IPPP vs. QTPI

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and QTPI (North Square RCIM Tax-Advantaged Preferred and Income Securities ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. IPPP charges 1.27%/yr vs 0.60%/yr for QTPI.

Performance

IPPP vs. QTPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IPPP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTPI

• 1D: -0.59%
• 1M: 0.10%
• YTD: 0.84%
• 6M: 1.41%
• 1Y: 5.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IPPP vs. QTPI - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
QTPI North Square RCIM Tax-Advantaged Preferred and Income Securities ETF	0.02%

Return for Risk

IPPP vs. QTPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTPI

QTPI Risk / Return Rank: 42
QTPI Sharpe Ratio Rank: 35
QTPI Sortino Ratio Rank: 34
QTPI Omega Ratio Rank: 33
QTPI Calmar Ratio Rank: 50
QTPI Martin Ratio Rank: 57

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.

IPPP vs. QTPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IPPP	QTPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.19	—

Drawdowns

IPPP vs. QTPI - Drawdown Comparison

The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum QTPI drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for IPPP and QTPI.

Drawdown Indicators

	IPPP	QTPI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.08%	+4.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.11%	—
Current Drawdown Current decline from peak	0.00%	-0.68%	+0.68%
Average Drawdown Average peak-to-trough decline	0.00%	-0.40%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.52%	—

Volatility

Volatility by Period

	IPPP	QTPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	4.55%	-4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	4.98%	-4.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	4.98%	-4.98%

IPPP vs. QTPI - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than QTPI's 0.60% expense ratio.

Dividends

IPPP vs. QTPI - Dividend Comparison

IPPP has not paid dividends to shareholders, while QTPI's dividend yield for the trailing twelve months is around 4.44%.

Position	TTM	2025	2024
IPPP Preferred-Plus ETF	0.00%	0.00%	0.00%
QTPI North Square RCIM Tax-Advantaged Preferred and Income Securities ETF	4.44%	4.58%	0.10%

Frequently Asked Questions

Which ETF is better, IPPP or QTPI?

On fees, QTPI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPPP or QTPI?

QTPI is cheaper with a 0.60% expense ratio, compared with 1.27% for IPPP.

Which ETF pays a higher dividend yield, IPPP or QTPI?

QTPI has the higher dividend yield at 4.44%, compared with 0.00% for IPPP.

What is the main difference between IPPP and QTPI?

They also come from different issuers: Innovative Portfolios and North Square. Their fees differ too: 1.27% for IPPP and 0.60% for QTPI.