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PGIC.TO vs. CPD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PGIC.TO vs. CPD.TO

Last updated Jul 14, 2026
Documentation

PGIC.TO (Premium Global Income Split Corp.) is a stock, while CPD.TO (iShares S&P/TSX Canadian Preferred Share Index ETF) is Preferred Stock/Convertible Bonds fund tracking the S&P/TSX Preferred Share TR. Over the past 10 years, PGIC.TO returned -9.93%/yr vs 6.51%/yr for CPD.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

PGIC.TO vs. CPD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Premium Global Income Split Corp. (PGIC.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PGIC.TO achieves a 27.08% return, which is significantly higher than CPD.TO's 5.36% return. Over the past 10 years, PGIC.TO has underperformed CPD.TO with an annualized return of -9.93%, while CPD.TO has yielded a comparatively higher 6.51% annualized return.

PGIC.TO

1D
-0.27%
1M
0.27%
6M
24.32%
YTD
27.08%
1Y
42.80%
3Y*
-12.71%
5Y*
-25.70%
10Y*
-9.93%

CPD.TO

1D
0.00%
1M
1.72%
6M
5.21%
YTD
5.36%
1Y
12.23%
3Y*
16.79%
5Y*
6.12%
10Y*
6.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PGIC.TO vs. CPD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PGIC.TO
Premium Global Income Split Corp.		27.08%4.88%-50.62%-48.37%-36.55%65.71%-43.18%57.27%-51.86%14.36%
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		5.36%16.10%23.31%6.23%-19.19%18.85%5.35%3.35%-9.05%13.44%

Correlation

The correlation between PGIC.TO and CPD.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.09

Correlation (10Y)
Calculated over the trailing 10-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Apr 10, 2007

0.09

The correlation between PGIC.TO and CPD.TO shifts across timeframes, from 0.06 (3 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Premium Global Income Split Corp.

iShares S&P/TSX Canadian Preferred Share Index ETF

Often compared with PGIC.TO:
PGIC.TO vs. HYLD.TOPGIC.TO vs. PFFAPGIC.TO vs. PDOPGIC.TO vs. FTS-PH.TOPGIC.TO vs. ETHY.TOPGIC.TO vs. HDIV.TOPGIC.TO vs. HHIS.TO
Often compared with CPD.TO:
CPD.TO vs. XEI.TOCPD.TO vs. VDY.TOCPD.TO vs. XDIV.TOCPD.TO vs. ZPR.TOCPD.TO vs. VFV.TOCPD.TO vs. fie.TOCPD.TO vs. XAW.TO

Return for Risk

PGIC.TO vs. CPD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PGIC.TO
PGIC.TO Risk / Return Rank: 9696
Overall Rank
PGIC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
PGIC.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
PGIC.TO Omega Ratio Rank: 9595
Omega Ratio Rank
PGIC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
PGIC.TO Martin Ratio Rank: 9898
Martin Ratio Rank
CPD.TO
CPD.TO Risk / Return Rank: 9494
Overall Rank
CPD.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
CPD.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
CPD.TO Omega Ratio Rank: 9595
Omega Ratio Rank
CPD.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
CPD.TO Martin Ratio Rank: 9595
Martin Ratio Rank
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.

PGIC.TO vs. CPD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Premium Global Income Split Corp. (PGIC.TO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.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.

PGIC.TOCPD.TODifference
Sharpe ratioReturn per unit of total volatility
2.79
2.97

-0.18

Sortino ratioReturn per unit of downside risk
3.80
4.04

-0.24

Omega ratioGain probability vs. loss probability

1.48

1.62

-0.15

Calmar ratioReturn relative to maximum drawdown

6.28

4.55

+1.73

Martin ratioReturn relative to average drawdown

22.97

22.66

+0.31

PGIC.TO vs. CPD.TO - Sharpe Ratio Comparison

The current PGIC.TO Sharpe Ratio is 2.79, which is comparable to the CPD.TO Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of PGIC.TO and CPD.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.

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Drawdowns

PGIC.TO vs. CPD.TO - Drawdown Comparison

The maximum PGIC.TO drawdown since its inception was -98.73%, which is greater than CPD.TO's maximum drawdown of -40.92%. Use the drawdown chart below to compare losses from any high point for PGIC.TO and CPD.TO.

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Drawdown Indicators

PGIC.TOCPD.TODifference

Max Drawdown

Largest peak-to-trough decline

-98.73%

-40.92%

-57.81%

Max Drawdown (1Y)

Largest decline over 1 year

-6.85%

-2.70%

-4.15%

Max Drawdown (3Y)

Largest decline over 3 years

-84.94%

-7.65%

-77.29%

Max Drawdown (5Y)

Largest decline over 5 years

-89.13%

-24.12%

-65.01%

Max Drawdown (10Y)

Largest decline over 10 years

-92.52%

-40.92%

-51.60%

Current Drawdown

Current decline from peak

-97.88%

0.00%

-97.88%

Average Drawdown

Average peak-to-trough decline

-75.31%

-6.72%

-68.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.87%

0.54%

+1.33%

Volatility

PGIC.TO vs. CPD.TO - Volatility Comparison

Premium Global Income Split Corp. (PGIC.TO) has a higher volatility of 4.88% compared to iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) at 0.77%. This indicates that PGIC.TO's price experiences larger fluctuations and is considered to be riskier than CPD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PGIC.TOCPD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.88%

0.77%

+4.11%

Volatility (6M)

Calculated over the trailing 6-month period

12.44%

2.72%

+9.72%

Volatility (1Y)

Calculated over the trailing 1-year period

15.43%

4.14%

+11.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

85.12%

7.70%

+77.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

92.71%

10.58%

+82.13%

Dividends

PGIC.TO vs. CPD.TO - Dividend Comparison

PGIC.TO's dividend yield for the trailing twelve months is around 12.83%, more than CPD.TO's 4.98% yield.

PositionTTM20252024202320222021202020192018201720162015
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		4.98%4.96%5.11%5.88%5.53%4.17%4.96%5.02%4.74%4.33%4.85%5.44%
PGIC.TO
Premium Global Income Split Corp.		12.83%15.21%6.86%0.00%0.00%0.00%0.00%4.25%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PGIC.TO and CPD.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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