- ISIN
- US37954Y6573
- CUSIP
- 37954Y657
- Issuer
- Global X
- Inception Date
- Sep 11, 2017
- Region
- North America (U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofAML Diversified Core U.S. Preferred Securities Index
- Distribution Policy
- Distributing
- Asset Class
- Preferred Stock
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Share Price Chart
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Performance
PFFD Performance Chart
Global X U.S. Preferred ETF (PFFD) is up 2.2% since the beginning of the year. PFFD is currently trading at $19 per share. Investors who bought $1,000 worth of PFFD shares 5 years ago would now be looking at an investment worth $988.
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Returns By Period
Global X U.S. Preferred ETF (PFFD) has returned 2.18% so far this year and 7.82% over the past 12 months.
Global X U.S. Preferred ETF
- 1D
- 0.27%
- 1M
- 0.42%
- YTD
- 2.18%
- 6M
- 2.18%
- 1Y
- 7.82%
- 3Y*
- 5.67%
- 5Y*
- -0.25%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
PFFD Monthly Returns History
Based on dividend-adjusted daily data since Sep 13, 2017, PFFD's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jan 2023 with a return of +11.6%, while the worst month was Mar 2020 at -9.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PFFD closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.3%, while the worst single day was Mar 18, 2020 at -15.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.70% | -0.36% | -3.92% | 4.32% | 0.16% | -0.53% | 2.18% | ||||||
| 2025 | 1.49% | 0.82% | -3.63% | -1.11% | 0.43% | 1.18% | 2.24% | 1.57% | 0.94% | -0.72% | -0.68% | 0.79% | 3.22% |
| 2024 | 3.61% | 0.92% | 0.43% | -3.81% | 3.04% | 0.08% | 0.89% | 3.18% | 3.05% | -1.04% | 0.80% | -3.94% | 7.07% |
| 2023 | 11.62% | -2.82% | -4.54% | 0.89% | -2.74% | 1.11% | 1.48% | -1.41% | -1.44% | -5.30% | 8.69% | 2.46% | 6.85% |
| 2022 | -4.23% | -3.58% | -0.30% | -7.10% | 2.92% | -4.21% | 6.15% | -4.25% | -3.46% | -3.80% | 4.90% | -4.42% | -20.20% |
| 2021 | -1.28% | -1.74% | 2.81% | 1.33% | 0.62% | 1.90% | 0.30% | 0.07% | -0.68% | 1.25% | -2.36% | 2.90% | 5.07% |
Benchmark Metrics
Global X U.S. Preferred ETF has an annualized alpha of -2.17%, beta of 0.39, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since September 13, 2017.
- This ETF participated in 57.94% of S&P 500 Index downside but only 33.44% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.39 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.
- Alpha
- -2.17%
- Beta
- 0.39
- R²
- 0.34
- Upside Capture
- 33.44%
- Downside Capture
- 57.94%
Expense Ratio
PFFD has an expense ratio of 0.23%, which is considered low.
Return for Risk
Risk / Return Rank
PFFD ranks 28 for risk / return — below 28% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X U.S. Preferred ETF (PFFD) 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.
| PFFD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.53 | -1.32 |
| Martin ratioReturn relative to average drawdown | 3.55 | 11.37 | -7.82 |
Dividends
Dividend History
Global X U.S. Preferred ETF provided a 6.38% dividend yield over the last twelve months, with an annual payout of $1.20 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.20 | $1.20 | $1.25 | $1.26 | $1.28 | $1.31 | $1.34 | $1.37 | $1.40 | $0.48 |
Dividend yield | 6.38% | 6.37% | 6.42% | 6.49% | 6.63% | 5.09% | 5.17% | 5.48% | 6.21% | 1.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X U.S. Preferred 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 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.50 | ||||||
| 2025 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.20 |
| 2024 | $0.00 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.21 | $1.25 |
| 2023 | $0.00 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.21 | $1.26 |
| 2022 | $0.00 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.21 | $1.28 |
| 2021 | $0.00 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.22 | $1.31 |
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 Global X U.S. Preferred 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 Global X U.S. Preferred ETF was 30.93%, occurring on Mar 18, 2020. Recovery took 108 trading sessions.
The current Global X U.S. Preferred ETF drawdown is 3.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.93%Mar 2020 | 1mo 5d | 5mo 5d | 6mo 10dFeb 2020 - Aug 2020 |
2023 bear market2023 | -24.45%Oct 2023 | 1y 11mo | — | 4y 7moNov 2021 - now |
Rate-hike selloffLate 2018 | -8.44%Dec 2018 | 3mo 21d | 2mo 5d | 5mo 26dSep 2018 - Feb 2019 |
2018 pullback2018 | -4.25%Feb 2018 | 1mo 29d | 4mo 24d | 6mo 23dDec 2017 - Jul 2018 |
2021 pullback2021 | -3.39%Feb 2021 | 1mo 22d | 1mo 9d | 3mo 1dJan 2021 - Apr 2021 |
Drawdown Indicators
| PFFD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.93% | -56.78% | +25.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.97% | -9.10% | +3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -10.84% | -18.90% | +8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.45% | -25.43% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.78% | -2.34% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -10.72% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.02% | +0.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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