IPPP vs. PFFD

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and PFFD (Global X U.S. Preferred ETF) are both Preferred Stock/Convertible Bonds funds. IPPP is actively managed, while PFFD is passively managed. IPPP charges 1.27%/yr vs 0.23%/yr for PFFD.

Performance

IPPP vs. PFFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and Global X U.S. Preferred ETF (PFFD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IPPP

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

PFFD

• 1D: -0.58%
• 1M: 0.16%
• YTD: 2.29%
• 6M: 2.67%
• 1Y: 7.65%
• 3Y*: 5.10%
• 5Y*: -0.16%
• 10Y*: —

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

IPPP vs. PFFD - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
PFFD Global X U.S. Preferred ETF	-0.14%

IPPP vs. PFFD - Sectors Allocation Comparison

Sectors	IPPP	PFFD
Utilities	100.0%	15.3%
Basic Materials	-	3.0%
Communication Services	-	4.4%
Consumer Cyclical	-	1.6%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	59.1%
Healthcare	-	0.8%
Industrials	-	5.4%
Real Estate	-	4.0%
Technology	-	6.3%

Return for Risk

IPPP vs. PFFD — Risk / Return Rank

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

PFFD

PFFD Risk / Return Rank: 27
PFFD Sharpe Ratio Rank: 29
PFFD Sortino Ratio Rank: 28
PFFD Omega Ratio Rank: 27
PFFD Calmar Ratio Rank: 26
PFFD Martin Ratio Rank: 27

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.

IPPP vs. PFFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and Global X U.S. Preferred ETF (PFFD). 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

	IPPP	PFFD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.21	—

Drawdowns

IPPP vs. PFFD - Drawdown Comparison

The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum PFFD drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for IPPP and PFFD.

Drawdown Indicators

	IPPP	PFFD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-30.93%	+30.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.45%	—
Current Drawdown Current decline from peak	0.00%	-3.68%	+3.68%
Average Drawdown Average peak-to-trough decline	0.00%	-6.59%	+6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.01%	—

Volatility

Volatility by Period

	IPPP	PFFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	7.19%	-7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	10.98%	-10.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	12.76%	-12.76%

IPPP vs. PFFD - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than PFFD's 0.23% expense ratio.

Dividends

IPPP vs. PFFD - Dividend Comparison

IPPP has not paid dividends to shareholders, while PFFD's dividend yield for the trailing twelve months is around 6.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPPP Preferred-Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PFFD Global X U.S. Preferred ETF	6.37%	6.37%	6.42%	6.49%	6.63%	5.09%	5.17%	5.48%	6.21%	1.94%

Frequently Asked Questions

Which ETF is better, IPPP or PFFD?

On fees, PFFD is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPPP or PFFD?

PFFD is cheaper with a 0.23% expense ratio, compared with 1.27% for IPPP.

Which ETF pays a higher dividend yield, IPPP or PFFD?

PFFD has the higher dividend yield at 6.37%, compared with 0.00% for IPPP.

What is the main difference between IPPP and PFFD?

They also come from different issuers: Innovative Portfolios and Global X. Their fees differ too: 1.27% for IPPP and 0.23% for PFFD.