PFFR vs. IPPP

Last updated Jun 4, 2026

PFFR (InfraCap REIT Preferred ETF) and IPPP (Preferred-Plus ETF) are both Preferred Stock/Convertible Bonds funds. PFFR is passively managed, while IPPP is actively managed. PFFR charges 0.45%/yr vs 1.27%/yr for IPPP.

Performance

PFFR vs. IPPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in InfraCap REIT Preferred ETF (PFFR) and Preferred-Plus ETF (IPPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PFFR

• 1D: -0.22%
• 1M: -0.75%
• YTD: 0.80%
• 6M: 0.96%
• 1Y: 6.82%
• 3Y*: 9.27%
• 5Y*: 0.97%
• 10Y*: —

IPPP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PFFR vs. IPPP - Yearly Performance Comparison

	2026 (YTD)
PFFR InfraCap REIT Preferred ETF	-0.34%
IPPP Preferred-Plus ETF	0.00%

PFFR vs. IPPP - Sectors Allocation Comparison

Sectors	PFFR	IPPP
Real Estate	84.9%	-
Financial Services	5.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	100.0%

Return for Risk

PFFR vs. IPPP — Risk / Return Rank

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

PFFR

PFFR Risk / Return Rank: 23
PFFR Sharpe Ratio Rank: 24
PFFR Sortino Ratio Rank: 23
PFFR Omega Ratio Rank: 23
PFFR Calmar Ratio Rank: 23
PFFR Martin Ratio Rank: 20

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. IPPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap REIT Preferred ETF (PFFR) and Preferred-Plus ETF (IPPP). 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	IPPP	Difference
Sharpe ratio: Return per unit of total volatility	0.87	—	—
Sortino ratio: Return per unit of downside risk	1.27	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.04	—	—
Martin ratio: Return relative to average drawdown	2.44	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PFFR	IPPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	—	—

Drawdowns

PFFR vs. IPPP - Drawdown Comparison

The maximum PFFR drawdown since its inception was -53.02%, which is greater than IPPP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PFFR and IPPP.

Drawdown Indicators

	PFFR	IPPP	Difference
Max Drawdown Largest peak-to-trough decline	-53.02%	0.00%	-53.02%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.80%	—	—
Current Drawdown Current decline from peak	-3.05%	0.00%	-3.05%
Average Drawdown Average peak-to-trough decline	-7.00%	0.00%	-7.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	—	—

Volatility

Volatility by Period

	PFFR	IPPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.91%	0.00%	+7.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.47%	0.00%	+10.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	0.00%	+20.54%

PFFR vs. IPPP - Expense Ratio Comparison

PFFR has a 0.45% expense ratio, which is lower than IPPP's 1.27% expense ratio.

Dividends

PFFR vs. IPPP - Dividend Comparison

PFFR's dividend yield for the trailing twelve months is around 8.29%, while IPPP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPPP Preferred-Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PFFR InfraCap REIT Preferred ETF	8.29%	7.99%	7.78%	7.72%	8.60%	6.08%	6.11%	5.77%	6.48%	6.59%

Frequently Asked Questions

Which ETF is better, PFFR or IPPP?

On fees, PFFR is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PFFR or IPPP?

PFFR is cheaper with a 0.45% expense ratio, compared with 1.27% for IPPP.

Which ETF pays a higher dividend yield, PFFR or IPPP?

PFFR has the higher dividend yield at 8.29%, compared with 0.00% for IPPP.

What is the main difference between PFFR and IPPP?

They also come from different issuers: Virtus Investment Partners and Innovative Portfolios. Their fees differ too: 0.45% for PFFR and 1.27% for IPPP.