PFFR vs. NFLT
PFFR (InfraCap REIT Preferred ETF) and NFLT (Virtus Newfleet Multi-Sector Bond ETF) are both exchange-traded funds - PFFR is a REIT fund tracking the Indxx REIT Preferred Stock Index, while NFLT is a Multisector Bonds fund actively managed by Virtus. PFFR is passively managed, while NFLT is actively managed. Over the past 5 years, PFFR returned 0.99%/yr vs 3.10%/yr for NFLT. Their 0.28 correlation means their historical movements had little consistent relationship. PFFR charges 0.45%/yr vs 0.50%/yr for NFLT.
Performance
PFFR vs. NFLT - Performance Comparison
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Returns By Period
In the year-to-date period, PFFR achieves a 2.85% return, which is significantly higher than NFLT's 2.15% return.
PFFR
- 1D
- -0.44%
- 1M
- 0.29%
- 6M
- 1.42%
- YTD
- 2.85%
- 1Y
- 3.99%
- 3Y*
- 8.60%
- 5Y*
- 0.99%
- 10Y*
- —
- ALL TIME*
- 3.40%
NFLT
- 1D
- 0.14%
- 1M
- 0.01%
- 6M
- 1.57%
- YTD
- 2.15%
- 1Y
- 5.38%
- 3Y*
- 7.29%
- 5Y*
- 3.10%
- 10Y*
- 3.87%
- ALL TIME*
- 4.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.33M | $1.87M | $2.08M | |
| $783.15K | $723.76K | $619.25K |
PFFR vs. NFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFFR InfraCap REIT Preferred ETF | 2.85% | 5.36% | 7.12% | 21.04% | -23.90% | 6.76% | 0.19% | 20.28% | -7.45% | 7.82% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 2.15% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 10.13% | -2.68% | 5.17% |
Correlation
The correlation between PFFR and NFLT is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2017 | 0.28 |
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Return for Risk
PFFR vs. NFLT — Risk / Return Rank
PFFR
NFLT
PFFR vs. NFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InfraCap REIT Preferred ETF (PFFR) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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.
| PFFR | NFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.24 | -1.63 |
| Martin ratioReturn relative to average drawdown | 1.37 | 9.10 | -7.73 |
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Drawdowns
PFFR vs. NFLT - Drawdown Comparison
The maximum PFFR drawdown since its inception was -53.02%, which is greater than NFLT's maximum drawdown of -15.17%. Use the drawdown chart below to compare losses from any high point for PFFR and NFLT.
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Drawdown Indicators
| PFFR | NFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.02% | -15.17% | -37.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -2.42% | -4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -11.16% | -3.15% | -8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -29.80% | -13.42% | -16.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.17% | — |
Current DrawdownCurrent decline from peak | -1.09% | -0.26% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -2.08% | -4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 0.59% | +2.33% |
Volatility
PFFR vs. NFLT - Volatility Comparison
InfraCap REIT Preferred ETF (PFFR) has a higher volatility of 2.21% compared to Virtus Newfleet Multi-Sector Bond ETF (NFLT) at 1.04%. This indicates that PFFR's price experiences larger fluctuations and is considered to be riskier than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFFR | NFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 1.04% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.28% | 3.21% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.07% | 4.06% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.54% | 4.49% | +6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 4.92% | +15.45% |
PFFR vs. NFLT - Expense Ratio Comparison
PFFR has a 0.45% expense ratio, which is lower than NFLT's 0.50% expense ratio.
Dividends
PFFR vs. NFLT - Dividend Comparison
PFFR's dividend yield for the trailing twelve months is around 8.27%, more than NFLT's 5.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.44% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
PFFR InfraCap REIT Preferred ETF | 8.27% | 7.99% | 7.78% | 7.72% | 8.60% | 6.08% | 6.11% | 5.77% | 6.48% | 6.59% | 0.00% | 0.00% |
Frequently Asked Questions
PFFR and NFLT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFFR has higher volatility (2.21%) compared to NFLT (1.04%). In terms of maximum drawdown, PFFR dropped -53.02% vs NFLT's -15.17%.
On 5-year performance, NFLT leads with 3.10% vs 0.99% for PFFR. On fees, PFFR is cheaper at 0.45% per year. On volatility, NFLT has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NFLT has performed better with a 3.10% return vs 0.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFFR is cheaper with a 0.45% expense ratio, compared with 0.50% for NFLT.
PFFR has the higher dividend yield at 8.27%, compared with 5.44% for NFLT.
PFFR is categorized as REIT, while NFLT is Multisector Bonds. Their fees differ too: 0.45% for PFFR and 0.50% for NFLT.
NFLT currently has the higher Sharpe Ratio (1.33 vs 0.50), 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.
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