PFFV vs. PFFD
Compare and contrast key facts about Global X Variable Rate Preferred ETF (PFFV) and Global X U.S. Preferred ETF (PFFD).
PFFV and PFFD 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. PFFD is a passively managed fund by Global X that tracks the performance of the ICE BofAML Diversified Core U.S. Preferred Securities Index. It was launched on Sep 11, 2017. Both PFFV and PFFD 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 PFFD.
Performance
PFFV vs. PFFD - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PFFV having a 9.90% return and PFFD slightly higher at 10.32%.
PFFV
9.90%
-0.23%
5.04%
12.99%
N/A
N/A
PFFD
10.32%
-2.24%
6.31%
14.77%
1.78%
N/A
Key characteristics
| PFFV | PFFD | |
|---|---|---|
| Sharpe Ratio | 2.03 | 1.76 |
| Sortino Ratio | 2.98 | 2.50 |
| Omega Ratio | 1.38 | 1.32 |
| Calmar Ratio | 1.57 | 0.80 |
| Martin Ratio | 14.33 | 9.27 |
| Ulcer Index | 0.93% | 1.63% |
| Daily Std Dev | 6.56% | 8.61% |
| Max Drawdown | -18.95% | -30.93% |
| Current Drawdown | -1.92% | -6.00% |
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PFFV vs. PFFD - Expense Ratio Comparison
PFFV has a 0.25% expense ratio, which is higher than PFFD's 0.23% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between PFFV and PFFD is 0.80, 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. PFFD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Variable Rate Preferred ETF (PFFV) and Global X U.S. Preferred ETF (PFFD). 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. PFFD - Dividend Comparison
PFFV's dividend yield for the trailing twelve months is around 7.33%, more than PFFD's 6.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PFFV Global X Variable Rate Preferred ETF | 7.33% | 7.17% | 6.60% | 5.25% | 2.69% | 0.00% | 0.00% | 0.00% |
PFFD Global X U.S. Preferred ETF | 6.19% | 6.49% | 6.63% | 5.09% | 5.19% | 5.49% | 6.22% | 1.94% |
Drawdowns
PFFV vs. PFFD - Drawdown Comparison
The maximum PFFV drawdown since its inception was -18.95%, smaller than the maximum PFFD drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for PFFV and PFFD. For additional features, visit the drawdowns tool.
Volatility
PFFV vs. PFFD - Volatility Comparison
Global X Variable Rate Preferred ETF (PFFV) and Global X U.S. Preferred ETF (PFFD) have volatilities of 2.82% and 2.92%, 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.