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 Financials, Energy, and Utilities, while HPR leans towards Financials, 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 4.28% year-to-date with -$12 M in net flows, whereas HPR is at 3% with -$18 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 | $1,547.96 M | $931.27 M |
| Management Fees | 0.45% | 0.62% |
| Exp. ratio | 0.50% | 0.65% |
| Tracking Difference | -0.69% | - |
Historical performance and flows
As of April 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZPR | +2.94% | +3.98% | +4.28% | +25.86% | +65.14% |
HPR | +2.77% | +2.80% | +3.00% | +23.03% | +54.36% | |
| Flows | ZPR | +$12 M | +$29 M | -$12 M | +$17 M | -$457 M |
HPR | +$0 M | -$9 M | -$18 M | -$93 M | -$497 M |
ZPR vs HPR exposure
Countries
ZPR
Canada
98.25%
HPR
Canada
97.69%
Sectors
ZPR
Financials
25.82%
Energy
24.03%
Utilities
17.98%
Other
16.96%
Communication Services
9.60%
HPR
Financials
26.24%
Energy
19.15%
Other
15.48%
Utilities
14.07%
Communication Services
9.82%
Banks
8.38%
As of April 28, 2026
Top 10 Holdings
ZPR
BCE CUM RED FST SRS AK PRF
2.41%
ENBRIDGE INC
1.88%
NATIONAL BANK OF CANADA
1.69%
CA11271J6850
1.54%
INTACT NON CUM RT RES CL A SRS 3 PRF
1.49%
TORONTO-DOMINION BANK PRF
1.48%
TC ENERGY CORP CUM RED FIRST SR 5 PRF
1.48%
FORTIS INC CUM RED FXD PRF M
1.45%
TC ENERGY CORP PRF
1.43%
POWER FI 4.40% NON CUM 5 YR SR P PRF
1.42%
HPR
ENBRIDGE SRS 3 CUM RED PRF
2.88%
BROOKFIELD REN PWR EQY CL A SR 1 PRF
2.31%
ENBRIDGE INC 4.40% CUM RDM PFD SER 13
2.19%
GREAT WEST LIFECO 1ST 4.8 SR H PRF
2.14%
BCE SR AI PRF
2.13%
BCE CUMULATIVE REDEEMABLE FIRST PREF ORD SHS SERIES AM
2.01%
TC ENERGY CORP SRS 9 CUM RED FIR PRF
1.85%
Royal Bank of Canada, 6.698% perp., CAD (BW)
1.85%
FORTIS INC CUM RED FXD PRF M
1.82%
ENBRIDGE INC
1.80%
Diversification
ZPR
Total weight of top 10 holdings out of 118 total
16.28%
HPR
Total weight of top 10 holdings out of 159 total
20.98%
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 | 4.97% | 4.65% |
| 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 April 28, 2026, ZPR has returned 4.28% year to date, while HPR has returned 3.00%. ZPR is ahead on YTD performance.
Which ETF is larger by assets under management: ZPR or HPR?
As of April 28, 2026, ZPR manages $1.55 B in assets, while HPR manages $931.27 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 Financials, Energy, and Utilities. HPR is most exposed to Financials, Energy, and Utilities.
Which ETF is attracting more investor flows: ZPR or HPR?
Year to date, ZPR has seen -$11.98 M in net flows, compared with -$17.94 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 BROOKFIELD OFFICE PROPERTIES INC PRF and TC ENERGY CORP PRF. HPR's top holdings include ENBRIDGE SRS 3 CUM RED PRF and BROOKFIELD REN PWR EQY CL A SR 1 PRF.
Which ETF is more diversified: ZPR or HPR?
ZPR holds 96 securities, while HPR holds 131. On holdings count, HPR is the more diversified portfolio.
Recent articles about ZPR and HPR
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