IPPP vs. PRFD

Last updated Apr 1, 2026

Compare and contrast key facts about Preferred-Plus ETF (IPPP) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD).

IPPP and PRFD 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. PRFD is an actively managed fund by PIMCO. It was launched on Jan 18, 2023.

Performance

IPPP vs. PRFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD). The values are adjusted to include any dividend payments, if applicable.

IPPP vs. PRFD - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	-1.62%

Returns By Period

IPPP

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

PRFD

• 1D: 0.48%
• 1M: -2.51%
• YTD: -0.68%
• 6M: 0.63%
• 1Y: 6.09%
• 3Y*: 8.80%
• 5Y*: —
• 10Y*: —

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

IPPP vs. PRFD - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than PRFD's 0.74% expense ratio.

IPPP

Preferred-Plus ETF

PRFD

PIMCO Preferred And Capital Securities Active Exchange-Traded Fund

Return for Risk

IPPP vs. PRFD — Risk / Return Rank

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

PRFD

PRFD Risk / Return Rank: 78
PRFD Sharpe Ratio Rank: 85
PRFD Sortino Ratio Rank: 84
PRFD Omega Ratio Rank: 87
PRFD Calmar Ratio Rank: 71
PRFD Martin Ratio Rank: 64

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. PRFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD). 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	PRFD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.23	—

Dividends

IPPP vs. PRFD - Dividend Comparison

IPPP has not paid dividends to shareholders, while PRFD's dividend yield for the trailing twelve months is around 5.74%.

	TTM	2025	2024	2023
IPPP Preferred-Plus ETF	0.00%	0.00%	0.00%	0.00%
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	5.74%	5.63%	5.53%	5.04%

Drawdowns

IPPP vs. PRFD - Drawdown Comparison

The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum PRFD drawdown of -11.93%. Use the drawdown chart below to compare losses from any high point for IPPP and PRFD.

Drawdown Indicators

	IPPP	PRFD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-11.93%	+11.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.28%	—
Current Drawdown Current decline from peak	0.00%	-2.65%	+2.65%
Average Drawdown Average peak-to-trough decline	0.00%	-2.30%	+2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	IPPP	PRFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.55%	-3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	4.94%	-4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	4.94%	-4.94%