PR.TO vs. TPRF.TO
PR.TO (Lysander-Slater Preferred Share ActivETF) and TPRF.TO (TD Active Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, PR.TO returned 5.44%/yr vs 8.97%/yr for TPRF.TO. At a 0.36 correlation, their price movements are largely independent.
Performance
PR.TO vs. TPRF.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 TPRF.TO's 7.11% 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%
TPRF.TO
- 1D
- 0.23%
- 1M
- 2.10%
- 6M
- 6.43%
- YTD
- 7.11%
- 1Y
- 15.36%
- 3Y*
- 20.16%
- 5Y*
- 8.97%
- 10Y*
- —
PR.TO vs. TPRF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PR.TO Lysander-Slater Preferred Share ActivETF | 3.38% | 11.10% | 24.22% | 7.90% | -18.17% | 28.22% | -0.17% | 1.64% | -8.26% |
TPRF.TO TD Active Preferred Share ETF | 7.11% | 18.21% | 28.67% | 5.53% | -15.46% | 31.78% | 4.65% | 12.00% | -14.27% |
Correlation
The correlation between PR.TO and TPRF.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.36 |
Over the past year, the correlation between PR.TO and TPRF.TO has dropped to 0.14 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
PR.TO vs. TPRF.TO — Risk / Return Rank
PR.TO
TPRF.TO
PR.TO vs. TPRF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lysander-Slater Preferred Share ActivETF (PR.TO) 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.
| PR.TO | TPRF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.82 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 6.09 | 6.20 | -0.11 |
| Martin ratioReturn relative to average drawdown | 22.15 | 33.46 | -11.31 |
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Drawdowns
PR.TO vs. TPRF.TO - Drawdown Comparison
The maximum PR.TO drawdown since its inception was -45.17%, roughly equal to the maximum TPRF.TO drawdown of -44.80%. Use the drawdown chart below to compare losses from any high point for PR.TO and TPRF.TO.
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Drawdown Indicators
| PR.TO | TPRF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.17% | -44.80% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -2.49% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -8.39% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -23.90% | +2.51% |
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% | -7.52% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.46% | -0.06% |
Volatility
PR.TO vs. TPRF.TO - Volatility Comparison
The current volatility for Lysander-Slater Preferred Share ActivETF (PR.TO) is 0.79%, while TD Active Preferred Share ETF (TPRF.TO) has a volatility of 0.89%. This indicates that PR.TO experiences smaller price fluctuations and is considered to be less risky than TPRF.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 | TPRF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.89% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.63% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 4.10% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 9.64% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 15.25% | -3.73% |
Dividends
PR.TO vs. TPRF.TO - Dividend Comparison
PR.TO's dividend yield for the trailing twelve months is around 5.00%, more than TPRF.TO's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TPRF.TO TD Active Preferred Share ETF | 4.49% | 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
PR.TO and TPRF.TO have a correlation of 0.14, 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 TD.
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