BMO Laddered Preferred Share Index ETF (ZPR.TO)

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

BMO Laddered Preferred Share Index ETF (ZPR.TO) has returned 1.93% so far this year and 18.43% over the past 12 months. Over the last ten years, ZPR.TO has returned 8.10% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.

Based on dividend-adjusted daily data since Nov 20, 2012, ZPR.TO's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, your investment would double in approximately 15.6 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +12.2%, while the worst month was Mar 2020 at -22.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 10 months.

On a daily basis, ZPR.TO closed higher 48% of trading days. The best single day was Mar 25, 2020 with a return of +9.8%, while the worst single day was Mar 9, 2020 at -11.8%.

BMO Laddered Preferred Share Index ETF has an annualized alpha of 1.04%, beta of 0.25, and R² of 0.12 versus S&P 500 Index. Calculated based on daily prices since November 21, 2012.

• This ETF participated in 52.58% of S&P 500 Index downside but only 34.96% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.25 may look defensive, but with R² of 0.12 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 0.12 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.

ZPR.TO has an expense ratio of 0.45%, placing it in the medium range.

ZPR.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 BMO Laddered Preferred Share Index ETF (ZPR.TO) and compare them to a chosen benchmark (S&P 500 Index).

BMO Laddered Preferred Share Index ETF provided a 5.08% dividend yield over the last twelve months, with an annual payout of CA$0.63 per share. The fund has been increasing its distributions for 8 consecutive years.

The table displays the monthly dividend distributions for BMO Laddered Preferred Share 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 Laddered Preferred Share 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 Laddered Preferred Share Index ETF was 44.92%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.

The current BMO Laddered Preferred Share Index ETF drawdown is 0.36%.

The chart below shows the rolling one-month volatility.