PFFR vs. PFFA
PFFR (InfraCap REIT Preferred ETF) and PFFA (Virtus InfraCap U.S. Preferred Stock ETF) are both exchange-traded funds - PFFR is a REIT fund tracking the Indxx REIT Preferred Stock Index, while PFFA is a Preferred Stock fund actively managed by Virtus. PFFR is passively managed, while PFFA is actively managed. Over the past 5 years, PFFR returned 0.99%/yr vs 5.57%/yr for PFFA. Their 0.63 correlation means they have sometimes moved together and sometimes differently. PFFR charges 0.45%/yr vs 1.47%/yr for PFFA.
Performance
PFFR vs. PFFA - 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 PFFA's 2.33% 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%
PFFA
- 1D
- -0.29%
- 1M
- 0.11%
- 6M
- 0.73%
- YTD
- 2.33%
- 1Y
- 6.71%
- 3Y*
- 12.06%
- 5Y*
- 5.57%
- 10Y*
- —
- ALL TIME*
- 7.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.60M | $16.38M | $20.01M | |
| $783.15K | $723.76K | $619.25K |
PFFR vs. PFFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PFFR InfraCap REIT Preferred ETF | 2.85% | 5.36% | 7.12% | 21.04% | -23.90% | 6.76% | 0.19% | 20.28% | -3.25% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 2.33% | 8.22% | 16.11% | 26.45% | -20.91% | 23.53% | -7.87% | 31.99% | -7.29% |
Correlation
The correlation between PFFR and PFFA is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.63 |
The correlation between PFFR and PFFA has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
PFFR vs. PFFA — Risk / Return Rank
PFFR
PFFA
PFFR vs. PFFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InfraCap REIT Preferred ETF (PFFR) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). 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 | PFFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.16 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.04 | -0.43 |
| Martin ratioReturn relative to average drawdown | 1.37 | 2.98 | -1.60 |
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Drawdowns
PFFR vs. PFFA - Drawdown Comparison
The maximum PFFR drawdown since its inception was -53.02%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for PFFR and PFFA.
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Drawdown Indicators
| PFFR | PFFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.02% | -70.52% | +17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -6.49% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.16% | -12.15% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -29.80% | -22.70% | -7.10% |
Current DrawdownCurrent decline from peak | -1.09% | -2.21% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -6.57% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.26% | +0.66% |
Volatility
PFFR vs. PFFA - Volatility Comparison
InfraCap REIT Preferred ETF (PFFR) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA) have volatilities of 2.21% and 2.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFFR | PFFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 2.32% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 6.28% | 6.53% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.07% | 7.63% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.54% | 11.60% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 31.53% | -11.16% |
PFFR vs. PFFA - Expense Ratio Comparison
PFFR has a 0.45% expense ratio, which is lower than PFFA's 1.47% expense ratio.
Dividends
PFFR vs. PFFA - Dividend Comparison
PFFR's dividend yield for the trailing twelve months is around 8.27%, less than PFFA's 9.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 9.87% | 9.47% | 9.18% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% | 0.00% |
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% |
Frequently Asked Questions
PFFR and PFFA have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFFA has higher volatility (2.32%) compared to PFFR (2.21%). In terms of maximum drawdown, PFFR dropped -53.02% vs PFFA's -70.52%.
On 5-year performance, PFFA leads with 5.57% vs 0.99% for PFFR. On fees, PFFR is cheaper at 0.45% per year. On volatility, PFFR has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFFA has performed better with a 5.57% 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 1.47% for PFFA.
PFFA has the higher dividend yield at 9.87%, compared with 8.27% for PFFR.
PFFR is categorized as REIT, while PFFA is Preferred Stock. Their fees differ too: 0.45% for PFFR and 1.47% for PFFA.
PFFA currently has the higher Sharpe Ratio (0.88 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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