OARK vs. PFFA
OARK (YieldMax Innovation Option Income Strategy ETF) and PFFA (Virtus InfraCap U.S. Preferred Stock ETF) are both exchange-traded funds - OARK is a Options Trading fund actively managed by YieldMax, while PFFA is a Preferred Stock/Convertible Bonds fund actively managed by Virtus Investment Partners. Both are actively managed. Over the past 3 years, OARK returned 12.99%/yr vs 14.42%/yr for PFFA. At a 0.45 correlation, their price movements are largely independent. OARK charges 0.99%/yr vs 1.47%/yr for PFFA.
Performance
OARK vs. PFFA - Performance Comparison
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Returns By Period
In the year-to-date period, OARK achieves a 7.87% return, which is significantly higher than PFFA's 3.08% return.
OARK
- 1D
- 1.86%
- 1M
- 3.77%
- YTD
- 7.87%
- 6M
- 5.24%
- 1Y
- 23.73%
- 3Y*
- 12.99%
- 5Y*
- —
- 10Y*
- —
PFFA
- 1D
- 0.19%
- 1M
- -0.14%
- YTD
- 3.08%
- 6M
- 2.32%
- 1Y
- 12.59%
- 3Y*
- 14.42%
- 5Y*
- 6.42%
- 10Y*
- —
OARK vs. PFFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 7.87% | 20.37% | 7.32% | 20.12% | -9.11% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 3.08% | 8.22% | 16.11% | 26.45% | -4.14% |
Correlation
The correlation between OARK and PFFA is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.45 |
The correlation between OARK and PFFA has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
OARK vs. PFFA — Risk / Return Rank
OARK
PFFA
OARK vs. PFFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) 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.
| OARK | PFFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.33 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.95 | -0.92 |
| Martin ratioReturn relative to average drawdown | 2.39 | 6.47 | -4.08 |
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Drawdowns
OARK vs. PFFA - Drawdown Comparison
The maximum OARK drawdown since its inception was -35.48%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for OARK and PFFA.
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Drawdown Indicators
| OARK | PFFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.48% | -70.52% | +35.04% |
Max Drawdown (1Y)Largest decline over 1 year | -23.26% | -6.49% | -16.77% |
Max Drawdown (3Y)Largest decline over 3 years | -35.48% | -12.15% | -23.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Current DrawdownCurrent decline from peak | -5.20% | -1.50% | -3.70% |
Average DrawdownAverage peak-to-trough decline | -10.54% | -6.62% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.94% | 1.95% | +7.99% |
Volatility
OARK vs. PFFA - Volatility Comparison
YieldMax Innovation Option Income Strategy ETF (OARK) has a higher volatility of 9.51% compared to Virtus InfraCap U.S. Preferred Stock ETF (PFFA) at 2.17%. This indicates that OARK'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
| OARK | PFFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.51% | 2.17% | +7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 21.26% | 5.89% | +15.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.57% | 7.13% | +21.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.95% | 11.53% | +19.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.95% | 31.76% | -0.81% |
OARK vs. PFFA - Expense Ratio Comparison
OARK has a 0.99% expense ratio, which is lower than PFFA's 1.47% expense ratio.
Dividends
OARK vs. PFFA - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 60.86%, more than PFFA's 9.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 60.86% | 61.86% | 47.86% | 45.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 9.62% | 9.47% | 9.18% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% |
Frequently Asked Questions
OARK and PFFA have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OARK has higher volatility (9.51%) compared to PFFA (2.17%). In terms of maximum drawdown, OARK dropped -35.48% vs PFFA's -70.52%.
On 3-year performance, PFFA leads with 14.42% vs 12.99% for OARK. On fees, OARK is cheaper at 0.99% per year. On volatility, PFFA has been the lower-risk option at 2.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PFFA has performed better with a 14.42% return vs 12.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OARK is cheaper with a 0.99% expense ratio, compared with 1.47% for PFFA.
OARK has the higher dividend yield at 60.86%, compared with 9.62% for PFFA.
OARK is categorized as Options Trading, while PFFA is Preferred Stock/Convertible Bonds. They also come from different issuers: YieldMax and Virtus Investment Partners. Their fees differ too: 0.99% for OARK and 1.47% for PFFA.
PFFA currently has the higher Sharpe Ratio (1.77 vs 0.84), 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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