PFXF vs. PFFA
Compare and contrast key facts about VanEck Vectors Preferred Securities ex Financials ETF (PFXF) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA).
PFXF and PFFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFXF is a passively managed fund by VanEck that tracks the performance of the Wells Fargo Hybrid and Preferred Securities ex Financials Index. It was launched on Jul 16, 2012. PFFA is an actively managed fund by Virtus Investment Partners. It was launched on May 15, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFXF or PFFA.
Key characteristics
| PFXF | PFFA | |
|---|---|---|
| YTD Return | 2.66% | 2.90% |
| 1Y Return | 9.18% | 25.98% |
| 3Y Return (Ann) | -0.10% | 3.44% |
| 5Y Return (Ann) | 3.91% | 5.46% |
| Sharpe Ratio | 0.92 | 2.27 |
| Daily Std Dev | 9.93% | 11.10% |
| Max Drawdown | -35.49% | -70.52% |
| Current Drawdown | -7.35% | -1.65% |
Correlation
The correlation between PFXF and PFFA is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PFXF vs. PFFA - Performance Comparison
In the year-to-date period, PFXF achieves a 2.66% return, which is significantly lower than PFFA's 2.90% 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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PFXF vs. PFFA - Expense Ratio Comparison
PFXF has a 0.41% expense ratio, which is lower than PFFA's 1.47% expense ratio.
Risk-Adjusted Performance
PFXF vs. PFFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Preferred Securities ex Financials ETF (PFXF) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). 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
PFXF vs. PFFA - Dividend Comparison
PFXF's dividend yield for the trailing twelve months is around 7.75%, less than PFFA's 9.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 7.75% | 7.88% | 6.74% | 4.66% | 5.19% | 5.34% | 6.56% | 5.93% | 5.81% | 5.99% | 5.91% | 6.51% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 9.65% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFXF vs. PFFA - Drawdown Comparison
The maximum PFXF drawdown since its inception was -35.49%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for PFXF and PFFA. For additional features, visit the drawdowns tool.
Volatility
PFXF vs. PFFA - Volatility Comparison
VanEck Vectors Preferred Securities ex Financials ETF (PFXF) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA) have volatilities of 3.81% and 3.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.