PFLD vs. PRFD
Compare and contrast key facts about AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD).
PFLD and PRFD 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. PRFD is an actively managed fund by PIMCO. It was launched on Jan 18, 2023.
Performance
PFLD vs. PRFD - Performance Comparison
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PFLD vs. PRFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 0.25% | 1.44% | 5.48% | 2.95% |
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | -0.68% | 8.45% | 9.92% | 1.83% |
Returns By Period
In the year-to-date period, PFLD achieves a 0.25% return, which is significantly higher than PRFD's -0.68% return.
PFLD
- 1D
- 0.58%
- 1M
- -1.09%
- YTD
- 0.25%
- 6M
- 0.97%
- 1Y
- 1.72%
- 3Y*
- 4.02%
- 5Y*
- 0.88%
- 10Y*
- —
PRFD
- 1D
- 0.48%
- 1M
- -2.51%
- YTD
- -0.68%
- 6M
- 0.63%
- 1Y
- 6.09%
- 3Y*
- 8.80%
- 5Y*
- —
- 10Y*
- —
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PFLD vs. PRFD - Expense Ratio Comparison
PFLD has a 0.45% expense ratio, which is lower than PRFD's 0.74% expense ratio.
Return for Risk
PFLD vs. PRFD — Risk / Return Rank
PFLD
PRFD
PFLD vs. PRFD - 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 PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD). 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 | PRFD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.73 | -1.40 |
Sortino ratioReturn per unit of downside risk | 0.48 | 2.24 | -1.76 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.82 | -1.52 |
Martin ratioReturn relative to average drawdown | 1.09 | 6.38 | -5.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFLD | PRFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.73 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.23 | -1.09 |
Correlation
The correlation between PFLD and PRFD is 0.44, 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.
Dividends
PFLD vs. PRFD - Dividend Comparison
PFLD's dividend yield for the trailing twelve months is around 6.05%, more than PRFD's 5.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 6.05% | 6.52% | 7.09% | 7.09% | 5.76% | 4.52% | 4.79% | 0.82% |
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | 5.74% | 5.63% | 5.53% | 5.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFLD vs. PRFD - Drawdown Comparison
The maximum PFLD drawdown since its inception was -33.20%, which is greater than PRFD's maximum drawdown of -11.93%. Use the drawdown chart below to compare losses from any high point for PFLD and PRFD.
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Drawdown Indicators
| PFLD | PRFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.20% | -11.93% | -21.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -3.28% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.51% | — | — |
Current DrawdownCurrent decline from peak | -1.67% | -2.65% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -2.30% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.94% | +0.18% |
Volatility
PFLD vs. PRFD - Volatility Comparison
The current volatility for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) is 1.14%, while PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) has a volatility of 1.64%. This indicates that PFLD experiences smaller price fluctuations and is considered to be less risky than PRFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLD | PRFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.64% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 2.42% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 3.55% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 4.94% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.55% | 4.94% | +8.61% |