PFFR vs. BRIIX

Last updated Apr 1, 2026

Compare and contrast key facts about InfraCap REIT Preferred ETF (PFFR) and Baron Real Estate Income Fund (BRIIX).

PFFR is a passively managed fund by Virtus Investment Partners that tracks the performance of the Indxx REIT Preferred Stock Index. It was launched on Feb 7, 2017. BRIIX is managed by Baron Capital Group, Inc.. It was launched on Dec 29, 2017.

Performance

PFFR vs. BRIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in InfraCap REIT Preferred ETF (PFFR) and Baron Real Estate Income Fund (BRIIX). The values are adjusted to include any dividend payments, if applicable.

PFFR vs. BRIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PFFR InfraCap REIT Preferred ETF	-2.23%	5.36%	7.12%	21.04%	-23.90%	6.76%	0.19%	20.28%	-7.45%
BRIIX Baron Real Estate Income Fund	-0.64%	3.73%	17.32%	15.52%	-27.49%	29.29%	22.32%	36.54%	-11.02%

Returns By Period

In the year-to-date period, PFFR achieves a -2.23% return, which is significantly lower than BRIIX's -0.64% return.

PFFR

• 1D: 0.64%
• 1M: -2.73%
• YTD: -2.23%
• 6M: -3.91%
• 1Y: 3.15%
• 3Y*: 9.23%
• 5Y*: 0.69%
• 10Y*: —

BRIIX

• 1D: 0.06%
• 1M: -6.64%
• YTD: -0.64%
• 6M: -1.04%
• 1Y: 4.09%
• 3Y*: 10.08%
• 5Y*: 4.01%
• 10Y*: —

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

PFFR vs. BRIIX - Expense Ratio Comparison

PFFR has a 0.45% expense ratio, which is lower than BRIIX's 1.08% expense ratio.

BRIIX

Baron Real Estate Income Fund

PFFR

InfraCap REIT Preferred ETF

Return for Risk

PFFR vs. BRIIX — Risk / Return Rank

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

PFFR

PFFR Risk / Return Rank: 21
PFFR Sharpe Ratio Rank: 24
PFFR Sortino Ratio Rank: 21
PFFR Omega Ratio Rank: 21
PFFR Calmar Ratio Rank: 21
PFFR Martin Ratio Rank: 19

BRIIX

BRIIX Risk / Return Rank: 13
BRIIX Sharpe Ratio Rank: 13
BRIIX Sortino Ratio Rank: 12
BRIIX Omega Ratio Rank: 12
BRIIX Calmar Ratio Rank: 14
BRIIX Martin Ratio Rank: 16

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.

PFFR vs. BRIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap REIT Preferred ETF (PFFR) and Baron Real Estate Income Fund (BRIIX). 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.

	PFFR	BRIIX	Difference
Sharpe ratio Return per unit of total volatility	0.37	0.31	+0.06
Sortino ratio Return per unit of downside risk	0.55	0.52	+0.02
Omega ratio Gain probability vs. loss probability	1.07	1.07	0.00
Calmar ratio Return relative to maximum drawdown	0.36	0.37	-0.01
Martin ratio Return relative to average drawdown	0.89	1.62	-0.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFFR vs. BRIIX - Sharpe Ratio Comparison

The current PFFR Sharpe Ratio is 0.37, which is comparable to the BRIIX Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of PFFR and BRIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PFFR	BRIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.31	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.22	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.41	-0.27

Correlation

The correlation between PFFR and BRIIX is 0.42, 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.

Dividends

PFFR vs. BRIIX - Dividend Comparison

PFFR's dividend yield for the trailing twelve months is around 8.40%, more than BRIIX's 1.63% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFFR InfraCap REIT Preferred ETF	8.40%	7.99%	7.78%	7.72%	8.60%	6.08%	6.11%	5.77%	6.48%	6.59%
BRIIX Baron Real Estate Income Fund	1.63%	1.70%	1.39%	1.95%	2.00%	1.21%	0.77%	1.12%	3.03%	0.00%

Drawdowns

PFFR vs. BRIIX - Drawdown Comparison

The maximum PFFR drawdown since its inception was -53.02%, which is greater than BRIIX's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for PFFR and BRIIX.

Drawdown Indicators

	PFFR	BRIIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.02%	-37.06%	-15.96%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-12.70%	+6.13%
Max Drawdown (5Y) Largest decline over 5 years	-29.80%	-32.86%	+3.06%
Current Drawdown Current decline from peak	-5.97%	-7.55%	+1.58%
Average Drawdown Average peak-to-trough decline	-7.07%	-8.75%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.87%	-0.22%

Volatility

PFFR vs. BRIIX - Volatility Comparison

The current volatility for InfraCap REIT Preferred ETF (PFFR) is 3.66%, while Baron Real Estate Income Fund (BRIIX) has a volatility of 4.31%. This indicates that PFFR experiences smaller price fluctuations and is considered to be less risky than BRIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFFR	BRIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	4.31%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	5.77%	8.88%	-3.11%
Volatility (1Y) Calculated over the trailing 1-year period	8.61%	15.88%	-7.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.38%	18.32%	-7.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.70%	20.72%	-0.02%