ZPR.TO vs. CYH.TO
ZPR.TO (BMO Laddered Preferred Share Index ETF) and CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) are both exchange-traded funds - ZPR.TO is a Preferred Stock fund tracking the Solactive Laddered Canadian Preferred Share Index, while CYH.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD. Both are passively managed. Over the past 10 years, ZPR.TO returned 8.16%/yr vs 7.70%/yr for CYH.TO. Their 0.25 correlation means their historical movements had little consistent relationship. ZPR.TO charges 0.45%/yr vs 0.66%/yr for CYH.TO.
Performance
ZPR.TO vs. CYH.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPR.TO achieves a 8.97% return, which is significantly lower than CYH.TO's 14.27% return. Over the past 10 years, ZPR.TO has outperformed CYH.TO with an annualized return of 8.16%, while CYH.TO has yielded a comparatively lower 7.70% annualized return.
ZPR.TO
- 1D
- 0.00%
- 1M
- 2.00%
- 6M
- 8.48%
- YTD
- 8.97%
- 1Y
- 16.39%
- 3Y*
- 19.91%
- 5Y*
- 8.42%
- 10Y*
- 8.16%
- ALL TIME*
- 4.09%
CYH.TO
- 1D
- -0.36%
- 1M
- 2.59%
- 6M
- 7.17%
- YTD
- 14.27%
- 1Y
- 24.80%
- 3Y*
- 16.54%
- 5Y*
- 10.09%
- 10Y*
- 7.70%
- ALL TIME*
- 6.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$92.92K | CA$95.90K | CA$158.34K | |
| CA$1.16M | CA$1.25M | CA$1.37M |
ZPR.TO vs. CYH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPR.TO BMO Laddered Preferred Share Index ETF | 8.97% | 18.58% | 26.58% | 7.21% | -17.66% | 23.77% | 6.00% | 1.94% | -9.77% | 14.71% |
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 14.27% | 18.78% | 12.28% | 3.85% | -2.46% | 23.39% | -8.70% | 9.23% | -6.21% | 13.17% |
Correlation
The correlation between ZPR.TO and CYH.TO is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2012 | 0.25 |
The correlation between ZPR.TO and CYH.TO shifts across timeframes, from 0.14 (3 years) to 0.29 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPR.TO vs. CYH.TO — Risk / Return Rank
ZPR.TO
CYH.TO
ZPR.TO vs. CYH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Laddered Preferred Share Index ETF (ZPR.TO) and iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.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.
| ZPR.TO | CYH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.41 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 6.39 | 4.42 | +1.98 |
| Martin ratioReturn relative to average drawdown | 36.65 | 16.44 | +20.22 |
Loading charts...
Drawdowns
ZPR.TO vs. CYH.TO - Drawdown Comparison
The maximum ZPR.TO drawdown since its inception was -44.72%, smaller than the maximum CYH.TO drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for ZPR.TO and CYH.TO.
Loading charts...
Drawdown Indicators
| ZPR.TO | CYH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.72% | -61.50% | +16.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -5.34% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -8.75% | -12.12% | +3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.06% | -17.65% | -5.41% |
Max Drawdown (10Y)Largest decline over 10 years | -44.13% | -44.90% | +0.77% |
Current DrawdownCurrent decline from peak | -0.02% | -1.08% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -10.13% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 1.44% | -1.01% |
Volatility
ZPR.TO vs. CYH.TO - Volatility Comparison
The current volatility for BMO Laddered Preferred Share Index ETF (ZPR.TO) is 0.80%, while iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) has a volatility of 3.10%. This indicates that ZPR.TO experiences smaller price fluctuations and is considered to be less risky than CYH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPR.TO | CYH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 3.10% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 7.61% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 10.28% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.30% | 13.40% | -5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.41% | 17.12% | -5.71% |
ZPR.TO vs. CYH.TO - Expense Ratio Comparison
ZPR.TO has a 0.45% expense ratio, which is lower than CYH.TO's 0.66% expense ratio.
Dividends
ZPR.TO vs. CYH.TO - Dividend Comparison
ZPR.TO's dividend yield for the trailing twelve months is around 5.08%, more than CYH.TO's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 3.20% | 3.77% | 4.33% | 4.68% | 4.72% | 3.89% | 4.51% | 4.18% | 3.98% | 3.03% | 3.39% | 3.84% |
ZPR.TO BMO Laddered Preferred Share Index ETF | 5.08% | 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
ZPR.TO and CYH.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR.TO is cheaper with a 0.45% expense ratio, compared with 0.66% for CYH.TO.
ZPR.TO is categorized as Preferred Stock, while CYH.TO is Global Equities. ZPR.TO tracks Solactive Laddered Canadian Preferred Share Index, while CYH.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: BMO and iShares. Their fees differ too: 0.45% for ZPR.TO and 0.66% for CYH.TO.
Find the right allocation for ZPR.TO and CYH.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer