PFFR vs. RNP

Last updated Jul 16, 2026

PFFR (InfraCap REIT Preferred ETF) is Preferred Stock/Convertible Bonds fund tracking the Indxx REIT Preferred Stock Index, while RNP (Cohen & Steers REIT and Preferred Income Fund, Inc.) is a stock. Over the past 5 years, PFFR returned 1.10%/yr vs 3.32%/yr for RNP. At a 0.40 correlation, their price movements are largely independent.

Performance

PFFR vs. RNP - Performance Comparison

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

Returns By Period

In the year-to-date period, PFFR achieves a 2.78% return, which is significantly lower than RNP's 8.12% return.

PFFR

• 1D: -0.03%
• 1M: 1.15%
• 6M: 1.76%
• YTD: 2.78%
• 1Y: 6.16%
• 3Y*: 8.50%
• 5Y*: 1.10%
• 10Y*: —

RNP

• 1D: -0.05%
• 1M: 0.96%
• 6M: 4.96%
• YTD: 8.12%
• 1Y: -2.30%
• 3Y*: 10.31%
• 5Y*: 3.32%
• 10Y*: 8.24%

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

PFFR vs. RNP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFFR InfraCap REIT Preferred ETF	2.78%	5.36%	7.12%	21.04%	-23.90%	6.76%	0.19%	20.28%	-7.45%	7.82%
RNP Cohen & Steers REIT and Preferred Income Fund, Inc.	8.12%	2.57%	11.88%	7.73%	-19.95%	32.84%	3.31%	43.14%	-9.46%	15.78%

Correlation

The correlation between PFFR and RNP is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Feb 8, 2017	0.40

Return for Risk

PFFR vs. RNP — Risk / Return Rank

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

PFFR

PFFR Risk / Return Rank: 24
PFFR Sharpe Ratio Rank: 26
PFFR Sortino Ratio Rank: 24
PFFR Omega Ratio Rank: 24
PFFR Calmar Ratio Rank: 24
PFFR Martin Ratio Rank: 22

RNP

RNP Risk / Return Rank: 35
RNP Sharpe Ratio Rank: 38
RNP Sortino Ratio Rank: 30
RNP Omega Ratio Rank: 31
RNP Calmar Ratio Rank: 39
RNP Martin Ratio Rank: 37

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. RNP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap REIT Preferred ETF (PFFR) and Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP). 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	RNP	Difference
Sharpe ratio: Return per unit of total volatility	0.77	-0.17	+0.95
Sortino ratio: Return per unit of downside risk	1.14	-0.15	+1.29
Omega ratio: Gain probability vs. loss probability	1.14	0.98	+0.16
Calmar ratio: Return relative to maximum drawdown	0.94	-0.19	+1.14
Martin ratio: Return relative to average drawdown	2.13	-0.43	+2.56

PFFR vs. RNP - Sharpe Ratio Comparison

The current PFFR Sharpe Ratio is 0.77, which is higher than the RNP Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of PFFR and RNP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PFFR vs. RNP - Drawdown Comparison

The maximum PFFR drawdown since its inception was -53.02%, smaller than the maximum RNP drawdown of -86.93%. Use the drawdown chart below to compare losses from any high point for PFFR and RNP.

Drawdown Indicators

	PFFR	RNP	Difference
Max Drawdown Largest peak-to-trough decline	-53.02%	-86.93%	+33.91%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-11.90%	+5.33%
Max Drawdown (3Y) Largest decline over 3 years	-11.16%	-19.71%	+8.55%
Max Drawdown (5Y) Largest decline over 5 years	-29.80%	-36.19%	+6.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.68%	—
Current Drawdown Current decline from peak	-1.15%	-2.96%	+1.81%
Average Drawdown Average peak-to-trough decline	-6.94%	-13.08%	+6.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	5.35%	-2.45%

Volatility

PFFR vs. RNP - Volatility Comparison

The current volatility for InfraCap REIT Preferred ETF (PFFR) is 2.25%, while Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has a volatility of 4.82%. This indicates that PFFR experiences smaller price fluctuations and is considered to be less risky than RNP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFFR	RNP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	4.82%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	6.21%	10.50%	-4.29%
Volatility (1Y) Calculated over the trailing 1-year period	7.99%	13.37%	-5.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.52%	20.85%	-10.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.42%	24.26%	-3.84%

Dividends

PFFR vs. RNP - Dividend Comparison

PFFR's dividend yield for the trailing twelve months is around 8.20%, more than RNP's 7.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFFR InfraCap REIT Preferred ETF	8.20%	7.99%	7.78%	7.72%	8.60%	6.08%	6.11%	5.77%	6.48%	6.59%	0.00%	0.00%
RNP Cohen & Steers REIT and Preferred Income Fund, Inc.	7.96%	8.22%	7.81%	8.10%	13.26%	5.20%	6.52%	6.25%	8.36%	7.00%	7.75%	8.03%

Frequently Asked Questions

Can I hold both PFFR and RNP in my portfolio?

PFFR and RNP have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFFR or RNP?

RNP has higher volatility (4.82%) compared to PFFR (2.25%). In terms of maximum drawdown, PFFR dropped -53.02% vs RNP's -86.93%.

Which has better risk-adjusted returns?

PFFR currently has the higher Sharpe Ratio (0.77 vs -0.17), 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.