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 5.32% vs 4.04% for IBID. At a 0.22 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 -1.72% return, which is significantly lower than IBID's 1.99% return.
PFFL
- 1D
- -1.92%
- 1M
- -1.21%
- YTD
- -1.72%
- 6M
- -2.34%
- 1Y
- 5.32%
- 3Y*
- 4.24%
- 5Y*
- -6.56%
- 10Y*
- —
IBID
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.08%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFFL vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PFFL ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN | -1.72% | 2.18% | 4.77% | 8.94% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 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 0.22 (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 | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -5.00 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.75 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 8.22 | -7.77 |
| Martin ratioReturn relative to average drawdown | 1.04 | 30.99 | -29.95 |
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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% | -0.49% | -11.43% |
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 | -39.45% | -0.49% | -38.96% |
Average DrawdownAverage peak-to-trough decline | -28.58% | -0.22% | -28.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 0.13% | +4.98% |
Volatility
PFFL vs. IBID - Volatility Comparison
ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) has a higher volatility of 4.11% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. 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 | 4.11% | 0.35% | +3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 0.86% | +9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 1.23% | +15.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.66% | 2.24% | +21.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.18% | 2.24% | +52.94% |
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 13.11%, more than IBID's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFFL ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN | 13.11% | 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 (4.11%) compared to IBID (0.35%). In terms of maximum drawdown, PFFL dropped -80.68% vs IBID's -1.28%.
On 1-year performance, PFFL leads with 5.32% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PFFL has performed better with a 5.32% return vs 4.04%. 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 13.11%, compared with 3.68% 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 (3.29 vs 0.31), 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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