TPRF.TO vs. XEI.TO
TPRF.TO (TD Active Preferred Share ETF) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both exchange-traded funds - TPRF.TO is a Preferred Stock/Convertible Bonds fund actively managed by TD, while XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. TPRF.TO is actively managed, while XEI.TO is passively managed. Over the past 5 years, TPRF.TO returned 10.05%/yr vs 15.55%/yr for XEI.TO. At a 0.34 correlation, their price movements are largely independent. TPRF.TO charges 0.50%/yr vs 0.22%/yr for XEI.TO.
Performance
TPRF.TO vs. XEI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TPRF.TO achieves a 5.07% return, which is significantly lower than XEI.TO's 22.21% 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*
- —
XEI.TO
- 1D
- 0.00%
- 1M
- 3.33%
- YTD
- 22.21%
- 6M
- 23.56%
- 1Y
- 43.59%
- 3Y*
- 22.26%
- 5Y*
- 15.55%
- 10Y*
- 12.32%
TPRF.TO vs. XEI.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% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 22.21% | 25.96% | 15.42% | 6.69% | 0.41% | 35.88% | -7.53% | 25.44% | -6.01% |
Correlation
The correlation between TPRF.TO and XEI.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
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 Nov 15, 2018 | 0.34 |
Over the past year, the correlation between TPRF.TO and XEI.TO has dropped to 0.10 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
TPRF.TO vs. XEI.TO - Sectors Allocation Comparison
Sectors
TPRF.TO
XEI.TO
Financial Services
Industrials
Consumer Defensive
Energy
Basic Materials
Communication Services
-
Consumer Cyclical
-
Healthcare
-
Real Estate
-
Technology
-
Utilities
-
Financial Services
TPRF.TO
XEI.TO
Industrials
TPRF.TO
XEI.TO
Consumer Defensive
TPRF.TO
XEI.TO
Energy
TPRF.TO
XEI.TO
Basic Materials
TPRF.TO
XEI.TO
Communication Services
TPRF.TO
-
XEI.TO
Consumer Cyclical
TPRF.TO
-
XEI.TO
Healthcare
TPRF.TO
-
XEI.TO
Real Estate
TPRF.TO
-
XEI.TO
Technology
TPRF.TO
-
XEI.TO
Utilities
TPRF.TO
-
XEI.TO
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Return for Risk
TPRF.TO vs. XEI.TO — Risk / Return Rank
TPRF.TO
XEI.TO
TPRF.TO vs. XEI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active Preferred Share ETF (TPRF.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.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 | XEI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 2.27 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 7.07 | 19.53 | -12.46 |
| Martin ratioReturn relative to average drawdown | 39.29 | 66.28 | -26.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TPRF.TO | XEI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.25 | 6.08 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 1.39 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.67 | +0.11 |
Drawdowns
TPRF.TO vs. XEI.TO - Drawdown Comparison
The maximum TPRF.TO drawdown since its inception was -43.12%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for TPRF.TO and XEI.TO.
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Drawdown Indicators
| TPRF.TO | XEI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -45.51% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.24% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -8.39% | -9.92% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -20.45% | -17.32% | -3.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.51% | — |
Current DrawdownCurrent decline from peak | -0.38% | -0.76% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -5.05% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.66% | -0.21% |
Volatility
TPRF.TO vs. XEI.TO - Volatility Comparison
The current volatility for TD Active Preferred Share ETF (TPRF.TO) is 1.21%, while iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) has a volatility of 2.87%. This indicates that TPRF.TO experiences smaller price fluctuations and is considered to be less risky than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPRF.TO | XEI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 2.87% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 6.01% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 7.21% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.67% | 11.24% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 16.01% | -0.60% |
TPRF.TO vs. XEI.TO - Expense Ratio Comparison
TPRF.TO has a 0.50% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.
Dividends
TPRF.TO vs. XEI.TO - Dividend Comparison
TPRF.TO's dividend yield for the trailing twelve months is around 4.50%, more than XEI.TO's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.56% | 4.39% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% |
Frequently Asked Questions
TPRF.TO and XEI.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEI.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEI.TO is cheaper with a 0.22% expense ratio, compared with 0.50% for TPRF.TO.
TPRF.TO is categorized as Preferred Stock/Convertible Bonds, while XEI.TO is Canada Equities. They also come from different issuers: TD and iShares. Their fees differ too: 0.50% for TPRF.TO and 0.22% for XEI.TO.
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