- ISIN
- US92189F4292
- CUSIP
- 92189F429
- Issuer
- VanEck
- Inception Date
- Jul 16, 2012
- Region
- North America (U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- Wells Fargo Hybrid and Preferred Securities ex Financials Index
- Distribution Policy
- Distributing
- Asset Class
- Preferred Stock
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $3B
Share Price Chart
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Performance
PFXF Performance Chart
VanEck Vectors Preferred Securities ex Financials ETF (PFXF) is up 8.5% since the beginning of the year. PFXF is currently trading at $19 per share. Investors who bought $1,000 worth of PFXF shares 5 years ago would now be looking at an investment worth $1,245.
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Returns By Period
VanEck Vectors Preferred Securities ex Financials ETF (PFXF) has returned 8.54% so far this year and 18.28% over the past 12 months. Over the last ten years, PFXF has returned 5.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
VanEck Vectors Preferred Securities ex Financials ETF
- 1D
- -0.95%
- 1M
- 2.21%
- YTD
- 8.54%
- 6M
- 9.54%
- 1Y
- 18.28%
- 3Y*
- 10.30%
- 5Y*
- 4.48%
- 10Y*
- 5.44%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
PFXF Monthly Returns History
Based on dividend-adjusted daily data since Jul 19, 2012, PFXF's average daily return is +0.03%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +11.4%, while the worst month was Mar 2020 at -14.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PFXF closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +10.1%, while the worst single day was Mar 18, 2020 at -18.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.51% | 0.60% | -3.86% | 5.96% | 2.84% | -0.50% | 8.54% | ||||||
| 2025 | 0.99% | 0.03% | -3.21% | -0.08% | 2.28% | 1.87% | 2.98% | 1.26% | 1.26% | -0.03% | 0.06% | 1.96% | 9.64% |
| 2024 | 2.33% | 1.42% | 0.03% | -3.06% | 3.89% | -1.33% | 0.34% | 3.68% | 3.31% | -1.26% | 0.86% | -1.81% | 8.42% |
| 2023 | 9.87% | -1.86% | -1.47% | 0.47% | -1.60% | 3.40% | 0.29% | 0.02% | -3.13% | -5.17% | 8.36% | 2.54% | 11.20% |
| 2022 | -4.94% | -2.72% | 2.41% | -6.41% | 2.25% | -6.67% | 6.40% | -3.43% | -6.15% | -1.44% | 4.23% | -3.14% | -18.83% |
| 2021 | -1.22% | -1.17% | 4.27% | 1.44% | 0.43% | 1.54% | 1.44% | 0.72% | -1.44% | 3.01% | -2.50% | 4.80% | 11.61% |
Benchmark Metrics
VanEck Vectors Preferred Securities ex Financials ETF has an annualized alpha of 0.12%, beta of 0.45, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since July 20, 2012.
- This ETF participated in 54.42% of S&P 500 Index downside but only 42.75% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.45 may look defensive, but with R2 of 0.41 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 0.41 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.12%
- Beta
- 0.45
- R²
- 0.41
- Upside Capture
- 42.75%
- Downside Capture
- 54.42%
Expense Ratio
PFXF has an expense ratio of 0.41%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PFXF ranks 64 for risk / return — better than 64% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Vectors Preferred Securities ex Financials ETF (PFXF) and compare them to S&P 500 Index.
| PFXF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 2.93 | +0.22 |
| Martin ratioReturn relative to average drawdown | 11.08 | 13.52 | -2.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
VanEck Vectors Preferred Securities ex Financials ETF provided a 6.08% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.19 | $1.35 | $1.35 | $1.13 | $1.02 | $1.07 | $1.08 | $1.16 | $1.17 | $1.12 | $1.15 |
Dividend yield | 6.08% | 6.72% | 7.82% | 7.88% | 6.74% | 4.66% | 5.19% | 5.35% | 6.56% | 5.93% | 5.81% | 5.99% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Vectors Preferred Securities ex Financials 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.05 | $0.10 | $0.08 | $0.10 | $0.06 | $0.38 | ||||||
| 2025 | $0.00 | $0.04 | $0.06 | $0.14 | $0.09 | $0.10 | $0.10 | $0.07 | $0.13 | $0.11 | $0.17 | $0.18 | $1.19 |
| 2024 | $0.00 | $0.06 | $0.09 | $0.17 | $0.00 | $0.11 | $0.12 | $0.08 | $0.11 | $0.10 | $0.07 | $0.44 | $1.35 |
| 2023 | $0.00 | $0.05 | $0.06 | $0.22 | $0.00 | $0.14 | $0.16 | $0.06 | $0.15 | $0.11 | $0.08 | $0.33 | $1.35 |
| 2022 | $0.00 | $0.05 | $0.13 | $0.14 | $0.00 | $0.13 | $0.09 | $0.05 | $0.12 | $0.10 | $0.07 | $0.24 | $1.13 |
| 2021 | $0.00 | $0.04 | $0.08 | $0.07 | $0.00 | $0.11 | $0.10 | $0.06 | $0.12 | $0.09 | $0.06 | $0.29 | $1.02 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Vectors Preferred Securities ex Financials 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 VanEck Vectors Preferred Securities ex Financials ETF was 35.49%, occurring on Mar 18, 2020. Recovery took 164 trading sessions.
The current VanEck Vectors Preferred Securities ex Financials ETF drawdown is 0.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -35.49%Mar 2020 | 1mo 11d | 7mo 26d | 9mo 7dFeb 2020 - Nov 2020 |
Bear market2022 | -21.80%Oct 2022 | 9mo 21d | 1y 11mo | 2y 8moJan 2022 - Sep 2024 |
2025 selloff2025 | -11.90%Apr 2025 | 5mo 22d | 2mo 27d | 8mo 19dOct 2024 - Jul 2025 |
Rate-hike selloffLate 2018 | -10.73%Dec 2018 | 3mo 26d | 2mo | 5mo 26dAug 2018 - Feb 2019 |
2013 pullback2013 | -9.71%Aug 2013 | 2mo 29d | 6mo 13d | 9mo 12dMay 2013 - Feb 2014 |
Drawdown Indicators
| PFXF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -56.78% | +21.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -9.10% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -11.90% | -18.90% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | -25.43% | +3.63% |
Max Drawdown (10Y)Largest decline over 10 years | -35.49% | -33.92% | -1.57% |
Current DrawdownCurrent decline from peak | -0.95% | -0.74% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -10.72% | +6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.97% | -0.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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