TPRF.TO vs. ABX.TO

Last updated Jun 4, 2026

TPRF.TO (TD Active Preferred Share ETF) is Preferred Stock/Convertible Bonds fund actively managed by TD, while ABX.TO (Barrick Gold Corporation) is a stock. Over the past 5 years, TPRF.TO returned 10.05%/yr vs 18.79%/yr for ABX.TO. At a 0.00 correlation, their price movements are largely independent.

Performance

TPRF.TO vs. ABX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Active Preferred Share ETF (TPRF.TO) and Barrick Gold Corporation (ABX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPRF.TO achieves a 5.07% return, which is significantly higher than ABX.TO's -1.41% return.

TPRF.TO

• 1D: -0.08%
• 1M: 1.32%
• YTD: 5.07%
• 6M: 6.46%
• 1Y: 17.52%
• 3Y*: 19.71%
• 5Y*: 10.05%
• 10Y*: —

ABX.TO

• 1D: -2.53%
• 1M: 12.05%
• YTD: -1.41%
• 6M: 4.31%
• 1Y: 115.96%
• 3Y*: 38.98%
• 5Y*: 18.79%
• 10Y*: 11.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TPRF.TO vs. ABX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TPRF.TO TD Active Preferred Share ETF	5.07%	18.21%	28.68%	5.53%	-11.31%	37.88%	11.44%	17.78%	-13.58%
ABX.TO Barrick Gold Corporation	-1.41%	173.90%	-4.69%	5.66%	0.12%	-13.90%	21.80%	32.27%	10.19%

Correlation

The correlation between TPRF.TO and ABX.TO is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018	0.00

Return for Risk

TPRF.TO vs. ABX.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TPRF.TO

TPRF.TO Risk / Return Rank: 96
TPRF.TO Sharpe Ratio Rank: 96
TPRF.TO Sortino Ratio Rank: 97
TPRF.TO Omega Ratio Rank: 97
TPRF.TO Calmar Ratio Rank: 94
TPRF.TO Martin Ratio Rank: 96

ABX.TO

ABX.TO Risk / Return Rank: 89
ABX.TO Sharpe Ratio Rank: 92
ABX.TO Sortino Ratio Rank: 87
ABX.TO Omega Ratio Rank: 88
ABX.TO Calmar Ratio Rank: 88
ABX.TO Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TPRF.TO vs. ABX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Active Preferred Share ETF (TPRF.TO) and Barrick Gold Corporation (ABX.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.

	TPRF.TO	ABX.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.25	2.67	+1.58
Sortino ratio: Return per unit of downside risk	6.23	2.94	+3.29
Omega ratio: Gain probability vs. loss probability	1.92	1.41	+0.51
Calmar ratio: Return relative to maximum drawdown	7.07	4.09	+2.97
Martin ratio: Return relative to average drawdown	39.29	10.67	+28.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPRF.TO vs. ABX.TO - Sharpe Ratio Comparison

The current TPRF.TO Sharpe Ratio is 4.25, which is higher than the ABX.TO Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of TPRF.TO and ABX.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TPRF.TO	ABX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.25	2.67	+1.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	0.55	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.30	+0.48

Drawdowns

TPRF.TO vs. ABX.TO - Drawdown Comparison

The maximum TPRF.TO drawdown since its inception was -43.12%, smaller than the maximum ABX.TO drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for TPRF.TO and ABX.TO.

Drawdown Indicators

	TPRF.TO	ABX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-43.12%	-84.49%	+41.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	-28.49%	+26.00%
Max Drawdown (3Y) Largest decline over 3 years	-8.39%	-28.49%	+20.10%
Max Drawdown (5Y) Largest decline over 5 years	-20.45%	-43.76%	+23.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.55%	—
Current Drawdown Current decline from peak	-0.38%	-17.97%	+17.59%
Average Drawdown Average peak-to-trough decline	-5.87%	-31.41%	+25.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	10.91%	-10.46%

Volatility

TPRF.TO vs. ABX.TO - Volatility Comparison

The current volatility for TD Active Preferred Share ETF (TPRF.TO) is 1.21%, while Barrick Gold Corporation (ABX.TO) has a volatility of 16.43%. This indicates that TPRF.TO experiences smaller price fluctuations and is considered to be less risky than ABX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPRF.TO	ABX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	16.43%	-15.22%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	33.28%	-30.61%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	43.70%	-39.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.67%	34.34%	-24.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	35.83%	-20.42%

Dividends

TPRF.TO vs. ABX.TO - Dividend Comparison

TPRF.TO's dividend yield for the trailing twelve months is around 4.50%, more than ABX.TO's 2.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABX.TO Barrick Gold Corporation	2.18%	1.23%	2.45%	2.27%	3.64%	4.06%	1.42%	0.92%	1.36%	1.02%	0.59%	1.93%
TPRF.TO TD Active Preferred Share ETF	4.50%	4.36%	4.56%	5.74%	10.25%	8.28%	10.46%	9.90%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TPRF.TO and ABX.TO in my portfolio?

TPRF.TO and ABX.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.