PFLD vs. SPHD
Compare and contrast key facts about AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
PFLD and SPHD 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both PFLD and SPHD 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 SPHD.
Performance
PFLD vs. SPHD - Performance Comparison
Returns By Period
In the year-to-date period, PFLD achieves a 6.51% return, which is significantly lower than SPHD's 24.64% return.
PFLD
6.51%
-0.14%
2.88%
10.05%
2.27%
N/A
SPHD
24.64%
1.23%
17.34%
33.64%
8.06%
8.95%
Key characteristics
| PFLD | SPHD | |
|---|---|---|
| Sharpe Ratio | 1.95 | 3.00 |
| Sortino Ratio | 2.80 | 4.27 |
| Omega Ratio | 1.37 | 1.55 |
| Calmar Ratio | 1.19 | 2.51 |
| Martin Ratio | 13.64 | 20.70 |
| Ulcer Index | 0.74% | 1.63% |
| Daily Std Dev | 5.16% | 11.21% |
| Max Drawdown | -33.20% | -41.39% |
| Current Drawdown | -1.03% | 0.00% |
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PFLD vs. SPHD - Expense Ratio Comparison
PFLD has a 0.45% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Correlation
The correlation between PFLD and SPHD is 0.42, 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. SPHD - 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 Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
PFLD's dividend yield for the trailing twelve months is around 7.48%, more than SPHD's 3.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 7.48% | 7.09% | 5.76% | 4.53% | 4.79% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.28% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
PFLD vs. SPHD - Drawdown Comparison
The maximum PFLD drawdown since its inception was -33.20%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for PFLD and SPHD. For additional features, visit the drawdowns tool.
Volatility
PFLD vs. SPHD - Volatility Comparison
The current volatility for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) is 1.14%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.91%. This indicates that PFLD experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.