PFFD vs. IPPP

Last updated Apr 1, 2026

Compare and contrast key facts about Global X U.S. Preferred ETF (PFFD) and Preferred-Plus ETF (IPPP).

PFFD and IPPP 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. IPPP is an actively managed fund by Innovative Portfolios. It was launched on Dec 24, 2018.

Performance

PFFD vs. IPPP - Performance Comparison

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

PFFD vs. IPPP - Yearly Performance Comparison

	2026 (YTD)
PFFD Global X U.S. Preferred ETF	-4.02%
IPPP Preferred-Plus ETF	0.00%

Returns By Period

PFFD

• 1D: 0.88%
• 1M: -3.92%
• YTD: -1.68%
• 6M: -2.29%
• 1Y: 2.93%
• 3Y*: 3.89%
• 5Y*: -0.52%
• 10Y*: —

IPPP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PFFD vs. IPPP - Expense Ratio Comparison

PFFD has a 0.23% expense ratio, which is lower than IPPP's 1.27% expense ratio.

IPPP

Preferred-Plus ETF

PFFD

Global X U.S. Preferred ETF

Return for Risk

PFFD vs. IPPP — Risk / Return Rank

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

PFFD

PFFD Risk / Return Rank: 22
PFFD Sharpe Ratio Rank: 23
PFFD Sortino Ratio Rank: 21
PFFD Omega Ratio Rank: 21
PFFD Calmar Ratio Rank: 22
PFFD Martin Ratio Rank: 21

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. IPPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Preferred ETF (PFFD) and Preferred-Plus ETF (IPPP). 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	IPPP	Difference
Sharpe ratio Return per unit of total volatility	0.35	—	—
Sortino ratio Return per unit of downside risk	0.54	—	—
Omega ratio Gain probability vs. loss probability	1.07	—	—
Calmar ratio Return relative to maximum drawdown	0.41	—	—
Martin ratio Return relative to average drawdown	1.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PFFD	IPPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	—	—

Dividends

PFFD vs. IPPP - Dividend Comparison

PFFD's dividend yield for the trailing twelve months is around 6.52%, while IPPP has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFFD Global X U.S. Preferred ETF	6.52%	6.37%	6.42%	6.49%	6.63%	5.09%	5.17%	5.48%	6.21%	1.94%
IPPP Preferred-Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PFFD vs. IPPP - Drawdown Comparison

The maximum PFFD drawdown since its inception was -30.93%, which is greater than IPPP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PFFD and IPPP.

Drawdown Indicators

	PFFD	IPPP	Difference
Max Drawdown Largest peak-to-trough decline	-30.93%	0.00%	-30.93%
Max Drawdown (1Y) Largest decline over 1 year	-5.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.45%	—	—
Current Drawdown Current decline from peak	-7.42%	0.00%	-7.42%
Average Drawdown Average peak-to-trough decline	-6.64%	0.00%	-6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	—	—

Volatility

Volatility by Period

	PFFD	IPPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.41%	0.00%	+8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.95%	0.00%	+10.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.84%	0.00%	+12.84%