BRKY.NEO vs. ZPR.TO
BRKY.NEO (Berkshire Hathaway Yield Shares Purpose ETF) and ZPR.TO (BMO Laddered Preferred Share Index ETF) are both exchange-traded funds - BRKY.NEO is a Large Cap Blend Equities fund actively managed by Purpose Investments, while ZPR.TO is a Preferred Stock/Convertible Bonds fund tracking the Solactive Laddered Canadian Preferred Share Index. BRKY.NEO is actively managed, while ZPR.TO is passively managed. Over the past 3 years, BRKY.NEO returned 13.62%/yr vs 20.09%/yr for ZPR.TO. At a 0.11 correlation, their price movements are largely independent. BRKY.NEO charges 0.40%/yr vs 0.45%/yr for ZPR.TO.
Performance
BRKY.NEO vs. ZPR.TO - Performance Comparison
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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 ZPR.TO's 8.16% return.
BRKY.NEO
- 1D
- -0.90%
- 1M
- -1.04%
- 6M
- -2.05%
- YTD
- -3.97%
- 1Y
- 1.75%
- 3Y*
- 13.62%
- 5Y*
- —
- 10Y*
- —
ZPR.TO
- 1D
- 0.39%
- 1M
- 1.94%
- 6M
- 7.55%
- YTD
- 8.16%
- 1Y
- 16.61%
- 3Y*
- 20.09%
- 5Y*
- 8.35%
- 10Y*
- 8.41%
BRKY.NEO vs. ZPR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BRKY.NEO Berkshire Hathaway Yield Shares Purpose ETF | -3.97% | 9.36% | 34.10% | 15.48% | 2.16% |
ZPR.TO BMO Laddered Preferred Share Index ETF | 8.16% | 18.58% | 26.58% | 7.21% | 0.06% |
Correlation
The correlation between BRKY.NEO and ZPR.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2022 | 0.11 |
The correlation between BRKY.NEO and ZPR.TO shifts across timeframes, from -0.01 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRKY.NEO vs. ZPR.TO — Risk / Return Rank
BRKY.NEO
ZPR.TO
BRKY.NEO vs. ZPR.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 BMO Laddered Preferred Share Index ETF (ZPR.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.NEO | ZPR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.76 | ||
| Sortino ratioReturn per unit of downside risk | -5.60 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.81 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 6.76 | -6.59 |
| Martin ratioReturn relative to average drawdown | 0.35 | 38.57 | -38.22 |
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Drawdowns
BRKY.NEO vs. ZPR.TO - Drawdown Comparison
The maximum BRKY.NEO drawdown since its inception was -17.42%, smaller than the maximum ZPR.TO drawdown of -44.72%. Use the drawdown chart below to compare losses from any high point for BRKY.NEO and ZPR.TO.
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Drawdown Indicators
| BRKY.NEO | ZPR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -44.72% | +27.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -2.47% | -8.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -8.75% | -8.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.13% | — |
Current DrawdownCurrent decline from peak | -13.01% | 0.00% | -13.01% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -9.21% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 0.43% | +4.58% |
Volatility
BRKY.NEO vs. ZPR.TO - Volatility Comparison
Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) has a higher volatility of 4.06% compared to BMO Laddered Preferred Share Index ETF (ZPR.TO) at 0.88%. This indicates that BRKY.NEO's price experiences larger fluctuations and is considered to be riskier than ZPR.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.NEO | ZPR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 0.88% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 2.69% | +8.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 4.30% | +10.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 8.32% | +9.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 11.42% | +6.60% |
BRKY.NEO vs. ZPR.TO - Expense Ratio Comparison
BRKY.NEO has a 0.40% expense ratio, which is lower than ZPR.TO's 0.45% expense ratio.
Dividends
BRKY.NEO vs. ZPR.TO - Dividend Comparison
BRKY.NEO's dividend yield for the trailing twelve months is around 7.70%, more than ZPR.TO's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZPR.TO BMO Laddered Preferred Share Index ETF | 5.04% | 4.86% | 4.93% | 5.92% | 5.97% | 4.66% | 5.48% | 5.09% | 4.82% | 4.08% | 5.14% | 5.65% |
Frequently Asked Questions
BRKY.NEO and ZPR.TO have a correlation of -0.01, 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 0.45% for ZPR.TO.
BRKY.NEO is categorized as Large Cap Blend Equities, while ZPR.TO is Preferred Stock/Convertible Bonds. They also come from different issuers: Purpose Investments and BMO. Their fees differ too: 0.40% for BRKY.NEO and 0.45% for ZPR.TO.
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