PFF vs. PFFD
Compare and contrast key facts about iShares Preferred and Income Securities ETF (PFF) and Global X U.S. Preferred ETF (PFFD).
PFF and PFFD 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. PFFD is a passively managed fund by Global X that tracks the performance of the ICE BofAML Diversified Core U.S. Preferred Securities Index. It was launched on Sep 11, 2017. Both PFF and PFFD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFF or PFFD.
Performance
PFF vs. PFFD - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PFF having a 10.17% return and PFFD slightly higher at 10.26%.
PFF
10.17%
-1.37%
7.67%
16.15%
2.93%
3.67%
PFFD
10.26%
-1.77%
7.96%
15.82%
1.78%
N/A
Key characteristics
| PFF | PFFD | |
|---|---|---|
| Sharpe Ratio | 1.93 | 1.76 |
| Sortino Ratio | 2.70 | 2.51 |
| Omega Ratio | 1.35 | 1.32 |
| Calmar Ratio | 1.00 | 0.81 |
| Martin Ratio | 10.37 | 9.18 |
| Ulcer Index | 1.50% | 1.66% |
| Daily Std Dev | 8.07% | 8.65% |
| Max Drawdown | -65.55% | -30.93% |
| Current Drawdown | -2.10% | -6.05% |
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PFF vs. PFFD - Expense Ratio Comparison
PFF has a 0.46% expense ratio, which is higher than PFFD's 0.23% expense ratio.
Correlation
The correlation between PFF and PFFD is 0.87, 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.
Risk-Adjusted Performance
PFF vs. PFFD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) and Global X U.S. Preferred ETF (PFFD). 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.
Dividends
PFF vs. PFFD - Dividend Comparison
PFF's dividend yield for the trailing twelve months is around 6.16%, which matches PFFD's 6.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 6.16% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.31% | 5.59% | 5.85% | 5.77% | 6.32% | 6.61% |
PFFD Global X U.S. Preferred ETF | 6.20% | 6.49% | 6.63% | 5.09% | 5.19% | 5.49% | 6.22% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFF vs. PFFD - Drawdown Comparison
The maximum PFF drawdown since its inception was -65.55%, which is greater than PFFD's maximum drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for PFF and PFFD. For additional features, visit the drawdowns tool.
Volatility
PFF vs. PFFD - Volatility Comparison
The current volatility for iShares Preferred and Income Securities ETF (PFF) is 2.57%, while Global X U.S. Preferred ETF (PFFD) has a volatility of 2.91%. This indicates that PFF experiences smaller price fluctuations and is considered to be less risky than PFFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.