Principal Spectrum Preferred Secs Active ETF (PREF)

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The chart shows the growth of an initial investment of $10,000 in Principal Spectrum Preferred Secs Active ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Principal Spectrum Preferred Secs Active ETF (PREF) has returned -0.46% so far this year and 5.77% over the past 12 months.

Based on dividend-adjusted daily data since Jul 26, 2017, PREF's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, your investment would double in approximately 16.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +8.8%, while the worst month was Mar 2020 at -13.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PREF closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +3.5%, while the worst single day was Mar 18, 2020 at -9.4%.

Principal Spectrum Preferred Secs Active ETF has an annualized alpha of 2.49%, beta of 0.13, and R² of 0.15 versus S&P 500 Index. Calculated based on daily prices since July 27, 2017.

• This ETF participated in 34.43% of S&P 500 Index downside but only 26.99% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.13 may look defensive, but with R² of 0.15 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 0.15 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PREF has an expense ratio of 0.55%, placing it in the medium range.

PREF ranks 80 for risk / return — in the top 80% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Principal Spectrum Preferred Secs Active ETF (PREF) and compare them to a chosen benchmark (S&P 500 Index).

Principal Spectrum Preferred Secs Active ETF provided a 5.01% dividend yield over the last twelve months, with an annual payout of $0.94 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Principal Spectrum Preferred Secs Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Principal Spectrum Preferred Secs Active 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 Principal Spectrum Preferred Secs Active ETF was 22.99%, occurring on Mar 19, 2020. Recovery took 110 trading sessions.

The current Principal Spectrum Preferred Secs Active ETF drawdown is 1.96%.

The chart below shows the rolling one-month volatility.