PFFV vs. VRP
Compare and contrast key facts about Global X Variable Rate Preferred ETF (PFFV) and Invesco Variable Rate Preferred ETF (VRP).
PFFV and VRP 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. VRP is a passively managed fund by Invesco that tracks the performance of the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. It was launched on May 1, 2014. Both PFFV and VRP 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 VRP.
Key characteristics
| PFFV | VRP | |
|---|---|---|
| YTD Return | 1.88% | 3.78% |
| 1Y Return | 10.08% | 13.03% |
| 3Y Return (Ann) | 0.21% | 2.14% |
| Sharpe Ratio | 1.14 | 2.57 |
| Daily Std Dev | 9.39% | 5.18% |
| Max Drawdown | -18.95% | -46.04% |
| Current Drawdown | -3.52% | -0.79% |
Correlation
The correlation between PFFV and VRP is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PFFV vs. VRP - Performance Comparison
In the year-to-date period, PFFV achieves a 1.88% return, which is significantly lower than VRP's 3.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PFFV vs. VRP - Expense Ratio Comparison
PFFV has a 0.25% expense ratio, which is lower than VRP's 0.50% expense ratio.
Risk-Adjusted Performance
PFFV vs. VRP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Variable Rate Preferred ETF (PFFV) and Invesco Variable Rate Preferred ETF (VRP). 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. VRP - Dividend Comparison
PFFV's dividend yield for the trailing twelve months is around 7.26%, more than VRP's 6.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PFFV Global X Variable Rate Preferred ETF | 7.26% | 7.17% | 6.60% | 5.23% | 2.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRP Invesco Variable Rate Preferred ETF | 6.40% | 6.61% | 5.38% | 4.25% | 4.17% | 5.15% | 5.28% | 4.69% | 5.10% | 5.02% | 3.04% |
Drawdowns
PFFV vs. VRP - Drawdown Comparison
The maximum PFFV drawdown since its inception was -18.95%, smaller than the maximum VRP drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for PFFV and VRP. For additional features, visit the drawdowns tool.
Volatility
PFFV vs. VRP - Volatility Comparison
Global X Variable Rate Preferred ETF (PFFV) has a higher volatility of 1.89% compared to Invesco Variable Rate Preferred ETF (VRP) at 1.07%. This indicates that PFFV's price experiences larger fluctuations and is considered to be riskier than VRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.