PR.TO vs. DXP.TO
PR.TO (Lysander-Slater Preferred Share ActivETF) and DXP.TO (Dynamic Active Preferred Shares ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, PR.TO returned 5.44%/yr vs 8.14%/yr for DXP.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
PR.TO vs. DXP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PR.TO achieves a 3.38% return, which is significantly lower than DXP.TO's 5.77% return.
PR.TO
- 1D
- 0.00%
- 1M
- 1.08%
- 6M
- 3.48%
- YTD
- 3.38%
- 1Y
- 8.63%
- 3Y*
- 14.87%
- 5Y*
- 5.44%
- 10Y*
- 5.99%
DXP.TO
- 1D
- 0.22%
- 1M
- 1.47%
- 6M
- 5.57%
- YTD
- 5.77%
- 1Y
- 12.88%
- 3Y*
- 18.51%
- 5Y*
- 8.14%
- 10Y*
- —
PR.TO vs. DXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PR.TO Lysander-Slater Preferred Share ActivETF | 3.38% | 11.10% | 24.22% | 7.90% | -18.17% | 28.22% | -0.17% | 1.64% | -10.79% | 11.36% |
DXP.TO Dynamic Active Preferred Shares ETF | 5.77% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.94% | -9.58% | 11.73% |
Correlation
The correlation between PR.TO and DXP.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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2017 | 0.34 |
The correlation between PR.TO and DXP.TO shifts across timeframes, from 0.16 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PR.TO vs. DXP.TO — Risk / Return Rank
PR.TO
DXP.TO
PR.TO vs. DXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lysander-Slater Preferred Share ActivETF (PR.TO) and Dynamic Active Preferred Shares ETF (DXP.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.
| PR.TO | DXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.66 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.09 | 5.38 | +0.71 |
| Martin ratioReturn relative to average drawdown | 22.15 | 26.69 | -4.55 |
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Drawdowns
PR.TO vs. DXP.TO - Drawdown Comparison
The maximum PR.TO drawdown since its inception was -45.17%, which is greater than DXP.TO's maximum drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for PR.TO and DXP.TO.
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Drawdown Indicators
| PR.TO | DXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.17% | -40.72% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -2.40% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -8.30% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -20.11% | -1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -45.17% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -6.57% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.48% | -0.08% |
Volatility
PR.TO vs. DXP.TO - Volatility Comparison
Lysander-Slater Preferred Share ActivETF (PR.TO) has a higher volatility of 0.79% compared to Dynamic Active Preferred Shares ETF (DXP.TO) at 0.71%. This indicates that PR.TO's price experiences larger fluctuations and is considered to be riskier than DXP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PR.TO | DXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.71% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.42% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.91% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 9.27% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 12.18% | -0.66% |
Dividends
PR.TO vs. DXP.TO - Dividend Comparison
PR.TO's dividend yield for the trailing twelve months is around 5.00%, more than DXP.TO's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.37% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% | 0.00% | 0.00% |
PR.TO Lysander-Slater Preferred Share ActivETF | 5.00% | 4.85% | 4.49% | 4.80% | 4.71% | 3.85% | 4.79% | 4.69% | 4.97% | 6.73% | 3.68% | 1.17% |
Frequently Asked Questions
PR.TO and DXP.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.
They also come from different issuers: Lysander and Dynamic.
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