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XPF.TO vs. HPR.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XPF.TO vs. HPR.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) and Global X Active Preferred Share ETF (HPR.TO).

XPF.TO and HPR.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XPF.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Preferred Share TR. It was launched on Nov 16, 2010. HPR.TO is an actively managed fund by Global X. It was launched on Nov 22, 2010.

Performance

XPF.TO vs. HPR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) and Global X Active Preferred Share ETF (HPR.TO). The values are adjusted to include any dividend payments, if applicable.

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XPF.TO vs. HPR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XPF.TO
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)		-1.88%9.33%14.80%7.19%-19.48%11.51%5.34%8.88%-7.32%10.03%
HPR.TO
Global X Active Preferred Share ETF		-0.16%17.78%27.79%8.31%-19.54%24.30%6.35%2.43%-10.17%15.69%

Returns By Period

In the year-to-date period, XPF.TO achieves a -1.88% return, which is significantly lower than HPR.TO's -0.16% return. Over the past 10 years, XPF.TO has underperformed HPR.TO with an annualized return of 3.97%, while HPR.TO has yielded a comparatively higher 7.70% annualized return.

XPF.TO

1D
0.07%
1M
-2.59%
YTD
-1.88%
6M
-0.29%
1Y
6.86%
3Y*
8.44%
5Y*
2.51%
10Y*
3.97%

HPR.TO

1D
0.00%
1M
-1.62%
YTD
-0.16%
6M
4.38%
1Y
15.05%
3Y*
16.72%
5Y*
7.97%
10Y*
7.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)

Global X Active Preferred Share ETF

Often compared with XPF.TO:
XPF.TO vs. CPD.TOXPF.TO vs. VCRXPF.TO vs. VEQT.TOXPF.TO vs. VDY.TOXPF.TO vs. RPF.TOXPF.TO vs. ZIU.TOXPF.TO vs. TPRF.TO
Often compared with HPR.TO:
HPR.TO vs. TPRF.TOHPR.TO vs. TINF.TOHPR.TO vs. ZPR.TOHPR.TO vs. HLPR.TOHPR.TO vs. RPF.TOHPR.TO vs. CPD.TOHPR.TO vs. CBIL.TO

XPF.TO vs. HPR.TO - Expense Ratio Comparison

XPF.TO has a 0.50% expense ratio, which is lower than HPR.TO's 0.64% expense ratio.

HPR.TO
Global X Active Preferred Share ETF
XPF.TO
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)

Return for Risk

XPF.TO vs. HPR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XPF.TO
XPF.TO Risk / Return Rank: 4949
Overall Rank
XPF.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
XPF.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
XPF.TO Omega Ratio Rank: 5151
Omega Ratio Rank
XPF.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
XPF.TO Martin Ratio Rank: 4545
Martin Ratio Rank
HPR.TO
HPR.TO Risk / Return Rank: 8888
Overall Rank
HPR.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
HPR.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
HPR.TO Omega Ratio Rank: 9696
Omega Ratio Rank
HPR.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
HPR.TO Martin Ratio Rank: 8686
Martin Ratio Rank
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.

XPF.TO vs. HPR.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 Active Preferred Share ETF (HPR.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.TOHPR.TODifference

Sharpe ratio

Return per unit of total volatility

0.99

2.13

-1.14

Sortino ratio

Return per unit of downside risk

1.30

2.63

-1.34

Omega ratio

Gain probability vs. loss probability

1.19

1.54

-0.35

Calmar ratio

Return relative to maximum drawdown

1.12

2.03

-0.90

Martin ratio

Return relative to average drawdown

4.29

10.44

-6.15

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XPF.TO vs. HPR.TO - Sharpe Ratio Comparison

The current XPF.TO Sharpe Ratio is 0.99, which is lower than the HPR.TO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of XPF.TO and HPR.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XPF.TOHPR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.99

2.13

-1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

0.95

-0.65

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

0.65

-0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

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Correlation

The correlation between XPF.TO and HPR.TO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XPF.TO vs. HPR.TO - Dividend Comparison

XPF.TO's dividend yield for the trailing twelve months is around 5.28%, more than HPR.TO's 4.78% yield.

TTM20252024202320222021202020192018201720162015
XPF.TO
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)		5.28%5.08%5.21%5.74%5.46%4.30%4.95%5.12%4.94%4.59%5.14%5.11%
HPR.TO
Global X Active Preferred Share ETF		4.78%4.34%4.28%5.56%5.96%4.01%5.12%4.88%4.40%3.89%4.34%4.61%

Drawdowns

XPF.TO vs. HPR.TO - Drawdown Comparison

The maximum XPF.TO drawdown since its inception was -43.52%, smaller than the maximum HPR.TO drawdown of -36,103.74%. Use the drawdown chart below to compare losses from any high point for XPF.TO and HPR.TO.

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Drawdown Indicators

XPF.TOHPR.TODifference

Max Drawdown

Largest peak-to-trough decline

-43.52%

-36,103.74%

+36,060.22%

Max Drawdown (1Y)

Largest decline over 1 year

-5.49%

-7.42%

+1.93%

Max Drawdown (5Y)

Largest decline over 5 years

-24.67%

-22.88%

-1.79%

Max Drawdown (10Y)

Largest decline over 10 years

-43.52%

-45.01%

+1.49%

Current Drawdown

Current decline from peak

-3.59%

-35,521.93%

+35,518.34%

Average Drawdown

Average peak-to-trough decline

-4.82%

-21,811.39%

+21,806.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.44%

1.44%

0.00%

Volatility

XPF.TO vs. HPR.TO - Volatility Comparison

iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) has a higher volatility of 1.97% compared to Global X Active Preferred Share ETF (HPR.TO) at 1.30%. This indicates that XPF.TO's price experiences larger fluctuations and is considered to be riskier than HPR.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.TOHPR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.97%

1.30%

+0.67%

Volatility (6M)

Calculated over the trailing 6-month period

4.16%

3.11%

+1.05%

Volatility (1Y)

Calculated over the trailing 1-year period

6.64%

7.10%

-0.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.50%

8.45%

+0.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.43%

11.83%

+2.60%