PFO Alternatives & Similar Mutual Funds

Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) belongs to the Preferred Stock/Convertible Bonds 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 26 mutual funds in the Preferred Stock/Convertible Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
HPI	John Hancock Preferred Income Fund	0.01%	—	Aug 2002	PFO vs HPI
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
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 14. There are 25 mutual funds in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
CICVX	Calamos Convertible Fund	90	—	Jun 1997	PFO vs CICVX
CCVIX	Calamos Convertible Fund	90	—	Jun 1985	PFO vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	87	—	Oct 2018	PFO vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	87	—	Feb 2009	PFO vs FICVX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	87	—	Apr 2011	PFO vs DPIIX

Top Performing PFO Alternatives (YTD)

PFO is at 0.15% YTD. There are 29 mutual funds in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 27.00%.

Symbol	Name	YTD Return	AUM	Inception
CICVX	Calamos Convertible Fund	27.00%	—	Jun 1997	PFO vs CICVX
CCVIX	Calamos Convertible Fund	26.89%	—	Jun 1985	PFO vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	24.09%	—	Oct 2018	PFO vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	24.00%	—	Feb 2009	PFO vs FICVX
FCVSX	Fidelity Convertible Securities Fund	23.99%	—	Jan 1987	PFO vs FCVSX

Lowest Volatility Alternatives to PFO

PFO has 7.36% 1-year volatility. There are 12 mutual funds in the Preferred Stock/Convertible Bonds category with lower 1-year volatility, going as low as 1.87%.

Symbol	Name	Volatility 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	1.87%	—	Nov 2015	PFO vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.14%	—	Apr 2011	PFO vs DPIIX
PCSFX	Principal Capital Securities Fund	2.14%	—	Mar 2014	PFO vs PCSFX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	2.41%	—	Apr 2002	PFO vs PPSIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.41%	—	Feb 2019	PFO vs PISHX

Lowest Drawdown Alternatives to PFO

PFO has a 1-year max drawdown of -7.47%. There are 20 mutual funds in the Preferred Stock/Convertible Bonds 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
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
PCSFX	Principal Capital Securities Fund	-2.97%	—	Mar 2014	PFO vs PCSFX

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	11	-1.76%	—	Aug 2003	PFO vs FLC
PFD	Flaherty & Crumrine Preferred Income Fund	Preferred Stock/Convertible Bonds	20	0.18%	—	Jan 1991	PFO vs PFD

Often Compared With PFO

Investors most often compare PFO with CPXIX, NPSRX, FACVX. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	Preferred Stock/Convertible Bonds	79	1.90%	—	May 2010	PFO vs CPXIX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	73	0.60%	—	Dec 2006	PFO vs NPSRX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	Preferred Stock/Convertible Bonds	87	23.85%	—	Feb 2009	PFO vs FACVX
NCV	Virtus Convertible and Income Fund	Preferred Stock/Convertible Bonds	85	21.00%	—	Mar 2003	PFO vs NCV
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock/Convertible Bonds	73	2.23%	—	Apr 2015	PFO vs PFINX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Preferred Stock/Convertible Bonds	86	23.71%	—	Feb 2009	PFO vs FTCVX

Compare PFO with Any Fund or Stock

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

Symbol name

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