PFFV vs. PFF
Compare and contrast key facts about Global X Variable Rate Preferred ETF (PFFV) and iShares Preferred and Income Securities ETF (PFF).
PFFV and PFF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFFV is a passively managed fund by Global X that tracks the performance of the ICE U.S. Variable Rate Preferred Securities Index. It was launched on Jun 22, 2020. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. It was launched on Mar 30, 2007. Both PFFV and PFF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFFV or PFF.
Performance
PFFV vs. PFF - Performance Comparison
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with PFFV at 10.17% and PFF at 10.17%.
PFFV
10.17%
-0.14%
5.72%
14.02%
N/A
N/A
PFF
10.17%
-1.37%
7.67%
16.15%
2.93%
3.67%
Key characteristics
| PFFV | PFF | |
|---|---|---|
| Sharpe Ratio | 2.03 | 1.93 |
| Sortino Ratio | 2.98 | 2.70 |
| Omega Ratio | 1.38 | 1.35 |
| Calmar Ratio | 1.57 | 1.00 |
| Martin Ratio | 13.99 | 10.37 |
| Ulcer Index | 0.96% | 1.50% |
| Daily Std Dev | 6.58% | 8.07% |
| Max Drawdown | -18.95% | -65.55% |
| Current Drawdown | -1.67% | -2.10% |
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PFFV vs. PFF - Expense Ratio Comparison
PFFV has a 0.25% expense ratio, which is lower than PFF's 0.46% expense ratio.
Correlation
The correlation between PFFV and PFF is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PFFV vs. PFF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Variable Rate Preferred ETF (PFFV) and iShares Preferred and Income Securities ETF (PFF). 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.
Dividends
PFFV vs. PFF - Dividend Comparison
PFFV's dividend yield for the trailing twelve months is around 7.31%, more than PFF's 6.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFV Global X Variable Rate Preferred ETF | 7.31% | 7.17% | 6.60% | 5.25% | 2.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFF iShares Preferred and Income Securities ETF | 6.16% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.31% | 5.59% | 5.85% | 5.77% | 6.32% | 6.61% |
Drawdowns
PFFV vs. PFF - Drawdown Comparison
The maximum PFFV drawdown since its inception was -18.95%, smaller than the maximum PFF drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for PFFV and PFF. For additional features, visit the drawdowns tool.
Volatility
PFFV vs. PFF - Volatility Comparison
The current volatility for Global X Variable Rate Preferred ETF (PFFV) is 2.44%, while iShares Preferred and Income Securities ETF (PFF) has a volatility of 2.57%. This indicates that PFFV experiences smaller price fluctuations and is considered to be less risky than PFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.