PFFA vs. RIET
PFFA (Virtus InfraCap U.S. Preferred Stock ETF) and RIET (Hoya Capital High Dividend Yield ETF) are both exchange-traded funds - PFFA is a Preferred Stock/Convertible Bonds fund actively managed by Virtus Investment Partners, while RIET is a REIT fund tracking the Hoya Capital High Dividend Yield Index. PFFA is actively managed, while RIET is passively managed. Over the past 3 years, PFFA returned 14.42%/yr vs 7.55%/yr for RIET. A 0.60 correlation means they provide meaningful diversification when combined. PFFA charges 1.47%/yr vs 0.50%/yr for RIET.
Performance
PFFA vs. RIET - Performance Comparison
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Returns By Period
In the year-to-date period, PFFA achieves a 3.08% return, which is significantly lower than RIET's 7.58% return.
PFFA
- 1D
- 0.19%
- 1M
- -0.14%
- YTD
- 3.08%
- 6M
- 2.32%
- 1Y
- 12.59%
- 3Y*
- 14.42%
- 5Y*
- 6.42%
- 10Y*
- —
RIET
- 1D
- 0.45%
- 1M
- 0.82%
- YTD
- 7.58%
- 6M
- 7.08%
- 1Y
- 11.87%
- 3Y*
- 7.55%
- 5Y*
- —
- 10Y*
- —
PFFA vs. RIET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 3.08% | 8.22% | 16.11% | 26.45% | -20.91% | 3.22% |
RIET Hoya Capital High Dividend Yield ETF | 7.58% | 2.43% | 1.18% | 13.04% | -25.29% | 5.14% |
Correlation
The correlation between PFFA and RIET is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.60 |
The correlation between PFFA and RIET shifts across timeframes, from 0.46 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PFFA vs. RIET — Risk / Return Rank
PFFA
RIET
PFFA vs. RIET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus InfraCap U.S. Preferred Stock ETF (PFFA) and Hoya Capital High Dividend Yield ETF (RIET). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFFA | RIET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.36 | +0.59 |
| Martin ratioReturn relative to average drawdown | 6.47 | 3.54 | +2.93 |
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Drawdowns
PFFA vs. RIET - Drawdown Comparison
The maximum PFFA drawdown since its inception was -70.52%, which is greater than RIET's maximum drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for PFFA and RIET.
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Drawdown Indicators
| PFFA | RIET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.52% | -34.61% | -35.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -8.76% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.15% | -18.38% | +6.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -7.27% | +5.77% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -16.32% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 3.36% | -1.41% |
Volatility
PFFA vs. RIET - Volatility Comparison
The current volatility for Virtus InfraCap U.S. Preferred Stock ETF (PFFA) is 2.17%, while Hoya Capital High Dividend Yield ETF (RIET) has a volatility of 3.98%. This indicates that PFFA experiences smaller price fluctuations and is considered to be less risky than RIET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFFA | RIET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 3.98% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 5.89% | 9.46% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.13% | 13.30% | -6.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.53% | 18.96% | -7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.76% | 18.96% | +12.80% |
PFFA vs. RIET - Expense Ratio Comparison
PFFA has a 1.47% expense ratio, which is higher than RIET's 0.50% expense ratio.
Dividends
PFFA vs. RIET - Dividend Comparison
PFFA's dividend yield for the trailing twelve months is around 9.62%, less than RIET's 10.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 9.62% | 9.47% | 9.18% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% |
RIET Hoya Capital High Dividend Yield ETF | 10.83% | 11.04% | 10.17% | 9.33% | 9.33% | 1.99% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PFFA and RIET have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIET has higher volatility (3.98%) compared to PFFA (2.17%). In terms of maximum drawdown, PFFA dropped -70.52% vs RIET's -34.61%.
On 3-year performance, PFFA leads with 14.42% vs 7.55% for RIET. On fees, RIET is cheaper at 0.50% per year. On volatility, PFFA has been the lower-risk option at 2.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PFFA has performed better with a 14.42% return vs 7.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RIET is cheaper with a 0.50% expense ratio, compared with 1.47% for PFFA.
RIET has the higher dividend yield at 10.83%, compared with 9.62% for PFFA.
PFFA is categorized as Preferred Stock/Convertible Bonds, while RIET is REIT. They also come from different issuers: Virtus Investment Partners and Pettee Investors. Their fees differ too: 1.47% for PFFA and 0.50% for RIET.
PFFA currently has the higher Sharpe Ratio (1.77 vs 0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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