DMDV vs. PFLD

Last updated Jun 3, 2026

DMDV (AAM S&P Developed Markets High Dividend Value ETF) and PFLD (AAM Low Duration Preferred and Income Securities ETF 144A) are both exchange-traded funds - DMDV is a Foreign Large Cap Equities fund tracking the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield, while PFLD is a Preferred Stock/Convertible Bonds fund tracking the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. Both are passively managed. At a 0.36 correlation, their price movements are largely independent. DMDV charges 0.39%/yr vs 0.45%/yr for PFLD.

Performance

DMDV vs. PFLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM S&P Developed Markets High Dividend Value ETF (DMDV) and AAM Low Duration Preferred and Income Securities ETF 144A (PFLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DMDV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFLD

• 1D: 0.00%
• 1M: 0.43%
• YTD: 2.63%
• 6M: 2.90%
• 1Y: 6.20%
• 3Y*: 4.91%
• 5Y*: 1.04%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DMDV vs. PFLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	7.82%	18.63%	-7.53%	10.16%	-20.45%	16.19%
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	2.63%	1.44%	5.48%	8.16%	-12.73%	4.49%	5.34%	1.04%

Correlation

The correlation between DMDV and PFLD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019	0.36

DMDV vs. PFLD - Sectors Allocation Comparison

Sectors	DMDV	PFLD
Industrials	12.5%	-
Real Estate	10.0%	-
Consumer Defensive	9.4%	-
Utilities	9.2%	100.0%
Communication Services	9.1%	-
Financial Services	9.0%	-
Basic Materials	9.0%	-
Healthcare	8.9%	-
Consumer Cyclical	8.7%	-
Technology	7.6%	-
Energy	6.6%	-

Return for Risk

DMDV vs. PFLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFLD

PFLD Risk / Return Rank: 57
PFLD Sharpe Ratio Rank: 53
PFLD Sortino Ratio Rank: 63
PFLD Omega Ratio Rank: 56
PFLD Calmar Ratio Rank: 52
PFLD Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DMDV vs. PFLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM S&P Developed Markets High Dividend Value ETF (DMDV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DMDV	PFLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.83	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.17	—

Drawdowns

Drawdown Indicators

	DMDV	PFLD	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.20%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.51%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-4.18%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.50%	—

Volatility

Volatility by Period

	DMDV	PFLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.42%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	7.50%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.38%	—

DMDV vs. PFLD - Expense Ratio Comparison

DMDV has a 0.39% expense ratio, which is lower than PFLD's 0.45% expense ratio.

Dividends

DMDV vs. PFLD - Dividend Comparison

DMDV has not paid dividends to shareholders, while PFLD's dividend yield for the trailing twelve months is around 5.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	3.51%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	5.60%	6.52%	7.09%	7.09%	5.76%	4.52%	4.79%	0.82%	0.00%

Frequently Asked Questions

Can I hold both DMDV and PFLD in my portfolio?

DMDV and PFLD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DMDV or PFLD?

On fees, DMDV is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DMDV or PFLD?

DMDV is cheaper with a 0.39% expense ratio, compared with 0.45% for PFLD.

Which ETF pays a higher dividend yield, DMDV or PFLD?

PFLD has the higher dividend yield at 5.60%, compared with 0.00% for DMDV.

What is the main difference between DMDV and PFLD?

DMDV is categorized as Foreign Large Cap Equities, while PFLD is Preferred Stock/Convertible Bonds. DMDV tracks S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield, while PFLD tracks ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. Their fees differ too: 0.39% for DMDV and 0.45% for PFLD.