PFLD vs. TRMD
PFLD (AAM Low Duration Preferred and Income Securities ETF 144A) is Preferred Stock/Convertible Bonds fund tracking the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index, while TRMD (TORM plc) is a stock. Over the past 5 years, PFLD returned 0.89%/yr vs 45.82%/yr for TRMD. At a 0.10 correlation, their price movements are largely independent.
Performance
PFLD vs. TRMD - Performance Comparison
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Returns By Period
In the year-to-date period, PFLD achieves a 2.86% return, which is significantly lower than TRMD's 57.84% return.
PFLD
- 1D
- 0.02%
- 1M
- 0.43%
- 6M
- 2.31%
- YTD
- 2.86%
- 1Y
- 5.84%
- 3Y*
- 4.60%
- 5Y*
- 0.89%
- 10Y*
- —
TRMD
- 1D
- 1.96%
- 1M
- -3.21%
- 6M
- 31.84%
- YTD
- 57.84%
- 1Y
- 82.70%
- 3Y*
- 24.24%
- 5Y*
- 45.82%
- 10Y*
- —
PFLD vs. TRMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 2.86% | 1.44% | 5.48% | 8.16% | -12.73% | 4.49% | 5.34% | 0.86% |
TRMD TORM plc | 57.84% | 11.21% | -23.37% | 31.64% | 297.66% | 12.91% | -25.94% | 23.14% |
Correlation
The correlation between PFLD and TRMD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | 0.10 |
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Return for Risk
PFLD vs. TRMD — Risk / Return Rank
PFLD
TRMD
PFLD vs. TRMD - 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 TORM plc (TRMD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFLD | TRMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.53 | -0.91 |
| Martin ratioReturn relative to average drawdown | 12.31 | 9.19 | +3.12 |
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Drawdowns
PFLD vs. TRMD - Drawdown Comparison
The maximum PFLD drawdown since its inception was -33.20%, smaller than the maximum TRMD drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for PFLD and TRMD.
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Drawdown Indicators
| PFLD | TRMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.20% | -60.59% | +27.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -23.53% | +21.30% |
Max Drawdown (3Y)Largest decline over 3 years | -6.41% | -60.59% | +54.18% |
Max Drawdown (5Y)Largest decline over 5 years | -15.51% | -60.59% | +45.08% |
Current DrawdownCurrent decline from peak | -0.09% | -13.65% | +13.56% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -22.49% | +18.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 9.03% | -8.55% |
Volatility
PFLD vs. TRMD - Volatility Comparison
The current volatility for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) is 0.68%, while TORM plc (TRMD) has a volatility of 13.32%. This indicates that PFLD experiences smaller price fluctuations and is considered to be less risky than TRMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLD | TRMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 13.32% | -12.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 29.03% | -26.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 38.24% | -35.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.50% | 46.27% | -38.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 59.68% | -46.41% |
Dividends
PFLD vs. TRMD - Dividend Comparison
PFLD's dividend yield for the trailing twelve months is around 5.46%, less than TRMD's 8.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PFLD AAM Low Duration Preferred and Income Securities ETF 144A | 5.46% | 6.52% | 7.09% | 7.09% | 5.76% | 4.52% | 4.79% | 0.82% |
TRMD TORM plc | 8.22% | 10.32% | 30.13% | 23.05% | 6.99% | 0.00% | 14.89% | 0.00% |
Frequently Asked Questions
PFLD and TRMD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRMD has higher volatility (13.32%) compared to PFLD (0.68%). In terms of maximum drawdown, PFLD dropped -33.20% vs TRMD's -60.59%.
TRMD currently has the higher Sharpe Ratio (2.18 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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