PFFL vs. PFF
Compare and contrast key facts about ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) and iShares Preferred and Income Securities ETF (PFF).
PFFL and PFF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 PFFL 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: PFFL or PFF.
Key characteristics
| PFFL | PFF | |
|---|---|---|
| YTD Return | 9.92% | 10.34% |
| 1Y Return | 23.25% | 17.33% |
| 3Y Return (Ann) | -9.33% | 0.07% |
| 5Y Return (Ann) | -7.52% | 2.91% |
| Sharpe Ratio | 1.25 | 2.21 |
| Sortino Ratio | 1.75 | 3.09 |
| Omega Ratio | 1.23 | 1.41 |
| Calmar Ratio | 0.56 | 1.10 |
| Martin Ratio | 6.43 | 12.37 |
| Ulcer Index | 4.21% | 1.45% |
| Daily Std Dev | 21.62% | 8.12% |
| Max Drawdown | -80.68% | -65.55% |
| Current Drawdown | -36.75% | -1.95% |
Correlation
The correlation between PFFL 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
PFFL vs. PFF - Performance Comparison
The year-to-date returns for both investments are quite close, with PFFL having a 9.92% return and PFF slightly higher at 10.34%. 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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PFFL vs. PFF - Expense Ratio Comparison
PFFL has a 0.85% expense ratio, which is higher than PFF's 0.46% expense ratio.
Risk-Adjusted Performance
PFFL vs. PFF - 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 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
PFFL vs. PFF - Dividend Comparison
PFFL's dividend yield for the trailing twelve months is around 11.16%, more than PFF's 6.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | 11.16% | 13.72% | 13.91% | 8.81% | 9.76% | 12.04% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFF iShares Preferred and Income Securities ETF | 6.15% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.31% | 5.59% | 5.85% | 5.77% | 6.32% | 6.61% |
Drawdowns
PFFL vs. PFF - Drawdown Comparison
The maximum PFFL drawdown since its inception was -80.68%, which is greater than PFF's maximum drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for PFFL and PFF. For additional features, visit the drawdowns tool.
Volatility
PFFL vs. PFF - Volatility Comparison
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) has a higher volatility of 8.11% compared to iShares Preferred and Income Securities ETF (PFF) at 2.78%. This indicates that PFFL'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.