PFLD vs. DMDV

Last updated Jun 4, 2026

PFLD (AAM Low Duration Preferred and Income Securities ETF 144A) and DMDV (AAM S&P Developed Markets High Dividend Value ETF) are both exchange-traded funds - PFLD is a Preferred Stock/Convertible Bonds fund tracking the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index, while DMDV is a Foreign Large Cap Equities fund tracking the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield. Both are passively managed. At a 0.36 correlation, their price movements are largely independent. PFLD charges 0.45%/yr vs 0.39%/yr for DMDV.

Performance

PFLD vs. DMDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and AAM S&P Developed Markets High Dividend Value ETF (DMDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PFLD

• 1D: 0.05%
• 1M: 0.74%
• YTD: 2.69%
• 6M: 2.90%
• 1Y: 6.25%
• 3Y*: 4.93%
• 5Y*: 1.04%
• 10Y*: —

DMDV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PFLD vs. DMDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	2.69%	1.44%	5.48%	8.16%	-12.73%	4.49%	5.34%	1.04%
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	7.82%	18.63%	-7.53%	10.16%	-20.45%	16.19%

Correlation

The correlation between PFLD and DMDV is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019	0.36

PFLD vs. DMDV - Sectors Allocation Comparison

Sectors	PFLD	DMDV
Utilities	100.0%	9.2%
Basic Materials	-	9.0%
Communication Services	-	9.1%
Consumer Cyclical	-	8.7%
Consumer Defensive	-	9.4%
Energy	-	6.6%
Financial Services	-	9.0%
Healthcare	-	8.9%
Industrials	-	12.5%
Real Estate	-	10.0%
Technology	-	7.6%

Return for Risk

PFLD vs. DMDV — Risk / Return Rank

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

PFLD

PFLD Risk / Return Rank: 60
PFLD Sharpe Ratio Rank: 54
PFLD Sortino Ratio Rank: 65
PFLD Omega Ratio Rank: 57
PFLD Calmar Ratio Rank: 57
PFLD Martin Ratio Rank: 68

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.

PFLD vs. DMDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and AAM S&P Developed Markets High Dividend Value ETF (DMDV). 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.

	PFLD	DMDV	Difference
Sharpe ratio: Return per unit of total volatility	1.85	—	—
Sortino ratio: Return per unit of downside risk	3.01	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.81	—	—
Martin ratio: Return relative to average drawdown	12.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PFLD	DMDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	—	—

Drawdowns

Drawdown Indicators

	PFLD	DMDV	Difference
Max Drawdown Largest peak-to-trough decline	-33.20%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.51%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-4.17%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	—	—

Volatility

Volatility by Period

	PFLD	DMDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.50%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.38%	—	—

PFLD vs. DMDV - Expense Ratio Comparison

PFLD has a 0.45% expense ratio, which is higher than DMDV's 0.39% expense ratio.

Dividends

PFLD vs. DMDV - Dividend Comparison

PFLD's dividend yield for the trailing twelve months is around 5.60%, while DMDV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	3.51%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	5.60%	6.52%	7.09%	7.09%	5.76%	4.52%	4.79%	0.82%	0.00%

Frequently Asked Questions

Can I hold both PFLD and DMDV in my portfolio?

PFLD and DMDV have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PFLD or DMDV?

On fees, DMDV is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PFLD or DMDV?

DMDV is cheaper with a 0.39% expense ratio, compared with 0.45% for PFLD.

Which ETF pays a higher dividend yield, PFLD or DMDV?

PFLD has the higher dividend yield at 5.60%, compared with 0.00% for DMDV.

What is the main difference between PFLD and DMDV?

PFLD is categorized as Preferred Stock/Convertible Bonds, while DMDV is Foreign Large Cap Equities. PFLD tracks ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index, while DMDV tracks S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield. Their fees differ too: 0.45% for PFLD and 0.39% for DMDV.