PFD vs. KIFAX
PFD (Flaherty & Crumrine Preferred Income Fund) and KIFAX (Salient Select Income Fund) are both Preferred Stock funds. Over the past 10 years, PFD returned 3.36%/yr vs 2.90%/yr for KIFAX. Their 0.29 correlation means their historical movements had little consistent relationship. PFD charges 1.29%/yr vs 1.53%/yr for KIFAX.
Performance
PFD vs. KIFAX - Performance Comparison
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Returns By Period
In the year-to-date period, PFD achieves a -0.63% return, which is significantly lower than KIFAX's 4.67% return. Over the past 10 years, PFD has outperformed KIFAX with an annualized return of 3.36%, while KIFAX has yielded a comparatively lower 2.90% annualized return.
PFD
- 1D
- -0.09%
- 1M
- -1.65%
- 6M
- -1.02%
- YTD
- -0.63%
- 1Y
- 6.58%
- 3Y*
- 11.07%
- 5Y*
- -1.07%
- 10Y*
- 3.36%
- ALL TIME*
- 4.82%
KIFAX
- 1D
- -0.45%
- 1M
- 1.38%
- 6M
- 3.72%
- YTD
- 4.67%
- 1Y
- 6.92%
- 3Y*
- 6.64%
- 5Y*
- 2.45%
- 10Y*
- 2.90%
- ALL TIME*
- 6.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $278.42K | $275.61K | $280.70K |
PFD vs. KIFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFD Flaherty & Crumrine Preferred Income Fund | -0.63% | 12.96% | 21.69% | -4.87% | -31.92% | -2.03% | 29.67% | 43.46% | -17.25% | 10.69% |
KIFAX Salient Select Income Fund | 4.67% | 1.49% | 6.73% | 14.45% | -15.79% | 14.98% | -3.07% | 18.13% | -8.76% | 1.47% |
Correlation
The correlation between PFD and KIFAX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2001 | 0.29 |
The correlation between PFD and KIFAX shifts across timeframes, from 0.22 (1 year) to 0.41 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PFD vs. KIFAX — Risk / Return Rank
PFD
KIFAX
PFD vs. KIFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flaherty & Crumrine Preferred Income Fund (PFD) and Salient Select Income Fund (KIFAX). 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 | KIFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.14 | -0.27 |
| Martin ratioReturn relative to average drawdown | 2.69 | 3.03 | -0.34 |
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Drawdowns
PFD vs. KIFAX - Drawdown Comparison
The maximum PFD drawdown since its inception was -81.70%, which is greater than KIFAX's maximum drawdown of -70.56%. Use the drawdown chart below to compare losses from any high point for PFD and KIFAX.
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Drawdown Indicators
| PFD | KIFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.70% | -70.56% | -11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -5.53% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -13.13% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -45.60% | -20.46% | -25.14% |
Max Drawdown (10Y)Largest decline over 10 years | -53.39% | -45.84% | -7.55% |
Current DrawdownCurrent decline from peak | -21.07% | -0.45% | -20.62% |
Average DrawdownAverage peak-to-trough decline | -17.24% | -6.91% | -10.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.07% | +0.52% |
Volatility
PFD vs. KIFAX - Volatility Comparison
Flaherty & Crumrine Preferred Income Fund (PFD) and Salient Select Income Fund (KIFAX) have volatilities of 1.57% and 1.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFD | KIFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.62% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.25% | 4.54% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.69% | 6.08% | +2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 9.01% | +7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.47% | 14.17% | +9.30% |
PFD vs. KIFAX - Expense Ratio Comparison
PFD has a 1.29% expense ratio, which is lower than KIFAX's 1.53% expense ratio.
Dividends
PFD vs. KIFAX - Dividend Comparison
PFD's dividend yield for the trailing twelve months is around 7.18%, less than KIFAX's 7.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KIFAX Salient Select Income Fund | 7.52% | 7.48% | 6.88% | 6.50% | 4.62% | 4.72% | 4.62% | 5.04% | 6.00% | 9.13% | 6.40% | 12.33% |
PFD Flaherty & Crumrine Preferred Income Fund | 7.18% | 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 KIFAX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KIFAX has higher volatility (1.62%) compared to PFD (1.57%). In terms of maximum drawdown, PFD dropped -81.70% vs KIFAX's -70.56%.
KIFAX currently has the higher Sharpe Ratio (1.04 vs 0.80), 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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