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/Convertible Bonds fund tracking the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. Over the past 5 years, ARLP returned 40.77%/yr vs 0.88%/yr for PFLD. At a 0.16 correlation, their price movements are largely independent.
Performance
ARLP vs. PFLD - Performance Comparison
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Returns By Period
In the year-to-date period, ARLP achieves a 11.57% return, which is significantly higher than PFLD's 2.84% return.
ARLP
- 1D
- 1.31%
- 1M
- -1.36%
- 6M
- 7.19%
- YTD
- 11.57%
- 1Y
- -0.57%
- 3Y*
- 23.09%
- 5Y*
- 40.77%
- 10Y*
- 13.42%
PFLD
- 1D
- -0.10%
- 1M
- 0.41%
- 6M
- 2.19%
- YTD
- 2.84%
- 1Y
- 5.66%
- 3Y*
- 4.59%
- 5Y*
- 0.88%
- 10Y*
- —
ARLP vs. PFLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 11.57% | -2.45% | 39.91% | 18.83% | 73.34% | 195.75% | -56.80% | -7.36% |
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 2.84% | 1.44% | 5.48% | 8.16% | -12.73% | 4.49% | 5.34% | 0.86% |
Correlation
The correlation between ARLP and PFLD is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year 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 -0.05 (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 | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.54 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.06 | 11.93 | -11.98 |
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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 | -17.62% | -2.23% | -15.39% |
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 | -12.78% | -0.10% | -12.68% |
Average DrawdownAverage peak-to-trough decline | -24.29% | -4.11% | -20.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.24% | 0.48% | +9.76% |
Volatility
ARLP vs. PFLD - Volatility Comparison
Alliance Resource Partners, L.P. (ARLP) has a higher volatility of 6.81% compared to AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) at 0.69%. 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 | 6.81% | 0.69% | +6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 2.28% | +14.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 3.21% | +19.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.02% | 7.50% | +25.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.79% | 13.27% | +36.52% |
Dividends
ARLP vs. PFLD - Dividend Comparison
ARLP's dividend yield for the trailing twelve months is around 9.72%, more than PFLD's 5.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 9.72% | 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 | 5.46% | 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 -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARLP has higher volatility (6.81%) compared to PFLD (0.69%). In terms of maximum drawdown, ARLP dropped -90.52% vs PFLD's -33.20%.
PFLD currently has the higher Sharpe Ratio (1.77 vs -0.02), 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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