Average Drawdown Average peak-to-trough decline	-9.83%	-9.51%	-0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	0.97%	+9.41%

Volatility

MA vs. TPRF.TO - Volatility Comparison

Mastercard Incorporated (MA) has a higher volatility of 6.46% compared to TD Active Preferred Share ETF (TPRF.TO) at 1.43%. This indicates that MA'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

	MA	TPRF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.46%	1.43%	+5.03%
Volatility (6M) Calculated over the trailing 6-month period	16.91%	4.11%	+12.80%
Volatility (1Y) Calculated over the trailing 1-year period	21.90%	6.07%	+15.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.02%	11.96%	+12.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.93%	17.22%	+9.71%

Dividends

MA vs. TPRF.TO - Dividend Comparison

MA's dividend yield for the trailing twelve months is around 0.66%, less than TPRF.TO's 4.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MA Mastercard Incorporated	0.66%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%
TPRF.TO TD Active Preferred Share ETF	4.51%	4.36%	4.56%	5.74%	4.99%	4.04%	5.09%	5.05%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MA and TPRF.TO in my portfolio?

MA and TPRF.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.