- ISIN
- US90274E1745
- CUSIP
- 90274E174
- Issuer
- UBS
- Inception Date
- Sep 25, 2018
- Region
- North America (United States)
- Leveraged
- 2x
- Index Tracked
- Solactive Preferred Stock ETF Index
- Distribution Policy
- Distributing
- Asset Class
- Preferred Stock
- Assets Under Management
- $5M
Share Price Chart
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Performance
PFFL Performance Chart
ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) is down 1.7% since the beginning of the year. PFFL is currently trading at $8 per share. Investors who bought $1,000 worth of PFFL shares 5 years ago would now be looking at an investment worth $712.
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Returns By Period
ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) has returned -1.72% so far this year and 5.32% over the past 12 months.
ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN
- 1D
- -1.92%
- 1M
- -1.21%
- YTD
- -1.72%
- 6M
- -2.34%
- 1Y
- 5.32%
- 3Y*
- 4.24%
- 5Y*
- -6.56%
- 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%
PFFL Monthly Returns History
Based on dividend-adjusted daily data since Sep 26, 2018, PFFL's average daily return is +0.04%, while the average monthly return is -0.03%.
Historically, 54% of months were positive and 46% 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% | 6.55% | -0.47% | -3.09% | -1.72% | ||||||
| 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 Monthly Pay 2xLeveraged Preferred Stock ETN has an annualized alpha of -2.35%, beta of 0.92, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since September 26, 2018.
- This ETF participated in 129.46% of S&P 500 Index downside but only 68.30% 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
- -2.35%
- Beta
- 0.92
- R²
- 0.11
- Upside Capture
- 68.30%
- Downside Capture
- 129.46%
Expense Ratio
PFFL has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PFFL ranks 13 for risk / return — in the bottom 13% 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 Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) 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.
| PFFL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.37 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.78 | -2.34 |
| Martin ratioReturn relative to average drawdown | 1.04 | 12.44 | -11.40 |
Dividends
Dividend History
ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN provided a 13.11% dividend yield over the last twelve months, with an annual payout of $1.01 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.01 | $1.09 | $1.26 | $1.36 | $1.45 | $1.68 | $1.89 | $2.84 | $0.44 |
Dividend yield | 13.11% | 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 Monthly Pay 2xLeveraged Preferred Stock 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 | $0.04 | $0.08 | $0.11 | $0.43 | ||||||
| 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 Monthly Pay 2xLeveraged Preferred Stock 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 Monthly Pay 2xLeveraged Preferred Stock ETN was 80.68%, occurring on Mar 18, 2020. The portfolio has not yet recovered.
The current ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN drawdown is 39.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -80.68%Mar 2020 | 1mo 4d | — | 6y 4moFeb 2020 - now |
Rate-hike selloffLate 2018 | -15.16%Dec 2018 | 2mo 24d | 1mo 23d | 4mo 17dOct 2018 - Feb 2019 |
2019 pullback2019 | -3.83%Dec 2019 | 1mo 9d | 18d | 1mo 27dOct 2019 - Dec 2019 |
2019 pullback2019 | -2.98%Sep 2019 | 4d | 10d | 14dSep 2019 - Sep 2019 |
2019 pullback2019 | -1.75%May 2019 | 1mo 5d | 3d | 1mo 8dApr 2019 - May 2019 |
Drawdown Indicators
| PFFL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.68% | -56.78% | -23.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -9.10% | -2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -23.75% | -18.90% | -4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -48.51% | -25.43% | -23.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -39.45% | -1.80% | -37.65% |
Average DrawdownAverage peak-to-trough decline | -28.58% | -10.71% | -17.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 2.03% | +3.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with PFFL
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