Global X Variable Rate Preferred ETF (PFFV)
PFFV is a passive ETF by Global X tracking the investment results of the ICE U.S. Variable Rate Preferred Securities Index. PFFV launched on Jun 22, 2020 and has a 0.25% expense ratio.
ETF Info
| ISIN | US37954Y3760 |
|---|---|
| CUSIP | 37954Y376 |
| Issuer | Global X |
| Inception Date | Jun 22, 2020 |
| Region | North America (U.S.) |
| Category | Preferred Stock/Convertible Bonds |
| Index Tracked | ICE U.S. Variable Rate Preferred Securities Index |
| Home Page | www.globalxetfs.com |
| Asset Class | Preferred Stock |
Asset Class Size | Micro-Cap |
Asset Class Style | Blend |
Expense Ratio
The Global X Variable Rate Preferred ETF has a high expense ratio of 0.25%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Global X Variable Rate Preferred ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Global X Variable Rate Preferred ETF had a return of 1.31% year-to-date (YTD) and 9.51% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.31% | 6.12% |
| 1 month | -1.73% | -1.08% |
| 6 months | 8.22% | 15.73% |
| 1 year | 9.51% | 22.34% |
| 5 years (annualized) | N/A | 11.82% |
| 10 years (annualized) | N/A | 10.53% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.55% | 0.61% | 0.23% | |||||||||
| 2023 | 0.53% | -3.19% | 5.13% | 1.88% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Global X Variable Rate Preferred ETF(PFFV)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Global X Variable Rate Preferred ETF (PFFV) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Global X Variable Rate Preferred ETF granted a 7.30% dividend yield in the last twelve months. The annual payout for that period amounted to $1.69 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $1.69 | $1.66 | $1.49 | $1.45 | $0.74 |
Dividend yield | 7.30% | 7.17% | 6.60% | 5.23% | 2.68% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.13 | $0.13 | |||||||||
| 2023 | $0.00 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.38 |
| 2022 | $0.00 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.24 |
| 2021 | $0.00 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.24 |
| 2020 | $0.12 | $0.12 | $0.12 | $0.12 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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 18.95%, occurring on May 4, 2023. The portfolio has not yet recovered.
The current Global X Variable Rate Preferred ETF drawdown is 4.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.95% | Nov 9, 2021 | 373 | May 4, 2023 | — | — | — |
| -3.28% | Sep 17, 2020 | 6 | Sep 24, 2020 | 8 | Oct 6, 2020 | 14 |
| -2.8% | Jan 21, 2021 | 25 | Feb 25, 2021 | 9 | Mar 10, 2021 | 34 |
| -2.77% | Jan 4, 2021 | 7 | Jan 12, 2021 | 5 | Jan 20, 2021 | 12 |
| -2.43% | Oct 13, 2020 | 12 | Oct 28, 2020 | 8 | Nov 9, 2020 | 20 |
Volatility
Volatility Chart
The current Global X Variable Rate Preferred ETF volatility is 1.92%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.