PFD vs. ETHY.TO
PFD (Flaherty & Crumrine Preferred Income Fund) and ETHY.TO (Purpose Ether Yield ETF - ETF Units) are both funds - PFD is a Preferred Stock/Convertible Bonds fund actively managed by Flaherty & Crumrine, while ETHY.TO is a Cryptocurrency fund actively managed by Purpose Investments. Both are actively managed. Over the past 3 years, PFD returned 13.02%/yr vs -9.52%/yr for ETHY.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
PFD vs. ETHY.TO - Performance Comparison
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Different Trading Currencies
PFD is traded in USD, while ETHY.TO is traded in CAD. To make them comparable, the ETHY.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PFD achieves a 0.87% return, which is significantly higher than ETHY.TO's -45.35% return.
PFD
- 1D
- -0.43%
- 1M
- 1.05%
- 6M
- 1.29%
- YTD
- 0.87%
- 1Y
- 8.68%
- 3Y*
- 13.02%
- 5Y*
- -0.39%
- 10Y*
- 3.76%
ETHY.TO
- 1D
- -1.46%
- 1M
- 6.05%
- 6M
- -49.46%
- YTD
- -45.35%
- 1Y
- -51.39%
- 3Y*
- -9.52%
- 5Y*
- —
- 10Y*
- —
PFD vs. ETHY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFD Flaherty & Crumrine Preferred Income Fund | 0.87% | 12.96% | 21.69% | -4.87% | -31.92% | 1.42% |
ETHY.TO Purpose Ether Yield ETF - ETF Units | -45.35% | -12.23% | 29.98% | 75.03% | -69.47% | -19.03% |
Correlation
The correlation between PFD and ETHY.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2021 | 0.21 |
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Return for Risk
PFD vs. ETHY.TO — Risk / Return Rank
PFD
ETHY.TO
PFD vs. ETHY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flaherty & Crumrine Preferred Income Fund (PFD) and Purpose Ether Yield ETF - ETF Units (ETHY.TO). 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.
| PFD | ETHY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.90 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.71 | +1.80 |
| Martin ratioReturn relative to average drawdown | 3.43 | -1.16 | +4.59 |
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Drawdowns
PFD vs. ETHY.TO - Drawdown Comparison
The maximum PFD drawdown since its inception was -81.70%, roughly equal to the maximum ETHY.TO drawdown of -78.83%. Use the drawdown chart below to compare losses from any high point for PFD and ETHY.TO.
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Drawdown Indicators
| PFD | ETHY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.70% | -78.83% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -72.15% | +64.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -72.15% | +57.86% |
Max Drawdown (5Y)Largest decline over 5 years | -45.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.39% | — | — |
Current DrawdownCurrent decline from peak | -19.88% | -73.02% | +53.14% |
Average DrawdownAverage peak-to-trough decline | -17.24% | -55.91% | +38.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 44.34% | -41.81% |
Volatility
PFD vs. ETHY.TO - Volatility Comparison
The current volatility for Flaherty & Crumrine Preferred Income Fund (PFD) is 1.98%, while Purpose Ether Yield ETF - ETF Units (ETHY.TO) has a volatility of 19.25%. This indicates that PFD experiences smaller price fluctuations and is considered to be less risky than ETHY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFD | ETHY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 19.25% | -17.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 56.80% | -50.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 72.84% | -63.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 66.18% | -49.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 66.18% | -42.70% |
Dividends
PFD vs. ETHY.TO - Dividend Comparison
PFD's dividend yield for the trailing twelve months is around 6.97%, less than ETHY.TO's 44.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETHY.TO Purpose Ether Yield ETF - ETF Units | 44.51% | 19.26% | 21.40% | 10.34% | 26.08% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFD Flaherty & Crumrine Preferred Income Fund | 6.97% | 6.47% | 6.46% | 6.94% | 7.97% | 5.82% | 5.09% | 5.85% | 8.14% | 6.85% | 7.44% | 8.36% |
Frequently Asked Questions
PFD and ETHY.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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