IPPP vs. PFFR

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and PFFR (InfraCap REIT Preferred ETF) are both Preferred Stock/Convertible Bonds funds. IPPP is actively managed, while PFFR is passively managed. IPPP charges 1.27%/yr vs 0.45%/yr for PFFR.

Performance

IPPP vs. PFFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and InfraCap REIT Preferred ETF (PFFR). 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*: —

PFFR

• 1D: -0.22%
• 1M: -0.75%
• YTD: 0.80%
• 6M: 0.96%
• 1Y: 6.82%
• 3Y*: 9.27%
• 5Y*: 0.97%
• 10Y*: —

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

IPPP vs. PFFR - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
PFFR InfraCap REIT Preferred ETF	-0.34%

IPPP vs. PFFR - Sectors Allocation Comparison

Sectors	IPPP	PFFR
Utilities	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	5.3%
Healthcare	-	-
Industrials	-	-
Real Estate	-	84.9%
Technology	-	-

Return for Risk

IPPP vs. PFFR — Risk / Return Rank

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

PFFR

PFFR Risk / Return Rank: 23
PFFR Sharpe Ratio Rank: 24
PFFR Sortino Ratio Rank: 23
PFFR Omega Ratio Rank: 23
PFFR Calmar Ratio Rank: 23
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.

IPPP vs. PFFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) 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.

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

Sharpe Ratios by Period

	IPPP	PFFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.16	—

Drawdowns

IPPP vs. PFFR - Drawdown Comparison

The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum PFFR drawdown of -53.02%. Use the drawdown chart below to compare losses from any high point for IPPP and PFFR.

Drawdown Indicators

	IPPP	PFFR	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-53.02%	+53.02%
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	0.00%	-3.05%	+3.05%
Average Drawdown Average peak-to-trough decline	0.00%	-7.00%	+7.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.80%	—

Volatility

Volatility by Period

	IPPP	PFFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	7.91%	-7.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	10.47%	-10.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	20.54%	-20.54%

IPPP vs. PFFR - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than PFFR's 0.45% expense ratio.

Dividends

IPPP vs. PFFR - Dividend Comparison

IPPP has not paid dividends to shareholders, while PFFR's dividend yield for the trailing twelve months is around 8.29%.

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%
PFFR InfraCap REIT Preferred ETF	8.29%	7.99%	7.78%	7.72%	8.60%	6.08%	6.11%	5.77%	6.48%	6.59%

Frequently Asked Questions

Which ETF is better, IPPP 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, IPPP or PFFR?

PFFR is cheaper with a 0.45% expense ratio, compared with 1.27% for IPPP.

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

PFFR has the higher dividend yield at 8.29%, compared with 0.00% for IPPP.

What is the main difference between IPPP and PFFR?

They also come from different issuers: Innovative Portfolios and Virtus Investment Partners. Their fees differ too: 1.27% for IPPP and 0.45% for PFFR.