PFFV vs. VOO

Last updated Jun 3, 2026

PFFV (Global X Variable Rate Preferred ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - PFFV is a Preferred Stock/Convertible Bonds fund tracking the ICE U.S. Variable Rate Preferred Securities Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, PFFV returned 2.28%/yr vs 14.26%/yr for VOO. At a 0.47 correlation, their price movements are largely independent. PFFV charges 0.25%/yr vs 0.03%/yr for VOO.

Performance

PFFV vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Variable Rate Preferred ETF (PFFV) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFFV achieves a 2.97% return, which is significantly lower than VOO's 11.69% return.

PFFV

• 1D: -0.19%
• 1M: 0.23%
• YTD: 2.97%
• 6M: 3.10%
• 1Y: 5.41%
• 3Y*: 7.52%
• 5Y*: 2.28%
• 10Y*: —

VOO

• 1D: 0.14%
• 1M: 5.39%
• YTD: 11.69%
• 6M: 12.11%
• 1Y: 29.68%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.65%

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

PFFV vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PFFV Global X Variable Rate Preferred ETF	2.97%	2.08%	9.45%	10.64%	-13.81%	6.35%	13.36%
VOO Vanguard S&P 500 ETF	11.69%	17.82%	24.98%	26.32%	-18.17%	28.79%	24.07%

Correlation

The correlation between PFFV and VOO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020	0.47

PFFV vs. VOO - Sectors Allocation Comparison

Sectors	PFFV	VOO
Financial Services	72.1%	11.6%
Real Estate	19.6%	1.9%
Energy	1.6%	3.5%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	4.9%
Healthcare	-	8.5%
Industrials	-	8.3%
Technology	-	35.7%
Utilities	-	2.4%

Return for Risk

PFFV vs. VOO — Risk / Return Rank

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

PFFV

PFFV Risk / Return Rank: 35
PFFV Sharpe Ratio Rank: 37
PFFV Sortino Ratio Rank: 37
PFFV Omega Ratio Rank: 36
PFFV Calmar Ratio Rank: 32
PFFV Martin Ratio Rank: 30

VOO

VOO Risk / Return Rank: 75
VOO Sharpe Ratio Rank: 77
VOO Sortino Ratio Rank: 75
VOO Omega Ratio Rank: 76
VOO Calmar Ratio Rank: 68
VOO Martin Ratio Rank: 80

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.

PFFV vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Variable Rate Preferred ETF (PFFV) and Vanguard S&P 500 ETF (VOO). 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.

	PFFV	VOO	Difference
Sharpe ratio Return per unit of total volatility	1.32	2.53	-1.21
Sortino ratio Return per unit of downside risk	1.96	3.43	-1.47
Omega ratio Gain probability vs. loss probability	1.24	1.46	-0.22
Calmar ratio Return relative to maximum drawdown	1.60	3.42	-1.82
Martin ratio Return relative to average drawdown	4.50	15.95	-11.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFFV vs. VOO - Sharpe Ratio Comparison

The current PFFV Sharpe Ratio is 1.32, which is lower than the VOO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of PFFV and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PFFV	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	2.53	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.85	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.89	-0.33

Drawdowns

PFFV vs. VOO - Drawdown Comparison

The maximum PFFV drawdown since its inception was -18.96%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PFFV and VOO.

Drawdown Indicators

	PFFV	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-18.96%	-33.99%	+15.03%
Max Drawdown (1Y) Largest decline over 1 year	-3.23%	-8.90%	+5.67%
Max Drawdown (3Y) Largest decline over 3 years	-6.07%	-18.69%	+12.62%
Max Drawdown (5Y) Largest decline over 5 years	-18.96%	-24.52%	+5.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-0.26%	0.00%	-0.26%
Average Drawdown Average peak-to-trough decline	-4.19%	-3.69%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	1.91%	-0.76%

Volatility

PFFV vs. VOO - Volatility Comparison

The current volatility for Global X Variable Rate Preferred ETF (PFFV) is 0.84%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.74%. This indicates that PFFV experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PFFV	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	2.74%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	2.84%	8.88%	-6.04%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	11.78%	-7.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.84%	16.81%	-7.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.69%	18.01%	-9.32%

PFFV vs. VOO - Expense Ratio Comparison

PFFV has a 0.25% expense ratio, which is higher than VOO's 0.03% 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%.

Dividends

PFFV vs. VOO - Dividend Comparison

PFFV's dividend yield for the trailing twelve months is around 8.11%, more than VOO's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFFV Global X Variable Rate Preferred ETF	8.11%	8.26%	7.33%	7.17%	6.60%	5.23%	2.29%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.02%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both PFFV and VOO in my portfolio?

PFFV and VOO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFFV or VOO?

VOO has higher volatility (2.74%) compared to PFFV (0.84%). In terms of maximum drawdown, PFFV dropped -18.96% vs VOO's -33.99%.

Which ETF is better, PFFV or VOO?

On 5-year performance, VOO leads with 14.26% vs 2.28% for PFFV. On fees, VOO is cheaper at 0.03% per year. On volatility, PFFV has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PFFV or VOO?

Over the 5-year period, VOO has performed better with a 14.26% return vs 2.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PFFV or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.25% for PFFV.

Which ETF pays a higher dividend yield, PFFV or VOO?

PFFV has the higher dividend yield at 8.11%, compared with 1.02% for VOO.

What is the main difference between PFFV and VOO?

PFFV is categorized as Preferred Stock/Convertible Bonds, while VOO is S&P 500. PFFV tracks ICE U.S. Variable Rate Preferred Securities Index, while VOO tracks S&P 500 Index. They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.25% for PFFV and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.53 vs 1.32), 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.