PFFD vs. HYG
Compare and contrast key facts about Global X U.S. Preferred ETF (PFFD) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
PFFD and HYG 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. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both PFFD and HYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFFD or HYG.
Key characteristics
| PFFD | HYG | |
|---|---|---|
| YTD Return | 12.76% | 9.03% |
| 1Y Return | 20.78% | 15.58% |
| 3Y Return (Ann) | -1.23% | 2.74% |
| 5Y Return (Ann) | 2.32% | 3.67% |
| Sharpe Ratio | 2.25 | 3.10 |
| Sortino Ratio | 3.18 | 4.87 |
| Omega Ratio | 1.41 | 1.61 |
| Calmar Ratio | 0.96 | 2.25 |
| Martin Ratio | 12.23 | 24.23 |
| Ulcer Index | 1.60% | 0.61% |
| Daily Std Dev | 8.66% | 4.80% |
| Max Drawdown | -30.93% | -34.24% |
| Current Drawdown | -3.92% | 0.00% |
Correlation
The correlation between PFFD and HYG is 0.59, 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
PFFD vs. HYG - Performance Comparison
In the year-to-date period, PFFD achieves a 12.76% return, which is significantly higher than HYG's 9.03% 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. HYG - Expense Ratio Comparison
PFFD has a 0.23% expense ratio, which is lower than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
PFFD vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Preferred ETF (PFFD) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
PFFD's dividend yield for the trailing twelve months is around 6.06%, less than HYG's 6.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 6.06% | 6.49% | 6.63% | 5.09% | 5.19% | 5.49% | 6.22% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.34% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
PFFD vs. HYG - Drawdown Comparison
The maximum PFFD drawdown since its inception was -30.93%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for PFFD and HYG. For additional features, visit the drawdowns tool.
Volatility
PFFD vs. HYG - Volatility Comparison
Global X U.S. Preferred ETF (PFFD) has a higher volatility of 2.76% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.06%. This indicates that PFFD's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.