PFFA vs. SPY
Compare and contrast key facts about Virtus InfraCap U.S. Preferred Stock ETF (PFFA) and SPDR S&P 500 ETF (SPY).
PFFA and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFFA is an actively managed fund by Virtus Investment Partners. It was launched on May 15, 2018. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFFA or SPY.
Key characteristics
| PFFA | SPY | |
|---|---|---|
| YTD Return | 1.65% | 7.26% |
| 1Y Return | 19.76% | 25.03% |
| 3Y Return (Ann) | 3.39% | 8.37% |
| 5Y Return (Ann) | 5.36% | 13.44% |
| Sharpe Ratio | 1.79 | 2.35 |
| Daily Std Dev | 11.82% | 11.68% |
| Max Drawdown | -70.52% | -55.19% |
| Current Drawdown | -2.84% | -2.85% |
Correlation
The correlation between PFFA and SPY is 0.54, 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
PFFA vs. SPY - Performance Comparison
In the year-to-date period, PFFA achieves a 1.65% return, which is significantly lower than SPY's 7.26% 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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PFFA vs. SPY - Expense Ratio Comparison
PFFA has a 1.47% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PFFA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus InfraCap U.S. Preferred Stock ETF (PFFA) and SPDR S&P 500 ETF (SPY). 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
PFFA vs. SPY - Dividend Comparison
PFFA's dividend yield for the trailing twelve months is around 9.76%, more than SPY's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 9.76% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.32% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PFFA vs. SPY - Drawdown Comparison
The maximum PFFA drawdown since its inception was -70.52%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PFFA and SPY. For additional features, visit the drawdowns tool.
Volatility
PFFA vs. SPY - Volatility Comparison
Virtus InfraCap U.S. Preferred Stock ETF (PFFA) and SPDR S&P 500 ETF (SPY) have volatilities of 3.50% and 3.58%, 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.