RPF.TO vs. PR.TO
RPF.TO (RBC Canadian Preferred Share ETF) and PR.TO (Lysander-Slater Preferred Share ActivETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Over the past 5 years, RPF.TO returned 7.88%/yr vs 5.34%/yr for PR.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
RPF.TO vs. PR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RPF.TO achieves a 8.51% return, which is significantly higher than PR.TO's 3.18% return.
RPF.TO
- 1D
- 0.19%
- 1M
- 1.90%
- 6M
- 7.85%
- YTD
- 8.51%
- 1Y
- 16.92%
- 3Y*
- 19.85%
- 5Y*
- 7.88%
- 10Y*
- —
PR.TO
- 1D
- -0.29%
- 1M
- 0.70%
- 6M
- 3.08%
- YTD
- 3.18%
- 1Y
- 8.21%
- 3Y*
- 14.75%
- 5Y*
- 5.34%
- 10Y*
- 6.00%
RPF.TO vs. PR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPF.TO RBC Canadian Preferred Share ETF | 8.51% | 19.23% | 28.54% | 3.28% | -18.37% | 23.47% | 6.47% | 0.26% | -9.86% | 16.07% |
PR.TO Lysander-Slater Preferred Share ActivETF | 3.18% | 11.10% | 24.22% | 7.90% | -18.17% | 28.22% | -0.17% | 1.64% | -10.79% | 12.24% |
Correlation
The correlation between RPF.TO and PR.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2016 | 0.41 |
Over the past year, the correlation between RPF.TO and PR.TO has dropped to 0.20 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
RPF.TO vs. PR.TO — Risk / Return Rank
RPF.TO
PR.TO
RPF.TO vs. PR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Preferred Share ETF (RPF.TO) and Lysander-Slater Preferred Share ActivETF (PR.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.
| RPF.TO | PR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.43 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 8.04 | 5.72 | +2.32 |
| Martin ratioReturn relative to average drawdown | 43.75 | 20.78 | +22.97 |
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Drawdowns
RPF.TO vs. PR.TO - Drawdown Comparison
The maximum RPF.TO drawdown since its inception was -45.68%, roughly equal to the maximum PR.TO drawdown of -45.17%. Use the drawdown chart below to compare losses from any high point for RPF.TO and PR.TO.
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Drawdown Indicators
| RPF.TO | PR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.68% | -45.17% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -1.44% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -9.19% | -4.62% | -4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.37% | -21.39% | -4.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.17% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -7.18% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.40% | -0.01% |
Volatility
RPF.TO vs. PR.TO - Volatility Comparison
RBC Canadian Preferred Share ETF (RPF.TO) has a higher volatility of 1.21% compared to Lysander-Slater Preferred Share ActivETF (PR.TO) at 0.84%. This indicates that RPF.TO's price experiences larger fluctuations and is considered to be riskier than PR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPF.TO | PR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.84% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.69% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 3.85% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 8.57% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.27% | 11.52% | +0.75% |
Dividends
RPF.TO vs. PR.TO - Dividend Comparison
RPF.TO's dividend yield for the trailing twelve months is around 4.88%, less than PR.TO's 5.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PR.TO Lysander-Slater Preferred Share ActivETF | 5.01% | 4.85% | 4.49% | 4.80% | 4.71% | 3.85% | 4.79% | 4.69% | 4.97% | 6.73% | 3.68% | 1.17% |
RPF.TO RBC Canadian Preferred Share ETF | 4.88% | 5.08% | 5.48% | 6.17% | 5.65% | 4.22% | 5.24% | 5.07% | 4.52% | 3.95% | 1.10% | 0.00% |
Frequently Asked Questions
RPF.TO and PR.TO have a correlation of 0.20, 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: RBC and Lysander.
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