Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of CA$10,000 in Global X Laddered Canadian Preferred Share Index Corporate Class ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) has returned 1.87% so far this year and 18.22% over the past 12 months.

Based on dividend-adjusted daily data since Feb 27, 2019, HLPR.TO's average daily return is +0.03%, while the average monthly return is +0.74%. At this rate, your investment would double in approximately 7.8 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +12.9%, while the worst month was Mar 2020 at -22.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.

On a daily basis, HLPR.TO closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +13.0%, while the worst single day was Mar 23, 2020 at -10.9%.

Global X Laddered Canadian Preferred Share Index Corporate Class ETF has an annualized alpha of 5.76%, beta of 0.22, and R² of 0.09 versus S&P 500 Index. Calculated based on daily prices since February 28, 2019.

• This ETF participated in 54.39% of S&P 500 Index downside but only 52.36% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.22 may look defensive, but with R² of 0.09 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.09 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HLPR.TO has an expense ratio of 0.30%, placing it in the medium range.

HLPR.TO ranks 91 for risk / return — in the top 91% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Global X Laddered Canadian Preferred Share Index Corporate Class ETF (HLPR.TO) and compare them to a chosen benchmark (S&P 500 Index).

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Global X Laddered Canadian Preferred Share Index Corporate Class ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Global X Laddered Canadian Preferred Share Index Corporate Class ETF was 38.96%, occurring on Mar 23, 2020. Recovery took 173 trading sessions.

The current Global X Laddered Canadian Preferred Share Index Corporate Class ETF drawdown is 0.69%.

The chart below shows the rolling one-month volatility.