PFFD vs. PFF
Compare and contrast key facts about Global X U.S. Preferred ETF (PFFD) and iShares Preferred and Income Securities ETF (PFF).
PFFD and PFF 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. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. It was launched on Mar 30, 2007. Both PFFD and PFF 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 PFF.
Key characteristics
| PFFD | PFF | |
|---|---|---|
| YTD Return | 10.86% | 10.27% |
| 1Y Return | 16.08% | 15.74% |
| 3Y Return (Ann) | -1.44% | 0.05% |
| 5Y Return (Ann) | 1.84% | 2.88% |
| Sharpe Ratio | 2.03 | 2.13 |
| Sortino Ratio | 2.88 | 2.98 |
| Omega Ratio | 1.37 | 1.39 |
| Calmar Ratio | 0.93 | 1.10 |
| Martin Ratio | 10.96 | 11.86 |
| Ulcer Index | 1.61% | 1.46% |
| Daily Std Dev | 8.68% | 8.11% |
| Max Drawdown | -30.93% | -65.55% |
| Current Drawdown | -5.54% | -2.01% |
Correlation
The correlation between PFFD and PFF is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PFFD vs. PFF - Performance Comparison
In the year-to-date period, PFFD achieves a 10.86% return, which is significantly higher than PFF's 10.27% 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. PFF - Expense Ratio Comparison
PFFD has a 0.23% expense ratio, which is lower than PFF's 0.46% expense ratio.
Risk-Adjusted Performance
PFFD vs. PFF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Preferred ETF (PFFD) and iShares Preferred and Income Securities ETF (PFF). 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. PFF - Dividend Comparison
PFFD's dividend yield for the trailing twelve months is around 6.16%, which matches PFF's 6.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 6.16% | 6.49% | 6.63% | 5.09% | 5.19% | 5.49% | 6.22% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% |
PFF iShares Preferred and Income Securities ETF | 6.16% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.31% | 5.59% | 5.85% | 5.77% | 6.32% | 6.61% |
Drawdowns
PFFD vs. PFF - Drawdown Comparison
The maximum PFFD drawdown since its inception was -30.93%, smaller than the maximum PFF drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for PFFD and PFF. For additional features, visit the drawdowns tool.
Volatility
PFFD vs. PFF - Volatility Comparison
Global X U.S. Preferred ETF (PFFD) has a higher volatility of 2.94% compared to iShares Preferred and Income Securities ETF (PFF) at 2.75%. This indicates that PFFD's price experiences larger fluctuations and is considered to be riskier than PFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.