NPRF.TO vs. SPLT.TO
NPRF.TO (NBI Active Canadian Preferred Shares ETF) and SPLT.TO (Brompton Split Corp. Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 3 years, NPRF.TO returned 16.89%/yr vs 9.53%/yr for SPLT.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
NPRF.TO vs. SPLT.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 higher than SPLT.TO's 3.44% 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*
- —
SPLT.TO
- 1D
- -0.09%
- 1M
- -0.23%
- 6M
- 4.30%
- YTD
- 3.44%
- 1Y
- 5.71%
- 3Y*
- 9.53%
- 5Y*
- —
- 10Y*
- —
NPRF.TO vs. SPLT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NPRF.TO NBI Active Canadian Preferred Shares ETF | 5.26% | 11.95% | 29.71% | 3.73% |
SPLT.TO Brompton Split Corp. Preferred Share ETF | 3.44% | 5.75% | 14.10% | 5.83% |
Correlation
The correlation between NPRF.TO and SPLT.TO is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023 | 0.05 |
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Return for Risk
NPRF.TO vs. SPLT.TO — Risk / Return Rank
NPRF.TO
SPLT.TO
NPRF.TO vs. SPLT.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 Brompton Split Corp. Preferred Share ETF (SPLT.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 | SPLT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 3.15 | -2.15 |
| Martin ratioReturn relative to average drawdown | 1.79 | 8.33 | -6.54 |
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Drawdowns
NPRF.TO vs. SPLT.TO - Drawdown Comparison
The maximum NPRF.TO drawdown since its inception was -36.97%, which is greater than SPLT.TO's maximum drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for NPRF.TO and SPLT.TO.
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Drawdown Indicators
| NPRF.TO | SPLT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -5.36% | -31.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -1.82% | -6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.85% | -5.36% | -2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.68% | — | — |
Current DrawdownCurrent decline from peak | -2.78% | -0.50% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -0.49% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 0.69% | +3.70% |
Volatility
NPRF.TO vs. SPLT.TO - Volatility Comparison
The current volatility for NBI Active Canadian Preferred Shares ETF (NPRF.TO) is 0.90%, while Brompton Split Corp. Preferred Share ETF (SPLT.TO) has a volatility of 1.00%. This indicates that NPRF.TO experiences smaller price fluctuations and is considered to be less risky than SPLT.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 | SPLT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 1.00% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.21% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.43% | 3.44% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.42% | 4.64% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 4.64% | +7.65% |
Dividends
NPRF.TO vs. SPLT.TO - Dividend Comparison
NPRF.TO's dividend yield for the trailing twelve months is around 4.52%, less than SPLT.TO's 5.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NPRF.TO NBI Active Canadian Preferred Shares ETF | 4.52% | 4.75% | 4.65% | 5.86% | 4.91% | 3.78% | 4.39% | 3.16% |
SPLT.TO Brompton Split Corp. Preferred Share ETF | 5.99% | 6.01% | 5.99% | 3.55% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NPRF.TO and SPLT.TO have a correlation of -0.00, 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 Brompton Funds.
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