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Compare TD Active Preferred Share ETF (TPRF) vs Evolve Active Canadian Preferred Share Fund ETF (DIVS) to find the best fit for your portfolio. TPRF and DIVS provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, TPRF features a management fee (MER) of 0.51%, compared to 0.65% for DIVS. Performance-wise, TPRF has returned 8.93% year-to-date with +$96 M in net flows, whereas DIVS is at 6.93% with -$6 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
DIVS
| AuM | $506.30 M | $27.00 M |
| Management Fees | 0.51% | 0.65% |
| Exp. ratio | 0.50% | 0.89% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TPRF | +0.76% | +3.58% | +8.93% | +14.19% | +76.88% |
DIVS | +0.32% | +2.69% | +6.93% | +13.03% | +47.70% | |
| Flows | TPRF | +$28 M | +$49 M | +$96 M | +$111 M | +$151 M |
DIVS | -$1 M | -$2 M | -$6 M | -$12 M | -$45 M |
TPRF vs DIVS exposure
Countries
TPRF
Canada
95.98%
DIVS
Canada
94.16%
Sectors
TPRF
Finance
45.94%
Energy
25.66%
Utilities
15.13%
Telecommunications
8.77%
DIVS
Finance
42.98%
Energy
31.11%
Utilities
14.32%
Telecommunications
7.66%
As of September 3, 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%
DIVS
Brookfield Corp.
5.48%
Enbridge, Inc.
5.28%
Fortis, Inc.
4.04%
Enbridge, Inc.
3.36%
Pembina Pipeline Corp.
3.21%
TC Energy Corp.
3.20%
Power Corp of Canada
3.06%
Coast Capital Savings Credit Union, 8.875% 2may2033, CAD
2.80%
BCE, Inc.
2.64%
Manulife Financial Corp.
2.62%
Diversification
TPRF
Total weight of top 10 holdings out of 126 total
23.45%
DIVS
Total weight of top 10 holdings out of 75 total
35.70%
Characteristics
Compare
TPRF
DIVS
| Provider | TD Asset Management | Evolve ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.00% | 6.37% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2018 | September 29, 2017 |
Frequently asked questions about TPRF and DIVS
Which ETF has performed better year to date: TPRF or DIVS?
As of September 3, 2026, TPRF has returned 8.93% year to date, while DIVS has returned 6.93%. TPRF is ahead on YTD performance.
Which ETF is larger by assets under management: TPRF or DIVS?
As of September 3, 2026, TPRF manages $506.30 M in assets, while DIVS manages $27.00 M. TPRF is the larger fund by AUM.
How are TPRF and DIVS managed?
TPRF is actively managed by TD Asset Management. It does not track an index. DIVS is actively managed by Evolve ETFs. It does not track an index.
What sectors do TPRF and DIVS emphasize?
TPRF is most exposed to Finance, Energy, and Utilities. DIVS is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: TPRF or DIVS?
Year to date, TPRF has seen +$96.00 M in net flows, compared with -$6.25 M for DIVS. TPRF has attracted more net investor money so far.
How do the fees of TPRF and DIVS compare?
TPRF has an expense ratio of 0.50%, while DIVS has an expense ratio of 0.89%.
What are the top holdings of TPRF and DIVS?
TPRF's largest holdings include Enbridge, Inc., BCE, Inc., and TC Energy Corp.. DIVS's top holdings include Enbridge, Inc., Brookfield Corp., and TC Energy Corp..
Which ETF is more diversified: TPRF or DIVS?
TPRF holds 35 securities, while DIVS holds 23. 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.

