TSE:CPD

iShares S&P/TSX Preferred ETF (CPD.TO)

14.34
-0.01 (0.07%)
as of Aug 17, 2026, 7:25:34 pm Market Open.
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Investor Insights
star iconAug 16, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

The iShares S&P/TSX Preferred ETF (CPD-T) is recognized as a leading choice for investors interested in preferred shares, boasting a competitive yield of 6.81% over one year and an impressive 34.92% over three years. This ETF primarily tracks the performance of the TSX and contains a mix of fixed rate and rate reset preferreds. The strategy behind favoring rate resets is that it provides a hedge against rising interest rates, making it a more attractive option in a fluctuating economic environment. Experts appreciate the diversified basket approach of this ETF, which enhances liquidity and reduces the risks associated with individual preferred share investments.

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Consensus
Positive
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Valuation
Fair Value
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Similar
HPR-T
BUY

This is his 2nd preferred dividend ETF in Canada after BMO Cdn Div (ZDV-T).

COMMENT
Virtually no volatility with about 3% standard deviation. Very solid long-term holding.
TRADE
Not a huge fan of preferreds, due to interest rate volatility. If the interest rates go up, the preferred share price drops off. But doesn't have a problem with them as a smaller component of a larger portfolio.
BUY
Preferreds are yielding higher is also taxed less, so gives a double bonus.
COMMENT
S&P/TSX Preferred ETF. This is the sort of thing people who like preferreds. Broadly diversified and the income that you get from it is tax preferred. Distributions are sustainable. Yields are quite high right now for dividend paying stocks.
COMMENT
S&P/TSX Preferred ETF. Is there protection from falling markets? He doesn't do much with preferreds although it is a very valid asset class. Preferreds don't give you upside but give you downside if rates go up. If it's a small portion of your portfolio, there's nothing wrong with it.
BUY
S&P/TSX Preferred ETF. Good and stable. Not as sexy as some others.
BUY
S&P/TSX Preferred ETF gives you preferential treatment of tax dividends. On an absolute yield basis, the preferred share market, which is dominated by the banks, has higher yields then corporate bonds.
BUY
78-year-old caller is looking for an ETF that has safety and a bit of growth. The 2 that he likes are the S&P/TSX Preferred ETF (CPD-T) and Cdn Dividend ETF (XDV-T). Both are invested in large cap companies.
BUY
S&P/TSX Preferred ETF. When buying preferred shares ETFs be sure they are in a non-registered account or else you lose the benefit of the dividend tax credit. This is the Canadian market leader and gives you broad diversification in preferred shares.
BUY
Positive on it. Also on XDV. They are similar. This one is quite stable.
BUY
S&P/TSX Preferred ETF. Changing distributions from quarterly to monthly. 5.1% yield. Good for a conservative portfolio.
PAST TOP PICK
(A Top Pick July 9/09. Up 4% excluding dividends.) S&P/TSX Preferred ETF. Still not a bad investment.
PAST TOP PICK
(A Top Pick July 9/09. Up 1.1% excluding dividends.) S&P/TSX Preferred ETF. Gives you quarterly dividends.
BUY
Likes it. Nice yield. 5.3% Yield. It’s hard to trade preferred shares.
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