IPPP vs. PFFV

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and PFFV (Global X Variable Rate Preferred ETF) are both Preferred Stock/Convertible Bonds funds. IPPP is actively managed, while PFFV is passively managed. IPPP charges 1.27%/yr vs 0.25%/yr for PFFV.

Performance

IPPP vs. PFFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and Global X Variable Rate Preferred ETF (PFFV). 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*: —

PFFV

• 1D: -0.05%
• 1M: 0.45%
• YTD: 2.93%
• 6M: 2.88%
• 1Y: 5.19%
• 3Y*: 7.51%
• 5Y*: 2.24%
• 10Y*: —

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

IPPP vs. PFFV - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
PFFV Global X Variable Rate Preferred ETF	1.01%

IPPP vs. PFFV - Sectors Allocation Comparison

Sectors	IPPP	PFFV
Utilities	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	1.6%
Financial Services	-	72.1%
Healthcare	-	-
Industrials	-	-
Real Estate	-	19.6%
Technology	-	-

Return for Risk

IPPP vs. PFFV — Risk / Return Rank

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

PFFV

PFFV Risk / Return Rank: 33
PFFV Sharpe Ratio Rank: 35
PFFV Sortino Ratio Rank: 35
PFFV Omega Ratio Rank: 34
PFFV Calmar Ratio Rank: 32
PFFV Martin Ratio Rank: 31

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. PFFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and Global X Variable Rate Preferred ETF (PFFV). 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	PFFV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.27	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.56	—

Drawdowns

IPPP vs. PFFV - Drawdown Comparison

The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum PFFV drawdown of -18.96%. Use the drawdown chart below to compare losses from any high point for IPPP and PFFV.

Drawdown Indicators

	IPPP	PFFV	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-18.96%	+18.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.96%	—
Current Drawdown Current decline from peak	0.00%	-0.31%	+0.31%
Average Drawdown Average peak-to-trough decline	0.00%	-4.18%	+4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.15%	—

Volatility

Volatility by Period

	IPPP	PFFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	4.12%	-4.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	8.84%	-8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	8.69%	-8.69%

IPPP vs. PFFV - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than PFFV's 0.25% expense ratio.

Dividends

IPPP vs. PFFV - Dividend Comparison

IPPP has not paid dividends to shareholders, while PFFV's dividend yield for the trailing twelve months is around 8.12%.

Position	TTM	2025	2024	2023	2022	2021	2020
IPPP Preferred-Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PFFV Global X Variable Rate Preferred ETF	8.12%	8.26%	7.33%	7.17%	6.60%	5.23%	2.29%

Frequently Asked Questions

Which ETF is better, IPPP or PFFV?

On fees, PFFV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPPP or PFFV?

PFFV is cheaper with a 0.25% expense ratio, compared with 1.27% for IPPP.

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

PFFV has the higher dividend yield at 8.12%, compared with 0.00% for IPPP.

What is the main difference between IPPP and PFFV?

They also come from different issuers: Innovative Portfolios and Global X. Their fees differ too: 1.27% for IPPP and 0.25% for PFFV.