PFFL vs. SPY
Compare and contrast key facts about ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) and SPDR S&P 500 ETF (SPY).
PFFL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both PFFL and SPY 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 SPY.
Key characteristics
| PFFL | SPY | |
|---|---|---|
| YTD Return | 16.32% | 27.16% |
| 1Y Return | 34.50% | 37.73% |
| 3Y Return (Ann) | -7.60% | 10.28% |
| 5Y Return (Ann) | -6.44% | 15.97% |
| Sharpe Ratio | 1.56 | 3.25 |
| Sortino Ratio | 2.17 | 4.32 |
| Omega Ratio | 1.28 | 1.61 |
| Calmar Ratio | 0.65 | 4.74 |
| Martin Ratio | 7.85 | 21.51 |
| Ulcer Index | 4.17% | 1.85% |
| Daily Std Dev | 20.91% | 12.20% |
| Max Drawdown | -80.68% | -55.19% |
| Current Drawdown | -33.06% | 0.00% |
Correlation
The correlation between PFFL and SPY is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PFFL vs. SPY - Performance Comparison
In the year-to-date period, PFFL achieves a 16.32% return, which is significantly lower than SPY's 27.16% return. 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. SPY - Expense Ratio Comparison
PFFL has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PFFL vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PFFL's dividend yield for the trailing twelve months is around 10.54%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PFFL vs. SPY - Drawdown Comparison
The maximum PFFL drawdown since its inception was -80.68%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PFFL and SPY. For additional features, visit the drawdowns tool.
Volatility
PFFL vs. SPY - Volatility Comparison
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) has a higher volatility of 5.95% compared to SPDR S&P 500 ETF (SPY) at 3.92%. This indicates that PFFL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.