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BRKY.NEO vs. CPD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BRKY.NEO vs. CPD.TO

Last updated Jul 16, 2026
Documentation

BRKY.NEO (Berkshire Hathaway Yield Shares Purpose ETF) and CPD.TO (iShares S&P/TSX Canadian Preferred Share Index ETF) are both exchange-traded funds - BRKY.NEO is a Large Cap Blend Equities fund actively managed by Purpose Investments, while CPD.TO is a Preferred Stock/Convertible Bonds fund tracking the S&P/TSX Preferred Share TR. BRKY.NEO is actively managed, while CPD.TO is passively managed. Over the past 3 years, BRKY.NEO returned 13.62%/yr vs 16.87%/yr for CPD.TO. At a 0.14 correlation, their price movements are largely independent. BRKY.NEO charges 0.40%/yr vs 0.50%/yr for CPD.TO.

Performance

BRKY.NEO vs. CPD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BRKY.NEO achieves a -3.97% return, which is significantly lower than CPD.TO's 5.58% return.

BRKY.NEO

1D
-0.90%
1M
-1.04%
6M
-2.05%
YTD
-3.97%
1Y
1.75%
3Y*
13.62%
5Y*
—
10Y*
—

CPD.TO

1D
0.21%
1M
1.87%
6M
5.28%
YTD
5.58%
1Y
12.30%
3Y*
16.87%
5Y*
6.16%
10Y*
6.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BRKY.NEO vs. CPD.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
BRKY.NEO
Berkshire Hathaway Yield Shares Purpose ETF		-3.97%9.36%34.10%15.48%2.16%
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		5.58%16.10%23.31%6.23%-1.46%

Correlation

The correlation between BRKY.NEO and CPD.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2022

0.14

The correlation between BRKY.NEO and CPD.TO shifts across timeframes, from 0.04 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

BRKY.NEO vs. CPD.TO - Sectors Allocation Comparison

Sectors
BRKY.NEO
CPD.TO

Financial Services

100.0%
6.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

0.5%

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

100.0%

Financial Services

BRKY.NEO
100.0%
CPD.TO
6.4%

Basic Materials

BRKY.NEO

-

CPD.TO

-

Communication Services

BRKY.NEO

-

CPD.TO

-

Consumer Cyclical

BRKY.NEO

-

CPD.TO

-

Consumer Defensive

BRKY.NEO

-

CPD.TO
0.5%

Energy

BRKY.NEO

-

CPD.TO

-

Healthcare

BRKY.NEO

-

CPD.TO

-

Industrials

BRKY.NEO

-

CPD.TO

-

Real Estate

BRKY.NEO

-

CPD.TO

-

Technology

BRKY.NEO

-

CPD.TO

-

Utilities

BRKY.NEO

-

CPD.TO
100.0%

Compare stocks, funds, or ETFs

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

Berkshire Hathaway Yield Shares Purpose ETF

iShares S&P/TSX Canadian Preferred Share Index ETF

Often compared with BRKY.NEO:
BRKY.NEO vs. CNCL.TOBRKY.NEO vs. BTCC-B.TOBRKY.NEO vs. ETSX.TOBRKY.NEO vs. PMM.TOBRKY.NEO vs. PSA.TOBRKY.NEO vs. YAMZ.NEOBRKY.NEO vs. BTCY.TO
Often compared with CPD.TO:
CPD.TO vs. XEI.TOCPD.TO vs. VDY.TOCPD.TO vs. XDIV.TOCPD.TO vs. ZPR.TOCPD.TO vs. VFV.TOCPD.TO vs. fie.TOCPD.TO vs. XAW.TO

