Preferred-Plus ETF (IPPP)
IPPP is an actively managed ETF by Innovative Portfolios. IPPP launched on Dec 24, 2018 and has a 1.27% expense ratio.
ETF Info
| Issuer | Innovative Portfolios |
|---|---|
| Inception Date | Dec 24, 2018 |
| Region | Global (Broad) |
| Category | Preferred Stock/Convertible Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
IPPP has a high expense ratio of 1.27%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: IPPP vs. PFFA
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Preferred-Plus ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Preferred-Plus ETF had a return of 14.73% year-to-date (YTD) and 22.79% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.73% | 25.70% |
| 1 month | 0.19% | 3.51% |
| 6 months | 9.91% | 14.80% |
| 1 year | 22.79% | 37.91% |
| 5 years (annualized) | N/A | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of IPPP, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.56% | 0.90% | 0.73% | -2.68% | 3.11% | 0.43% | 1.47% | 2.63% | 3.03% | -0.46% | 14.73% | ||
| 2023 | 13.29% | -3.61% | -5.50% | 2.32% | -1.79% | 2.30% | 2.37% | 0.18% | -0.76% | -5.18% | 9.26% | 2.42% | 14.57% |
| 2022 | 4.02% | -5.70% | 0.37% | -7.02% | 8.85% | -5.38% | -7.53% | -1.89% | 7.54% | -7.56% | -14.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of IPPP is 71, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Preferred-Plus ETF provided a 5.21% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.55 | $0.54 | $0.39 |
Dividend yield | 5.21% | 5.68% | 4.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Preferred-Plus ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.44 | |
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.54 |
| 2022 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Preferred-Plus ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Preferred-Plus ETF was 22.25%, occurring on Mar 13, 2023. Recovery took 329 trading sessions.
The current Preferred-Plus ETF drawdown is 0.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.25% | Apr 1, 2022 | 237 | Mar 13, 2023 | 329 | Jul 3, 2024 | 566 |
| -3.02% | Mar 10, 2022 | 3 | Mar 14, 2022 | 3 | Mar 17, 2022 | 6 |
| -2.97% | Jul 22, 2024 | 11 | Aug 5, 2024 | 7 | Aug 14, 2024 | 18 |
| -2.23% | Oct 17, 2024 | 12 | Nov 1, 2024 | — | — | — |
| -1.76% | Sep 24, 2024 | 10 | Oct 7, 2024 | 7 | Oct 16, 2024 | 17 |
Volatility
Volatility Chart
The current Preferred-Plus ETF volatility is 2.19%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.