PFO Alternatives & Similar Mutual Funds

Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) belongs to the Preferred Stock category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PFO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PFO

PFO charges 1.40% annually. There are 16 mutual funds in the Preferred Stock category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
HPF	John Hancock Preferred Income Fund II	0.01%	—	Jan 2005	PFO vs HPF
HPS	John Hancock Preferred Income Fund III	0.01%	—	Jun 2003	PFO vs HPS
HPI	John Hancock Preferred Income Fund	0.01%	—	Aug 2002	PFO vs HPI
JPC	Nuveen Preferred and Income Opportunities Fund	0.01%	—	Mar 2003	PFO vs JPC
LDP	Cohen and Steers Limited Duration Preferred and In...	0.01%	—	May 2012	PFO vs LDP

Best Risk-Adjusted Alternatives to PFO

PFO has a PortfoliosLab risk / return rank of 17. There are 16 mutual funds in the Preferred Stock category with higher risk-adjusted ranks, going as high as 86.

Symbol	Name	Risk / Return Rank	AUM	Inception
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	86	—	Apr 2011	PFO vs DPIIX
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	86	—	Nov 2015	PFO vs LPXZX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	85	—	Feb 2019	PFO vs PISHX
JPDIX	JPMorgan Preferred and Income Securities Fund	83	—	Mar 2022	PFO vs JPDIX
PCSFX	Principal Capital Securities Fund	77	—	Mar 2014	PFO vs PCSFX

Top Performing PFO Alternatives (YTD)

PFO is at 0.83% YTD. There are 15 mutual funds in the Preferred Stock category with higher YTD returns, going as high as 4.67%.

Symbol	Name	YTD Return	AUM	Inception
KIFAX	Salient Select Income Fund	4.67%	—	Mar 2001	PFO vs KIFAX
HPF	John Hancock Preferred Income Fund II	4.06%	—	Jan 2005	PFO vs HPF
HPS	John Hancock Preferred Income Fund III	4.05%	—	Jun 2003	PFO vs HPS
HPI	John Hancock Preferred Income Fund	3.74%	—	Aug 2002	PFO vs HPI
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.24%	—	Feb 2019	PFO vs PISHX

Lowest Volatility Alternatives to PFO

PFO has 7.49% 1-year volatility. There are 12 mutual funds in the Preferred Stock category with lower 1-year volatility, going as low as 1.89%.

Symbol	Name	Volatility 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	1.89%	—	Nov 2015	PFO vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.13%	—	Apr 2011	PFO vs DPIIX
PCSFX	Principal Capital Securities Fund	2.18%	—	Mar 2014	PFO vs PCSFX
ORDNX	North Square Preferred and Income Securities Fund	2.30%	—	Jun 2013	PFO vs ORDNX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.43%	—	Feb 2019	PFO vs PISHX

Lowest Drawdown Alternatives to PFO

PFO has a 1-year max drawdown of -7.47%. There are 14 mutual funds in the Preferred Stock category with shallower 1-year drawdowns, going as shallow as -2.14%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	-2.14%	—	Nov 2015	PFO vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	-2.39%	—	Apr 2011	PFO vs DPIIX
ORDNX	North Square Preferred and Income Securities Fund	-2.66%	—	Jun 2013	PFO vs ORDNX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	-2.83%	—	Feb 2019	PFO vs PISHX
JPDIX	JPMorgan Preferred and Income Securities Fund	-2.92%	—	Mar 2022	PFO vs JPDIX

Other Mutual Funds from Flaherty & Crumrine

The 2 most viewed Flaherty & Crumrine mutual funds shown here include FLC, PFD and span 2 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FLC	Flaherty & Crumrine Total Return Fund Inc	Financials Equities	15	-0.52%	—	Aug 2003	PFO vs FLC
PFD	Flaherty & Crumrine Preferred Income Fund	Preferred Stock	20	-0.63%	—	Jan 1991	PFO vs PFD

Often Compared With PFO

Investors most often compare PFO with PPSIX, NPSRX, CPXIX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PPSIX	Principal Spectrum Preferred and Capital Securitie...	Preferred Stock	53	0.64%	—	Apr 2002	PFO vs PPSIX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock	73	0.35%	—	Dec 2006	PFO vs NPSRX
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	Preferred Stock	77	1.60%	—	May 2010	PFO vs CPXIX
NCV	Virtus Convertible and Income Fund	Convertible Bonds	75	17.13%	—	Mar 2003	PFO vs NCV
FACVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	52	13.96%	—	Feb 2009	PFO vs FACVX
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock	68	1.70%	—	Apr 2015	PFO vs PFINX
CCVIX	Calamos Convertible Fund	Convertible Bonds	70	17.57%	—	Jun 1985	PFO vs CCVIX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	49	13.75%	—	Feb 2009	PFO vs FTCVX
CICVX	Calamos Convertible Fund	Convertible Bonds	72	17.72%	—	Jun 1997	PFO vs CICVX
FCVSX	Fidelity Convertible Securities Fund	Convertible Bonds	23	14.49%	—	Jan 1987	PFO vs FCVSX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	54	14.14%	—	Oct 2018	PFO vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	53	14.07%	—	Feb 2009	PFO vs FICVX
PTA	Cohen & Steers Tax-Advantaged Preferred Securities...	Preferred Stock	6	2.24%	—	—	PFO vs PTA

Compare PFO with Any Fund or Stock

Compare PFO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair PFO with funds that move differently

Flaherty & Crumrine Preferred and Income Opportunity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PFO.

Explore PFO Diversifiers

Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) Alternatives