PFXF vs. PFFL
Compare and contrast key facts about VanEck Vectors Preferred Securities ex Financials ETF (PFXF) and ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL).
PFXF and PFFL 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. PFFL is a passively managed fund by UBS that tracks the performance of the Solactive Preferred Stock ETF Index (+200%). It was launched on Sep 25, 2018. Both PFXF and PFFL 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: PFXF or PFFL.
Key characteristics
| PFXF | PFFL | |
|---|---|---|
| YTD Return | 2.66% | 3.85% |
| 1Y Return | 9.18% | 17.72% |
| 3Y Return (Ann) | -0.10% | -10.15% |
| 5Y Return (Ann) | 3.91% | -7.08% |
| Sharpe Ratio | 0.92 | 0.71 |
| Daily Std Dev | 9.93% | 24.87% |
| Max Drawdown | -35.49% | -80.68% |
| Current Drawdown | -7.35% | -40.24% |
Correlation
The correlation between PFXF and PFFL is 0.79, 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. PFFL - Performance Comparison
In the year-to-date period, PFXF achieves a 2.66% return, which is significantly lower than PFFL's 3.85% 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. PFFL - Expense Ratio Comparison
PFXF has a 0.41% expense ratio, which is lower than PFFL's 0.85% expense ratio.
Risk-Adjusted Performance
PFXF vs. PFFL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Preferred Securities ex Financials ETF (PFXF) and ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL). 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. PFFL - Dividend Comparison
PFXF's dividend yield for the trailing twelve months is around 7.75%, less than PFFL's 13.48% 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% |
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | 13.48% | 13.72% | 13.90% | 8.82% | 9.75% | 12.03% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFXF vs. PFFL - Drawdown Comparison
The maximum PFXF drawdown since its inception was -35.49%, smaller than the maximum PFFL drawdown of -80.68%. Use the drawdown chart below to compare losses from any high point for PFXF and PFFL. For additional features, visit the drawdowns tool.
Volatility
PFXF vs. PFFL - Volatility Comparison
The current volatility for VanEck Vectors Preferred Securities ex Financials ETF (PFXF) is 3.81%, while ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) has a volatility of 8.08%. This indicates that PFXF experiences smaller price fluctuations and is considered to be less risky than PFFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.