- ISIN
- US26923G8226
- CUSIP
- 26923G822
- Inception Date
- May 15, 2018
- Region
- North America (U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Preferred Stock
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
PFFA Performance Chart
Virtus InfraCap U.S. Preferred Stock ETF (PFFA) is up 2.6% since the beginning of the year. PFFA is currently trading at $21 per share. Investors who bought $1,000 worth of PFFA shares 5 years ago would now be looking at an investment worth $1,350.
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Returns By Period
Virtus InfraCap U.S. Preferred Stock ETF (PFFA) has returned 2.55% so far this year and 11.80% over the past 12 months.
Virtus InfraCap U.S. Preferred Stock ETF
- 1D
- -0.51%
- 1M
- 0.05%
- YTD
- 2.55%
- 6M
- 1.89%
- 1Y
- 11.80%
- 3Y*
- 14.21%
- 5Y*
- 6.18%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PFFA Monthly Returns History
Based on dividend-adjusted daily data since May 16, 2018, PFFA's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +35.4%, while the worst month was Mar 2020 at -46.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PFFA closed higher 54% of trading days. The best single day was Mar 19, 2020 with a return of +51.7%, while the worst single day was Mar 18, 2020 at -40.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.96% | -0.88% | -4.25% | 6.39% | 0.20% | -0.60% | 2.55% | ||||||
| 2025 | 1.55% | 1.00% | -3.36% | -1.91% | -0.06% | 2.70% | 3.80% | 2.01% | 0.76% | -0.83% | 1.27% | 1.21% | 8.22% |
| 2024 | 1.74% | 1.10% | 0.76% | -1.10% | 3.74% | 0.22% | 2.56% | 3.41% | 4.73% | -0.77% | 1.51% | -2.61% | 16.11% |
| 2023 | 17.76% | -1.83% | -5.56% | -0.08% | -2.52% | 7.15% | 2.27% | 1.21% | -2.44% | -4.46% | 7.04% | 7.45% | 26.45% |
| 2022 | -2.23% | -2.44% | 2.56% | -3.44% | 0.35% | -7.56% | 7.46% | -2.27% | -12.10% | -1.14% | 5.12% | -5.91% | -20.91% |
| 2021 | 0.35% | 2.92% | 8.14% | 1.79% | 1.16% | 3.40% | 0.72% | 0.92% | -0.68% | 1.49% | -2.40% | 3.87% | 23.53% |
Benchmark Metrics
Virtus InfraCap U.S. Preferred Stock ETF has an annualized alpha of 1.62%, beta of 0.74, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since May 16, 2018.
- This ETF participated in 99.09% of S&P 500 Index downside but only 78.22% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.20 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.62%
- Beta
- 0.74
- R²
- 0.20
- Upside Capture
- 78.22%
- Downside Capture
- 99.09%
Expense Ratio
PFFA has a high expense ratio of 1.47%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PFFA ranks 45 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Virtus InfraCap U.S. Preferred Stock ETF (PFFA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFFA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.78 | -0.96 |
| Martin ratioReturn relative to average drawdown | 6.05 | 12.44 | -6.38 |
Dividends
Dividend History
Virtus InfraCap U.S. Preferred Stock ETF provided a 9.76% dividend yield over the last twelve months, with an annual payout of $2.06 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.06 | $2.04 | $2.01 | $1.98 | $1.95 | $1.92 | $1.88 | $2.64 | $1.14 |
Dividend yield | 9.76% | 9.47% | 9.18% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus InfraCap U.S. Preferred Stock 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $1.04 | ||||||
| 2025 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $2.04 |
| 2024 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $2.01 |
| 2023 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $1.98 |
| 2022 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $1.95 |
| 2021 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $1.92 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus InfraCap U.S. Preferred Stock 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 Virtus InfraCap U.S. Preferred Stock ETF was 70.52%, occurring on Mar 18, 2020. Recovery took 261 trading sessions.
The current Virtus InfraCap U.S. Preferred Stock ETF drawdown is 2.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -70.52%Mar 2020 | 28d | 1y 13d | 1y 1moFeb 2020 - Mar 2021 |
Bear market2022 | -22.70%Oct 2022 | 9mo 21d | 1y 2mo | 1y 12moJan 2022 - Dec 2023 |
Rate-hike selloffLate 2018 | -16.51%Dec 2018 | 3mo 21d | 2mo 21d | 6mo 12dSep 2018 - Mar 2019 |
2025 selloff2025 | -12.15%Apr 2025 | 5mo 22d | 3mo 29d | 9mo 21dOct 2024 - Aug 2025 |
2026 pullback2026 | -6.49%Mar 2026 | 28d | 28d | 1mo 26dFeb 2026 - Apr 2026 |
Drawdown Indicators
| PFFA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.52% | -56.78% | -13.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -9.10% | +2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.15% | -18.90% | +6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -25.43% | +2.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.00% | -1.80% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -10.71% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.03% | -0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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