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

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

14.38

+0.03 (0.21%)

as of Jul 27, 2026, 7:59:59 pm Market Open.

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Investor Insights

Jul 26, 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 a prominent choice for investors focusing on preferred shares, especially in the context of the Canadian market. With a notable yield of 6.81% over one year and an impressive 34.92% over three years, this ETF has demonstrated strong performance. It primarily invests in two types of preferred shares: fixed-rate and rate resets. Given its heavier weighting towards rate-reset preferreds, this ETF offers a hedge against rising interest rates, as these instruments are designed to adjust based on current GOC 5-year bond yields. The ETF's basket approach enhances liquidity compared to individual preferred shares, making it an attractive investment option for those interested in preferreds.

Consensus

Positive

Valuation

Fair Value

Similar

HPR-T

BUY

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

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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.

Showing 31 to 45 of 57 entries

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