PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZPR.TO vs. HPR.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZPR.TO vs. HPR.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Laddered Preferred Share Index ETF (ZPR.TO) and Global X Active Preferred Share ETF (HPR.TO).

ZPR.TO and HPR.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZPR.TO is a passively managed fund by BMO that tracks the performance of the Solactive Laddered Canadian Preferred Share Index. It was launched on Jan 24, 2022. HPR.TO is an actively managed fund by Global X. It was launched on Nov 22, 2010.

Performance

ZPR.TO vs. HPR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Laddered Preferred Share Index ETF (ZPR.TO) and Global X Active Preferred Share ETF (HPR.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

ZPR.TO vs. HPR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZPR.TO
BMO Laddered Preferred Share Index ETF		1.93%18.58%26.58%7.21%-17.66%23.77%6.00%2.10%-9.86%14.55%
HPR.TO
Global X Active Preferred Share ETF		-0.16%17.78%27.79%8.31%-19.54%24.30%6.35%2.43%-10.17%15.69%

Returns By Period

In the year-to-date period, ZPR.TO achieves a 1.93% return, which is significantly higher than HPR.TO's -0.16% return. Both investments have delivered pretty close results over the past 10 years, with ZPR.TO having a 8.10% annualized return and HPR.TO not far behind at 7.70%.

ZPR.TO

1D
0.98%
1M
-0.20%
YTD
1.93%
6M
6.73%
1Y
18.43%
3Y*
17.54%
5Y*
8.36%
10Y*
8.10%

HPR.TO

1D
0.00%
1M
-1.62%
YTD
-0.16%
6M
4.38%
1Y
15.05%
3Y*
16.72%
5Y*
7.97%
10Y*
7.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

BMO Laddered Preferred Share Index ETF

Global X Active Preferred Share ETF

Often compared with ZPR.TO:
ZPR.TO vs. RPF.TOZPR.TO vs. VDY.TOZPR.TO vs. CPD.TOZPR.TO vs. XBB.TOZPR.TO vs. SPLT.TOZPR.TO vs. TPRF.TOZPR.TO vs. XPF.TO
Often compared with HPR.TO:
HPR.TO vs. TPRF.TOHPR.TO vs. TINF.TOHPR.TO vs. HLPR.TOHPR.TO vs. RPF.TOHPR.TO vs. XPF.TOHPR.TO vs. CPD.TOHPR.TO vs. CBIL.TO

ZPR.TO vs. HPR.TO - Expense Ratio Comparison

ZPR.TO has a 0.45% expense ratio, which is lower than HPR.TO's 0.64% expense ratio.

HPR.TO
Global X Active Preferred Share ETF
ZPR.TO
BMO Laddered Preferred Share Index ETF

Return for Risk

ZPR.TO vs. HPR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZPR.TO
ZPR.TO Risk / Return Rank: 9191
Overall Rank
ZPR.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
ZPR.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
ZPR.TO Omega Ratio Rank: 9797
Omega Ratio Rank
ZPR.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
ZPR.TO Martin Ratio Rank: 8989
Martin Ratio Rank
HPR.TO
HPR.TO Risk / Return Rank: 8888
Overall Rank
HPR.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
HPR.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
HPR.TO Omega Ratio Rank: 9696
Omega Ratio Rank
HPR.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
HPR.TO Martin Ratio Rank: 8686
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.

ZPR.TO vs. HPR.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 Global X Active Preferred Share ETF (HPR.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.

ZPR.TOHPR.TODifference

Sharpe ratio

Return per unit of total volatility

2.49

2.13

+0.36

Sortino ratio

Return per unit of downside risk

3.00

2.63

+0.37

Omega ratio

Gain probability vs. loss probability

1.63

1.54

+0.09

Calmar ratio

Return relative to maximum drawdown

2.21

2.03

+0.19

Martin ratio

Return relative to average drawdown

11.61

10.44

+1.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPR.TO vs. HPR.TO - Sharpe Ratio Comparison

The current ZPR.TO Sharpe Ratio is 2.49, which is comparable to the HPR.TO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of ZPR.TO and HPR.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

ZPR.TOHPR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.49

2.13

+0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.95

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.65

+0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

—

—

Correlation

The correlation between ZPR.TO and HPR.TO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ZPR.TO vs. HPR.TO - Dividend Comparison

ZPR.TO's dividend yield for the trailing twelve months is around 5.08%, more than HPR.TO's 4.78% yield.

TTM20252024202320222021202020192018201720162015
ZPR.TO
BMO Laddered Preferred Share Index ETF		5.08%4.86%4.93%5.92%5.97%4.66%5.48%5.24%4.70%3.94%4.97%5.32%
HPR.TO
Global X Active Preferred Share ETF		4.78%4.34%4.28%5.56%5.96%4.01%5.12%4.88%4.40%3.89%4.34%4.61%

Drawdowns

ZPR.TO vs. HPR.TO - Drawdown Comparison

The maximum ZPR.TO drawdown since its inception was -44.92%, smaller than the maximum HPR.TO drawdown of -36,103.74%. Use the drawdown chart below to compare losses from any high point for ZPR.TO and HPR.TO.

Loading graphics...

Drawdown Indicators

ZPR.TOHPR.TODifference

Max Drawdown

Largest peak-to-trough decline

-44.92%

-36,103.74%

+36,058.82%

Max Drawdown (1Y)

Largest decline over 1 year

-8.48%

-7.42%

-1.06%

Max Drawdown (5Y)

Largest decline over 5 years

-23.06%

-22.88%

-0.18%

Max Drawdown (10Y)

Largest decline over 10 years

-44.05%

-45.01%

+0.96%

Current Drawdown

Current decline from peak

-0.36%

-35,521.93%

+35,521.57%

Average Drawdown

Average peak-to-trough decline

-9.49%

-21,811.39%

+21,801.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.62%

1.44%

+0.18%

Volatility

ZPR.TO vs. HPR.TO - Volatility Comparison

BMO Laddered Preferred Share Index ETF (ZPR.TO) has a higher volatility of 1.70% compared to Global X Active Preferred Share ETF (HPR.TO) at 1.30%. This indicates that ZPR.TO's price experiences larger fluctuations and is considered to be riskier than HPR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

ZPR.TOHPR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.70%

1.30%

+0.40%

Volatility (6M)

Calculated over the trailing 6-month period

3.39%

3.11%

+0.28%

Volatility (1Y)

Calculated over the trailing 1-year period

7.44%

7.10%

+0.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.33%

8.45%

-0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.56%

11.83%

-0.27%