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.
Key characteristics
| PFF | PFFD | |
|---|---|---|
| YTD Return | 2.73% | 2.72% |
| 1Y Return | 12.02% | 10.01% |
| 3Y Return (Ann) | -1.29% | -3.09% |
| 5Y Return (Ann) | 2.45% | 1.55% |
| Sharpe Ratio | 1.35 | 1.05 |
| Daily Std Dev | 9.42% | 10.33% |
| Max Drawdown | -65.55% | -30.93% |
| Current Drawdown | -8.61% | -12.48% |
Correlation
The correlation between PFF and PFFD is 0.86, 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.
Performance
PFF vs. PFFD - Performance Comparison
The year-to-date returns for both stocks are quite close, with PFF having a 2.73% return and PFFD slightly lower at 2.72%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 6.37%, less than PFFD's 6.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 6.37% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% | 6.32% | 6.60% |
PFFD Global X U.S. Preferred ETF | 6.46% | 6.49% | 6.63% | 5.09% | 5.17% | 5.48% | 6.21% | 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
iShares Preferred and Income Securities ETF (PFF) and Global X U.S. Preferred ETF (PFFD) have volatilities of 3.44% and 3.56%, 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.