XPF.TO vs. HYBR.TO
XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) and HYBR.TO (Global X Active Hybrid Bond and Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. XPF.TO is passively managed, while HYBR.TO is actively managed. Over the past 10 years, XPF.TO returned 4.08%/yr vs 8.34%/yr for HYBR.TO. At a 0.28 correlation, their price movements are largely independent. XPF.TO charges 0.50%/yr vs 0.65%/yr for HYBR.TO.
Performance
XPF.TO vs. HYBR.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 HYBR.TO's 5.61% return. Over the past 10 years, XPF.TO has underperformed HYBR.TO with an annualized return of 4.08%, while HYBR.TO has yielded a comparatively higher 8.34% annualized 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%
HYBR.TO
- 1D
- 0.09%
- 1M
- 1.31%
- YTD
- 5.61%
- 6M
- 7.51%
- 1Y
- 19.46%
- 3Y*
- 20.24%
- 5Y*
- 7.94%
- 10Y*
- 8.34%
XPF.TO vs. HYBR.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) | 2.67% | 9.33% | 14.80% | 7.19% | -19.48% | 11.51% | 5.34% | 8.88% | -7.32% | 10.03% |
HYBR.TO Global X Active Hybrid Bond and Preferred Share ETF | 5.61% | 17.73% | 27.83% | 6.98% | -15.95% | 26.17% | 5.51% | 0.63% | -10.44% | 17.19% |
Correlation
The correlation between XPF.TO and HYBR.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2013 | 0.28 |
The correlation between XPF.TO and HYBR.TO shifts across timeframes, from 0.11 (1 year) to 0.29 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XPF.TO vs. HYBR.TO — Risk / Return Rank
XPF.TO
HYBR.TO
XPF.TO vs. HYBR.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 Hybrid Bond and Preferred Share ETF (HYBR.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 | HYBR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.56 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 10.41 | -7.73 |
| Martin ratioReturn relative to average drawdown | 9.64 | 42.36 | -32.72 |
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 | HYBR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.89 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.76 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.61 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.40 | -0.11 |
Drawdowns
XPF.TO vs. HYBR.TO - Drawdown Comparison
The maximum XPF.TO drawdown since its inception was -43.52%, smaller than the maximum HYBR.TO drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for XPF.TO and HYBR.TO.
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Drawdown Indicators
| XPF.TO | HYBR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -46.65% | +3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -1.88% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -7.27% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.67% | -22.06% | -2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | -46.65% | +3.13% |
Current DrawdownCurrent decline from peak | -0.38% | -0.21% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -8.01% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.46% | +0.61% |
Volatility
XPF.TO vs. HYBR.TO - Volatility Comparison
The current volatility for iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) is 1.62%, while Global X Active Hybrid Bond and Preferred Share ETF (HYBR.TO) has a volatility of 2.09%. This indicates that XPF.TO experiences smaller price fluctuations and is considered to be less risky than HYBR.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 | HYBR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 2.09% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 4.51% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 6.77% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.52% | 10.49% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 13.83% | +0.62% |
XPF.TO vs. HYBR.TO - Expense Ratio Comparison
XPF.TO has a 0.50% expense ratio, which is lower than HYBR.TO's 0.65% expense ratio.
Dividends
XPF.TO vs. HYBR.TO - Dividend Comparison
XPF.TO's dividend yield for the trailing twelve months is around 5.13%, more than HYBR.TO's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBR.TO Global X Active Hybrid Bond and Preferred Share ETF | 4.54% | 4.31% | 4.24% | 5.28% | 5.56% | 3.94% | 5.14% | 4.78% | 4.26% | 3.70% | 4.28% | 4.34% |
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 HYBR.TO have a correlation of 0.11, 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 0.65% for HYBR.TO.
They also come from different issuers: iShares and Global X. Their fees differ too: 0.50% for XPF.TO and 0.65% for HYBR.TO.
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