XPF.TO vs. DXP.TO
XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) and DXP.TO (Dynamic Active Preferred Shares ETF) are both Preferred Stock/Convertible Bonds funds. XPF.TO is passively managed, while DXP.TO is actively managed. Over the past 5 years, XPF.TO returned 2.25%/yr vs 7.96%/yr for DXP.TO. At a 0.36 correlation, their price movements are largely independent. XPF.TO charges 0.50%/yr vs 0.64%/yr for DXP.TO.
Performance
XPF.TO vs. DXP.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XPF.TO achieves a 1.24% return, which is significantly lower than DXP.TO's 4.36% return.
XPF.TO
- 1D
- -0.64%
- 1M
- -0.83%
- YTD
- 1.24%
- 6M
- 1.01%
- 1Y
- 7.23%
- 3Y*
- 9.89%
- 5Y*
- 2.25%
- 10Y*
- 4.09%
DXP.TO
- 1D
- -0.08%
- 1M
- 0.03%
- YTD
- 4.36%
- 6M
- 4.61%
- 1Y
- 14.21%
- 3Y*
- 17.86%
- 5Y*
- 7.96%
- 10Y*
- —
XPF.TO vs. DXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 1.24% | 9.33% | 14.80% | 7.19% | -19.48% | 11.51% | 5.34% | 8.88% | -7.32% | 7.63% |
DXP.TO Dynamic Active Preferred Shares ETF | 4.36% | 17.64% | 25.73% | 8.22% | -16.46% | 27.89% | 5.67% | 3.94% | -9.58% | 11.73% |
Correlation
The correlation between XPF.TO and DXP.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 | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2017 | 0.36 |
The correlation between XPF.TO and DXP.TO shifts across timeframes, from 0.20 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XPF.TO vs. DXP.TO — Risk / Return Rank
XPF.TO
DXP.TO
XPF.TO vs. DXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) and Dynamic Active Preferred Shares ETF (DXP.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.
| XPF.TO | DXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.72 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 5.94 | -4.05 |
| Martin ratioReturn relative to average drawdown | 6.66 | 29.44 | -22.78 |
Loading charts...
Drawdowns
XPF.TO vs. DXP.TO - Drawdown Comparison
The maximum XPF.TO drawdown since its inception was -43.52%, which is greater than DXP.TO's maximum drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for XPF.TO and DXP.TO.
Loading charts...
Drawdown Indicators
| XPF.TO | DXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -40.72% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -2.40% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -8.30% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.67% | -20.11% | -4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | -0.11% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -6.61% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.48% | +0.61% |
Volatility
XPF.TO vs. DXP.TO - Volatility Comparison
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) has a higher volatility of 1.43% compared to Dynamic Active Preferred Shares ETF (DXP.TO) at 0.94%. This indicates that XPF.TO's price experiences larger fluctuations and is considered to be riskier than DXP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XPF.TO | DXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.94% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 2.55% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 4.02% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 9.28% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 12.21% | +2.23% |
XPF.TO vs. DXP.TO - Expense Ratio Comparison
XPF.TO has a 0.50% expense ratio, which is lower than DXP.TO's 0.64% expense ratio.
Dividends
XPF.TO vs. DXP.TO - Dividend Comparison
XPF.TO's dividend yield for the trailing twelve months is around 5.20%, more than DXP.TO's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXP.TO Dynamic Active Preferred Shares ETF | 4.41% | 4.52% | 5.05% | 5.31% | 4.58% | 3.67% | 4.51% | 4.53% | 4.50% | 3.36% | 0.00% | 0.00% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 5.20% | 5.08% | 5.21% | 5.74% | 5.46% | 4.30% | 4.95% | 5.12% | 4.94% | 4.59% | 5.14% | 5.11% |
Frequently Asked Questions
XPF.TO and DXP.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.
On fees, XPF.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XPF.TO is cheaper with a 0.50% expense ratio, compared with 0.64% for DXP.TO.
They also come from different issuers: iShares and Dynamic. Their fees differ too: 0.50% for XPF.TO and 0.64% for DXP.TO.
Find the right allocation for XPF.TO and DXP.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer