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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: Finance, 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 6.76% year-to-date with +$40 M in net flows, whereas ZPR is at 9.84% with +$65 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 | $1,135.51 M | $1,673.63 M |
| Management Fees | 0.45% | 0.45% |
| Exp. ratio | 0.50% | 0.50% |
| Tracking Difference | -0.60% | -0.52% |
Historical performance and flows
As of September 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CPD | +0.45% | +2.88% | +6.76% | +11.37% | +65.51% |
ZPR | +1.08% | +3.63% | +9.84% | +15.97% | +81.19% | |
| Flows | CPD | +$10 M | +$51 M | +$40 M | +$17 M | -$140 M |
ZPR | +$38 M | +$75 M | +$65 M | +$108 M | -$454 M |
CPD vs ZPR exposure
Countries
CPD
Canada
96.86%
ZPR
Canada
97.80%
Sectors
CPD
Finance
54.44%
Energy
21.84%
Utilities
14.35%
Other
9.37%
ZPR
Finance
48.04%
Energy
24.83%
Utilities
16.20%
Telecommunications
9.81%
As of September 8, 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%
ZPR
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%
ZPR
Total weight of top 10 holdings out of 112 total
16.68%
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% | 5.12% |
| 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 September 8, 2026, CPD has returned 6.76% year to date, while ZPR has returned 9.84%. ZPR is ahead on YTD performance.
Which ETF is larger by assets under management: CPD or ZPR?
As of September 8, 2026, CPD manages $1.14 B in assets, while ZPR manages $1.67 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 Finance, Energy, and Utilities. ZPR is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: CPD or ZPR?
Year to date, CPD has seen +$40.19 M in net flows, compared with +$64.95 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 0.50%, while ZPR has an expense ratio of 0.50%.
What are the top holdings of CPD and ZPR?
CPD's largest holdings include Enbridge, Inc., Brookfield Corp., and Great-West Lifeco, Inc.. ZPR's top holdings include Enbridge, Inc., Brookfield Corp., and BCE, Inc..
Which ETF is more diversified: CPD or ZPR?
CPD holds 29 securities, while ZPR holds 30. On holdings count, ZPR is the more diversified portfolio.
Recent articles about CPD and ZPR
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