JPSE vs. PFFA
JPSE (JPMorgan Diversified Return U.S. Small Cap Equity ETF) and PFFA (Virtus InfraCap U.S. Preferred Stock ETF) are both exchange-traded funds - JPSE is a Small Cap Growth Equities fund tracking the JPMorgan Diversified Factor US Small Cap Equity Index, while PFFA is a Preferred Stock fund actively managed by Virtus. JPSE is passively managed, while PFFA is actively managed. Over the past 5 years, JPSE returned 8.12%/yr vs 5.57%/yr for PFFA. Their 0.55 correlation means they have sometimes moved together and sometimes differently. JPSE charges 0.29%/yr vs 1.47%/yr for PFFA.
Performance
JPSE vs. PFFA - Performance Comparison
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Returns By Period
In the year-to-date period, JPSE achieves a 18.80% return, which is significantly higher than PFFA's 1.20% return.
JPSE
- 1D
- -0.26%
- 1M
- -0.80%
- 6M
- 12.05%
- YTD
- 18.80%
- 1Y
- 33.48%
- 3Y*
- 13.22%
- 5Y*
- 8.12%
- 10Y*
- —
- ALL TIME*
- 10.72%
PFFA
- 1D
- 0.44%
- 1M
- -0.04%
- 6M
- -0.75%
- YTD
- 1.20%
- 1Y
- 6.02%
- 3Y*
- 11.42%
- 5Y*
- 5.57%
- 10Y*
- —
- ALL TIME*
- 7.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.01M | $1.54M | $1.87M | |
| $15.74M | $17.23M | $20.45M |
JPSE vs. PFFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | 18.80% | 8.77% | 8.07% | 15.87% | -14.40% | 29.31% | 12.49% | 22.95% | -10.38% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 1.20% | 8.22% | 16.11% | 26.45% | -20.91% | 23.53% | -7.87% | 31.99% | -7.29% |
Correlation
The correlation between JPSE and PFFA is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.55 |
The correlation between JPSE and PFFA has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
JPSE vs. PFFA — Risk / Return Rank
JPSE
PFFA
JPSE vs. PFFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPSE | PFFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.14 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 0.89 | +3.04 |
| Martin ratioReturn relative to average drawdown | 14.34 | 2.56 | +11.79 |
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Drawdowns
JPSE vs. PFFA - Drawdown Comparison
The maximum JPSE drawdown since its inception was -43.02%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for JPSE and PFFA.
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Drawdown Indicators
| JPSE | PFFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.02% | -70.52% | +27.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -6.49% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -25.49% | -12.15% | -13.34% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -22.70% | -2.86% |
Current DrawdownCurrent decline from peak | -1.56% | -3.29% | +1.73% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -6.57% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.25% | -0.06% |
Volatility
JPSE vs. PFFA - Volatility Comparison
JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) has a higher volatility of 2.92% compared to Virtus InfraCap U.S. Preferred Stock ETF (PFFA) at 2.32%. This indicates that JPSE's price experiences larger fluctuations and is considered to be riskier than PFFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPSE | PFFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 2.32% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 6.46% | +4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 7.62% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.91% | 11.59% | +8.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.69% | 31.55% | -9.86% |
JPSE vs. PFFA - Expense Ratio Comparison
JPSE has a 0.29% expense ratio, which is lower than PFFA's 1.47% expense ratio.
Dividends
JPSE vs. PFFA - Dividend Comparison
JPSE's dividend yield for the trailing twelve months is around 1.33%, less than PFFA's 9.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | 1.33% | 1.62% | 1.66% | 1.76% | 1.55% | 1.24% | 1.32% | 1.23% | 1.18% | 0.74% | 0.14% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 9.98% | 9.47% | 9.18% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% | 0.00% | 0.00% |
Frequently Asked Questions
JPSE and PFFA have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPSE has higher volatility (2.92%) compared to PFFA (2.32%). In terms of maximum drawdown, JPSE dropped -43.02% vs PFFA's -70.52%.
On 5-year performance, JPSE leads with 8.12% vs 5.57% for PFFA. On fees, JPSE is cheaper at 0.29% per year. On volatility, PFFA has been the lower-risk option at 2.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JPSE has performed better with a 8.12% return vs 5.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPSE is cheaper with a 0.29% expense ratio, compared with 1.47% for PFFA.
PFFA has the higher dividend yield at 9.98%, compared with 1.33% for JPSE.
JPSE is categorized as Small Cap Growth Equities, while PFFA is Preferred Stock. They also come from different issuers: JPMorgan and Virtus. Their fees differ too: 0.29% for JPSE and 1.47% for PFFA.
JPSE currently has the higher Sharpe Ratio (2.00 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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