PREF.TO vs. SPLT.TO
PREF.TO (Quadravest Preferred Split Share ETF) and SPLT.TO (Brompton Split Corp. Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past year, PREF.TO returned 6.02% vs 5.71% for SPLT.TO. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
PREF.TO vs. SPLT.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 SPLT.TO's 3.44% return.
PREF.TO
- 1D
- 0.00%
- 1M
- -0.39%
- 6M
- 3.96%
- YTD
- 3.18%
- 1Y
- 6.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPLT.TO
- 1D
- -0.09%
- 1M
- -0.23%
- 6M
- 4.30%
- YTD
- 3.44%
- 1Y
- 5.71%
- 3Y*
- 9.53%
- 5Y*
- —
- 10Y*
- —
PREF.TO vs. SPLT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PREF.TO Quadravest Preferred Split Share ETF | 3.18% | 6.77% | 9.28% |
SPLT.TO Brompton Split Corp. Preferred Share ETF | 3.44% | 5.75% | 9.21% |
Correlation
The correlation between PREF.TO and SPLT.TO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.50 |
The correlation between PREF.TO and SPLT.TO has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
PREF.TO vs. SPLT.TO — Risk / Return Rank
PREF.TO
SPLT.TO
PREF.TO vs. SPLT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadravest Preferred Split Share ETF (PREF.TO) and Brompton Split Corp. Preferred Share ETF (SPLT.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 | SPLT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 3.15 | +0.87 |
| Martin ratioReturn relative to average drawdown | 9.52 | 8.33 | +1.19 |
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Drawdowns
PREF.TO vs. SPLT.TO - Drawdown Comparison
The maximum PREF.TO drawdown since its inception was -6.24%, which is greater than SPLT.TO's maximum drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for PREF.TO and SPLT.TO.
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Drawdown Indicators
| PREF.TO | SPLT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.24% | -5.36% | -0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.50% | -1.82% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.36% | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.50% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -0.49% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.69% | -0.06% |
Volatility
PREF.TO vs. SPLT.TO - Volatility Comparison
Quadravest Preferred Split Share ETF (PREF.TO) has a higher volatility of 1.23% compared to Brompton Split Corp. Preferred Share ETF (SPLT.TO) at 1.00%. This indicates that PREF.TO's price experiences larger fluctuations and is considered to be riskier than SPLT.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 | SPLT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.00% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.21% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 3.44% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 4.64% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 4.64% | +0.56% |
Dividends
PREF.TO vs. SPLT.TO - Dividend Comparison
PREF.TO's dividend yield for the trailing twelve months is around 6.61%, more than SPLT.TO's 5.99% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PREF.TO Quadravest Preferred Split Share ETF | 6.61% | 6.60% | 3.18% | 0.00% |
SPLT.TO Brompton Split Corp. Preferred Share ETF | 5.99% | 6.01% | 5.99% | 3.55% |
Frequently Asked Questions
PREF.TO and SPLT.TO have a correlation of 0.52, 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 Brompton Funds.
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