PFF vs. PSK
Compare and contrast key facts about iShares Preferred and Income Securities ETF (PFF) and SPDR ICE Preferred Securities ETF (PSK).
PFF and PSK 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. PSK is a passively managed fund by State Street that tracks the performance of the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index. It was launched on Sep 16, 2009. Both PFF and PSK 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 PSK.
Key characteristics
| PFF | PSK | |
|---|---|---|
| YTD Return | 2.73% | 2.30% |
| 1Y Return | 12.02% | 9.66% |
| 3Y Return (Ann) | -1.29% | -2.61% |
| 5Y Return (Ann) | 2.45% | 0.98% |
| 10Y Return (Ann) | 3.35% | 3.43% |
| Sharpe Ratio | 1.35 | 1.00 |
| Daily Std Dev | 9.42% | 10.51% |
| Max Drawdown | -65.55% | -30.10% |
| Current Drawdown | -8.61% | -10.12% |
Correlation
The correlation between PFF and PSK is 0.82, 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. PSK - Performance Comparison
In the year-to-date period, PFF achieves a 2.73% return, which is significantly higher than PSK's 2.30% return. Both investments have delivered pretty close results over the past 10 years, with PFF having a 3.35% annualized return and PSK not far ahead at 3.43%. 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. PSK - Expense Ratio Comparison
PFF has a 0.46% expense ratio, which is higher than PSK's 0.45% expense ratio.
Risk-Adjusted Performance
PFF vs. PSK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) and SPDR ICE Preferred Securities ETF (PSK). 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. PSK - Dividend Comparison
PFF's dividend yield for the trailing twelve months is around 6.37%, which matches PSK's 6.43% 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% |
PSK SPDR ICE Preferred Securities ETF | 6.43% | 6.44% | 6.55% | 5.03% | 5.49% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% | 7.73% |
Drawdowns
PFF vs. PSK - Drawdown Comparison
The maximum PFF drawdown since its inception was -65.55%, which is greater than PSK's maximum drawdown of -30.10%. Use the drawdown chart below to compare losses from any high point for PFF and PSK. For additional features, visit the drawdowns tool.
Volatility
PFF vs. PSK - Volatility Comparison
The current volatility for iShares Preferred and Income Securities ETF (PFF) is 3.44%, while SPDR ICE Preferred Securities ETF (PSK) has a volatility of 3.75%. This indicates that PFF experiences smaller price fluctuations and is considered to be less risky than PSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.