XPF.TO vs. PR.TO
XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) and PR.TO (Lysander-Slater Preferred Share ActivETF) are both Preferred Stock/Convertible Bonds funds. XPF.TO is passively managed, while PR.TO is actively managed. Over the past 10 years, XPF.TO returned 3.86%/yr vs 6.00%/yr for PR.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
XPF.TO vs. PR.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XPF.TO achieves a 1.55% return, which is significantly lower than PR.TO's 3.18% return. Over the past 10 years, XPF.TO has underperformed PR.TO with an annualized return of 3.86%, while PR.TO has yielded a comparatively higher 6.00% annualized return.
XPF.TO
- 1D
- -0.45%
- 1M
- -0.90%
- 6M
- 0.16%
- YTD
- 1.55%
- 1Y
- 5.32%
- 3Y*
- 10.06%
- 5Y*
- 2.28%
- 10Y*
- 3.86%
PR.TO
- 1D
- -0.29%
- 1M
- 0.70%
- 6M
- 3.08%
- YTD
- 3.18%
- 1Y
- 8.21%
- 3Y*
- 14.75%
- 5Y*
- 5.34%
- 10Y*
- 6.00%
XPF.TO vs. PR.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) | 1.55% | 9.33% | 14.80% | 7.19% | -19.48% | 11.51% | 5.34% | 8.88% | -7.32% | 10.03% |
PR.TO Lysander-Slater Preferred Share ActivETF | 3.18% | 11.10% | 24.22% | 7.90% | -18.17% | 28.22% | -0.17% | 1.64% | -10.79% | 12.24% |
Correlation
The correlation between XPF.TO and PR.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2015 | 0.30 |
Over the past year, the correlation between XPF.TO and PR.TO has dropped to 0.04 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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. PR.TO — Risk / Return Rank
XPF.TO
PR.TO
XPF.TO vs. PR.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 Lysander-Slater Preferred Share ActivETF (PR.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 | PR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.43 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 5.72 | -4.33 |
| Martin ratioReturn relative to average drawdown | 4.63 | 20.78 | -16.16 |
Loading charts...
Drawdowns
XPF.TO vs. PR.TO - Drawdown Comparison
The maximum XPF.TO drawdown since its inception was -43.52%, roughly equal to the maximum PR.TO drawdown of -45.17%. Use the drawdown chart below to compare losses from any high point for XPF.TO and PR.TO.
Loading charts...
Drawdown Indicators
| XPF.TO | PR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -45.17% | +1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -1.44% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -4.62% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.67% | -21.39% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | -45.17% | +1.65% |
Current DrawdownCurrent decline from peak | -1.46% | -0.29% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -7.18% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.40% | +0.75% |
Volatility
XPF.TO vs. PR.TO - Volatility Comparison
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) has a higher volatility of 2.11% compared to Lysander-Slater Preferred Share ActivETF (PR.TO) at 0.84%. This indicates that XPF.TO's price experiences larger fluctuations and is considered to be riskier than PR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XPF.TO | PR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 0.84% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 2.69% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 3.85% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.57% | 8.57% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 11.52% | +2.87% |
Dividends
XPF.TO vs. PR.TO - Dividend Comparison
XPF.TO's dividend yield for the trailing twelve months is around 5.23%, more than PR.TO's 5.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PR.TO Lysander-Slater Preferred Share ActivETF | 5.01% | 4.85% | 4.49% | 4.80% | 4.71% | 3.85% | 4.79% | 4.69% | 4.97% | 6.73% | 3.68% | 1.17% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 5.23% | 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 PR.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and Lysander.
Find the right allocation for XPF.TO and PR.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