BMO US Preferred Share Hedged to CAD Index ETF (ZHP.TO)

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BMO US Preferred Share Hedged to CAD Index ETF (ZHP.TO) is down 1.1% since the beginning of the year. ZHP.TO is currently trading at CA$16 per share. Investors who bought CA$1,000 worth of ZHP.TO shares 5 years ago would now be looking at an investment worth CA$880.

BMO US Preferred Share Hedged to CAD Index ETF (ZHP.TO) has returned -1.05% so far this year and 1.75% over the past 12 months.

Based on dividend-adjusted daily data since Feb 16, 2017, ZHP.TO's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.

Historically, 55% of months were positive and 45% were negative. The best month was Apr 2020 with a return of +15.0%, while the worst month was Mar 2020 at -15.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ZHP.TO closed higher 46% of trading days. The best single day was Mar 20, 2020 with a return of +14.6%, while the worst single day was Mar 18, 2020 at -21.9%.

BMO US Preferred Share Hedged to CAD Index ETF has an annualized alpha of 0.34%, beta of 0.18, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since February 16, 2017.

• This ETF participated in 61.61% of S&P 500 Index downside but only 31.85% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.18 may look defensive, but with R2 of 0.05 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 0.05 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.

ZHP.TO ranks 12 for risk / return — in the bottom 12% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

BMO US Preferred Share Hedged to CAD Index ETF provided a 6.22% dividend yield over the last twelve months, with an annual payout of CA$1.00 per share.

The table displays the monthly dividend distributions for BMO US Preferred Share Hedged to CAD Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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 BMO US Preferred Share Hedged to CAD Index 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 BMO US Preferred Share Hedged to CAD Index ETF was 41.53%, occurring on Mar 18, 2020. Recovery took 168 trading sessions.

The current BMO US Preferred Share Hedged to CAD Index ETF drawdown is 13.56%.

The chart below shows the rolling one-month volatility.