VS
When evaluating costs, XPF features a management fee (MER) of 0.45%, compared to 0.5% for NPRF. Performance-wise, XPF has returned 3.23% year-to-date with +$5 M in net flows, whereas NPRF is at 3.17% 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
XPF
NPRF
| AuM | $242.61 M | $168.63 M |
| Management Fees | 0.45% | 0.50% |
| Exp. ratio | 0.50% | 0.49% |
| Tracking Difference | -0.46% | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XPF | -0.50% | -0.13% | +3.23% | +5.35% | +37.17% |
NPRF | +0.03% | +1.14% | +3.17% | +5.87% | +47.15% | |
| Flows | XPF | +$1 M | +$2 M | +$5 M | +$9 M | +$39 M |
NPRF | -$1 M | +$2 M | +$6 M | +$7 M | -$8 M |
XPF vs NPRF exposure
Countries
XPF
Canada
49.20%
USA
41.41%
Other
7.57%
NPRF
Exposure data will be available soon
Sectors
XPF
Finance
56.56%
Energy
11.15%
Utilities
7.83%
Other
7.57%
Technology
7.10%
Other
9.79%
NPRF
Exposure data will be available soon
As of September 2, 2026
Top 10 Holdings
XPF
Strategy, Inc.
2.98%
The Boeing Co.
2.49%
US02079K4040
2.43%
US02079K6029
2.42%
Oracle Corp.
1.30%
US86800U5002
1.17%
Hewlett Packard Enterprise Co.
1.17%
TC Energy Corp.
0.88%
Fortis, Inc.
0.88%
Citigroup, 7.875% 30oct2040, USD
0.78%
NPRF
Exposure data will be available soon
Diversification
XPF
Total weight of top 10 holdings out of 388 total
16.52%
NPRF
Exposure data will be available soon
Characteristics
Compare
XPF
NPRF
| Provider | iShares | National Bank Investments |
| Management | Passively managed | Actively managed |
| Benchmark | S&P/TSX North American Preferred Stock (CAD Hedged) Net Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.18% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | November 16, 2010 | February 8, 2019 |
Frequently asked questions about XPF and NPRF
Which ETF has performed better year to date: XPF or NPRF?
As of September 2, 2026, XPF has returned 3.23% year to date, while NPRF has returned 3.17%. XPF is ahead on YTD performance.
Which ETF is larger by assets under management: XPF or NPRF?
As of September 2, 2026, XPF manages $242.61 M in assets, while NPRF manages $168.63 M. XPF is the larger fund by AUM.
How are XPF and NPRF managed?
XPF is passively managed by iShares. It tracks the S&P/TSX North American Preferred Stock (CAD Hedged) Net Total Return Index - CAD benchmark. NPRF is actively managed by National Bank Investments. It does not track an index.
Which ETF is attracting more investor flows: XPF or NPRF?
Year to date, XPF has seen +$4.69 M in net flows, compared with +$6.03 M for NPRF. NPRF has attracted more net investor money so far.
How do the fees of XPF and NPRF compare?
XPF has an expense ratio of 0.50%, while NPRF has an expense ratio of 0.49%.
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