- ISIN
- US92189F4292
- CUSIP
- 92189F429
- Issuer
- VanEck
- Inception Date
- Jul 16, 2012
- Region
- North America (U.S.)
- Category
- Preferred Stock
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Preferred Stock
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 774K
- Avg. Volume Value (1M)
- $13.64M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PFXF Performance Chart
VanEck Preferred Securities ex Financials ETF (PFXF) is up 4.4% since the beginning of the year. PFXF is currently trading at $18 per share. Investors who bought $1,000 worth of PFXF shares 5 years ago would now be looking at an investment worth $1,167.
Loading charts...
Compare this symbol against anything
Returns By Period
VanEck Preferred Securities ex Financials ETF (PFXF) has returned 4.43% so far this year and 9.79% over the past 12 months. Over the last ten years, PFXF has returned 4.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
VanEck Preferred Securities ex Financials ETF
- 1D
- 2.10%
- 1M
- 1.13%
- 6M
- 1.23%
- YTD
- 4.43%
- 1Y
- 9.79%
- 3Y*
- 8.72%
- 5Y*
- 3.13%
- 10Y*
- 4.73%
- ALL TIME*
- 5.36%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
PFXF Monthly Returns History
Based on dividend-adjusted daily data since Jul 19, 2012, PFXF's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 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% | -5.43% | -0.85% | 2.10% | 4.43% | ||||
| 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 Preferred Securities ex Financials ETF has an annualized alpha of -0.24%, beta of 0.45, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since July 19, 2012.
- This ETF participated in 57.24% of S&P 500 Index downside but only 43.05% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.45 may look defensive, but with R2 of 0.42 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 0.42 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
- -0.24%
- Beta
- 0.45
- R²
- 0.42
- Upside Capture
- 43.05%
- Downside Capture
- 57.24%
Expense Ratio
PFXF has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PFXF ranks 36 for risk / return — above 36% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for VanEck Preferred Securities ex Financials ETF (PFXF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFXF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.41 | -1.19 |
| Martin ratioReturn relative to average drawdown | 3.58 | 10.22 | -6.64 |
Dividends
Dividend History
VanEck Preferred Securities ex Financials ETF provided a 6.56% dividend yield over the last twelve months, with an annual payout of $1.17 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.17 | $1.19 | $1.35 | $1.35 | $1.13 | $1.02 | $1.07 | $1.08 | $1.16 | $1.17 | $1.12 | $1.15 |
Dividend yield | 6.56% | 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 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 | $0.11 | $0.09 | $0.58 | ||||
| 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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck 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 Preferred Securities ex Financials ETF was 35.49%, occurring on Mar 18, 2020. Recovery took 164 trading sessions.
The current VanEck Preferred Securities ex Financials ETF drawdown is 4.70%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-35.49%Mar 2020 | 1mo 11d | 7mo 26d | 9mo 7dFeb 2020 - Nov 2020 | COVID crash2020 |
-21.80%Oct 2022 | 9mo 21d | 1y 11mo | 2y 8moJan 2022 - Sep 2024 | Bear market2022 |
-11.90%Apr 2025 | 5mo 22d | 2mo 27d | 8mo 19dOct 2024 - Jul 2025 | 2025 selloff2025 |
-10.73%Dec 2018 | 3mo 26d | 2mo | 5mo 26dAug 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
-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 | -8.04% | -9.10% | +1.06% |
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 | -4.70% | -0.12% | -4.58% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -10.70% | +6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.14% | +0.60% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PFXF
Add VanEck Preferred Securities ex Financials ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PFXF