ZUP.TO vs. BEPR.TO
ZUP.TO (BMO US Preferred Share Index ETF) and BEPR.TO (Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF) are both Preferred Stock funds. ZUP.TO is passively managed, while BEPR.TO is actively managed. Over the past 5 years, ZUP.TO returned 1.12%/yr vs 1.03%/yr for BEPR.TO. Their 0.15 correlation means their historical movements had little consistent relationship. ZUP.TO charges 0.50%/yr vs 1.20%/yr for BEPR.TO.
Performance
ZUP.TO vs. BEPR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZUP.TO achieves a 3.28% return, which is significantly higher than BEPR.TO's -0.79% return.
ZUP.TO
- 1D
- -0.15%
- 1M
- -2.54%
- 6M
- 1.65%
- YTD
- 3.28%
- 1Y
- 3.67%
- 3Y*
- 7.79%
- 5Y*
- 1.12%
- 10Y*
- —
- ALL TIME*
- 3.10%
BEPR.TO
- 1D
- -0.47%
- 1M
- -0.94%
- 6M
- -0.46%
- YTD
- -0.79%
- 1Y
- 3.37%
- 3Y*
- 9.45%
- 5Y*
- 1.03%
- 10Y*
- 4.30%
- ALL TIME*
- 4.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$34.64K | CA$24.35K | CA$34.21K | |
| CA$5.87K | CA$8.06K | CA$11.58K |
ZUP.TO vs. BEPR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZUP.TO BMO US Preferred Share Index ETF | 3.28% | -4.11% | 17.52% | 3.56% | -14.25% | 4.80% | 7.69% | 11.34% | 1.93% | 0.85% |
BEPR.TO Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF | -0.79% | 6.68% | 14.36% | 6.62% | -19.22% | 8.37% | 0.94% | 32.29% | -12.67% | 14.32% |
Correlation
The correlation between ZUP.TO and BEPR.TO is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2017 | 0.15 |
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Return for Risk
ZUP.TO vs. BEPR.TO — Risk / Return Rank
ZUP.TO
BEPR.TO
ZUP.TO vs. BEPR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO US Preferred Share Index ETF (ZUP.TO) and Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF (BEPR.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.
| ZUP.TO | BEPR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.05 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.46 | +0.50 |
| Martin ratioReturn relative to average drawdown | 1.89 | 1.46 | +0.43 |
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Drawdowns
ZUP.TO vs. BEPR.TO - Drawdown Comparison
The maximum ZUP.TO drawdown since its inception was -32.93%, smaller than the maximum BEPR.TO drawdown of -69.85%. Use the drawdown chart below to compare losses from any high point for ZUP.TO and BEPR.TO.
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Drawdown Indicators
| ZUP.TO | BEPR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -69.85% | +36.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.76% | -4.84% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -6.15% | -6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.34% | -27.03% | +1.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.41% | — |
Current DrawdownCurrent decline from peak | -4.37% | -2.02% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -12.44% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.52% | +0.90% |
Volatility
ZUP.TO vs. BEPR.TO - Volatility Comparison
The current volatility for BMO US Preferred Share Index ETF (ZUP.TO) is 2.49%, while Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF (BEPR.TO) has a volatility of 2.66%. This indicates that ZUP.TO experiences smaller price fluctuations and is considered to be less risky than BEPR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZUP.TO | BEPR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 2.66% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 6.14% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 8.32% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.81% | 11.72% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 16.10% | -1.73% |
ZUP.TO vs. BEPR.TO - Expense Ratio Comparison
ZUP.TO has a 0.50% expense ratio, which is lower than BEPR.TO's 1.20% expense ratio.
Dividends
ZUP.TO vs. BEPR.TO - Dividend Comparison
ZUP.TO's dividend yield for the trailing twelve months is around 5.58%, less than BEPR.TO's 9.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEPR.TO Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF | 9.02% | 9.28% | 9.19% | 9.58% | 9.26% | 6.87% | 6.37% | 6.70% | 9.17% | 7.43% | 8.31% | 9.40% |
ZUP.TO BMO US Preferred Share Index ETF | 5.58% | 6.51% | 5.82% | 6.88% | 6.33% | 5.28% | 5.81% | 5.52% | 5.29% | 5.14% | 0.00% | 0.00% |
Frequently Asked Questions
ZUP.TO and BEPR.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZUP.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZUP.TO is cheaper with a 0.50% expense ratio, compared with 1.20% for BEPR.TO.
They also come from different issuers: BMO and Brompton. Their fees differ too: 0.50% for ZUP.TO and 1.20% for BEPR.TO.
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