NPRF.TO vs. HPR.TO
NPRF.TO (NBI Active Canadian Preferred Shares ETF) and HPR.TO (Global X Active Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, NPRF.TO returned 6.29%/yr vs 7.88%/yr for HPR.TO. At a 0.45 correlation, their price movements are largely independent.
Performance
NPRF.TO vs. HPR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NPRF.TO achieves a 5.26% return, which is significantly lower than HPR.TO's 6.60% return.
NPRF.TO
- 1D
- 0.07%
- 1M
- 1.37%
- 6M
- 4.47%
- YTD
- 5.26%
- 1Y
- 7.83%
- 3Y*
- 16.89%
- 5Y*
- 6.29%
- 10Y*
- —
HPR.TO
- 1D
- 0.37%
- 1M
- 1.63%
- 6M
- 5.99%
- YTD
- 6.60%
- 1Y
- 14.89%
- 3Y*
- 19.58%
- 5Y*
- 7.88%
- 10Y*
- 7.98%
NPRF.TO vs. HPR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NPRF.TO NBI Active Canadian Preferred Shares ETF | 5.26% | 11.95% | 29.71% | 4.36% | -16.96% | 23.46% | 7.91% | 3.02% |
HPR.TO Global X Active Preferred Share ETF | 6.60% | 17.78% | 27.79% | 8.31% | -19.54% | 24.30% | 6.34% | 1.78% |
Correlation
The correlation between NPRF.TO and HPR.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.45 |
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Return for Risk
NPRF.TO vs. HPR.TO — Risk / Return Rank
NPRF.TO
HPR.TO
NPRF.TO vs. HPR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NBI Active Canadian Preferred Shares ETF (NPRF.TO) and Global X Active Preferred Share ETF (HPR.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.
| NPRF.TO | HPR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.78 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 6.73 | -5.73 |
| Martin ratioReturn relative to average drawdown | 1.79 | 34.62 | -32.83 |
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Drawdowns
NPRF.TO vs. HPR.TO - Drawdown Comparison
The maximum NPRF.TO drawdown since its inception was -36.97%, smaller than the maximum HPR.TO drawdown of -45.02%. Use the drawdown chart below to compare losses from any high point for NPRF.TO and HPR.TO.
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Drawdown Indicators
| NPRF.TO | HPR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -45.02% | +8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -2.22% | -5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.85% | -7.83% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.68% | -22.88% | -1.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.02% | — |
Current DrawdownCurrent decline from peak | -2.78% | 0.00% | -2.78% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -6.15% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 0.43% | +3.96% |
Volatility
NPRF.TO vs. HPR.TO - Volatility Comparison
NBI Active Canadian Preferred Shares ETF (NPRF.TO) has a higher volatility of 0.90% compared to Global X Active Preferred Share ETF (HPR.TO) at 0.85%. This indicates that NPRF.TO's price experiences larger fluctuations and is considered to be riskier than HPR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPRF.TO | HPR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.85% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.65% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 4.09% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.42% | 8.43% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 11.76% | +0.53% |
Dividends
NPRF.TO vs. HPR.TO - Dividend Comparison
NPRF.TO's dividend yield for the trailing twelve months is around 4.52%, less than HPR.TO's 4.72% 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% |
NPRF.TO NBI Active Canadian Preferred Shares ETF | 4.52% | 4.75% | 4.65% | 5.86% | 4.91% | 3.78% | 4.39% | 3.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NPRF.TO and HPR.TO have a correlation of 0.36, 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: NBI and Global X.
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