RPF.TO vs. ZUP.TO
RPF.TO (RBC Canadian Preferred Share ETF) and ZUP.TO (BMO US Preferred Share Index ETF) are both Preferred Stock/Convertible Bonds funds. Over the past 5 years, RPF.TO returned 7.73%/yr vs 1.21%/yr for ZUP.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
RPF.TO vs. ZUP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RPF.TO achieves a 8.05% return, which is significantly higher than ZUP.TO's 3.81% return.
RPF.TO
- 1D
- 0.12%
- 1M
- 1.87%
- 6M
- 7.61%
- YTD
- 8.05%
- 1Y
- 16.67%
- 3Y*
- 19.70%
- 5Y*
- 7.73%
- 10Y*
- —
ZUP.TO
- 1D
- -0.05%
- 1M
- -0.39%
- 6M
- 0.76%
- YTD
- 3.81%
- 1Y
- 5.95%
- 3Y*
- 8.43%
- 5Y*
- 1.21%
- 10Y*
- —
RPF.TO vs. ZUP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPF.TO RBC Canadian Preferred Share ETF | 8.05% | 19.23% | 28.54% | 3.28% | -18.37% | 23.47% | 6.47% | 0.26% | -9.86% | 10.10% |
ZUP.TO BMO US Preferred Share Index ETF | 3.81% | -4.11% | 17.52% | 3.56% | -14.25% | 4.80% | 7.69% | 11.34% | 1.93% | 0.37% |
Correlation
The correlation between RPF.TO and ZUP.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.06 |
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Return for Risk
RPF.TO vs. ZUP.TO — Risk / Return Rank
RPF.TO
ZUP.TO
RPF.TO vs. ZUP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Preferred Share ETF (RPF.TO) and BMO US Preferred Share Index ETF (ZUP.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.
| RPF.TO | ZUP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.20 | ||
| Sortino ratioReturn per unit of downside risk | +4.63 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.13 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 7.92 | 1.25 | +6.67 |
| Martin ratioReturn relative to average drawdown | 43.11 | 2.51 | +40.61 |
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Drawdowns
RPF.TO vs. ZUP.TO - Drawdown Comparison
The maximum RPF.TO drawdown since its inception was -45.68%, which is greater than ZUP.TO's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for RPF.TO and ZUP.TO.
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Drawdown Indicators
| RPF.TO | ZUP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.68% | -32.93% | -12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -4.76% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -9.19% | -12.88% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.37% | -25.34% | -1.03% |
Current DrawdownCurrent decline from peak | 0.00% | -3.89% | +3.89% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -5.33% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 2.36% | -1.97% |
Volatility
RPF.TO vs. ZUP.TO - Volatility Comparison
The current volatility for RBC Canadian Preferred Share ETF (RPF.TO) is 1.25%, while BMO US Preferred Share Index ETF (ZUP.TO) has a volatility of 4.40%. This indicates that RPF.TO experiences smaller price fluctuations and is considered to be less risky than ZUP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPF.TO | ZUP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 4.40% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 6.34% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 8.64% | -4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 11.83% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.28% | 14.40% | -2.12% |
Dividends
RPF.TO vs. ZUP.TO - Dividend Comparison
RPF.TO's dividend yield for the trailing twelve months is around 4.90%, less than ZUP.TO's 6.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RPF.TO RBC Canadian Preferred Share ETF | 4.90% | 5.08% | 5.48% | 6.17% | 5.65% | 4.22% | 5.24% | 5.07% | 4.52% | 3.95% | 1.10% |
ZUP.TO BMO US Preferred Share Index ETF | 6.11% | 6.51% | 5.82% | 6.88% | 6.33% | 5.28% | 5.81% | 5.52% | 5.29% | 5.14% | 0.00% |
Frequently Asked Questions
RPF.TO and ZUP.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: RBC and BMO.
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