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Compare iShares S&P/TSX North American Preferred Stock Index ETF (XPF) vs TD Active Preferred Share ETF (TPRF) to find the best fit for your portfolio. XPF and TPRF provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, XPF features a management fee (MER) of 0.45%, compared to 0.51% for TPRF. Performance-wise, XPF has returned 3.23% year-to-date with +$5 M in net flows, whereas TPRF is at 8.93% with +$96 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
TPRF
| AuM | $242.61 M | $506.30 M |
| Management Fees | 0.45% | 0.51% |
| Exp. ratio | 0.50% | 0.50% |
| 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% |
TPRF | +0.76% | +3.58% | +8.93% | +14.19% | +76.88% | |
| Flows | XPF | +$1 M | +$2 M | +$5 M | +$9 M | +$39 M |
TPRF | +$28 M | +$49 M | +$96 M | +$111 M | +$151 M |
XPF vs TPRF exposure
Countries
XPF
Canada
49.20%
USA
41.41%
Other
7.57%
TPRF
Canada
95.98%
Sectors
XPF
Finance
56.56%
Energy
11.15%
Utilities
7.83%
Other
7.57%
Technology
7.10%
Other
9.79%
TPRF
Finance
45.94%
Energy
25.66%
Utilities
15.13%
Telecommunications
8.77%
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%
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
XPF
Total weight of top 10 holdings out of 388 total
16.52%
TPRF
Total weight of top 10 holdings out of 126 total
23.45%
Characteristics
Compare
XPF
TPRF
| Provider | iShares | TD Asset Management |
| 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% | 4.00% |
| Meets ESG criteria | No | No |
| Inception Date | November 16, 2010 | November 14, 2018 |
Frequently asked questions about XPF and TPRF
Which ETF has performed better year to date: XPF or TPRF?
As of September 2, 2026, XPF has returned 3.23% year to date, while TPRF has returned 8.93%. TPRF is ahead on YTD performance.
Which ETF is larger by assets under management: XPF or TPRF?
As of September 2, 2026, XPF manages $242.61 M in assets, while TPRF manages $506.30 M. TPRF is the larger fund by AUM.
How are XPF and TPRF 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. TPRF is actively managed by TD Asset Management. It does not track an index.
What sectors do XPF and TPRF emphasize?
XPF is most exposed to Finance, Energy, and Utilities. TPRF is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: XPF or TPRF?
Year to date, XPF has seen +$4.69 M in net flows, compared with +$96.00 M for TPRF. TPRF has attracted more net investor money so far.
How do the fees of XPF and TPRF compare?
XPF has an expense ratio of 0.50%, while TPRF has an expense ratio of 0.50%.
What are the top holdings of XPF and TPRF?
XPF's largest holdings include Enbridge, Inc. and Brookfield Corp.. TPRF's top holdings include Enbridge, Inc., BCE, Inc., and TC Energy Corp..
Which ETF is more diversified: XPF or TPRF?
XPF holds 137 securities, while TPRF holds 35. On holdings count, XPF is the more diversified portfolio.
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