Return for Risk

BRKY.NEO vs. CPD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BRKY.NEO
BRKY.NEO Risk / Return Rank: 1111
Overall Rank
BRKY.NEO Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
BRKY.NEO Sortino Ratio Rank: 1010
Sortino Ratio Rank
BRKY.NEO Omega Ratio Rank: 1010
Omega Ratio Rank
BRKY.NEO Calmar Ratio Rank: 1111
Calmar Ratio Rank
BRKY.NEO Martin Ratio Rank: 1111
Martin Ratio Rank
CPD.TO
CPD.TO Risk / Return Rank: 9494
Overall Rank
CPD.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
CPD.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
CPD.TO Omega Ratio Rank: 9595
Omega Ratio Rank
CPD.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
CPD.TO Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRKY.NEO vs. CPD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) and iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BRKY.NEOCPD.TODifference
Sharpe ratioReturn per unit of total volatility
0.12
2.98

-2.87

Sortino ratioReturn per unit of downside risk
0.27
4.07

-3.80

Omega ratioGain probability vs. loss probability

1.03

1.63

-0.59

Calmar ratioReturn relative to maximum drawdown

0.17

4.58

-4.41

Martin ratioReturn relative to average drawdown

0.35

22.79

-22.44

BRKY.NEO vs. CPD.TO - Sharpe Ratio Comparison

The current BRKY.NEO Sharpe Ratio is 0.12, which is lower than the CPD.TO Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of BRKY.NEO and CPD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BRKY.NEO vs. CPD.TO - Drawdown Comparison

The maximum BRKY.NEO drawdown since its inception was -17.42%, smaller than the maximum CPD.TO drawdown of -40.92%. Use the drawdown chart below to compare losses from any high point for BRKY.NEO and CPD.TO.

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Drawdown Indicators

BRKY.NEOCPD.TODifference

Max Drawdown

Largest peak-to-trough decline

-17.42%

-40.92%

+23.50%

Max Drawdown (1Y)

Largest decline over 1 year

-10.55%

-2.70%

-7.85%

Max Drawdown (3Y)

Largest decline over 3 years

-17.42%

-7.65%

-9.77%

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.12%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.92%

—

Current Drawdown

Current decline from peak

-13.01%

0.00%

-13.01%

Average Drawdown

Average peak-to-trough decline

-5.85%

-6.72%

+0.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.01%

0.54%

+4.47%

Volatility

BRKY.NEO vs. CPD.TO - Volatility Comparison

Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) has a higher volatility of 4.06% compared to iShares S&P/TSX Canadian Preferred Share Index ETF (CPD.TO) at 0.78%. This indicates that BRKY.NEO's price experiences larger fluctuations and is considered to be riskier than CPD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BRKY.NEOCPD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.06%

0.78%

+3.28%

Volatility (6M)

Calculated over the trailing 6-month period

11.51%

2.72%

+8.79%

Volatility (1Y)

Calculated over the trailing 1-year period

15.14%

4.14%

+11.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.02%

7.70%

+10.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.02%

10.58%

+7.44%

BRKY.NEO vs. CPD.TO - Expense Ratio Comparison

BRKY.NEO has a 0.40% expense ratio, which is lower than CPD.TO's 0.50% expense ratio.

Dividends

BRKY.NEO vs. CPD.TO - Dividend Comparison

BRKY.NEO's dividend yield for the trailing twelve months is around 7.70%, more than CPD.TO's 4.97% yield.

PositionTTM20252024202320222021202020192018201720162015
BRKY.NEO
Berkshire Hathaway Yield Shares Purpose ETF		7.70%5.58%10.93%5.41%0.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CPD.TO
iShares S&P/TSX Canadian Preferred Share Index ETF		4.97%4.96%5.11%5.88%5.53%4.17%4.96%5.02%4.74%4.33%4.85%5.44%

Frequently Asked Questions

BRKY.NEO and CPD.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BRKY.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BRKY.NEO is cheaper with a 0.40% expense ratio, compared with 0.50% for CPD.TO.

BRKY.NEO is categorized as Large Cap Blend Equities, while CPD.TO is Preferred Stock/Convertible Bonds. They also come from different issuers: Purpose Investments and iShares. Their fees differ too: 0.40% for BRKY.NEO and 0.50% for CPD.TO.

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