IPPP vs. PFFA
Compare and contrast key facts about Preferred-Plus ETF (IPPP) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA).
IPPP and PFFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IPPP is an actively managed fund by Innovative Portfolios. It was launched on Dec 24, 2018. PFFA is an actively managed fund by Virtus Investment Partners. It was launched on May 15, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPPP or PFFA.
Key characteristics
| IPPP | PFFA | |
|---|---|---|
| YTD Return | 14.73% | 20.30% |
| 1Y Return | 22.79% | 33.77% |
| Sharpe Ratio | 2.52 | 3.68 |
| Sortino Ratio | 3.57 | 5.11 |
| Omega Ratio | 1.49 | 1.75 |
| Calmar Ratio | 1.71 | 3.06 |
| Martin Ratio | 16.91 | 31.04 |
| Ulcer Index | 1.26% | 1.05% |
| Daily Std Dev | 8.48% | 8.80% |
| Max Drawdown | -22.25% | -70.52% |
| Current Drawdown | -0.52% | -0.10% |
Correlation
The correlation between IPPP and PFFA is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IPPP vs. PFFA - Performance Comparison
In the year-to-date period, IPPP achieves a 14.73% return, which is significantly lower than PFFA's 20.30% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IPPP vs. PFFA - Expense Ratio Comparison
IPPP has a 1.27% expense ratio, which is lower than PFFA's 1.47% expense ratio.
Risk-Adjusted Performance
IPPP vs. PFFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). 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.
Dividends
IPPP vs. PFFA - Dividend Comparison
IPPP's dividend yield for the trailing twelve months is around 5.21%, less than PFFA's 8.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IPPP Preferred-Plus ETF | 5.21% | 5.68% | 4.35% | 0.00% | 0.00% | 0.00% | 0.00% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 8.73% | 9.56% | 10.78% | 7.64% | 8.54% | 10.02% | 5.15% |
Drawdowns
IPPP vs. PFFA - Drawdown Comparison
The maximum IPPP drawdown since its inception was -22.25%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for IPPP and PFFA. For additional features, visit the drawdowns tool.
Volatility
IPPP vs. PFFA - Volatility Comparison
Preferred-Plus ETF (IPPP) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA) have volatilities of 2.19% and 2.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.