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Compare TD Active Preferred Share ETF (TPRF) vs Desjardins Canadian Preferred Share Index ETF (DCP) to find the best fit for your portfolio. TPRF and DCP provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, TPRF features a management fee (MER) of 0.51%, compared to 0.4% for DCP. Performance-wise, TPRF has returned 8.19% year-to-date with +$85 M in net flows, whereas DCP is at 7.45% 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
TPRF
DCP
| AuM | $491.68 M | $42.55 M |
| Management Fees | 0.51% | 0.40% |
| Exp. ratio | 0.50% | 0.46% |
| Tracking Difference | - | -0.67% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TPRF | +0.08% | +2.71% | +8.19% | +13.51% | +75.88% |
DCP | +0.41% | +2.42% | +7.45% | +12.86% | +73.50% | |
| Flows | TPRF | +$16 M | +$37 M | +$85 M | +$99 M | +$140 M |
DCP | +$1 M | +$2 M | +$1 M | +$1 M | +$3 M |
TPRF vs DCP exposure
Countries
TPRF
Canada
95.98%
DCP
Canada
95.80%
Sectors
TPRF
Finance
45.94%
Energy
25.66%
Utilities
15.13%
Telecommunications
8.77%
DCP
Finance
46.73%
Energy
27.16%
Utilities
14.86%
Telecommunications
8.14%
As of September 1, 2026
Top 10 Holdings
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%
DCP
TC Energy Corp.
2.55%
Fortis, Inc.
2.55%
The Toronto-Dominion Bank
2.14%
Canadian Imperial Bank of Commerce
1.93%
Bank of Montreal
1.78%
BCE, Inc.
1.75%
TC Energy Corp.
1.74%
National Bank of Canada
1.73%
TC Energy Corp.
1.72%
Pembina Pipeline Corp.
1.65%
Diversification
TPRF
Total weight of top 10 holdings out of 126 total
23.45%
DCP
Total weight of top 10 holdings out of 99 total
19.54%
Characteristics
Compare
TPRF
DCP
| Provider | TD Asset Management | Desjardins Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Canadian Rate Reset Preferred Share Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.03% | 5.25% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2018 | March 21, 2017 |
Frequently asked questions about TPRF and DCP
Which ETF has performed better year to date: TPRF or DCP?
As of September 1, 2026, TPRF has returned 8.19% year to date, while DCP has returned 7.45%. TPRF is ahead on YTD performance.
Which ETF is larger by assets under management: TPRF or DCP?
As of September 1, 2026, TPRF manages $491.68 M in assets, while DCP manages $42.55 M. TPRF is the larger fund by AUM.
How are TPRF and DCP managed?
TPRF is actively managed by TD Asset Management. It does not track an index. DCP is passively managed by Desjardins Investments. It tracks the Solactive Canadian Rate Reset Preferred Share Total Return Index - CAD benchmark.
What sectors do TPRF and DCP emphasize?
TPRF is most exposed to Finance, Energy, and Utilities. DCP is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: TPRF or DCP?
Year to date, TPRF has seen +$84.75 M in net flows, compared with +$1.20 M for DCP. TPRF has attracted more net investor money so far.
How do the fees of TPRF and DCP compare?
TPRF has an expense ratio of 0.50%, while DCP has an expense ratio of 0.46%.
What are the top holdings of TPRF and DCP?
TPRF's largest holdings include Enbridge, Inc., BCE, Inc., and TC Energy Corp.. DCP's top holdings include Brookfield Corp., Enbridge, Inc., and Pembina Pipeline Corp..
Which ETF is more diversified: TPRF or DCP?
TPRF holds 35 securities, while DCP holds 29. 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.

