PFLD vs. PFFD
Compare and contrast key facts about AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and Global X U.S. Preferred ETF (PFFD).
PFLD and PFFD 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. PFFD is a passively managed fund by Global X that tracks the performance of the ICE BofAML Diversified Core U.S. Preferred Securities Index. It was launched on Sep 11, 2017. Both PFLD and PFFD 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 PFFD.
Key characteristics
| PFLD | PFFD | |
|---|---|---|
| YTD Return | 2.98% | 3.51% |
| 1Y Return | 12.73% | 11.44% |
| 3Y Return (Ann) | -0.22% | -2.94% |
| Sharpe Ratio | 1.85 | 1.12 |
| Daily Std Dev | 7.15% | 10.28% |
| Max Drawdown | -33.20% | -30.93% |
| Current Drawdown | -2.92% | -11.81% |
Correlation
The correlation between PFLD and PFFD is 0.73, 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. PFFD - Performance Comparison
In the year-to-date period, PFLD achieves a 2.98% return, which is significantly lower than PFFD's 3.51% 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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PFLD vs. PFFD - Expense Ratio Comparison
PFLD has a 0.45% expense ratio, which is higher than PFFD's 0.23% expense ratio.
Risk-Adjusted Performance
PFLD vs. PFFD - 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 Global X U.S. Preferred ETF (PFFD). 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. PFFD - Dividend Comparison
PFLD's dividend yield for the trailing twelve months is around 7.36%, more than PFFD's 6.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 7.36% | 7.09% | 5.76% | 4.52% | 4.79% | 0.82% | 0.00% | 0.00% |
PFFD Global X U.S. Preferred ETF | 6.41% | 6.49% | 6.63% | 5.09% | 5.17% | 5.48% | 6.21% | 1.94% |
Drawdowns
PFLD vs. PFFD - Drawdown Comparison
The maximum PFLD drawdown since its inception was -33.20%, which is greater than PFFD's maximum drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for PFLD and PFFD. For additional features, visit the drawdowns tool.
Volatility
PFLD vs. PFFD - Volatility Comparison
The current volatility for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) is 2.24%, while Global X U.S. Preferred ETF (PFFD) has a volatility of 3.84%. This indicates that PFLD experiences smaller price fluctuations and is considered to be less risky than PFFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.