PFFD vs. HYLB
PFFD (Global X U.S. Preferred ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both exchange-traded funds - PFFD is a Preferred Stock fund tracking the ICE BofA Diversified Core U.S. Preferred Securities Index, while HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 5 years, PFFD returned -0.75%/yr vs 3.86%/yr for HYLB. Their 0.61 correlation means they have sometimes moved together and sometimes differently. PFFD charges 0.23%/yr vs 0.15%/yr for HYLB.
Performance
PFFD vs. HYLB - Performance Comparison
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Returns By Period
In the year-to-date period, PFFD achieves a 1.09% return, which is significantly lower than HYLB's 1.76% return.
PFFD
- 1D
- 0.00%
- 1M
- -0.32%
- 6M
- -1.56%
- YTD
- 1.09%
- 1Y
- 3.11%
- 3Y*
- 4.85%
- 5Y*
- -0.75%
- 10Y*
- —
- ALL TIME*
- 2.43%
HYLB
- 1D
- 0.00%
- 1M
- -0.27%
- 6M
- 1.16%
- YTD
- 1.76%
- 1Y
- 5.27%
- 3Y*
- 8.33%
- 5Y*
- 3.86%
- 10Y*
- —
- ALL TIME*
- 4.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.71M | $36.91M | $41.99M | |
| $13.88M | $14.42M | $12.01M |
PFFD vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 1.09% | 3.22% | 7.07% | 6.85% | -20.20% | 5.07% | 8.90% | 17.43% | -3.94% | 0.69% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.76% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 14.06% | -1.80% | 0.70% |
Correlation
The correlation between PFFD and HYLB is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017 | 0.61 |
The correlation between PFFD and HYLB has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
PFFD vs. HYLB — Risk / Return Rank
PFFD
HYLB
PFFD vs. HYLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Preferred ETF (PFFD) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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.
| PFFD | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.28 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 2.33 | -1.82 |
| Martin ratioReturn relative to average drawdown | 1.39 | 9.81 | -8.43 |
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Drawdowns
PFFD vs. HYLB - Drawdown Comparison
The maximum PFFD drawdown since its inception was -30.93%, which is greater than HYLB's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for PFFD and HYLB.
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Drawdown Indicators
| PFFD | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.93% | -22.91% | -8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.97% | -2.27% | -3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -10.84% | -4.51% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.45% | -15.54% | -8.91% |
Current DrawdownCurrent decline from peak | -4.81% | -0.41% | -4.40% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -2.40% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.54% | +1.63% |
Volatility
PFFD vs. HYLB - Volatility Comparison
Global X U.S. Preferred ETF (PFFD) has a higher volatility of 2.54% compared to Xtrackers USD High Yield Corporate Bond ETF (HYLB) at 0.79%. This indicates that PFFD's price experiences larger fluctuations and is considered to be riskier than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFFD | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.79% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 5.69% | 3.08% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 3.75% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 7.47% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.68% | 8.12% | +4.56% |
PFFD vs. HYLB - Expense Ratio Comparison
PFFD has a 0.23% expense ratio, which is higher than HYLB's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PFFD vs. HYLB - Dividend Comparison
PFFD's dividend yield for the trailing twelve months is around 6.48%, which matches HYLB's 6.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 5.97% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
PFFD Global X U.S. Preferred ETF | 5.94% | 6.37% | 6.42% | 6.49% | 6.63% | 5.09% | 5.17% | 5.48% | 6.21% | 1.94% | 0.00% |
Frequently Asked Questions
PFFD and HYLB have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFFD has higher volatility (2.54%) compared to HYLB (0.79%). In terms of maximum drawdown, PFFD dropped -30.93% vs HYLB's -22.91%.
On 5-year performance, HYLB leads with 3.86% vs -0.75% for PFFD. On fees, HYLB is cheaper at 0.15% per year. On volatility, HYLB has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYLB has performed better with a 3.86% return vs -0.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.23% for PFFD.
HYLB has the higher dividend yield at 5.97%, compared with 5.94% for PFFD.
PFFD is categorized as Preferred Stock, while HYLB is High Yield Bonds. PFFD tracks ICE BofA Diversified Core U.S. Preferred Securities Index, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: Global X and DWS. Their fees differ too: 0.23% for PFFD and 0.15% for HYLB.
HYLB currently has the higher Sharpe Ratio (1.41 vs 0.41), 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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