PFFD vs. PFFV
Compare and contrast key facts about Global X U.S. Preferred ETF (PFFD) and Global X Variable Rate Preferred ETF (PFFV).
PFFD and PFFV 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. PFFV is a passively managed fund by Global X that tracks the performance of the ICE U.S. Variable Rate Preferred Securities Index. It was launched on Jun 22, 2020. Both PFFD and PFFV 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 PFFV.
Key characteristics
| PFFD | PFFV | |
|---|---|---|
| YTD Return | 12.76% | 12.05% |
| 1Y Return | 20.78% | 17.46% |
| 3Y Return (Ann) | -1.23% | 2.06% |
| Sharpe Ratio | 2.25 | 2.61 |
| Sortino Ratio | 3.18 | 3.89 |
| Omega Ratio | 1.41 | 1.49 |
| Calmar Ratio | 0.96 | 1.74 |
| Martin Ratio | 12.23 | 18.93 |
| Ulcer Index | 1.60% | 0.89% |
| Daily Std Dev | 8.66% | 6.46% |
| Max Drawdown | -30.93% | -18.95% |
| Current Drawdown | -3.92% | 0.00% |
Correlation
The correlation between PFFD and PFFV is 0.80, 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. PFFV - Performance Comparison
In the year-to-date period, PFFD achieves a 12.76% return, which is significantly higher than PFFV's 12.05% 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. PFFV - Expense Ratio Comparison
PFFD has a 0.23% expense ratio, which is lower than PFFV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PFFD vs. PFFV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Preferred ETF (PFFD) and Global X Variable Rate Preferred ETF (PFFV). 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. PFFV - Dividend Comparison
PFFD's dividend yield for the trailing twelve months is around 6.06%, less than PFFV's 7.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 6.06% | 6.49% | 6.63% | 5.09% | 5.19% | 5.49% | 6.22% | 1.94% |
PFFV Global X Variable Rate Preferred ETF | 7.19% | 7.17% | 6.60% | 5.25% | 2.69% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFFD vs. PFFV - Drawdown Comparison
The maximum PFFD drawdown since its inception was -30.93%, which is greater than PFFV's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for PFFD and PFFV. For additional features, visit the drawdowns tool.
Volatility
PFFD vs. PFFV - Volatility Comparison
Global X U.S. Preferred ETF (PFFD) has a higher volatility of 2.76% compared to Global X Variable Rate Preferred ETF (PFFV) at 2.46%. This indicates that PFFD's price experiences larger fluctuations and is considered to be riskier than PFFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.