PFFL vs. PFXF
Compare and contrast key facts about ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) and VanEck Vectors Preferred Securities ex Financials ETF (PFXF).
PFFL and PFXF 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. PFXF is a passively managed fund by VanEck that tracks the performance of the Wells Fargo Hybrid and Preferred Securities ex Financials Index. It was launched on Jul 16, 2012. Both PFFL and PFXF 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 PFXF.
Performance
PFFL vs. PFXF - Performance Comparison
Returns By Period
In the year-to-date period, PFFL achieves a 12.74% return, which is significantly higher than PFXF's 10.30% return.
PFFL
12.74%
-6.80%
9.54%
22.21%
-6.97%
N/A
PFXF
10.30%
-1.72%
6.22%
15.60%
4.07%
4.60%
Key characteristics
| PFFL | PFXF | |
|---|---|---|
| Sharpe Ratio | 1.11 | 1.87 |
| Sortino Ratio | 1.58 | 2.62 |
| Omega Ratio | 1.21 | 1.33 |
| Calmar Ratio | 0.49 | 1.11 |
| Martin Ratio | 5.48 | 9.58 |
| Ulcer Index | 4.27% | 1.65% |
| Daily Std Dev | 21.06% | 8.47% |
| Max Drawdown | -80.68% | -35.49% |
| Current Drawdown | -35.11% | -1.82% |
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PFFL vs. PFXF - Expense Ratio Comparison
PFFL has a 0.85% expense ratio, which is higher than PFXF's 0.41% expense ratio.
Correlation
The correlation between PFFL and PFXF is 0.78, 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.
Risk-Adjusted Performance
PFFL vs. PFXF - 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 VanEck Vectors Preferred Securities ex Financials ETF (PFXF). 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. PFXF - Dividend Comparison
PFFL's dividend yield for the trailing twelve months is around 12.06%, more than PFXF's 6.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | 12.06% | 13.72% | 13.91% | 8.81% | 9.76% | 12.04% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 6.90% | 7.89% | 6.74% | 4.67% | 5.19% | 5.35% | 6.57% | 5.93% | 5.81% | 5.98% | 5.92% | 6.50% |
Drawdowns
PFFL vs. PFXF - Drawdown Comparison
The maximum PFFL drawdown since its inception was -80.68%, which is greater than PFXF's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for PFFL and PFXF. For additional features, visit the drawdowns tool.
Volatility
PFFL vs. PFXF - Volatility Comparison
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) has a higher volatility of 7.54% compared to VanEck Vectors Preferred Securities ex Financials ETF (PFXF) at 3.09%. This indicates that PFFL's price experiences larger fluctuations and is considered to be riskier than PFXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.