XPF.TO vs. HLPR.TO
XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) and HLPR.TO (Global X Laddered Canadian Preferred Share Index Corporate Class ETF) are both Preferred Stock/Convertible Bonds funds - XPF.TO tracks the S&P/TSX Preferred Share TR while HLPR.TO tracks the Solactive Laddered Canadian Preferred Share Index. Both are passively managed. Over the past 5 years, XPF.TO returned 2.58%/yr vs 7.17%/yr for HLPR.TO. At a 0.40 correlation, their price movements are largely independent. XPF.TO charges 0.50%/yr vs 0.30%/yr for HLPR.TO.
Performance
XPF.TO vs. HLPR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XPF.TO achieves a 2.67% return, which is significantly lower than HLPR.TO's 6.39% return.
XPF.TO
- 1D
- -0.31%
- 1M
- 0.75%
- YTD
- 2.67%
- 6M
- 3.54%
- 1Y
- 10.25%
- 3Y*
- 10.51%
- 5Y*
- 2.58%
- 10Y*
- 4.08%
HLPR.TO
- 1D
- -0.22%
- 1M
- 1.09%
- YTD
- 6.39%
- 6M
- 7.65%
- 1Y
- 19.36%
- 3Y*
- 19.73%
- 5Y*
- 7.17%
- 10Y*
- —
XPF.TO vs. HLPR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 2.67% | 9.33% | 14.80% | 7.19% | -19.48% | 11.51% | 5.34% | 5.21% |
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF | 6.39% | 18.79% | 28.13% | 2.89% | -17.83% | 23.17% | 6.42% | 0.80% |
Correlation
The correlation between XPF.TO and HLPR.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.40 |
The correlation between XPF.TO and HLPR.TO shifts across timeframes, from 0.26 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
XPF.TO vs. HLPR.TO - Sectors Allocation Comparison
Sectors
XPF.TO
HLPR.TO
Financial Services
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Technology
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Real Estate
Industrials
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Utilities
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Basic Materials
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Communication Services
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Healthcare
-
Consumer Defensive
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Consumer Cyclical
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Energy
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-
Financial Services
XPF.TO
HLPR.TO
-
Technology
XPF.TO
HLPR.TO
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Real Estate
XPF.TO
HLPR.TO
Industrials
XPF.TO
HLPR.TO
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Utilities
XPF.TO
HLPR.TO
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Basic Materials
XPF.TO
HLPR.TO
-
Communication Services
XPF.TO
HLPR.TO
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Healthcare
XPF.TO
HLPR.TO
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Consumer Defensive
XPF.TO
HLPR.TO
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Consumer Cyclical
XPF.TO
HLPR.TO
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Energy
XPF.TO
-
HLPR.TO
-
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Return for Risk
XPF.TO vs. HLPR.TO — Risk / Return Rank
XPF.TO
HLPR.TO
XPF.TO vs. HLPR.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 Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.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.
| XPF.TO | HLPR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.03 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 7.82 | -5.14 |
| Martin ratioReturn relative to average drawdown | 9.64 | 46.33 | -36.69 |
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
| XPF.TO | HLPR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 4.43 | -2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.87 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.65 | -0.35 |
Drawdowns
XPF.TO vs. HLPR.TO - Drawdown Comparison
The maximum XPF.TO drawdown since its inception was -43.52%, which is greater than HLPR.TO's maximum drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for XPF.TO and HLPR.TO.
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Drawdown Indicators
| XPF.TO | HLPR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -38.96% | -4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -2.49% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -10.09% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -24.67% | -26.79% | +2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -0.36% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -6.58% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.42% | +0.65% |
Volatility
XPF.TO vs. HLPR.TO - Volatility Comparison
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) has a higher volatility of 1.62% compared to Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) at 1.04%. This indicates that XPF.TO's price experiences larger fluctuations and is considered to be riskier than HLPR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPF.TO | HLPR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.04% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 2.71% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 4.39% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.52% | 8.32% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 13.08% | +1.37% |
XPF.TO vs. HLPR.TO - Expense Ratio Comparison
XPF.TO has a 0.50% expense ratio, which is higher than HLPR.TO's 0.30% expense ratio.
Dividends
XPF.TO vs. HLPR.TO - Dividend Comparison
XPF.TO's dividend yield for the trailing twelve months is around 5.13%, while HLPR.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLPR.TO Global X Laddered Canadian Preferred Share Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 5.13% | 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 HLPR.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HLPR.TO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HLPR.TO is cheaper with a 0.30% expense ratio, compared with 0.50% for XPF.TO.
XPF.TO tracks S&P/TSX Preferred Share TR, while HLPR.TO tracks Solactive Laddered Canadian Preferred Share Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.50% for XPF.TO and 0.30% for HLPR.TO.
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