PFF vs. RNP
Compare and contrast key facts about iShares Preferred and Income Securities ETF (PFF) and Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFF or RNP.
Key characteristics
| PFF | RNP | |
|---|---|---|
| YTD Return | 2.44% | 2.13% |
| 1Y Return | 12.38% | 18.37% |
| 3Y Return (Ann) | -1.53% | 0.71% |
| 5Y Return (Ann) | 2.40% | 7.47% |
| 10Y Return (Ann) | 3.32% | 9.72% |
| Sharpe Ratio | 1.28 | 0.86 |
| Daily Std Dev | 9.43% | 20.12% |
| Max Drawdown | -65.55% | -87.10% |
| Current Drawdown | -8.87% | -14.14% |
Correlation
The correlation between PFF and RNP is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PFF vs. RNP - Performance Comparison
In the year-to-date period, PFF achieves a 2.44% return, which is significantly higher than RNP's 2.13% return. Over the past 10 years, PFF has underperformed RNP with an annualized return of 3.32%, while RNP has yielded a comparatively higher 9.72% annualized return. 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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Risk-Adjusted Performance
PFF vs. RNP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) and Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP). 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. RNP - Dividend Comparison
PFF's dividend yield for the trailing twelve months is around 6.39%, less than RNP's 7.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 6.39% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% | 6.32% | 6.60% |
RNP Cohen & Steers REIT and Preferred Income Fund, Inc. | 7.46% | 8.10% | 13.26% | 5.20% | 6.52% | 6.25% | 8.36% | 7.00% | 7.75% | 8.03% | 6.79% | 7.64% |
Drawdowns
PFF vs. RNP - Drawdown Comparison
The maximum PFF drawdown since its inception was -65.55%, smaller than the maximum RNP drawdown of -87.10%. Use the drawdown chart below to compare losses from any high point for PFF and RNP. For additional features, visit the drawdowns tool.
Volatility
PFF vs. RNP - Volatility Comparison
The current volatility for iShares Preferred and Income Securities ETF (PFF) is 3.77%, while Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has a volatility of 6.26%. This indicates that PFF experiences smaller price fluctuations and is considered to be less risky than RNP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.