PFFL vs. IBID
PFFL (ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - PFFL is a Preferred Stock/Convertible Bonds fund tracking the Solactive Preferred Stock ETF Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, PFFL returned -2.06% vs 3.98% for IBID. At a 0.21 correlation, their price movements are largely independent. PFFL charges 0.85%/yr vs 0.10%/yr for IBID.
Performance
PFFL vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, PFFL achieves a -3.57% return, which is significantly lower than IBID's 2.35% return.
PFFL
- 1D
- -0.48%
- 1M
- -2.65%
- 6M
- -6.30%
- YTD
- -3.57%
- 1Y
- -2.06%
- 3Y*
- 2.84%
- 5Y*
- -7.00%
- 10Y*
- —
IBID
- 1D
- 0.06%
- 1M
- -0.06%
- 6M
- 2.28%
- YTD
- 2.35%
- 1Y
- 3.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFFL vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PFFL ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN | -3.57% | 2.18% | 4.77% | 8.94% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 2.35% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between PFFL and IBID is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.22 |
The correlation between PFFL and IBID shifts across timeframes, from -0.07 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PFFL vs. IBID — Risk / Return Rank
PFFL
IBID
PFFL vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.
| PFFL | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.36 | ||
| Sortino ratioReturn per unit of downside risk | -5.50 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.72 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 7.26 | -7.44 |
| Martin ratioReturn relative to average drawdown | -0.37 | 25.39 | -25.76 |
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Drawdowns
PFFL vs. IBID - Drawdown Comparison
The maximum PFFL drawdown since its inception was -80.68%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for PFFL and IBID.
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Drawdown Indicators
| PFFL | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.68% | -1.28% | -79.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -0.55% | -11.37% |
Max Drawdown (3Y)Largest decline over 3 years | -23.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -48.51% | — | — |
Current DrawdownCurrent decline from peak | -40.60% | -0.14% | -40.46% |
Average DrawdownAverage peak-to-trough decline | -28.67% | -0.23% | -28.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 0.16% | +5.39% |
Volatility
PFFL vs. IBID - Volatility Comparison
ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) has a higher volatility of 4.25% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.39%. This indicates that PFFL's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFFL | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 0.39% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 0.90% | +10.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 1.24% | +15.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 2.23% | +21.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.99% | 2.23% | +52.76% |
PFFL vs. IBID - Expense Ratio Comparison
PFFL has a 0.85% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
PFFL vs. IBID - Dividend Comparison
PFFL's dividend yield for the trailing twelve months is around 13.37%, more than IBID's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 4.90% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFFL ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN | 13.37% | 13.27% | 13.76% | 13.71% | 13.90% | 8.82% | 9.75% | 11.21% | 2.02% |
Frequently Asked Questions
PFFL and IBID have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFFL has higher volatility (4.25%) compared to IBID (0.39%). In terms of maximum drawdown, PFFL dropped -80.68% vs IBID's -1.28%.
On 1-year performance, IBID leads with 3.98% vs -2.06% for PFFL. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBID has performed better with a 3.98% return vs -2.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.85% for PFFL.
PFFL has the higher dividend yield at 13.37%, compared with 4.90% for IBID.
PFFL is categorized as Preferred Stock/Convertible Bonds, while IBID is Inflation-Protected Bonds. PFFL tracks Solactive Preferred Stock ETF Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.85% for PFFL and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.23 vs -0.12), 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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