PFFL vs. RPXIX

Last updated Jun 23, 2026

PFFL (ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN) and RPXIX (RiverPark Large Growth Fund) are both funds - PFFL is a Preferred Stock/Convertible Bonds fund tracking the Solactive Preferred Stock ETF Index, while RPXIX is a Large Cap Growth Equities fund managed by RiverPark Funds. Over the past 5 years, PFFL returned -6.56%/yr vs -0.18%/yr for RPXIX. At a 0.49 correlation, their price movements are largely independent. PFFL charges 0.85%/yr vs 0.91%/yr for RPXIX.

Performance

PFFL vs. RPXIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) and RiverPark Large Growth Fund (RPXIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFFL achieves a -1.72% return, which is significantly lower than RPXIX's -0.24% return.

PFFL

• 1D: -1.92%
• 1M: -1.21%
• YTD: -1.72%
• 6M: -2.34%
• 1Y: 5.32%
• 3Y*: 4.24%
• 5Y*: -6.56%
• 10Y*: —

RPXIX

• 1D: 1.04%
• 1M: -0.21%
• YTD: -0.24%
• 6M: -0.58%
• 1Y: 11.67%
• 3Y*: 17.08%
• 5Y*: -0.18%
• 10Y*: 11.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PFFL vs. RPXIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PFFL ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN	-1.72%	2.18%	4.77%	8.65%	-39.15%	7.52%	-15.47%	30.21%	-10.77%
RPXIX RiverPark Large Growth Fund	-0.24%	13.18%	22.55%	51.57%	-47.37%	1.09%	55.28%	32.49%	-17.64%

Correlation

The correlation between PFFL and RPXIX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 26, 2018	0.49

The correlation between PFFL and RPXIX shifts across timeframes, from 0.38 (3 years) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PFFL vs. RPXIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFFL

PFFL Risk / Return Rank: 13
PFFL Sharpe Ratio Rank: 13
PFFL Sortino Ratio Rank: 12
PFFL Omega Ratio Rank: 12
PFFL Calmar Ratio Rank: 13
PFFL Martin Ratio Rank: 13

RPXIX

RPXIX Risk / Return Rank: 9
RPXIX Sharpe Ratio Rank: 10
RPXIX Sortino Ratio Rank: 9
RPXIX Omega Ratio Rank: 9
RPXIX Calmar Ratio Rank: 8
RPXIX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PFFL vs. RPXIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) and RiverPark Large Growth Fund (RPXIX). 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	RPXIX	Difference
Sharpe ratio: Return per unit of total volatility	0.31	0.74	-0.43
Sortino ratio: Return per unit of downside risk	0.55	1.10	-0.54
Omega ratio: Gain probability vs. loss probability	1.07	1.14	-0.07
Calmar ratio: Return relative to maximum drawdown	0.45	0.72	-0.27
Martin ratio: Return relative to average drawdown	1.04	2.41	-1.37

PFFL vs. RPXIX - Sharpe Ratio Comparison

The current PFFL Sharpe Ratio is 0.31, which is lower than the RPXIX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of PFFL and RPXIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PFFL vs. RPXIX - Drawdown Comparison

The maximum PFFL drawdown since its inception was -80.68%, which is greater than RPXIX's maximum drawdown of -58.56%. Use the drawdown chart below to compare losses from any high point for PFFL and RPXIX.

Drawdown Indicators

	PFFL	RPXIX	Difference
Max Drawdown Largest peak-to-trough decline	-80.68%	-58.56%	-22.12%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-15.28%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-23.75%	-21.93%	-1.82%
Max Drawdown (5Y) Largest decline over 5 years	-48.51%	-58.56%	+10.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-58.56%	—
Current Drawdown Current decline from peak	-39.45%	-8.10%	-31.35%
Average Drawdown Average peak-to-trough decline	-28.58%	-11.61%	-16.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	4.56%	+0.55%

Volatility

PFFL vs. RPXIX - Volatility Comparison

The current volatility for ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) is 4.11%, while RiverPark Large Growth Fund (RPXIX) has a volatility of 5.30%. This indicates that PFFL experiences smaller price fluctuations and is considered to be less risky than RPXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFFL	RPXIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	5.30%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	11.84%	-1.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.16%	14.81%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.66%	26.32%	-2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.18%	24.76%	+30.42%

PFFL vs. RPXIX - Expense Ratio Comparison

PFFL has a 0.85% expense ratio, which is lower than RPXIX's 0.91% expense ratio.

Dividends

PFFL vs. RPXIX - Dividend Comparison

PFFL's dividend yield for the trailing twelve months is around 13.11%, more than RPXIX's 9.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
RPXIX RiverPark Large Growth Fund	9.17%	9.15%	7.22%	0.00%	0.01%	3.79%	6.69%	11.76%	15.17%	9.01%	0.54%	1.72%

Frequently Asked Questions

Can I hold both PFFL and RPXIX in my portfolio?

PFFL and RPXIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFFL or RPXIX?

RPXIX has higher volatility (5.30%) compared to PFFL (4.11%). In terms of maximum drawdown, PFFL dropped -80.68% vs RPXIX's -58.56%.

Which has better risk-adjusted returns?

RPXIX currently has the higher Sharpe Ratio (0.74 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.