PFFD vs. FTSL
Compare and contrast key facts about Global X U.S. Preferred ETF (PFFD) and First Trust Senior Loan Fund (FTSL).
PFFD and FTSL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFFD is a passively managed fund by Global X that tracks the performance of the ICE BofAML Diversified Core U.S. Preferred Securities Index. It was launched on Sep 11, 2017. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFFD or FTSL.
Key characteristics
| PFFD | FTSL | |
|---|---|---|
| YTD Return | 10.81% | 7.26% |
| 1Y Return | 17.59% | 9.23% |
| 3Y Return (Ann) | -1.46% | 5.47% |
| 5Y Return (Ann) | 1.86% | 4.96% |
| Sharpe Ratio | 2.08 | 4.77 |
| Sortino Ratio | 2.94 | 7.27 |
| Omega Ratio | 1.38 | 2.26 |
| Calmar Ratio | 0.92 | 8.54 |
| Martin Ratio | 11.24 | 58.51 |
| Ulcer Index | 1.61% | 0.16% |
| Daily Std Dev | 8.69% | 1.94% |
| Max Drawdown | -30.93% | -22.67% |
| Current Drawdown | -5.59% | -0.02% |
Correlation
The correlation between PFFD and FTSL is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PFFD vs. FTSL - Performance Comparison
In the year-to-date period, PFFD achieves a 10.81% return, which is significantly higher than FTSL'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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PFFD vs. FTSL - Expense Ratio Comparison
PFFD has a 0.23% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Risk-Adjusted Performance
PFFD vs. FTSL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Preferred ETF (PFFD) and First Trust Senior Loan Fund (FTSL). 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
PFFD vs. FTSL - Dividend Comparison
PFFD's dividend yield for the trailing twelve months is around 6.17%, less than FTSL's 7.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 6.17% | 6.49% | 6.63% | 5.09% | 5.19% | 5.49% | 6.22% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% |
FTSL First Trust Senior Loan Fund | 7.64% | 7.59% | 4.77% | 3.18% | 3.48% | 4.45% | 4.29% | 3.64% | 3.70% | 3.95% | 3.75% | 2.64% |
Drawdowns
PFFD vs. FTSL - Drawdown Comparison
The maximum PFFD drawdown since its inception was -30.93%, which is greater than FTSL's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for PFFD and FTSL. For additional features, visit the drawdowns tool.
Volatility
PFFD vs. FTSL - Volatility Comparison
Global X U.S. Preferred ETF (PFFD) has a higher volatility of 2.95% compared to First Trust Senior Loan Fund (FTSL) at 0.49%. This indicates that PFFD's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.