GPRF vs. SPFF
GPRF (Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF) and SPFF (Global X SuperIncome Preferred ETF) are both Preferred Stock/Convertible Bonds funds - GPRF tracks the FTSE Goldman Sachs US Preferred Stock and Hybrids Index while SPFF tracks the S&P Enhanced Yield North American Preferred Stock Index. Both are passively managed. Over the past year, GPRF returned 5.45% vs 15.54% for SPFF. A 0.58 correlation means they provide meaningful diversification when combined. GPRF charges 0.45%/yr vs 0.58%/yr for SPFF.
Performance
GPRF vs. SPFF - Performance Comparison
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Returns By Period
In the year-to-date period, GPRF achieves a 1.29% return, which is significantly lower than SPFF's 4.37% return.
GPRF
- 1D
- 0.12%
- 1M
- 0.33%
- YTD
- 1.29%
- 6M
- 1.49%
- 1Y
- 5.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPFF
- 1D
- -0.84%
- 1M
- 0.81%
- YTD
- 4.37%
- 6M
- 3.21%
- 1Y
- 15.54%
- 3Y*
- 8.72%
- 5Y*
- 1.64%
- 10Y*
- 3.02%
GPRF vs. SPFF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 1.29% | 6.17% | 2.49% |
SPFF Global X SuperIncome Preferred ETF | 4.37% | 7.52% | 3.40% |
Correlation
The correlation between GPRF and SPFF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024 | 0.58 |
The correlation between GPRF and SPFF shifts across timeframes, from 0.47 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GPRF vs. SPFF — Risk / Return Rank
GPRF
SPFF
GPRF vs. SPFF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) and Global X SuperIncome Preferred ETF (SPFF). 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.
| GPRF | SPFF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.06 | -0.76 |
| Martin ratioReturn relative to average drawdown | 6.08 | 6.19 | -0.11 |
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Drawdowns
GPRF vs. SPFF - Drawdown Comparison
The maximum GPRF drawdown since its inception was -4.36%, smaller than the maximum SPFF drawdown of -35.92%. Use the drawdown chart below to compare losses from any high point for GPRF and SPFF.
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Drawdown Indicators
| GPRF | SPFF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.36% | -35.92% | +31.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -7.58% | +3.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.92% | — |
Current DrawdownCurrent decline from peak | -0.82% | -2.57% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -4.05% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 2.52% | -1.62% |
Volatility
GPRF vs. SPFF - Volatility Comparison
The current volatility for Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) is 0.67%, while Global X SuperIncome Preferred ETF (SPFF) has a volatility of 3.72%. This indicates that GPRF experiences smaller price fluctuations and is considered to be less risky than SPFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPRF | SPFF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 3.72% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 7.74% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 9.98% | -6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.91% | 11.02% | -7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.91% | 13.53% | -9.62% |
GPRF vs. SPFF - Expense Ratio Comparison
GPRF has a 0.45% expense ratio, which is lower than SPFF's 0.58% expense ratio.
Dividends
GPRF vs. SPFF - Dividend Comparison
GPRF's dividend yield for the trailing twelve months is around 5.65%, less than SPFF's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 5.65% | 5.38% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPFF Global X SuperIncome Preferred ETF | 6.49% | 6.47% | 6.39% | 6.64% | 7.15% | 5.78% | 5.75% | 5.97% | 7.60% | 7.24% | 7.04% | 7.50% |
Frequently Asked Questions
GPRF and SPFF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPFF has higher volatility (3.72%) compared to GPRF (0.67%). In terms of maximum drawdown, GPRF dropped -4.36% vs SPFF's -35.92%.
On 1-year performance, SPFF leads with 15.54% vs 5.45% for GPRF. On fees, GPRF is cheaper at 0.45% per year. On volatility, GPRF has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPFF has performed better with a 15.54% return vs 5.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GPRF is cheaper with a 0.45% expense ratio, compared with 0.58% for SPFF.
SPFF has the higher dividend yield at 6.49%, compared with 5.65% for GPRF.
GPRF tracks FTSE Goldman Sachs US Preferred Stock and Hybrids Index, while SPFF tracks S&P Enhanced Yield North American Preferred Stock Index. They also come from different issuers: Goldman Sachs and Global X. Their fees differ too: 0.45% for GPRF and 0.58% for SPFF.
SPFF currently has the higher Sharpe Ratio (1.56 vs 1.47), 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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