EVPF vs. PRFD

Last updated Jun 4, 2026

EVPF (Eaton Vance Preferred Securities and Income ETF) and PRFD (PIMCO Preferred And Capital Securities Active Exchange-Traded Fund) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. EVPF charges 0.39%/yr vs 0.74%/yr for PRFD.

Performance

EVPF vs. PRFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Preferred Securities and Income ETF (EVPF) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVPF

• 1D: 0.00%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRFD

• 1D: -0.20%
• 1M: 0.36%
• YTD: 1.40%
• 6M: 1.56%
• 1Y: 8.04%
• 3Y*: 9.23%
• 5Y*: —
• 10Y*: —

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

EVPF vs. PRFD - Yearly Performance Comparison

	2026 (YTD)
EVPF Eaton Vance Preferred Securities and Income ETF	1.16%
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	0.27%

Correlation

The correlation between EVPF and PRFD is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026	0.70

Return for Risk

EVPF vs. PRFD — Risk / Return Rank

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

PRFD

PRFD Risk / Return Rank: 69
PRFD Sharpe Ratio Rank: 77
PRFD Sortino Ratio Rank: 78
PRFD Omega Ratio Rank: 84
PRFD Calmar Ratio Rank: 50
PRFD Martin Ratio Rank: 58

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.

EVPF vs. PRFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Preferred Securities and Income ETF (EVPF) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD). 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

	EVPF	PRFD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.31	-0.18

Drawdowns

EVPF vs. PRFD - Drawdown Comparison

The maximum EVPF drawdown since its inception was -2.36%, smaller than the maximum PRFD drawdown of -11.93%. Use the drawdown chart below to compare losses from any high point for EVPF and PRFD.

Drawdown Indicators

	EVPF	PRFD	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-11.93%	+9.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.28%	—
Current Drawdown Current decline from peak	-0.17%	-0.61%	+0.44%
Average Drawdown Average peak-to-trough decline	-0.52%	-2.23%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.79%	—

Volatility

Volatility by Period

	EVPF	PRFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	3.21%	+1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.31%	4.88%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.31%	4.88%	-0.57%

EVPF vs. PRFD - Expense Ratio Comparison

EVPF has a 0.39% expense ratio, which is lower than PRFD's 0.74% expense ratio.

Dividends

EVPF vs. PRFD - Dividend Comparison

EVPF's dividend yield for the trailing twelve months is around 1.08%, less than PRFD's 5.77% yield.

Position	TTM	2025	2024	2023
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	0.00%	0.00%	0.00%
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	5.77%	5.63%	5.53%	5.04%

Frequently Asked Questions

Can I hold both EVPF and PRFD in my portfolio?

EVPF and PRFD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVPF or PRFD?

On fees, EVPF 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, EVPF or PRFD?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.74% for PRFD.

Which ETF pays a higher dividend yield, EVPF or PRFD?

PRFD has the higher dividend yield at 5.77%, compared with 1.08% for EVPF.

What is the main difference between EVPF and PRFD?

They also come from different issuers: Eaton Vance and PIMCO. Their fees differ too: 0.39% for EVPF and 0.74% for PRFD.