VS
Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR) and TD Active Preferred Share ETF (TPRF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that HLPR focuses its top 3 sector exposures on Finance, Energy, and Utilities, while TPRF leans towards Finance, Energy, and Utilities. When evaluating costs, HLPR features a management fee (MER) of 0.33%, compared to 0.51% for TPRF. Performance-wise, HLPR has returned 9.88% year-to-date with -$1 M in net flows, whereas TPRF is at 9.1% with +$86 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
HLPR
TPRF
| AuM | $121.56 M | $497.12 M |
| Management Fees | 0.33% | 0.51% |
| Exp. ratio | 0.33% | 0.50% |
| Tracking Difference | -0.61% | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HLPR | +1.09% | +3.29% | +9.88% | +16.36% | +79.95% |
TPRF | +0.91% | +3.65% | +9.10% | +14.46% | +77.14% | |
| Flows | HLPR | +$0 M | -$2 M | -$1 M | -$3 M | -$16 M |
TPRF | +$18 M | +$39 M | +$86 M | +$101 M | +$141 M |
HLPR vs TPRF exposure
Countries
HLPR
Canada
97.80%
TPRF
Canada
95.98%
Sectors
HLPR
Finance
48.04%
Energy
24.83%
Utilities
15.72%
Telecommunications
9.81%
TPRF
Finance
45.94%
Energy
25.66%
Utilities
15.13%
Telecommunications
8.77%
As of September 2, 2026
Top 10 Holdings
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%
TPRF
Fortis, Inc.
2.76%
Manulife Financial Corp.
2.76%
TC Energy Corp.
2.63%
TC Energy Corp.
2.43%
Brookfield Renewable Power Preferred Equity, Inc.
2.26%
Pembina Pipeline Corp.
2.24%
BCE, Inc.
2.13%
BCE, Inc.
2.09%
Brookfield Office Properties, Inc.
2.09%
Enbridge, Inc.
2.04%
Diversification
HLPR
Total weight of top 10 holdings out of 112 total
16.68%
TPRF
Total weight of top 10 holdings out of 126 total
23.45%
Characteristics
Compare
HLPR
TPRF
| Provider | Global X | TD Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Laddered Canadian Preferred Share Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 3.99% |
| Meets ESG criteria | No | No |
| Inception Date | February 27, 2019 | November 14, 2018 |
Frequently asked questions about HLPR and TPRF
Which ETF has performed better year to date: HLPR or TPRF?
As of September 2, 2026, HLPR has returned 9.88% year to date, while TPRF has returned 9.10%. HLPR is ahead on YTD performance.
Which ETF is larger by assets under management: HLPR or TPRF?
As of September 2, 2026, HLPR manages $121.56 M in assets, while TPRF manages $497.12 M. TPRF is the larger fund by AUM.
How are HLPR and TPRF managed?
HLPR is passively managed by Global X. It tracks the Solactive Laddered Canadian Preferred Share Total Return Index - CAD benchmark. TPRF is actively managed by TD Asset Management. It does not track an index.
What sectors do HLPR and TPRF emphasize?
HLPR is most exposed to Finance, Energy, and Utilities. TPRF is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: HLPR or TPRF?
Year to date, HLPR has seen -$1.40 M in net flows, compared with +$86.08 M for TPRF. TPRF has attracted more net investor money so far.
How do the fees of HLPR and TPRF compare?
HLPR has an expense ratio of 0.33%, while TPRF has an expense ratio of 0.50%.
What are the top holdings of HLPR and TPRF?
HLPR's largest holdings include Enbridge, Inc., Brookfield Corp., and BCE, Inc.. TPRF's top holdings include Enbridge, Inc., BCE, Inc., and TC Energy Corp..
Which ETF is more diversified: HLPR or TPRF?
HLPR holds 31 securities, while TPRF holds 35. On holdings count, TPRF is the more diversified portfolio.
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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.