Global X Variable Rate Preferred ETF (PFFV)

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Global X Variable Rate Preferred ETF (PFFV) is up 2.3% since the beginning of the year. PFFV is currently trading at $22 per share. Investors who bought $1,000 worth of PFFV shares 5 years ago would now be looking at an investment worth $1,099.

Global X Variable Rate Preferred ETF (PFFV) has returned 2.28% so far this year and 4.43% over the past 12 months.

Based on dividend-adjusted daily data since Jun 24, 2020, PFFV's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.

Historically, 58% of months were positive and 42% were negative. The best month was Jan 2023 with a return of +8.2%, while the worst month was Mar 2023 at -5.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PFFV closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +2.8%, while the worst single day was Mar 13, 2023 at -5.2%.

Global X Variable Rate Preferred ETF has an annualized alpha of 0.84%, beta of 0.26, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since June 24, 2020.

• This ETF participated in 40.29% of S&P 500 Index downside but only 28.27% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.26 may look defensive, but with R2 of 0.25 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 0.25 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.

PFFV has an expense ratio of 0.25%, which is considered low.

PFFV ranks 29 for risk / return — below 29% 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.

Global X Variable Rate Preferred ETF provided a 8.17% dividend yield over the last twelve months, with an annual payout of $1.80 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for Global X Variable Rate Preferred 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 Global X Variable Rate 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 Variable Rate Preferred ETF was 18.96%, occurring on May 4, 2023. Recovery took 284 trading sessions.

The current Global X Variable Rate Preferred ETF drawdown is 0.94%.

The chart below shows the rolling one-month volatility.