VS
BMO Laddered Preferred Share Index ETF (ZPR) and Global X Active Preferred Share ETF (HPR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZPR focuses its top 3 sector exposures on Finance, Energy, and Utilities, while HPR leans towards Finance, Energy, and Utilities. When evaluating costs, ZPR features a management fee (MER) of 0.45%, compared to 0.62% for HPR. Performance-wise, ZPR has returned 9.28% year-to-date with +$65 M in net flows, whereas HPR is at 6.85% with -$21 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
ZPR
HPR
| AuM | $1,665.10 M | $942.59 M |
| Management Fees | 0.45% | 0.62% |
| Exp. ratio | 0.50% | 0.65% |
| Tracking Difference | -0.52% | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZPR | -0.10% | +3.29% | +9.28% | +14.90% | +79.83% |
HPR | -0.79% | +2.47% | +6.85% | +11.67% | +69.83% | |
| Flows | ZPR | +$31 M | +$73 M | +$65 M | +$108 M | -$441 M |
HPR | +$1 M | +$2 M | -$21 M | -$40 M | -$401 M |
ZPR vs HPR exposure
Countries
ZPR
Canada
97.80%
HPR
Canada
95.80%
Sectors
ZPR
Finance
48.04%
Energy
24.83%
Utilities
16.20%
Telecommunications
9.81%
HPR
Finance
49.87%
Energy
22.90%
Utilities
11.98%
Telecommunications
10.63%
As of September 14, 2026
Top 10 Holdings
ZPR
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%
HPR
Enbridge, Inc.
3.06%
Enbridge, Inc.
2.26%
Brookfield Renewable Power Preferred Equity, Inc.
2.25%
Great-West Lifeco, Inc.
2.19%
BCE, Inc.
2.16%
BCE, Inc.
1.97%
TC Energy Corp.
1.96%
Enbridge, Inc.
1.86%
Fortis, Inc.
1.81%
Royal Bank of Canada, 6.698% perp., CAD (BW)
1.77%
Diversification
ZPR
Total weight of top 10 holdings out of 112 total
16.68%
HPR
Total weight of top 10 holdings out of 167 total
21.29%
Characteristics
Compare
ZPR
HPR
| Provider | BMO | Global X |
| 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 | Distributing | Distributing |
| Trailing 12m distribution yield | 5.15% | 4.83% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | November 22, 2010 |
Frequently asked questions about ZPR and HPR
Which ETF has performed better year to date: ZPR or HPR?
As of September 14, 2026, ZPR has returned 9.28% year to date, while HPR has returned 6.85%. ZPR is ahead on YTD performance.
Which ETF is larger by assets under management: ZPR or HPR?
As of September 14, 2026, ZPR manages $1.67 B in assets, while HPR manages $942.59 M. ZPR is the larger fund by AUM.
How are ZPR and HPR managed?
ZPR is passively managed by BMO. It tracks the Solactive Laddered Canadian Preferred Share Total Return Index - CAD benchmark. HPR is actively managed by Global X. It does not track an index.
What sectors do ZPR and HPR emphasize?
ZPR is most exposed to Finance, Energy, and Utilities. HPR is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: ZPR or HPR?
Year to date, ZPR has seen +$64.95 M in net flows, compared with -$21.46 M for HPR. ZPR has attracted more net investor money so far.
How do the fees of ZPR and HPR compare?
ZPR has an expense ratio of 0.50%, while HPR has an expense ratio of 0.65%.
What are the top holdings of ZPR and HPR?
ZPR's largest holdings include Enbridge, Inc., Brookfield Corp., and BCE, Inc.. HPR's top holdings include Enbridge, Inc., BCE, Inc., and Great-West Lifeco, Inc..
Which ETF is more diversified: ZPR or HPR?
ZPR holds 30 securities, while HPR holds 62. On holdings count, HPR is the more diversified portfolio.
Recent articles about ZPR and HPR
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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.