ARLP vs. PFLD
ARLP (Alliance Resource Partners, L.P.) is a stock, while PFLD (AAM Low Duration Preferred and Income Securities ETF 144A) is Preferred Stock fund tracking the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. Over the past 5 years, ARLP returned 40.15%/yr vs 0.83%/yr for PFLD. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
ARLP vs. PFLD - Performance Comparison
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Returns By Period
In the year-to-date period, ARLP achieves a 17.26% return, which is significantly higher than PFLD's 2.63% return.
ARLP
- 1D
- -0.92%
- 1M
- 8.99%
- 6M
- 14.36%
- YTD
- 17.26%
- 1Y
- 7.41%
- 3Y*
- 21.62%
- 5Y*
- 40.15%
- 10Y*
- 13.40%
- ALL TIME*
- 15.58%
PFLD
- 1D
- 0.05%
- 1M
- -0.31%
- 6M
- 1.39%
- YTD
- 2.63%
- 1Y
- 5.07%
- 3Y*
- 4.12%
- 5Y*
- 0.83%
- 10Y*
- —
- ALL TIME*
- 2.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.60M | $5.99M | $7.50M | |
| $1.21M | $1.10M | $1.21M |
ARLP vs. PFLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 17.26% | -2.45% | 39.91% | 18.83% | 73.34% | 195.75% | -56.80% | -7.36% |
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 2.63% | 1.44% | 5.48% | 8.16% | -12.73% | 4.49% | 5.34% | 0.86% |
Correlation
The correlation between ARLP and PFLD is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | 0.16 |
The correlation between ARLP and PFLD shifts across timeframes, from -0.06 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ARLP vs. PFLD — Risk / Return Rank
ARLP
PFLD
ARLP vs. PFLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alliance Resource Partners, L.P. (ARLP) and AAM Low Duration Preferred and Income Securities ETF 144A (PFLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ARLP | PFLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 2.31 | -1.84 |
| Martin ratioReturn relative to average drawdown | 0.91 | 10.68 | -9.77 |
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Drawdowns
ARLP vs. PFLD - Drawdown Comparison
The maximum ARLP drawdown since its inception was -90.52%, which is greater than PFLD's maximum drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for ARLP and PFLD.
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Drawdown Indicators
| ARLP | PFLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.52% | -33.20% | -57.32% |
Max Drawdown (1Y)Largest decline over 1 year | -16.92% | -2.23% | -14.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.83% | -6.41% | -14.42% |
Max Drawdown (5Y)Largest decline over 5 years | -29.13% | -15.51% | -13.62% |
Max Drawdown (10Y)Largest decline over 10 years | -85.26% | — | — |
Current DrawdownCurrent decline from peak | -8.33% | -0.41% | -7.92% |
Average DrawdownAverage peak-to-trough decline | -24.27% | -4.08% | -20.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.61% | 0.48% | +8.13% |
Volatility
ARLP vs. PFLD - Volatility Comparison
Alliance Resource Partners, L.P. (ARLP) has a higher volatility of 5.29% compared to AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) at 0.59%. This indicates that ARLP's price experiences larger fluctuations and is considered to be riskier than PFLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARLP | PFLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 0.59% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.91% | 2.26% | +14.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.98% | 3.23% | +19.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.69% | 7.50% | +25.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.67% | 13.22% | +36.45% |
Dividends
ARLP vs. PFLD - Dividend Comparison
ARLP's dividend yield for the trailing twelve months is around 9.25%, more than PFLD's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 9.25% | 11.19% | 10.65% | 13.22% | 7.38% | 3.16% | 8.93% | 19.82% | 11.94% | 9.54% | 8.85% | 19.74% |
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 5.45% | 6.52% | 7.09% | 7.09% | 5.76% | 4.52% | 4.79% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARLP and PFLD have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARLP has higher volatility (5.29%) compared to PFLD (0.59%). In terms of maximum drawdown, ARLP dropped -90.52% vs PFLD's -33.20%.
PFLD currently has the higher Sharpe Ratio (1.60 vs 0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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