PREF.TO vs. DCP.TO
PREF.TO (Quadravest Preferred Split Share ETF) and DCP.TO (Desjardins Canadian Preferred Share Index ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past year, PREF.TO returned 6.02% vs 13.62% for DCP.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
PREF.TO vs. DCP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PREF.TO achieves a 3.18% return, which is significantly lower than DCP.TO's 6.13% return.
PREF.TO
- 1D
- 0.00%
- 1M
- -0.39%
- 6M
- 3.96%
- YTD
- 3.18%
- 1Y
- 6.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DCP.TO
- 1D
- 0.31%
- 1M
- 1.88%
- 6M
- 5.93%
- YTD
- 6.13%
- 1Y
- 13.62%
- 3Y*
- 18.72%
- 5Y*
- 7.66%
- 10Y*
- —
PREF.TO vs. DCP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PREF.TO Quadravest Preferred Split Share ETF | 3.18% | 6.77% | 9.28% |
DCP.TO Desjardins Canadian Preferred Share Index ETF | 6.13% | 15.46% | 12.58% |
Correlation
The correlation between PREF.TO and DCP.TO is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.05 |
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Return for Risk
PREF.TO vs. DCP.TO — Risk / Return Rank
PREF.TO
DCP.TO
PREF.TO vs. DCP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadravest Preferred Split Share ETF (PREF.TO) and Desjardins Canadian Preferred Share Index ETF (DCP.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.
| PREF.TO | DCP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 5.27 | -1.25 |
| Martin ratioReturn relative to average drawdown | 9.52 | 18.51 | -8.99 |
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Drawdowns
PREF.TO vs. DCP.TO - Drawdown Comparison
The maximum PREF.TO drawdown since its inception was -6.24%, smaller than the maximum DCP.TO drawdown of -43.09%. Use the drawdown chart below to compare losses from any high point for PREF.TO and DCP.TO.
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Drawdown Indicators
| PREF.TO | DCP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.24% | -43.09% | +36.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.50% | -2.60% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.68% | — |
Current DrawdownCurrent decline from peak | -0.58% | 0.00% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -6.86% | +6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.74% | -0.11% |
Volatility
PREF.TO vs. DCP.TO - Volatility Comparison
The current volatility for Quadravest Preferred Split Share ETF (PREF.TO) is 1.23%, while Desjardins Canadian Preferred Share Index ETF (DCP.TO) has a volatility of 1.38%. This indicates that PREF.TO experiences smaller price fluctuations and is considered to be less risky than DCP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PREF.TO | DCP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.38% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 3.42% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 5.78% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 10.11% | -4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 12.48% | -7.28% |
Dividends
PREF.TO vs. DCP.TO - Dividend Comparison
PREF.TO's dividend yield for the trailing twelve months is around 6.61%, more than DCP.TO's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCP.TO Desjardins Canadian Preferred Share Index ETF | 4.82% | 4.66% | 4.63% | 4.98% | 5.25% | 4.15% | 4.90% | 5.08% | 5.16% | 3.02% |
PREF.TO Quadravest Preferred Split Share ETF | 6.61% | 6.60% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PREF.TO and DCP.TO have a correlation of 0.01, 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: Quadravest and Desjardins.
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