PFFL vs. IIPR
Compare and contrast key facts about ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) and Innovative Industrial Properties, Inc. (IIPR).
PFFL is a passively managed fund by UBS that tracks the performance of the Solactive Preferred Stock ETF Index (+200%). It was launched on Sep 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFFL or IIPR.
Key characteristics
| PFFL | IIPR | |
|---|---|---|
| YTD Return | 16.32% | 12.26% |
| 1Y Return | 34.50% | 51.98% |
| 3Y Return (Ann) | -7.60% | -22.16% |
| 5Y Return (Ann) | -6.44% | 11.75% |
| Sharpe Ratio | 1.56 | 1.72 |
| Sortino Ratio | 2.17 | 2.25 |
| Omega Ratio | 1.28 | 1.31 |
| Calmar Ratio | 0.65 | 0.76 |
| Martin Ratio | 7.85 | 9.50 |
| Ulcer Index | 4.17% | 5.61% |
| Daily Std Dev | 20.91% | 31.05% |
| Max Drawdown | -80.68% | -75.43% |
| Current Drawdown | -33.06% | -53.76% |
Correlation
The correlation between PFFL and IIPR is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PFFL vs. IIPR - Performance Comparison
In the year-to-date period, PFFL achieves a 16.32% return, which is significantly higher than IIPR's 12.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
PFFL vs. IIPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) and Innovative Industrial Properties, Inc. (IIPR). 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
PFFL vs. IIPR - Dividend Comparison
PFFL's dividend yield for the trailing twelve months is around 10.54%, more than IIPR's 6.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | 10.54% | 13.72% | 13.91% | 8.81% | 9.76% | 12.04% | 2.02% | 0.00% |
IIPR Innovative Industrial Properties, Inc. | 6.91% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 2.64% | 1.70% |
Drawdowns
PFFL vs. IIPR - Drawdown Comparison
The maximum PFFL drawdown since its inception was -80.68%, which is greater than IIPR's maximum drawdown of -75.43%. Use the drawdown chart below to compare losses from any high point for PFFL and IIPR. For additional features, visit the drawdowns tool.
Volatility
PFFL vs. IIPR - Volatility Comparison
The current volatility for ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) is 5.95%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 14.80%. This indicates that PFFL experiences smaller price fluctuations and is considered to be less risky than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.