PFLD vs. SPDV
Compare and contrast key facts about AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and AAM S&P 500 High Dividend Value ETF (SPDV).
PFLD and SPDV 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. SPDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P 500 Dividend and Free Cash Flow Yield Index. It was launched on Nov 28, 2017. Both PFLD and SPDV 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 SPDV.
Performance
PFLD vs. SPDV - Performance Comparison
Returns By Period
In the year-to-date period, PFLD achieves a 6.30% return, which is significantly lower than SPDV's 18.35% return.
PFLD
6.30%
-0.94%
2.54%
9.21%
2.24%
N/A
SPDV
18.35%
-0.35%
13.40%
30.06%
8.75%
N/A
Key characteristics
| PFLD | SPDV | |
|---|---|---|
| Sharpe Ratio | 1.82 | 2.32 |
| Sortino Ratio | 2.61 | 3.35 |
| Omega Ratio | 1.34 | 1.41 |
| Calmar Ratio | 1.07 | 2.32 |
| Martin Ratio | 12.94 | 11.74 |
| Ulcer Index | 0.73% | 2.57% |
| Daily Std Dev | 5.17% | 13.02% |
| Max Drawdown | -33.20% | -43.81% |
| Current Drawdown | -1.22% | -1.16% |
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PFLD vs. SPDV - Expense Ratio Comparison
PFLD has a 0.45% expense ratio, which is higher than SPDV's 0.29% expense ratio.
Correlation
The correlation between PFLD and SPDV is 0.43, 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.
Risk-Adjusted Performance
PFLD vs. SPDV - 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 AAM S&P 500 High Dividend Value ETF (SPDV). 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. SPDV - Dividend Comparison
PFLD's dividend yield for the trailing twelve months is around 7.50%, more than SPDV's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 7.50% | 7.09% | 5.76% | 4.53% | 4.79% | 0.82% | 0.00% | 0.00% |
SPDV AAM S&P 500 High Dividend Value ETF | 3.41% | 3.95% | 3.73% | 3.08% | 3.90% | 3.54% | 3.64% | 0.28% |
Drawdowns
PFLD vs. SPDV - Drawdown Comparison
The maximum PFLD drawdown since its inception was -33.20%, smaller than the maximum SPDV drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for PFLD and SPDV. For additional features, visit the drawdowns tool.
Volatility
PFLD vs. SPDV - Volatility Comparison
The current volatility for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) is 1.17%, while AAM S&P 500 High Dividend Value ETF (SPDV) has a volatility of 3.45%. This indicates that PFLD experiences smaller price fluctuations and is considered to be less risky than SPDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.