PFF vs. FPFD
Compare and contrast key facts about iShares Preferred and Income Securities ETF (PFF) and Fidelity Preferred Securities & Income ETF (FPFD).
PFF and FPFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. It was launched on Mar 30, 2007. FPFD is an actively managed fund by Fidelity. It was launched on Jun 15, 2021.
Performance
PFF vs. FPFD - Performance Comparison
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PFF vs. FPFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | -1.42% | 4.87% | 7.24% | 9.22% | -18.19% | 3.68% |
FPFD Fidelity Preferred Securities & Income ETF | -0.36% | 6.46% | 8.50% | 10.91% | -17.11% | 1.89% |
Returns By Period
In the year-to-date period, PFF achieves a -1.42% return, which is significantly lower than FPFD's -0.36% return.
PFF
- 1D
- 0.66%
- 1M
- -3.37%
- YTD
- -1.42%
- 6M
- -1.65%
- 1Y
- 4.61%
- 3Y*
- 5.39%
- 5Y*
- 1.02%
- 10Y*
- 3.24%
FPFD
- 1D
- 0.39%
- 1M
- -2.02%
- YTD
- -0.36%
- 6M
- -0.21%
- 1Y
- 5.18%
- 3Y*
- 7.37%
- 5Y*
- —
- 10Y*
- —
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PFF vs. FPFD - Expense Ratio Comparison
PFF has a 0.46% expense ratio, which is lower than FPFD's 0.59% expense ratio.
Return for Risk
PFF vs. FPFD — Risk / Return Rank
PFF
FPFD
PFF vs. FPFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) and Fidelity Preferred Securities & Income ETF (FPFD). 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.
| PFF | FPFD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 1.47 | -0.91 |
Sortino ratioReturn per unit of downside risk | 0.82 | 1.99 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.29 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.59 | -0.80 |
Martin ratioReturn relative to average drawdown | 2.28 | 5.82 | -3.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFF | FPFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.47 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.30 | -0.10 |
Correlation
The correlation between PFF and FPFD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PFF vs. FPFD - Dividend Comparison
PFF's dividend yield for the trailing twelve months is around 5.97%, more than FPFD's 5.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 5.97% | 6.30% | 6.32% | 6.63% | 6.01% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% |
FPFD Fidelity Preferred Securities & Income ETF | 5.09% | 5.04% | 4.89% | 5.09% | 5.22% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFF vs. FPFD - Drawdown Comparison
The maximum PFF drawdown since its inception was -65.55%, which is greater than FPFD's maximum drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for PFF and FPFD.
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Drawdown Indicators
| PFF | FPFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.55% | -20.83% | -44.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.28% | -3.18% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.10% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -2.29% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -7.04% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 0.87% | +0.97% |
Volatility
PFF vs. FPFD - Volatility Comparison
iShares Preferred and Income Securities ETF (PFF) has a higher volatility of 2.59% compared to Fidelity Preferred Securities & Income ETF (FPFD) at 1.35%. This indicates that PFF's price experiences larger fluctuations and is considered to be riskier than FPFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFF | FPFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.35% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 5.10% | 2.08% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.32% | 3.54% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.26% | 5.38% | +4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 5.38% | +7.25% |