PREF.TO vs. HLPR.TO
PREF.TO (Quadravest Preferred Split Share ETF) and HLPR.TO (Global X Laddered Canadian Preferred Share Index Corporate Class ETF) are both Preferred Stock/Convertible Bonds funds. PREF.TO is actively managed, while HLPR.TO is passively managed. Over the past year, PREF.TO returned 6.02% vs 16.61% for HLPR.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
PREF.TO vs. HLPR.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 HLPR.TO's 8.38% return.
PREF.TO
- 1D
- 0.00%
- 1M
- -0.39%
- 6M
- 3.96%
- YTD
- 3.18%
- 1Y
- 6.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HLPR.TO
- 1D
- 0.63%
- 1M
- 1.87%
- 6M
- 7.50%
- YTD
- 8.38%
- 1Y
- 16.61%
- 3Y*
- 19.84%
- 5Y*
- 7.70%
- 10Y*
- —
PREF.TO vs. HLPR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PREF.TO Quadravest Preferred Split Share ETF | 3.18% | 6.77% | 9.28% |
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF | 8.38% | 18.79% | 12.09% |
Correlation
The correlation between PREF.TO and HLPR.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.16 |
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Return for Risk
PREF.TO vs. HLPR.TO — Risk / Return Rank
PREF.TO
HLPR.TO
PREF.TO vs. HLPR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadravest Preferred Split Share ETF (PREF.TO) and Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.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 | HLPR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.84 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 6.71 | -2.69 |
| Martin ratioReturn relative to average drawdown | 9.52 | 38.37 | -28.85 |
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Drawdowns
PREF.TO vs. HLPR.TO - Drawdown Comparison
The maximum PREF.TO drawdown since its inception was -6.24%, smaller than the maximum HLPR.TO drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for PREF.TO and HLPR.TO.
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Drawdown Indicators
| PREF.TO | HLPR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.24% | -38.96% | +32.72% |
Max Drawdown (1Y)Largest decline over 1 year | -1.50% | -2.49% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.79% | — |
Current DrawdownCurrent decline from peak | -0.58% | 0.00% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -6.47% | +5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.43% | +0.20% |
Volatility
PREF.TO vs. HLPR.TO - Volatility Comparison
Quadravest Preferred Split Share ETF (PREF.TO) has a higher volatility of 1.23% compared to Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) at 1.15%. This indicates that PREF.TO's price experiences larger fluctuations and is considered to be riskier than HLPR.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 | HLPR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.15% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.88% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 4.37% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 8.35% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 13.01% | -7.81% |
Dividends
PREF.TO vs. HLPR.TO - Dividend Comparison
PREF.TO's dividend yield for the trailing twelve months is around 6.61%, while HLPR.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF | 0.00% | 0.00% | 0.00% |
PREF.TO Quadravest Preferred Split Share ETF | 6.61% | 6.60% | 3.18% |
Frequently Asked Questions
PREF.TO and HLPR.TO have a correlation of 0.11, 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 Global X.
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