IPPP vs. PRFD

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and PRFD (PIMCO Preferred And Capital Securities Active Exchange-Traded Fund) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. IPPP charges 1.27%/yr vs 0.74%/yr for PRFD.

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.

Returns By Period

IPPP

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

PRFD

• 1D: -0.20%
• 1M: 0.36%
• YTD: 1.40%
• 6M: 1.56%
• 1Y: 8.04%
• 3Y*: 9.23%
• 5Y*: —
• 10Y*: —

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

IPPP vs. PRFD - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	0.44%

IPPP vs. PRFD - Sectors Allocation Comparison

Sectors	IPPP	PRFD
Utilities	100.0%	-
Basic Materials	-	-
Communication Services	-	0.3%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	2.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

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: 69
PRFD Sharpe Ratio Rank: 77
PRFD Sortino Ratio Rank: 78
PRFD Omega Ratio Rank: 84
PRFD Calmar Ratio Rank: 50
PRFD Martin Ratio Rank: 58

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	—	2.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.31	—

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%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.28%	—
Current Drawdown Current decline from peak	0.00%	-0.61%	+0.61%
Average Drawdown Average peak-to-trough decline	0.00%	-2.23%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.79%	—

Volatility

Volatility by Period

	IPPP	PRFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.21%	-3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	4.88%	-4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	4.88%	-4.88%

IPPP vs. PRFD - Expense Ratio Comparison

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

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 5.77%.

Position	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	5.77%	5.63%	5.53%	5.04%

Frequently Asked Questions

Which ETF is better, IPPP or PRFD?

On fees, PRFD is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPPP or PRFD?

PRFD is cheaper with a 0.74% expense ratio, compared with 1.27% for IPPP.

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

PRFD has the higher dividend yield at 5.77%, compared with 0.00% for IPPP.

What is the main difference between IPPP and PRFD?

They also come from different issuers: Innovative Portfolios and PIMCO. Their fees differ too: 1.27% for IPPP and 0.74% for PRFD.