BMO US Preferred Share Index ETF (ZUP.TO)

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BMO US Preferred Share Index ETF (ZUP.TO) is up 3.5% since the beginning of the year. ZUP.TO is currently trading at CA$20 per share. Investors who bought CA$1,000 worth of ZUP.TO shares 5 years ago would now be looking at an investment worth CA$1,068.

BMO US Preferred Share Index ETF (ZUP.TO) has returned 3.54% so far this year and 6.44% over the past 12 months.

Based on dividend-adjusted daily data since Feb 9, 2017, ZUP.TO's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +13.2%, while the worst month was Mar 2023 at -11.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ZUP.TO closed higher 46% of trading days. The best single day was Mar 19, 2020 with a return of +10.7%, while the worst single day was Mar 18, 2020 at -20.0%.

BMO US Preferred Share Index ETF has an annualized alpha of 0.81%, beta of 0.21, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since February 09, 2017.

• This ETF participated in 44.69% of S&P 500 Index downside but only 27.31% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.21 may look defensive, but with R2 of 0.08 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 0.08 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.

ZUP.TO ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

BMO US Preferred Share Index ETF provided a 6.13% dividend yield over the last twelve months, with an annual payout of CA$1.20 per share.

The table displays the monthly dividend distributions for BMO US 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 US 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 US Preferred Share Index ETF was 32.93%, occurring on Mar 18, 2020. Recovery took 45 trading sessions.

The current BMO US Preferred Share Index ETF drawdown is 4.13%.

The chart below shows the rolling one-month volatility.