A side-by-side comparison of Global X Active Hybrid Bond and Preferred Share ETF Common (HFP) and BMO Laddered Preferred Share Index ETF (ZPR) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | HFP | ZPR |
|---|---|---|
| YTD Return | 0.00% | +6.46%✓ |
| 1-Day Change | 0.00% | +0.34%✓ |
| 1-Week Change | — | +0.69% |
| 1-Month Change | — | +0.92% |
| Current Price | $10.88 | $13.11 |
| AUM | $79M | $1.64B✓ |
| MER (Expense Ratio) | 0.55% | 0%✓ |
| Dividend Yield | 4.70% | 5.09%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2013-10-01 | 2012-11-14 |
| Holdings Count | 2 | 3 |
| MorningStar Rating | ★★★★ | ★★★★ |
| Category | Preferred Share Fixed Income | Preferred Share Fixed Income |
| Beta | 1.14 | 1.06 |
| 52-Week High | $11.35 | $13.11 |
| 52-Week Low | $10.32 | $11.18 |
| 50-Day MA | $8.78 | $12.93 |
| 200-Day MA | $7.97 | $12.55 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | HFP | ZPR |
|---|---|---|
| YTD | +0.00% | +6.46%✓ |
| 1 Year | +14.91% | +16.46%✓ |
| 3 Year | +19.67% | +20.18%✓ |
| 5 Year | +8.57%✓ | +8.43% |
| 10 Year | +8.17%✓ | +7.94% |
| 1Y Volatility | 3.16% | 3.53% |
| Sharpe Ratio (3Y) | 1.77 | 1.61 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | IAF | iA Financial Corp 4.3 % Non Cum Pfd -A- Series -G- | 1.88% |
| 2 | PPL | Pembina Pipeline Corp Cum Red Pfd Shs -A- Series -9 | 1.77% |
| 1 | BCE | BCE Inc Cum Red 1st Pfd Registered Shs Series -AK- | 2.46% |
| 2 | BN | Brookfield Corp Cum Pfd Registered Shs -A- Series -24- | 1.49% |
| 3 | FTS | Fortis Inc Cum Red 1st Pref Shs Series -M- | 1.44% |
Sector Weights
| Sector | HFP | ZPR |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About HFP
The investment objective of Horizons HFP is to generate income consistent with prevailing short-term preferred share yields while reducing the potential effects of interest rate fluctuations on Horizons HFP. Horizons HFP invests primarily in preferred shares (including securities convertible into preferred shares) of Canadian companies and may also invest in preferred shares of companies located in the United States, debt (including debt-like securities) of Canadian and U.S. issuers, including o…
About ZPR
The BMO Laddered Preferred Share Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Laddered Canadian Preferred Share Index, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.
Which ETF is Right for You?
Both HFP and ZPR are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZPR scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between HFP and ZPR?
HFP (Global X Active Hybrid Bond and Preferred Share ETF Common) and ZPR (BMO Laddered Preferred Share Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($79M vs $1.64B), dividend yield (4.70% vs 5.09%), and year-to-date performance (0.00% vs +6.46%).
Is HFP better than ZPR?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy HFP and ZPR on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both HFP and ZPR should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
7 stocks to buy and hold forever
Complement your ETF portfolio with these proven long-term individual stocks.
Get the FREE Report