VS
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD) and Global X Active Preferred Share ETF (HPR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CPD focuses its top 3 sector exposures on Financials, Energy, and Utilities, while HPR leans towards Financials, Energy, and Utilities. When evaluating costs, CPD features a management fee (MER) of 0.45%, compared to 0.62% for HPR. Performance-wise, CPD has returned 2.73% year-to-date with -$8 M in net flows, whereas HPR is at 3.38% with -$18 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
HPR
| AuM | $1,063.96 M | $930.56 M |
| Management Fees | 0.45% | 0.62% |
| Exp. ratio | 0.49% | 0.65% |
| Tracking Difference | -0.70% | - |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CPD | +2.47% | +2.54% | +2.73% | +18.50% | +51.56% |
HPR | +2.67% | +2.80% | +3.38% | +21.89% | +55.50% | |
| Flows | CPD | -$12 M | -$10 M | -$8 M | +$15 M | -$187 M |
HPR | +$1 M | -$10 M | -$18 M | -$92 M | -$498 M |
CPD vs HPR exposure
Countries
CPD
Canada
97.62%
HPR
Canada
97.69%
Sectors
CPD
Financials
38.67%
Energy
20.97%
Utilities
16.55%
Other
14.91%
Other
8.89%
HPR
Financials
26.24%
Energy
19.15%
Other
15.48%
Utilities
14.07%
Communication Services
9.82%
Banks
8.38%
As of May 1, 2026
Top 10 Holdings
CPD
FORTIS INC CUM RED FXD PRF M
1.70%
TC ENERGY CORP PRF
1.67%
TORONTO DOMINION BANK NON CUM 5 YEAR RATE RESET FIRST PREF SHS CLASS A SERIES 1
1.48%
CANADIAN IMPERIAL BANK OF COMMERCE PRF
1.34%
BANK OF MONTREAL PRF
1.24%
NATIONAL BANK OF CANADA
1.23%
BCE CUM RED FST SRS AK PRF
1.13%
TC ENERGY CORP CUM REDEEM 1ST SRS 1 PRF
1.13%
PEMBINA PIPELINE CORP PRF
1.12%
TC ENERGY CORP SRS 9 CUM RED FIR PRF
1.11%
HPR
ENBRIDGE SRS 3 CUM RED PRF
2.88%
BROOKFIELD REN PWR EQY CL A SR 1 PRF
2.31%
ENBRIDGE INC 4.40% CUM RDM PFD SER 13
2.19%
GREAT WEST LIFECO 1ST 4.8 SR H PRF
2.14%
BCE SR AI PRF
2.13%
BCE CUMULATIVE REDEEMABLE FIRST PREF ORD SHS SERIES AM
2.01%
Royal Bank of Canada, 6.698% perp., CAD (BW)
1.85%
TC ENERGY CORP SRS 9 CUM RED FIR PRF
1.85%
FORTIS INC CUM RED FXD PRF M
1.82%
ENBRIDGE INC
1.80%
Diversification
CPD
Total weight of top 10 holdings out of 153 total
13.14%
HPR
Total weight of top 10 holdings out of 159 total
20.98%
Characteristics
Compare
CPD
HPR
| Provider | iShares | Global X |
| Management | Passively managed | Actively managed |
| Benchmark | S&P/TSX Preferred Share Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.03% | 4.71% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2007 | November 22, 2010 |
Frequently asked questions about CPD and HPR
Which ETF has performed better year to date: CPD or HPR?
As of May 1, 2026, CPD has returned 2.73% year to date, while HPR has returned 3.38%. HPR is ahead on YTD performance.
Which ETF is larger by assets under management: CPD or HPR?
As of May 1, 2026, CPD manages $1.06 B in assets, while HPR manages $930.56 M. CPD is the larger fund by AUM.
How are CPD and HPR managed?
CPD is passively managed by iShares. It tracks the S&P/TSX Preferred Share Total Return Index - CAD benchmark. HPR is actively managed by Global X. It does not track an index.
What sectors do CPD and HPR emphasize?
CPD is most exposed to Financials, Energy, and Utilities. HPR is most exposed to Financials, Energy, and Utilities.
Which ETF is attracting more investor flows: CPD or HPR?
Year to date, CPD has seen -$8.30 M in net flows, compared with -$18.20 M for HPR. CPD has attracted more net investor money so far.
How do the fees of CPD and HPR compare?
CPD has an expense ratio of 0.49%, while HPR has an expense ratio of 0.65%.
What are the top holdings of CPD and HPR?
CPD's largest holdings include TC ENERGY CORP PRF and TORONTO-DOMINION BANK PRF. HPR's top holdings include ENBRIDGE SRS 3 CUM RED PRF and BROOKFIELD REN PWR EQY CL A SR 1 PRF.
Which ETF is more diversified: CPD or HPR?
CPD holds 125 securities, while HPR holds 131. On holdings count, HPR is the more diversified portfolio.
Recent articles about CPD and HPR
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