PFFD vs. FPFD

Last updated Jun 4, 2026

PFFD (Global X U.S. Preferred ETF) and FPFD (Fidelity Preferred Securities & Income ETF) are both Preferred Stock/Convertible Bonds funds. PFFD is passively managed, while FPFD is actively managed. Over the past 3 years, PFFD returned 5.10%/yr vs 7.66%/yr for FPFD. A 0.73 correlation means they provide meaningful diversification when combined. PFFD charges 0.23%/yr vs 0.59%/yr for FPFD.

Performance

PFFD vs. FPFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. Preferred ETF (PFFD) and Fidelity Preferred Securities & Income ETF (FPFD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFFD achieves a 2.29% return, which is significantly higher than FPFD's 0.73% return.

PFFD

• 1D: -0.58%
• 1M: 0.16%
• YTD: 2.29%
• 6M: 2.67%
• 1Y: 7.65%
• 3Y*: 5.10%
• 5Y*: -0.16%
• 10Y*: —

FPFD

• 1D: -0.23%
• 1M: -0.51%
• YTD: 0.73%
• 6M: 0.81%
• 1Y: 6.27%
• 3Y*: 7.66%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PFFD vs. FPFD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PFFD Global X U.S. Preferred ETF	2.29%	3.22%	7.07%	6.85%	-20.20%	2.18%
FPFD Fidelity Preferred Securities & Income ETF	0.73%	6.46%	8.50%	10.91%	-17.11%	1.89%

Correlation

The correlation between PFFD and FPFD is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 18, 2021	0.73

The correlation between PFFD and FPFD has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

PFFD vs. FPFD - Sectors Allocation Comparison

Sectors	PFFD	FPFD
Financial Services	59.1%	16.4%
Utilities	15.3%	5.4%
Technology	6.3%	1.2%
Industrials	5.4%	0.8%
Communication Services	4.4%	3.5%
Real Estate	4.0%	1.6%
Basic Materials	3.0%	-
Consumer Cyclical	1.6%	0.3%
Healthcare	0.8%	-
Consumer Defensive	-	-
Energy	-	-

Return for Risk

PFFD vs. FPFD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFFD

PFFD Risk / Return Rank: 27
PFFD Sharpe Ratio Rank: 29
PFFD Sortino Ratio Rank: 28
PFFD Omega Ratio Rank: 27
PFFD Calmar Ratio Rank: 26
PFFD Martin Ratio Rank: 27

FPFD

FPFD Risk / Return Rank: 59
FPFD Sharpe Ratio Rank: 63
FPFD Sortino Ratio Rank: 68
FPFD Omega Ratio Rank: 69
FPFD Calmar Ratio Rank: 47
FPFD Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PFFD vs. FPFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Preferred ETF (PFFD) and Fidelity Preferred Securities & Income ETF (FPFD). 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.

	PFFD	FPFD	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.14	-1.07
Sortino ratio: Return per unit of downside risk	1.55	3.14	-1.59
Omega ratio: Gain probability vs. loss probability	1.19	1.42	-0.23
Calmar ratio: Return relative to maximum drawdown	1.29	2.29	-1.00
Martin ratio: Return relative to average drawdown	3.81	8.64	-4.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFFD vs. FPFD - Sharpe Ratio Comparison

The current PFFD Sharpe Ratio is 1.07, which is lower than the FPFD Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of PFFD and FPFD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PFFD	FPFD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	2.14	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.33	-0.12

Drawdowns

PFFD vs. FPFD - Drawdown Comparison

The maximum PFFD drawdown since its inception was -30.93%, which is greater than FPFD's maximum drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for PFFD and FPFD.

Drawdown Indicators

	PFFD	FPFD	Difference
Max Drawdown Largest peak-to-trough decline	-30.93%	-20.83%	-10.10%
Max Drawdown (1Y) Largest decline over 1 year	-5.97%	-2.75%	-3.22%
Max Drawdown (3Y) Largest decline over 3 years	-10.84%	-4.92%	-5.92%
Max Drawdown (5Y) Largest decline over 5 years	-24.45%	—	—
Current Drawdown Current decline from peak	-3.68%	-1.23%	-2.45%
Average Drawdown Average peak-to-trough decline	-6.59%	-6.82%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	0.73%	+1.28%

Volatility

PFFD vs. FPFD - Volatility Comparison

Global X U.S. Preferred ETF (PFFD) has a higher volatility of 2.09% compared to Fidelity Preferred Securities & Income ETF (FPFD) at 1.00%. This indicates that PFFD's price experiences larger fluctuations and is considered to be riskier than FPFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFFD	FPFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.09%	1.00%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	5.32%	2.24%	+3.08%
Volatility (1Y) Calculated over the trailing 1-year period	7.19%	2.95%	+4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.98%	5.32%	+5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.76%	5.32%	+7.44%

PFFD vs. FPFD - Expense Ratio Comparison

PFFD has a 0.23% expense ratio, which is lower than FPFD's 0.59% expense ratio.

Dividends

PFFD vs. FPFD - Dividend Comparison

PFFD's dividend yield for the trailing twelve months is around 6.37%, more than FPFD's 5.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FPFD Fidelity Preferred Securities & Income ETF	5.15%	5.04%	4.89%	5.09%	5.22%	1.59%	0.00%	0.00%	0.00%	0.00%
PFFD Global X U.S. Preferred ETF	6.37%	6.37%	6.42%	6.49%	6.63%	5.09%	5.17%	5.48%	6.21%	1.94%

Frequently Asked Questions

Can I hold both PFFD and FPFD in my portfolio?

PFFD and FPFD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFFD or FPFD?

PFFD has higher volatility (2.09%) compared to FPFD (1.00%). In terms of maximum drawdown, PFFD dropped -30.93% vs FPFD's -20.83%.

Which ETF is better, PFFD or FPFD?

On 3-year performance, FPFD leads with 7.66% vs 5.10% for PFFD. On fees, PFFD is cheaper at 0.23% per year. On volatility, FPFD has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PFFD or FPFD?

Over the 3-year period, FPFD has performed better with a 7.66% return vs 5.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PFFD or FPFD?

PFFD is cheaper with a 0.23% expense ratio, compared with 0.59% for FPFD.

Which ETF pays a higher dividend yield, PFFD or FPFD?

PFFD has the higher dividend yield at 6.37%, compared with 5.15% for FPFD.

What is the main difference between PFFD and FPFD?

They also come from different issuers: Global X and Fidelity. Their fees differ too: 0.23% for PFFD and 0.59% for FPFD.

Which has better risk-adjusted returns?

FPFD currently has the higher Sharpe Ratio (2.14 vs 1.07), 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.