VS
Compare iShares S&P/TSX Canadian Preferred Share Index ETF (CPD) vs BMO Laddered Preferred Share Index ETF (ZPR.U) to find the best fit for your portfolio. CPD and ZPR.U 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.U. Performance-wise, CPD has returned 4.37% year-to-date with +$33 M in net flows, whereas ZPR.U is at 5.52% 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
ZPR.U
| AuM | $1,093.96 M | $30.15 M |
| Management Fees | 0.45% | 0.45% |
| Exp. ratio | 0.50% | 0.51% |
| Tracking Difference | -0.57% | - |
Historical performance and flows
As of October 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CPD | +0.15% | -1.83% | +4.37% | +6.96% | +67.05% |
ZPR.U | +0.63% | -0.13% | +5.52% | +11.70% | +80.06% | |
| Flows | CPD | -$12 M | +$6 M | +$33 M | +$26 M | -$129 M |
ZPR.U | +$0 M | +$1 M | +$1 M | +$1 M | +$3 M |
CPD vs ZPR.U exposure
Countries
CPD
Canada
97.06%
ZPR.U
Canada
96.79%
Sectors
CPD
Finance
54.73%
Energy
21.78%
Utilities
14.30%
Other
9.18%
ZPR.U
Finance
48.51%
Energy
24.61%
Utilities
15.78%
Telecommunications
9.63%
As of October 27, 2026
Top 10 Holdings
CPD
TC Energy Corp.
1.73%
Fortis, Inc.
1.72%
The Toronto-Dominion Bank
1.48%
Canadian Imperial Bank of Commerce
1.33%
Bank of Montreal
1.24%
National Bank of Canada
1.20%
TC Energy Corp.
1.20%
BCE, Inc.
1.19%
TC Energy Corp.
1.17%
Pembina Pipeline Corp.
1.10%
ZPR.U
BCE, Inc.
2.41%
Enbridge, Inc.
1.86%
TC Energy Corp.
1.69%
National Bank of Canada
1.60%
Brookfield Corp.
1.58%
Brookfield Office Properties, Inc.
1.52%
Brookfield Corp.
1.51%
Power Financial Corp.
1.49%
Brookfield Corp.
1.47%
Brookfield Office Properties, Inc.
1.45%
Diversification
CPD
Total weight of top 10 holdings out of 149 total
13.35%
ZPR.U
Total weight of top 10 holdings out of 110 total
16.58%
Characteristics
Compare
CPD
ZPR.U
| 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 | 5.62% | 5.41% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2007 | January 17, 2022 |
Frequently asked questions about CPD and ZPR.U
Which ETF has performed better year to date: CPD or ZPR.U?
As of October 27, 2026, CPD has returned 4.37% year to date, while ZPR.U has returned 5.52%. ZPR.U is ahead on YTD performance.
Which ETF is larger by assets under management: CPD or ZPR.U?
As of October 27, 2026, CPD manages $1.09 B in assets, while ZPR.U manages $30.15 M. CPD is the larger fund by AUM.
How are CPD and ZPR.U managed?
CPD is passively managed by iShares. It tracks the S&P/TSX Preferred Share Total Return Index - CAD benchmark. ZPR.U is passively managed by BMO. It tracks the Solactive Laddered Canadian Preferred Share Total Return Index - CAD benchmark.
What sectors do CPD and ZPR.U emphasize?
CPD is most exposed to Finance, Energy, and Utilities. ZPR.U is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: CPD or ZPR.U?
Year to date, CPD has seen +$33.27 M in net flows, compared with +$1.43 M for ZPR.U. CPD has attracted more net investor money so far.
How do the fees of CPD and ZPR.U compare?
CPD has an expense ratio of 0.50%, while ZPR.U has an expense ratio of 0.51%.
What are the top holdings of CPD and ZPR.U?
CPD's largest holdings include Enbridge, Inc., Brookfield Corp., and Great-West Lifeco, Inc.. ZPR.U's top holdings include Enbridge, Inc., Brookfield Corp., and BCE, Inc..
Which ETF is more diversified: CPD or ZPR.U?
CPD holds 29 securities, while ZPR.U holds 30. On holdings count, ZPR.U is the more diversified portfolio.
Recent articles about CPD and ZPR.U
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.