A side-by-side comparison of BMO Laddered Preferred Share ETF (ZPR) and Global X Active Preferred Share ETF (HPR) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZPR | HPR |
|---|---|---|
| YTD Return | +4.06%✓ | +2.97% |
| 1-Day Change | -0.04% | 0.00%✓ |
| 1-Week Change | -0.50% | -0.37%✓ |
| 1-Month Change | +0.63%✓ | +0.85% |
| Current Price | $12.81 | $10.74 |
| AUM | $1.58B✓ | $939M |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 5.03%✓ | 4.71% |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2012-11-14 | 2010-11-22 |
| Holdings Count | 3 | 3 |
| MorningStar Rating | ★★★★ | ★★★★ |
| Category | Preferred Share Fixed Income | Preferred Share Fixed Income |
| Beta | 1.06 | 1.00 |
| 52-Week High | $12.90 | $10.84 |
| 52-Week Low | $10.72 | $9.08 |
| 50-Day MA | $12.66 | $10.60 |
| 200-Day MA | $12.28 | $10.39 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZPR | HPR |
|---|---|---|
| YTD | +4.06%✓ | +2.97% |
| 1 Year | +20.07%✓ | +18.73% |
| 3 Year | +20.73%✓ | +20.16% |
| 5 Year | +8.05%✓ | +7.65% |
| 10 Year | +8.16%✓ | +7.84% |
| 1Y Volatility | 4.09% | 4.70% |
| Sharpe Ratio (3Y) | 1.69 | 1.75 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | BCE | BCE Inc Cum Red 1st Pfd Registered Shs Series -AK- | 2.51% |
| 2 | BN | Brookfield Corp Cum Pfd Registered Shs -A- Series -24- | 1.66% |
| 3 | FTS | Fortis Inc Cum Red 1st Pref Shs Series -M- | 1.42% |
| 1 | GWO | Great-West Lifeco Inc 4.85 % Non Cum Pfd Registered Shs Series -H- | 2.17% |
| 2 | BCE | BCE Inc Cum Red 1st Pfd Registered Shs Series -AM- | 2.00% |
| 3 | FTS | Fortis Inc Cum Red 1st Pref Shs Series -M- | 1.83% |
Sector Weights
| Sector | ZPR | HPR |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ZPR
The BMO Laddered Preferred Share Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Laddered Canadian Preferred Share Index, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.
About HPR
Global X Active Preferred Share ETF (HPR.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both ZPR and HPR are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZPR scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ZPR and HPR?
ZPR (BMO Laddered Preferred Share ETF) and HPR (Global X Active Preferred Share ETF) are both Canadian-listed ETFs. Key differences include their AUM ($1.58B vs $939M), dividend yield (5.03% vs 4.71%), and year-to-date performance (+4.06% vs +2.97%).
Is ZPR better than HPR?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZPR has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZPR and HPR on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZPR and HPR should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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