DVRE vs. PFFR

Last updated Jun 24, 2026

DVRE (WEBs Real Estate XLRE Defined Volatility ETF) and PFFR (InfraCap REIT Preferred ETF) are both exchange-traded funds - DVRE is a REIT fund tracking the Syntax Defined Volatility XLRE Index, while PFFR is a Preferred Stock/Convertible Bonds fund tracking the Indxx REIT Preferred Stock Index. Both are passively managed. At a 0.24 correlation, their price movements are largely independent. DVRE charges 0.89%/yr vs 0.45%/yr for PFFR.

Performance

DVRE vs. PFFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Real Estate XLRE Defined Volatility ETF (DVRE) and InfraCap REIT Preferred ETF (PFFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVRE achieves a 12.65% return, which is significantly higher than PFFR's 1.56% return.

DVRE

• 1D: 2.02%
• 1M: 0.37%
• YTD: 12.65%
• 6M: 13.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFFR

• 1D: -0.54%
• 1M: 1.00%
• YTD: 1.56%
• 6M: 1.11%
• 1Y: 6.55%
• 3Y*: 9.29%
• 5Y*: 0.99%
• 10Y*: —

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

DVRE vs. PFFR - Yearly Performance Comparison

	2026 (YTD)	2025
DVRE WEBs Real Estate XLRE Defined Volatility ETF	12.65%	-11.17%
PFFR InfraCap REIT Preferred ETF	1.56%	2.84%

Correlation

The correlation between DVRE and PFFR is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.24

Return for Risk

DVRE vs. PFFR — Risk / Return Rank

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

DVRE

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

PFFR

PFFR Risk / Return Rank: 22
PFFR Sharpe Ratio Rank: 24
PFFR Sortino Ratio Rank: 23
PFFR Omega Ratio Rank: 23
PFFR Calmar Ratio Rank: 22
PFFR Martin Ratio Rank: 20

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.

DVRE vs. PFFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Real Estate XLRE Defined Volatility ETF (DVRE) and InfraCap REIT Preferred ETF (PFFR). 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.

	DVRE	PFFR	Difference
Sharpe ratio: Return per unit of total volatility	—	0.84	—
Sortino ratio: Return per unit of downside risk	—	1.23	—
Omega ratio: Gain probability vs. loss probability	—	1.15	—
Calmar ratio: Return relative to maximum drawdown	—	1.00	—
Martin ratio: Return relative to average drawdown	—	2.30	—

Drawdowns

DVRE vs. PFFR - Drawdown Comparison

The maximum DVRE drawdown since its inception was -15.88%, smaller than the maximum PFFR drawdown of -53.02%. Use the drawdown chart below to compare losses from any high point for DVRE and PFFR.

Drawdown Indicators

	DVRE	PFFR	Difference
Max Drawdown Largest peak-to-trough decline	-15.88%	-53.02%	+37.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.57%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.80%	—
Current Drawdown Current decline from peak	-1.66%	-2.32%	+0.66%
Average Drawdown Average peak-to-trough decline	-6.21%	-6.97%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.85%	—

Volatility

Volatility by Period

	DVRE	PFFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.35%	7.82%	+17.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.35%	10.48%	+14.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.35%	20.48%	+4.87%

DVRE vs. PFFR - Expense Ratio Comparison

DVRE has a 0.89% expense ratio, which is higher than PFFR's 0.45% expense ratio.

Dividends

DVRE vs. PFFR - Dividend Comparison

DVRE's dividend yield for the trailing twelve months is around 0.88%, less than PFFR's 8.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DVRE WEBs Real Estate XLRE Defined Volatility ETF	0.88%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PFFR InfraCap REIT Preferred ETF	8.30%	7.99%	7.78%	7.72%	8.60%	6.08%	6.11%	5.77%	6.48%	6.59%

Frequently Asked Questions

Can I hold both DVRE and PFFR in my portfolio?

DVRE and PFFR have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVRE or PFFR?

On fees, PFFR is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVRE or PFFR?

PFFR is cheaper with a 0.45% expense ratio, compared with 0.89% for DVRE.

Which ETF pays a higher dividend yield, DVRE or PFFR?

PFFR has the higher dividend yield at 8.30%, compared with 0.88% for DVRE.

What is the main difference between DVRE and PFFR?

DVRE is categorized as REIT, while PFFR is Preferred Stock/Convertible Bonds. DVRE tracks Syntax Defined Volatility XLRE Index, while PFFR tracks Indxx REIT Preferred Stock Index. They also come from different issuers: WEBs and Virtus Investment Partners. Their fees differ too: 0.89% for DVRE and 0.45% for PFFR.