PDX vs. PFFA

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Dynamic Income Strategy Fund (PDX) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA).

PDX is an actively managed fund by PIMCO. It was launched on Feb 1, 2019. PFFA is an actively managed fund by Virtus Investment Partners. It was launched on May 15, 2018.

Performance

PDX vs. PFFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Dynamic Income Strategy Fund (PDX) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). The values are adjusted to include any dividend payments, if applicable.

PDX vs. PFFA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PDX PIMCO Dynamic Income Strategy Fund	19.83%	-10.59%	36.99%	44.51%	23.02%	68.79%	-44.20%	-10.78%
PFFA Virtus InfraCap U.S. Preferred Stock ETF	-3.22%	8.22%	16.11%	26.45%	-20.91%	23.53%	-7.87%	21.44%

Returns By Period

In the year-to-date period, PDX achieves a 19.83% return, which is significantly higher than PFFA's -3.22% return.

PDX

• 1D: 0.32%
• 1M: 9.93%
• YTD: 19.83%
• 6M: 6.73%
• 1Y: 12.24%
• 3Y*: 28.85%
• 5Y*: 27.34%
• 10Y*: —

PFFA

• 1D: 0.10%
• 1M: -4.25%
• YTD: -3.22%
• 6M: -1.63%
• 1Y: 5.66%
• 3Y*: 12.09%
• 5Y*: 5.84%
• 10Y*: —

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

PDX vs. PFFA - Expense Ratio Comparison

PDX has a 2.31% expense ratio, which is higher than PFFA's 1.47% expense ratio.

PDX

PIMCO Dynamic Income Strategy Fund

PFFA

Virtus InfraCap U.S. Preferred Stock ETF

Return for Risk

PDX vs. PFFA — Risk / Return Rank

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

PDX

PDX Risk / Return Rank: 22
PDX Sharpe Ratio Rank: 22
PDX Sortino Ratio Rank: 20
PDX Omega Ratio Rank: 26
PDX Calmar Ratio Rank: 24
PDX Martin Ratio Rank: 17

PFFA

PFFA Risk / Return Rank: 30
PFFA Sharpe Ratio Rank: 33
PFFA Sortino Ratio Rank: 28
PFFA Omega Ratio Rank: 32
PFFA Calmar Ratio Rank: 27
PFFA Martin Ratio Rank: 28

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.

PDX vs. PFFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Strategy Fund (PDX) 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.

	PDX	PFFA	Difference
Sharpe ratio Return per unit of total volatility	0.54	0.57	-0.03
Sortino ratio Return per unit of downside risk	0.83	0.78	+0.05
Omega ratio Gain probability vs. loss probability	1.14	1.12	+0.01
Calmar ratio Return relative to maximum drawdown	0.71	0.58	+0.14
Martin ratio Return relative to average drawdown	1.74	2.04	-0.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PDX vs. PFFA - Sharpe Ratio Comparison

The current PDX Sharpe Ratio is 0.54, which is comparable to the PFFA Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of PDX and PFFA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PDX	PFFA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	0.57	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	0.51	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.22	+0.10

Correlation

The correlation between PDX and PFFA is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PDX vs. PFFA - Dividend Comparison

PDX's dividend yield for the trailing twelve months is around 20.72%, more than PFFA's 10.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PDX PIMCO Dynamic Income Strategy Fund	20.72%	24.34%	6.31%	4.30%	5.89%	5.28%	14.11%	9.58%	0.00%
PFFA Virtus InfraCap U.S. Preferred Stock ETF	10.06%	9.47%	9.18%	9.56%	10.75%	7.64%	8.54%	10.02%	5.15%

Drawdowns

PDX vs. PFFA - Drawdown Comparison

The maximum PDX drawdown since its inception was -80.63%, which is greater than PFFA's maximum drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for PDX and PFFA.

Drawdown Indicators

	PDX	PFFA	Difference
Max Drawdown Largest peak-to-trough decline	-80.63%	-70.52%	-10.11%
Max Drawdown (1Y) Largest decline over 1 year	-20.21%	-8.54%	-11.67%
Max Drawdown (5Y) Largest decline over 5 years	-37.24%	-22.70%	-14.54%
Current Drawdown Current decline from peak	-12.96%	-6.07%	-6.89%
Average Drawdown Average peak-to-trough decline	-18.92%	-6.77%	-12.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.25%	2.41%	+5.84%

Volatility

PDX vs. PFFA - Volatility Comparison

PIMCO Dynamic Income Strategy Fund (PDX) has a higher volatility of 4.60% compared to Virtus InfraCap U.S. Preferred Stock ETF (PFFA) at 3.26%. This indicates that PDX'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.

Volatility by Period

	PDX	PFFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	3.26%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	5.25%	+5.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.72%	9.98%	+12.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.78%	11.49%	+14.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.86%	32.17%	+4.69%