PREF.TO vs. FPR.TO
PREF.TO (Quadravest Preferred Split Share ETF) and FPR.TO (CI Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past year, PREF.TO returned 6.02% vs 15.23% for FPR.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
PREF.TO vs. FPR.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 FPR.TO's 7.11% return.
PREF.TO
- 1D
- 0.00%
- 1M
- -0.39%
- 6M
- 3.96%
- YTD
- 3.18%
- 1Y
- 6.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPR.TO
- 1D
- 0.11%
- 1M
- 1.31%
- 6M
- 6.40%
- YTD
- 7.11%
- 1Y
- 15.23%
- 3Y*
- 17.12%
- 5Y*
- 7.36%
- 10Y*
- 7.47%
PREF.TO vs. FPR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PREF.TO Quadravest Preferred Split Share ETF | 3.18% | 6.77% | 9.28% |
FPR.TO CI Preferred Share ETF | 7.11% | 16.63% | 10.70% |
Correlation
The correlation between PREF.TO and FPR.TO is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | -0.01 |
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Return for Risk
PREF.TO vs. FPR.TO — Risk / Return Rank
PREF.TO
FPR.TO
PREF.TO vs. FPR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadravest Preferred Split Share ETF (PREF.TO) and CI Preferred Share ETF (FPR.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 | FPR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.46 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 5.71 | -1.69 |
| Martin ratioReturn relative to average drawdown | 9.52 | 20.66 | -11.14 |
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Drawdowns
PREF.TO vs. FPR.TO - Drawdown Comparison
The maximum PREF.TO drawdown since its inception was -6.24%, smaller than the maximum FPR.TO drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for PREF.TO and FPR.TO.
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Drawdown Indicators
| PREF.TO | FPR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.24% | -36.12% | +29.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.50% | -2.75% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.12% | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.26% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -4.91% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.76% | -0.13% |
Volatility
PREF.TO vs. FPR.TO - Volatility Comparison
Quadravest Preferred Split Share ETF (PREF.TO) has a higher volatility of 1.23% compared to CI Preferred Share ETF (FPR.TO) at 1.13%. This indicates that PREF.TO's price experiences larger fluctuations and is considered to be riskier than FPR.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 | FPR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.13% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 4.49% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 7.17% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 8.24% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 10.35% | -5.15% |
Dividends
PREF.TO vs. FPR.TO - Dividend Comparison
PREF.TO's dividend yield for the trailing twelve months is around 6.61%, more than FPR.TO's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FPR.TO CI Preferred Share ETF | 3.98% | 4.57% | 5.01% | 6.00% | 4.59% | 3.79% | 4.42% | 4.52% | 4.49% | 4.06% | 2.52% |
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% | 0.00% |
Frequently Asked Questions
PREF.TO and FPR.TO have a correlation of -0.04, 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 CI.
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