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Global X Variable Rate Preferred ETF (PFFV) Sharpe Ratio: 1.05

ETF · Currency in USD · Last updated Jun 23, 2026

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.

PFFV's Sharpe Ratio of 1.05 indicates that for each unit of volatility, it generates 1.05 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PFFV Sharpe Ratio Rank

PFFV Sharpe Ratio Rank: 30.030
Below Average

PFFV ranks above 30.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

PFFV Sharpe Ratio Market Positioning

The chart shows PFFV's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.31+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Variable Rate Preferred ETF's Sharpe Ratio with other ETFs in the Preferred Stock/Convertible Bonds category across multiple time periods, showing how PFFV's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FCVTFirst Trust SSI Strategic Convertible Securities ETF2.81
ICVTiShares Convertible Bond ETF2.81
CWBSPDR Bloomberg Barclays Convertible Securities ETF2.60
NPFINuveen Preferred And Income ETF2.48
PRFDPIMCO Preferred And Capital Securities Active Exchange-Traded Fund2.29
JHPIJohn Hancock Preferred Income ETF2.18
VRPInvesco Variable Rate Preferred ETF2.17
FPEIFirst Trust Institutional Preferred Securities & Income ETF2.14
PQDIPrincipal Spectrum Preferred and Income ETF2.06
CSPFCohen & Steers Preferred and Income Opportunities Active ETF2.06
PFFVGlobal X Variable Rate Preferred ETF1.05

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PFFV's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PFFV consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PFFV fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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