PREF.TO vs. DXP.TO
PREF.TO (Quadravest Preferred Split Share ETF) and DXP.TO (Dynamic Active Preferred Shares ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past year, PREF.TO returned 6.02% vs 12.88% for DXP.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
PREF.TO vs. DXP.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 DXP.TO's 5.77% return.
PREF.TO
- 1D
- 0.00%
- 1M
- -0.39%
- 6M
- 3.96%
- YTD
- 3.18%
- 1Y
- 6.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXP.TO
- 1D
- 0.22%
- 1M
- 1.47%
- 6M
- 5.57%
- YTD
- 5.77%
- 1Y
- 12.88%
- 3Y*
- 18.51%
- 5Y*
- 8.14%
- 10Y*
- —
PREF.TO vs. DXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PREF.TO Quadravest Preferred Split Share ETF | 3.18% | 6.77% | 9.28% |
DXP.TO Dynamic Active Preferred Shares ETF | 5.77% | 17.64% | 11.04% |
Correlation
The correlation between PREF.TO and DXP.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.12 |
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Return for Risk
PREF.TO vs. DXP.TO — Risk / Return Rank
PREF.TO
DXP.TO
PREF.TO vs. DXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadravest Preferred Split Share ETF (PREF.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.
| PREF.TO | DXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.66 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 5.38 | -1.36 |
| Martin ratioReturn relative to average drawdown | 9.52 | 26.69 | -17.17 |
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Drawdowns
PREF.TO vs. DXP.TO - Drawdown Comparison
The maximum PREF.TO drawdown since its inception was -6.24%, smaller than the maximum DXP.TO drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for PREF.TO and DXP.TO.
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Drawdown Indicators
| PREF.TO | DXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.24% | -40.72% | +34.48% |
Max Drawdown (1Y)Largest decline over 1 year | -1.50% | -2.40% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.11% | — |
Current DrawdownCurrent decline from peak | -0.58% | 0.00% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -6.57% | +5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.48% | +0.15% |
Volatility
PREF.TO vs. DXP.TO - Volatility Comparison
Quadravest Preferred Split Share ETF (PREF.TO) has a higher volatility of 1.23% compared to Dynamic Active Preferred Shares ETF (DXP.TO) at 0.71%. This indicates that PREF.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
| PREF.TO | DXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.71% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.42% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 3.91% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 9.27% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 12.18% | -6.98% |
Dividends
PREF.TO vs. DXP.TO - Dividend Comparison
PREF.TO's dividend yield for the trailing twelve months is around 6.61%, more than DXP.TO's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 DXP.TO have a correlation of 0.10, 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 Dynamic.
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