PFLD vs. PFF
Compare and contrast key facts about AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and iShares Preferred and Income Securities ETF (PFF).
PFLD and PFF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. It was launched on Mar 30, 2007. Both PFLD and PFF 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: PFLD or PFF.
Key characteristics
| PFLD | PFF | |
|---|---|---|
| YTD Return | 2.62% | 2.73% |
| 1Y Return | 11.98% | 12.02% |
| 3Y Return (Ann) | -0.32% | -1.29% |
| Sharpe Ratio | 1.78 | 1.35 |
| Daily Std Dev | 7.13% | 9.42% |
| Max Drawdown | -33.20% | -65.55% |
| Current Drawdown | -3.27% | -8.61% |
Correlation
The correlation between PFLD and PFF is 0.75, 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.
Performance
PFLD vs. PFF - Performance Comparison
The year-to-date returns for both investments are quite close, with PFLD having a 2.62% return and PFF slightly higher at 2.73%. 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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PFLD vs. PFF - Expense Ratio Comparison
PFLD has a 0.45% expense ratio, which is lower than PFF's 0.46% expense ratio.
Risk-Adjusted Performance
PFLD vs. PFF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and iShares Preferred and Income Securities ETF (PFF). 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
PFLD vs. PFF - Dividend Comparison
PFLD's dividend yield for the trailing twelve months is around 7.39%, more than PFF's 6.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 7.39% | 7.09% | 5.76% | 4.52% | 4.79% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFF iShares Preferred and Income Securities ETF | 6.37% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% | 6.32% | 6.60% |
Drawdowns
PFLD vs. PFF - Drawdown Comparison
The maximum PFLD drawdown since its inception was -33.20%, smaller than the maximum PFF drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for PFLD and PFF. For additional features, visit the drawdowns tool.
Volatility
PFLD vs. PFF - Volatility Comparison
The current volatility for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) is 2.15%, while iShares Preferred and Income Securities ETF (PFF) has a volatility of 3.44%. This indicates that PFLD experiences smaller price fluctuations and is considered to be less risky than PFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.