IPPP vs. PQDI

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and PQDI (Principal Spectrum Preferred and Income ETF) are both Preferred Stock/Convertible Bonds funds. IPPP is actively managed, while PQDI is passively managed. IPPP charges 1.27%/yr vs 0.60%/yr for PQDI.

Performance

IPPP vs. PQDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and Principal Spectrum Preferred and Income ETF (PQDI). 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*: —

PQDI

• 1D: -0.13%
• 1M: 0.33%
• YTD: 1.19%
• 6M: 1.73%
• 1Y: 7.12%
• 3Y*: 9.06%
• 5Y*: 3.23%
• 10Y*: —

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

IPPP vs. PQDI - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
PQDI Principal Spectrum Preferred and Income ETF	0.26%

IPPP vs. PQDI - Sectors Allocation Comparison

Sectors	IPPP	PQDI
Utilities	100.0%	-
Basic Materials	-	-
Communication Services	-	0.7%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	10.5%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

IPPP vs. PQDI — Risk / Return Rank

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

PQDI

PQDI Risk / Return Rank: 63
PQDI Sharpe Ratio Rank: 67
PQDI Sortino Ratio Rank: 71
PQDI Omega Ratio Rank: 80
PQDI Calmar Ratio Rank: 44
PQDI Martin Ratio Rank: 56

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. PQDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and Principal Spectrum Preferred and Income ETF (PQDI). 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	PQDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.22	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.03	—

Drawdowns

IPPP vs. PQDI - Drawdown Comparison

The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum PQDI drawdown of -17.41%. Use the drawdown chart below to compare losses from any high point for IPPP and PQDI.

Drawdown Indicators

	IPPP	PQDI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-17.41%	+17.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.41%	—
Current Drawdown Current decline from peak	0.00%	-0.63%	+0.63%
Average Drawdown Average peak-to-trough decline	0.00%	-3.51%	+3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.74%	—

Volatility

Volatility by Period

	IPPP	PQDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.22%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	4.69%	-4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	4.55%	-4.55%

IPPP vs. PQDI - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than PQDI's 0.60% expense ratio.

Dividends

IPPP vs. PQDI - Dividend Comparison

IPPP has not paid dividends to shareholders, while PQDI's dividend yield for the trailing twelve months is around 5.46%.

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%
PQDI Principal Spectrum Preferred and Income ETF	5.46%	5.02%	4.93%	5.35%	5.60%	5.21%	2.69%

Frequently Asked Questions

Which ETF is better, IPPP or PQDI?

On fees, PQDI is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPPP or PQDI?

PQDI is cheaper with a 0.60% expense ratio, compared with 1.27% for IPPP.

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

PQDI has the higher dividend yield at 5.46%, compared with 0.00% for IPPP.

What is the main difference between IPPP and PQDI?

They also come from different issuers: Innovative Portfolios and Principal. Their fees differ too: 1.27% for IPPP and 0.60% for PQDI.