PFFL vs. TYD
Compare and contrast key facts about ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD).
PFFL and TYD 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. TYD is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009. Both PFFL and TYD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PFFL vs. TYD - Performance Comparison
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PFFL vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | -3.25% | 2.18% | 4.77% | 8.65% | -39.15% | 7.52% | -15.47% | 30.21% | -11.05% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -3.21% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 12.30% |
Returns By Period
The year-to-date returns for both investments are quite close, with PFFL having a -3.25% return and TYD slightly higher at -3.21%.
PFFL
- 1D
- 1.16%
- 1M
- -6.53%
- YTD
- -3.25%
- 6M
- -4.74%
- 1Y
- 2.41%
- 3Y*
- 2.52%
- 5Y*
- -5.88%
- 10Y*
- —
TYD
- 1D
- -0.14%
- 1M
- -6.09%
- YTD
- -3.21%
- 6M
- -4.30%
- 1Y
- -1.57%
- 3Y*
- -5.96%
- 5Y*
- -11.68%
- 10Y*
- -4.46%
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PFFL vs. TYD - Expense Ratio Comparison
PFFL has a 0.85% expense ratio, which is lower than TYD's 1.09% expense ratio.
Return for Risk
PFFL vs. TYD — Risk / Return Rank
PFFL
TYD
PFFL vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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.
| PFFL | TYD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | -0.10 | +0.22 |
Sortino ratioReturn per unit of downside risk | 0.30 | -0.02 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.05 | +0.22 |
Martin ratioReturn relative to average drawdown | 0.43 | -0.11 | +0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFFL | TYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -0.10 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.51 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.06 | -0.14 |
Correlation
The correlation between PFFL and TYD is 0.24, 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.
Dividends
PFFL vs. TYD - Dividend Comparison
PFFL's dividend yield for the trailing twelve months is around 13.52%, more than TYD's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | 13.52% | 13.27% | 13.76% | 13.71% | 13.90% | 8.82% | 9.75% | 11.21% | 2.02% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.13% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Drawdowns
PFFL vs. TYD - Drawdown Comparison
The maximum PFFL drawdown since its inception was -80.68%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for PFFL and TYD.
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Drawdown Indicators
| PFFL | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.68% | -64.28% | -16.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -10.99% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -48.51% | -59.84% | +11.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.28% | — |
Current DrawdownCurrent decline from peak | -40.40% | -57.93% | +17.53% |
Average DrawdownAverage peak-to-trough decline | -28.32% | -21.58% | -6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 5.21% | -0.43% |
Volatility
PFFL vs. TYD - Volatility Comparison
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) has a higher volatility of 6.91% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 5.53%. This indicates that PFFL's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFFL | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 5.53% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 9.59% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 16.19% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.54% | 22.95% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.94% | 20.47% | +35.47% |