iShares Preferred and Income Securities ETF (PFF)

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iShares Preferred and Income Securities ETF (PFF) is up 1.9% since the beginning of the year. PFF is currently trading at $31 per share. Investors who bought $1,000 worth of PFF shares 5 years ago would now be looking at an investment worth $1,066.

iShares Preferred and Income Securities ETF (PFF) has returned 1.87% so far this year and 7.87% over the past 12 months. Over the last ten years, PFF has returned 3.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.33% annually.

Based on dividend-adjusted daily data since Mar 30, 2007, PFF's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.

Historically, 62% of months were positive and 38% were negative. The best month was Mar 2009 with a return of +20.6%, while the worst month was Feb 2009 at -25.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PFF closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +19.2%, while the worst single day was Mar 18, 2020 at -17.0%.

iShares Preferred and Income Securities ETF has an annualized alpha of -0.30%, beta of 0.55, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since April 02, 2007.

• This ETF participated in 66.56% of S&P 500 Index downside but only 50.20% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.55 may look defensive, but with R2 of 0.34 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.34 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

PFF has an expense ratio of 0.46%, placing it in the medium range.

PFF ranks 33 for risk / return — below 33% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) and compare them to S&P 500 Index.

iShares Preferred and Income Securities ETF provided a 5.53% dividend yield over the last twelve months, with an annual payout of $1.71 per share.

The table displays the monthly dividend distributions for iShares Preferred and Income Securities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the iShares Preferred and Income Securities 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 iShares Preferred and Income Securities ETF was 65.55%, occurring on Mar 6, 2009. Recovery took 349 trading sessions.

The current iShares Preferred and Income Securities ETF drawdown is 2.12%.

The chart below shows the rolling one-month volatility.