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Flaherty & Crumrine Preferred Income Fund (PFD) Sharpe Ratio: 1.33

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

A closed-end fund that invests at least 80% of its managed assets in preferred and other income-producing securities, with a focus on the financial services sector. Managed by Flaherty & Crumrine.

PFD's Sharpe Ratio of 1.33 indicates that for each unit of volatility, it generates 1.33 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

PFD Sharpe Ratio Rank

PFD Sharpe Ratio Rank: 21.221
Below Average

PFD ranks above 21.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

PFD Sharpe Ratio Market Positioning

The chart shows PFD's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Flaherty & Crumrine Preferred Income Fund's Sharpe Ratio with other mutual funds in the Preferred Stock/Convertible Bonds category across multiple time periods, showing how PFD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DPIIXDestra Flaherty & Crumrine Preferred and Income Fund3.88
PISHXCohen & Steers Preferred Securities and Income SMA Shares3.74
CPXIXCohen & Steers Preferred Securities and Income Fund, Inc.3.44
LPXZXCohen & Steers Low Duration Preferred and Income Fund3.42
PCSFXPrincipal Capital Securities Fund3.39
CICVXCalamos Convertible Fund3.12
CCVIXCalamos Convertible Fund3.10
FIQVXFidelity Advisor Convertible Securities Fund Class Z3.03
FICVXFidelity Advisor Convertible Securities Fund Class I3.01
FACVXFidelity Advisor Convertible Securities Fund Class A2.99
PFDFlaherty & Crumrine Preferred Income Fund1.33

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PFD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PFD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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