PFFV vs. PFLD
Compare and contrast key facts about Global X Variable Rate Preferred ETF (PFFV) and AAM Low Duration Preferred and Income Securities ETF 144A (PFLD).
PFFV and PFLD 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. PFLD is a passively managed fund by Advisors Asset Management that tracks the performance of the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. It was launched on Nov 19, 2019. Both PFFV and PFLD 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 PFLD.
Performance
PFFV vs. PFLD - Performance Comparison
Returns By Period
In the year-to-date period, PFFV achieves a 10.03% return, which is significantly higher than PFLD's 6.37% return.
PFFV
10.03%
-0.10%
5.17%
13.13%
N/A
N/A
PFLD
6.37%
-0.88%
2.58%
9.48%
2.24%
N/A
Key characteristics
| PFFV | PFLD | |
|---|---|---|
| Sharpe Ratio | 2.06 | 1.81 |
| Sortino Ratio | 3.01 | 2.60 |
| Omega Ratio | 1.38 | 1.34 |
| Calmar Ratio | 1.59 | 1.07 |
| Martin Ratio | 14.50 | 12.94 |
| Ulcer Index | 0.93% | 0.72% |
| Daily Std Dev | 6.56% | 5.18% |
| Max Drawdown | -18.95% | -33.20% |
| Current Drawdown | -1.80% | -1.17% |
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PFFV vs. PFLD - Expense Ratio Comparison
PFFV has a 0.25% expense ratio, which is lower than PFLD's 0.45% expense ratio.
Correlation
The correlation between PFFV and PFLD is 0.70, 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. PFLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Variable Rate Preferred ETF (PFFV) and AAM Low Duration Preferred and Income Securities ETF 144A (PFLD). 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. PFLD - Dividend Comparison
PFFV's dividend yield for the trailing twelve months is around 7.32%, less than PFLD's 7.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
PFFV Global X Variable Rate Preferred ETF | 7.32% | 7.17% | 6.60% | 5.25% | 2.69% | 0.00% |
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 7.49% | 7.09% | 5.76% | 4.53% | 4.79% | 0.82% |
Drawdowns
PFFV vs. PFLD - Drawdown Comparison
The maximum PFFV drawdown since its inception was -18.95%, smaller than the maximum PFLD drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for PFFV and PFLD. For additional features, visit the drawdowns tool.
Volatility
PFFV vs. PFLD - Volatility Comparison
Global X Variable Rate Preferred ETF (PFFV) has a higher volatility of 2.83% compared to AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) at 1.30%. This indicates that PFFV's price experiences larger fluctuations and is considered to be riskier than PFLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.