VS
Compare iShares S&P/TSX Canadian Preferred Share Index ETF (CPD) vs BMO Laddered Preferred Share Index ETF (ZPR) to find the best fit for your portfolio. CPD and ZPR provide the same top sector exposures: Financials, Energy, and Utilities. When evaluating costs, CPD features a management fee (MER) of 0.45%, compared to 0.45% for ZPR. Performance-wise, CPD has returned 3.77% year-to-date with -$11 M in net flows, whereas ZPR is at 6.1% with -$10 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
ZPR
| AuM | $1,067.24 M | $1,564.40 M |
| Management Fees | 0.45% | 0.45% |
| Exp. ratio | 0.49% | 0.50% |
| Tracking Difference | -0.66% | -0.83% |
Historical performance and flows
As of June 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CPD | +0.57% | +3.03% | +3.77% | +13.92% | +55.15% |
ZPR | +0.57% | +4.35% | +6.10% | +18.37% | +69.62% | |
| Flows | CPD | -$1 M | -$13 M | -$11 M | +$2 M | -$188 M |
ZPR | -$0 M | +$7 M | -$10 M | +$8 M | -$419 M |
CPD vs ZPR exposure
Countries
CPD
Canada
97.67%
ZPR
Canada
98.29%
Sectors
CPD
Financials
38.58%
Energy
21.12%
Utilities
16.46%
Other
14.66%
Other
9.18%
ZPR
Financials
25.48%
Energy
23.97%
Utilities
17.66%
Other
17.59%
Communication Services
9.14%
As of June 8, 2026
Top 10 Holdings
CPD
FORTIS INC CUM RED FXD PRF M
1.74%
TC ENERGY CORP PRF
1.72%
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
1.23%
NATIONAL BANK OF CANADA
1.21%
BCE CUM RED FST SRS AK PRF
1.18%
TC ENERGY CORP CUM REDEEM 1ST SRS 1 PRF
1.18%
TC ENERGY CORP SRS 9 CUM RED FIR PRF
1.13%
PEMBINA PIPELINE CORP PRF
1.13%
ZPR
BCE CUM RED FST SRS AK PRF
2.53%
ENBRIDGE INC
1.88%
INTACT NON CUM RT RES CL A SRS 3 PRF
1.69%
CA11271J8831
1.68%
TC ENERGY CORP CUM RED FIRST SR 5 PRF
1.62%
NATIONAL BANK OF CANADA
1.62%
CA11271J6850
1.52%
POWER FI 4.40% NON CUM 5 YR SR P PRF
1.45%
FORTIS INC CUM RED FXD PRF M
1.43%
TORONTO-DOMINION BANK PRF
1.42%
Diversification
CPD
Total weight of top 10 holdings out of 150 total
13.32%
ZPR
Total weight of top 10 holdings out of 114 total
16.83%
Characteristics
Compare
CPD
ZPR
| Provider | iShares | BMO |
| 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 | Distributing |
| Trailing 12m distribution yield | 5.02% | 5.07% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2007 | November 14, 2012 |
Frequently asked questions about CPD and ZPR
Which ETF has performed better year to date: CPD or ZPR?
As of June 8, 2026, CPD has returned 3.77% year to date, while ZPR has returned 6.10%. ZPR is ahead on YTD performance.
Which ETF is larger by assets under management: CPD or ZPR?
As of June 8, 2026, CPD manages $1.07 B in assets, while ZPR manages $1.56 B. ZPR is the larger fund by AUM.
How are CPD and ZPR managed?
CPD is passively managed by iShares. It tracks the S&P/TSX Preferred Share Total Return Index - CAD benchmark. ZPR is passively managed by BMO. It tracks the Solactive Laddered Canadian Preferred Share Total Return Index - CAD benchmark.
What sectors do CPD and ZPR emphasize?
CPD is most exposed to Financials, Energy, and Utilities. ZPR is most exposed to Financials, Energy, and Utilities.
Which ETF is attracting more investor flows: CPD or ZPR?
Year to date, CPD has seen -$11.12 M in net flows, compared with -$9.67 M for ZPR. ZPR has attracted more net investor money so far.
How do the fees of CPD and ZPR compare?
CPD has an expense ratio of 0.49%, while ZPR has an expense ratio of 0.50%.
What are the top holdings of CPD and ZPR?
CPD's largest holdings include TC ENERGY CORP PRF and TORONTO-DOMINION BANK PRF. ZPR's top holdings include BROOKFIELD OFFICE PROPERTIES INC PRF and TC ENERGY CORP PRF.
Which ETF is more diversified: CPD or ZPR?
CPD holds 122 securities, while ZPR holds 94. On holdings count, CPD is the more diversified portfolio.
Recent articles about CPD and ZPR
Hybrid Play – Preferred Share ETFs
There is more than just stocks and bonds for investors – we explore a hybrid between the two, preferred shares.
Posted on 1/25/2023 by ETF Market Canada inETFs
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.