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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) has returned -4.36% so far this year and 0.89% over the past 12 months.
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN
- 1D
- 0.68%
- 1M
- -7.39%
- YTD
- -4.36%
- 6M
- -7.76%
- 1Y
- 0.89%
- 3Y*
- 2.13%
- 5Y*
- -6.10%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Sep 26, 2018, PFFL's average daily return is +0.04%, while the average monthly return is -0.06%.
Historically, 55% of months were positive and 45% were negative. The best month was Jan 2023 with a return of +22.7%, while the worst month was Mar 2020 at -39.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PFFL closed higher 53% of trading days. The best single day was Mar 19, 2020 with a return of +117.0%, while the worst single day was Mar 18, 2020 at -69.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.74% | -0.45% | -7.39% | -4.36% | |||||||||
| 2025 | 1.89% | 1.66% | -6.49% | -2.77% | -0.20% | 3.37% | 3.80% | 4.27% | 0.76% | -2.16% | -1.56% | 0.14% | 2.18% |
| 2024 | 5.69% | 1.32% | 0.54% | -8.32% | 4.96% | -0.47% | 1.10% | 6.62% | 5.52% | -2.93% | -1.05% | -6.98% | 4.77% |
| 2023 | 22.69% | -5.53% | -9.90% | 2.46% | -5.57% | 3.01% | 1.88% | -3.19% | -3.58% | -10.72% | 16.63% | 5.42% | 8.65% |
| 2022 | -8.58% | -7.08% | -0.39% | -13.88% | 6.13% | -9.02% | 12.32% | -9.72% | -7.70% | -8.68% | 10.56% | -8.48% | -39.15% |
| 2021 | -4.37% | -2.28% | 5.94% | 2.04% | 1.22% | 3.42% | 0.23% | -0.05% | -1.35% | 2.43% | -4.93% | 5.66% | 7.52% |
Benchmark Metrics
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN has an annualized alpha of -1.26%, beta of 0.92, and R² of 0.11 versus S&P 500 Index. Calculated based on daily prices since September 27, 2018.
- This ETF participated in 128.73% of S&P 500 Index downside but only 71.09% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.11 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
- -1.26%
- Beta
- 0.92
- R²
- 0.11
- Upside Capture
- 71.09%
- Downside Capture
- 128.73%
Expense Ratio
PFFL has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PFFL ranks 12 for risk / return — in the bottom 12% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) and compare them to a chosen benchmark (S&P 500 Index).
| PFFL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 0.90 | -0.85 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.39 | -1.19 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.40 | -1.41 |
Martin ratioReturn relative to average drawdown | -0.02 | 6.61 | -6.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PFFL risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN provided a 13.68% dividend yield over the last twelve months, with an annual payout of $1.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.05 | $1.09 | $1.26 | $1.36 | $1.45 | $1.68 | $1.89 | $2.84 | $0.44 |
Dividend yield | 13.68% | 13.27% | 13.76% | 13.71% | 13.90% | 8.82% | 9.75% | 11.21% | 2.02% |
Monthly Dividends
The table displays the monthly dividend distributions for ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN. 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 | $0.06 | $0.05 | $0.10 | $0.20 | |||||||||
| 2025 | $0.10 | $0.05 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.13 | $0.04 | $0.10 | $0.14 | $1.09 |
| 2024 | $0.17 | $0.05 | $0.10 | $0.15 | $0.05 | $0.09 | $0.14 | $0.05 | $0.10 | $0.10 | $0.11 | $0.15 | $1.26 |
| 2023 | $0.21 | $0.05 | $0.13 | $0.13 | $0.18 | $0.05 | $0.11 | $0.10 | $0.10 | $0.15 | $0.06 | $0.10 | $1.36 |
| 2022 | $0.19 | $0.07 | $0.12 | $0.12 | $0.17 | $0.06 | $0.12 | $0.18 | $0.06 | $0.12 | $0.12 | $0.11 | $1.45 |
| 2021 | $0.11 | $0.15 | $0.15 | $0.07 | $0.15 | $0.23 | $0.08 | $0.15 | $0.15 | $0.15 | $0.21 | $0.07 | $1.68 |
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 ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN. 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 ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN was 80.68%, occurring on Mar 18, 2020. The portfolio has not yet recovered.
The current ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN drawdown is 41.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.68% | Feb 13, 2020 | 24 | Mar 18, 2020 | — | — | — |
| -15.16% | Oct 1, 2018 | 59 | Dec 24, 2018 | 36 | Feb 15, 2019 | 95 |
| -3.83% | Oct 24, 2019 | 27 | Dec 2, 2019 | 14 | Dec 20, 2019 | 41 |
| -2.98% | Sep 9, 2019 | 5 | Sep 13, 2019 | 6 | Sep 23, 2019 | 11 |
| -1.75% | Apr 8, 2019 | 25 | May 13, 2019 | 3 | May 16, 2019 | 28 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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