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

XPF.TO vs. SPLT.TO

Last updated Jun 4, 2026

XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) and SPLT.TO (Brompton Split Corp. Preferred Share ETF) are both Preferred Stock/Convertible Bonds funds. XPF.TO is passively managed, while SPLT.TO is actively managed. Over the past year, XPF.TO returned 10.25% vs 5.81% for SPLT.TO. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

XPF.TO vs. SPLT.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 Brompton Split Corp. Preferred Share ETF (SPLT.TO). The values are adjusted to include any dividend payments, if applicable.

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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 SPLT.TO's 2.84% 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%

SPLT.TO

1D
-0.09%
1M
1.89%
YTD
2.84%
6M
3.64%
1Y
5.81%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023
XPF.TO
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)		2.67%9.33%14.80%3.97%
SPLT.TO
Brompton Split Corp. Preferred Share ETF		2.84%5.80%14.11%5.46%

Correlation

The correlation between XPF.TO and SPLT.TO is 0.05, 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

0.05

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2023

0.16

The correlation between XPF.TO and SPLT.TO shifts across timeframes, from 0.05 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

XPF.TO vs. SPLT.TO - Sectors Allocation Comparison

Sectors
XPF.TO
SPLT.TO

Financial Services

31.6%
100.0%

Technology

6.7%

-

Real Estate

5.9%

-

Industrials

3.6%

-

Utilities

1.5%

-

Basic Materials

1.2%

-

Communication Services

1.2%

-

Healthcare

0.4%

-

Consumer Defensive

0.3%

-

Consumer Cyclical

0.1%

-

Energy

-

-

Financial Services

XPF.TO
31.6%
SPLT.TO
100.0%

Technology

XPF.TO
6.7%
SPLT.TO

-

Real Estate

XPF.TO
5.9%
SPLT.TO

-

Industrials

XPF.TO
3.6%
SPLT.TO

-

Utilities

XPF.TO
1.5%
SPLT.TO

-

Basic Materials

XPF.TO
1.2%
SPLT.TO

-

Communication Services

XPF.TO
1.2%
SPLT.TO

-

Healthcare

XPF.TO
0.4%
SPLT.TO

-

Consumer Defensive

XPF.TO
0.3%
SPLT.TO

-

Consumer Cyclical

XPF.TO
0.1%
SPLT.TO

-

Energy

XPF.TO

-

SPLT.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

Brompton Split Corp. Preferred Share ETF

Often compared with XPF.TO:
XPF.TO vs. CPD.TOXPF.TO vs. VEQT.TOXPF.TO vs. VCRXPF.TO vs. VDY.TOXPF.TO vs. TPRF.TOXPF.TO vs. RPF.TOXPF.TO vs. HLPR.TO
Often compared with SPLT.TO:
SPLT.TO vs. ZPR.TOSPLT.TO vs. CLSA.TOSPLT.TO vs. HLPR.TOSPLT.TO vs. BMAX.TOSPLT.TO vs. HBIL.TOSPLT.TO vs. ZCS.TOSPLT.TO vs. TPRF.TO

Return for Risk

XPF.TO vs. SPLT.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: 5656
Overall Rank
XPF.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
XPF.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
XPF.TO Omega Ratio Rank: 5858
Omega Ratio Rank
XPF.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
XPF.TO Martin Ratio Rank: 5656
Martin Ratio Rank
SPLT.TO
SPLT.TO Risk / Return Rank: 5454
Overall Rank
SPLT.TO Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
SPLT.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
SPLT.TO Omega Ratio Rank: 5555
Omega Ratio Rank
SPLT.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
SPLT.TO Martin Ratio Rank: 5151
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. SPLT.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 Brompton Split Corp. Preferred Share ETF (SPLT.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.TOSPLT.TODifference
Sharpe ratioReturn per unit of total volatility
1.89
1.74

+0.15

Sortino ratioReturn per unit of downside risk
2.70
2.51

+0.20

Omega ratioGain probability vs. loss probability

1.36

1.34

+0.02

Calmar ratioReturn relative to maximum drawdown

2.68

3.21

-0.53

Martin ratioReturn relative to average drawdown

9.64

8.60

+1.04

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. SPLT.TO - Sharpe Ratio Comparison

The current XPF.TO Sharpe Ratio is 1.89, which is comparable to the SPLT.TO Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of XPF.TO and SPLT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XPF.TOSPLT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.89

1.74

+0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

—

—

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

2.05

-1.75

Drawdowns

XPF.TO vs. SPLT.TO - Drawdown Comparison

The maximum XPF.TO drawdown since its inception was -43.52%, which is greater than SPLT.TO's maximum drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for XPF.TO and SPLT.TO.

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Drawdown Indicators

XPF.TOSPLT.TODifference

Max Drawdown

Largest peak-to-trough decline

-43.52%

-5.36%

-38.16%

Max Drawdown (1Y)

Largest decline over 1 year

-3.84%

-1.82%

-2.02%

Max Drawdown (3Y)

Largest decline over 3 years

-7.54%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-24.67%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-43.52%

—

—

Current Drawdown

Current decline from peak

-0.38%

-0.14%

-0.24%

Average Drawdown

Average peak-to-trough decline

-4.78%

-0.51%

-4.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.07%

0.68%

+0.39%

Volatility

XPF.TO vs. SPLT.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 Brompton Split Corp. Preferred Share ETF (SPLT.TO) at 0.74%. This indicates that XPF.TO's price experiences larger fluctuations and is considered to be riskier than SPLT.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.TOSPLT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.62%

0.74%

+0.88%

Volatility (6M)

Calculated over the trailing 6-month period

4.25%

2.25%

+2.00%

Volatility (1Y)

Calculated over the trailing 1-year period

5.44%

3.36%

+2.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.52%

4.67%

+3.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.45%

4.67%

+9.78%

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

Both XPF.TO and SPLT.TO have an expense ratio of 0.50%.

Dividends

XPF.TO vs. SPLT.TO - Dividend Comparison

XPF.TO's dividend yield for the trailing twelve months is around 5.13%, less than SPLT.TO's 5.99% yield.

PositionTTM20252024202320222021202020192018201720162015
SPLT.TO
Brompton Split Corp. Preferred Share ETF		5.99%6.01%5.99%3.54%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 SPLT.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XPF.TO and SPLT.TO have the same expense ratio: 0.50% per year.

They also come from different issuers: iShares and Brompton Funds.

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