PR.TO vs. XPF.TO
PR.TO (Lysander-Slater Preferred Share ActivETF) and XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) are both Preferred Stock/Convertible Bonds funds. PR.TO is actively managed, while XPF.TO is passively managed. Over the past 10 years, PR.TO returned 6.03%/yr vs 3.93%/yr for XPF.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
PR.TO vs. XPF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PR.TO achieves a 3.48% return, which is significantly higher than XPF.TO's 2.01% return. Over the past 10 years, PR.TO has outperformed XPF.TO with an annualized return of 6.03%, while XPF.TO has yielded a comparatively lower 3.93% annualized return.
PR.TO
- 1D
- 0.19%
- 1M
- 1.18%
- 6M
- 3.58%
- YTD
- 3.48%
- 1Y
- 8.73%
- 3Y*
- 14.86%
- 5Y*
- 5.40%
- 10Y*
- 6.03%
XPF.TO
- 1D
- -0.06%
- 1M
- -0.20%
- 6M
- 0.23%
- YTD
- 2.01%
- 1Y
- 5.65%
- 3Y*
- 10.39%
- 5Y*
- 2.37%
- 10Y*
- 3.93%
PR.TO vs. XPF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PR.TO Lysander-Slater Preferred Share ActivETF | 3.48% | 11.10% | 24.22% | 7.90% | -18.17% | 28.22% | -0.17% | 1.64% | -10.79% | 12.24% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 2.01% | 9.33% | 14.80% | 7.19% | -19.48% | 11.51% | 5.34% | 8.88% | -7.32% | 10.03% |
Correlation
The correlation between PR.TO and XPF.TO is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2015 | 0.30 |
Over the past year, the correlation between PR.TO and XPF.TO has dropped to 0.03 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
PR.TO vs. XPF.TO — Risk / Return Rank
PR.TO
XPF.TO
PR.TO vs. XPF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lysander-Slater Preferred Share ActivETF (PR.TO) and iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.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 | XPF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.19 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 6.09 | 1.48 | +4.61 |
| Martin ratioReturn relative to average drawdown | 22.13 | 4.94 | +17.20 |
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Drawdowns
PR.TO vs. XPF.TO - Drawdown Comparison
The maximum PR.TO drawdown since its inception was -45.17%, roughly equal to the maximum XPF.TO drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for PR.TO and XPF.TO.
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Drawdown Indicators
| PR.TO | XPF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.17% | -43.52% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -3.84% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -7.54% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -24.67% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -45.17% | -43.52% | -1.65% |
Current DrawdownCurrent decline from peak | 0.00% | -1.02% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -4.73% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.15% | -0.75% |
Volatility
PR.TO vs. XPF.TO - Volatility Comparison
The current volatility for Lysander-Slater Preferred Share ActivETF (PR.TO) is 0.78%, while iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) has a volatility of 2.09%. This indicates that PR.TO experiences smaller price fluctuations and is considered to be less risky than XPF.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 | XPF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 2.09% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 4.67% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 5.54% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 8.57% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 14.39% | -2.87% |
Dividends
PR.TO vs. XPF.TO - Dividend Comparison
PR.TO's dividend yield for the trailing twelve months is around 5.00%, less than XPF.TO's 5.21% 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% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 5.21% | 5.08% | 5.21% | 5.74% | 5.46% | 4.30% | 4.95% | 5.12% | 4.94% | 4.59% | 5.14% | 5.11% |
Frequently Asked Questions
PR.TO and XPF.TO have a correlation of 0.03, 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 iShares.
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