VS
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD) and Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CPD focuses its top 3 sector exposures on Finance, Energy, and Utilities, while HLPR leans towards Finance, Energy, and Utilities. When evaluating costs, CPD features a management fee (MER) of 0.45%, compared to 0.33% for HLPR. Performance-wise, CPD has returned 6.91% year-to-date with +$39 M in net flows, whereas HLPR is at 9.88% with -$1 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CPD
HLPR
| AuM | $1,135.70 M | $121.56 M |
| Management Fees | 0.45% | 0.33% |
| Exp. ratio | 0.49% | 0.33% |
| Tracking Difference | -0.60% | -0.61% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CPD | +0.55% | +2.81% | +6.91% | +11.66% | +64.91% |
HLPR | +1.09% | +3.29% | +9.88% | +16.36% | +79.95% | |
| Flows | CPD | +$7 M | +$53 M | +$39 M | +$17 M | -$142 M |
HLPR | +$0 M | -$2 M | -$1 M | -$3 M | -$16 M |
CPD vs HLPR exposure
Countries
CPD
Canada
96.29%
HLPR
Canada
97.80%
Sectors
CPD
Finance
53.87%
Energy
21.84%
Utilities
13.76%
Other
10.53%
HLPR
Finance
48.04%
Energy
24.83%
Utilities
15.72%
Telecommunications
9.81%
As of September 2, 2026
Top 10 Holdings
CPD
TC Energy Corp.
1.73%
Fortis, Inc.
1.72%
The Toronto-Dominion Bank
1.43%
Canadian Imperial Bank of Commerce
1.30%
Bank of Montreal
1.21%
TC Energy Corp.
1.19%
National Bank of Canada
1.18%
BCE, Inc.
1.17%
TC Energy Corp.
1.17%
Pembina Pipeline Corp.
1.12%
HLPR
BCE, Inc.
2.55%
Enbridge, Inc.
1.89%
TC Energy Corp.
1.77%
National Bank of Canada
1.58%
Brookfield Corp.
1.56%
Brookfield Corp.
1.49%
Power Financial Corp.
1.48%
Intact Financial Corp.
1.47%
Brookfield Office Properties, Inc.
1.46%
Fortis, Inc.
1.45%
Diversification
CPD
Total weight of top 10 holdings out of 149 total
13.21%
HLPR
Total weight of top 10 holdings out of 112 total
16.68%
Characteristics
Compare
CPD
HLPR
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Preferred Share Total Return Index - CAD | Solactive Laddered Canadian Preferred Share Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Capitalization |
| Trailing 12m distribution yield | 5.01% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2007 | February 27, 2019 |
Frequently asked questions about CPD and HLPR
Which ETF has performed better year to date: CPD or HLPR?
As of September 2, 2026, CPD has returned 6.91% year to date, while HLPR has returned 9.88%. HLPR is ahead on YTD performance.
Which ETF is larger by assets under management: CPD or HLPR?
As of September 2, 2026, CPD manages $1.14 B in assets, while HLPR manages $121.56 M. CPD is the larger fund by AUM.
How are CPD and HLPR managed?
CPD is passively managed by iShares. It tracks the S&P/TSX Preferred Share Total Return Index - CAD benchmark. HLPR is passively managed by Global X. It tracks the Solactive Laddered Canadian Preferred Share Total Return Index - CAD benchmark.
What sectors do CPD and HLPR emphasize?
CPD is most exposed to Finance, Energy, and Utilities. HLPR is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: CPD or HLPR?
Year to date, CPD has seen +$38.77 M in net flows, compared with -$1.40 M for HLPR. CPD has attracted more net investor money so far.
How do the fees of CPD and HLPR compare?
CPD has an expense ratio of 0.49%, while HLPR has an expense ratio of 0.33%.
What are the top holdings of CPD and HLPR?
CPD's largest holdings include Enbridge, Inc., Brookfield Corp., and Manulife Financial Corp.. HLPR's top holdings include Enbridge, Inc., Brookfield Corp., and BCE, Inc..
Which ETF is more diversified: CPD or HLPR?
CPD holds 30 securities, while HLPR holds 31. On holdings count, HLPR is the more diversified portfolio.
Recent articles about CPD and HLPR
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.