ZUP.TO vs. BPRF.TO
ZUP.TO (BMO US Preferred Share Index ETF) and BPRF.TO (Brompton Flaherty & Crumrine Investment Grade Preferred ETF) are both Preferred Stock funds. ZUP.TO is passively managed, while BPRF.TO is actively managed. Over the past 5 years, ZUP.TO returned 1.12%/yr vs 1.59%/yr for BPRF.TO. Their 0.15 correlation means their historical movements had little consistent relationship. ZUP.TO charges 0.50%/yr vs 0.91%/yr for BPRF.TO.
Performance
ZUP.TO vs. BPRF.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 BPRF.TO's 0.13% 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%
BPRF.TO
- 1D
- -0.23%
- 1M
- -2.07%
- 6M
- -0.05%
- YTD
- 0.13%
- 1Y
- 2.41%
- 3Y*
- 7.63%
- 5Y*
- 1.59%
- 10Y*
- —
- ALL TIME*
- 3.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$11.92K | CA$13.60K | CA$80.74K | |
| CA$5.87K | CA$8.06K | CA$11.58K |
ZUP.TO vs. BPRF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZUP.TO BMO US Preferred Share Index ETF | 3.28% | -4.11% | 17.52% | 3.56% | -14.25% | 4.80% | 7.69% | 11.34% | -2.01% |
BPRF.TO Brompton Flaherty & Crumrine Investment Grade Preferred ETF | 0.13% | 4.85% | 11.66% | 6.76% | -13.36% | 3.72% | 5.32% | 16.17% | -4.44% |
Correlation
The correlation between ZUP.TO and BPRF.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. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2018 | 0.15 |
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Return for Risk
ZUP.TO vs. BPRF.TO — Risk / Return Rank
ZUP.TO
BPRF.TO
ZUP.TO vs. BPRF.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 Investment Grade Preferred ETF (BPRF.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 | BPRF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.86 | +0.10 |
| Martin ratioReturn relative to average drawdown | 1.89 | 2.63 | -0.75 |
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Drawdowns
ZUP.TO vs. BPRF.TO - Drawdown Comparison
The maximum ZUP.TO drawdown since its inception was -32.93%, smaller than the maximum BPRF.TO drawdown of -35.50%. Use the drawdown chart below to compare losses from any high point for ZUP.TO and BPRF.TO.
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Drawdown Indicators
| ZUP.TO | BPRF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -35.50% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.76% | -3.17% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -4.71% | -8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.34% | -21.70% | -3.64% |
Current DrawdownCurrent decline from peak | -4.37% | -2.07% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -6.54% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.04% | +1.38% |
Volatility
ZUP.TO vs. BPRF.TO - Volatility Comparison
BMO US Preferred Share Index ETF (ZUP.TO) has a higher volatility of 2.49% compared to Brompton Flaherty & Crumrine Investment Grade Preferred ETF (BPRF.TO) at 1.98%. This indicates that ZUP.TO's price experiences larger fluctuations and is considered to be riskier than BPRF.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 | BPRF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 1.98% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 4.17% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.50% | 5.60% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.81% | 9.39% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 13.70% | +0.67% |
ZUP.TO vs. BPRF.TO - Expense Ratio Comparison
ZUP.TO has a 0.50% expense ratio, which is lower than BPRF.TO's 0.91% expense ratio.
Dividends
ZUP.TO vs. BPRF.TO - Dividend Comparison
ZUP.TO's dividend yield for the trailing twelve months is around 5.58%, less than BPRF.TO's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BPRF.TO Brompton Flaherty & Crumrine Investment Grade Preferred ETF | 5.97% | 5.78% | 5.72% | 6.02% | 5.71% | 4.69% | 4.65% | 4.27% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
ZUP.TO and BPRF.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, 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 0.91% for BPRF.TO.
They also come from different issuers: BMO and Brompton. Their fees differ too: 0.50% for ZUP.TO and 0.91% for BPRF.TO.
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