PFLD vs. PFFV
Compare and contrast key facts about AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and Global X Variable Rate Preferred ETF (PFFV).
PFLD and PFFV 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. 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. Both PFLD and PFFV 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 PFFV.
Key characteristics
| PFLD | PFFV | |
|---|---|---|
| YTD Return | 2.62% | 3.52% |
| 1Y Return | 11.98% | 17.19% |
| 3Y Return (Ann) | -0.32% | 0.71% |
| Sharpe Ratio | 1.78 | 2.30 |
| Daily Std Dev | 7.13% | 7.73% |
| Max Drawdown | -33.20% | -18.95% |
| Current Drawdown | -3.27% | -1.96% |
Correlation
The correlation between PFLD and PFFV is 0.70, 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
PFLD vs. PFFV - Performance Comparison
In the year-to-date period, PFLD achieves a 2.62% return, which is significantly lower than PFFV's 3.52% 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. PFFV - Expense Ratio Comparison
PFLD has a 0.45% expense ratio, which is higher than PFFV's 0.25% expense ratio.
Risk-Adjusted Performance
PFLD vs. PFFV - 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 Variable Rate Preferred ETF (PFFV). 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. PFFV - Dividend Comparison
PFLD's dividend yield for the trailing twelve months is around 7.39%, more than PFFV's 7.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 7.39% | 7.09% | 5.76% | 4.52% | 4.79% | 0.82% |
PFFV Global X Variable Rate Preferred ETF | 7.20% | 7.17% | 6.60% | 5.23% | 2.68% | 0.00% |
Drawdowns
PFLD vs. PFFV - Drawdown Comparison
The maximum PFLD drawdown since its inception was -33.20%, which is greater than PFFV's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for PFLD and PFFV. For additional features, visit the drawdowns tool.
Volatility
PFLD vs. PFFV - Volatility Comparison
AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) has a higher volatility of 2.15% compared to Global X Variable Rate Preferred ETF (PFFV) at 1.98%. This indicates that PFLD's price experiences larger fluctuations and is considered to be riskier than PFFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.