PQDI vs. GPRF
PQDI (Principal Spectrum Preferred and Income ETF) and GPRF (Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF) are both Preferred Stock funds - PQDI tracks the ICE BofA 7% Constrained DRD Eligible Preferred Securities Index while GPRF tracks the FTSE Goldman Sachs US Preferred Stock and Hybrids Index. Both are passively managed. Over the past year, PQDI returned 5.54% vs 3.60% for GPRF. Their 0.56 correlation means they have sometimes moved together and sometimes differently. PQDI charges 0.60%/yr vs 0.45%/yr for GPRF.
Performance
PQDI vs. GPRF - Performance Comparison
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Returns By Period
In the year-to-date period, PQDI achieves a 1.96% return, which is significantly higher than GPRF's 1.22% return.
PQDI
- 1D
- 0.05%
- 1M
- -0.28%
- 6M
- 1.07%
- YTD
- 1.96%
- 1Y
- 5.54%
- 3Y*
- 8.46%
- 5Y*
- 3.06%
- 10Y*
- —
- ALL TIME*
- 4.68%
GPRF
- 1D
- -0.05%
- 1M
- -0.46%
- 6M
- 0.09%
- YTD
- 1.22%
- 1Y
- 3.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $166.19K | $1.37M | $843.05K | |
| $158.66K | $143.10K | $126.70K |
PQDI vs. GPRF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PQDI Principal Spectrum Preferred and Income ETF | 1.96% | 8.46% | 3.24% |
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 1.22% | 6.17% | 2.49% |
Correlation
The correlation between PQDI and GPRF is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024 | 0.56 |
The correlation between PQDI and GPRF has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
PQDI vs. GPRF — Risk / Return Rank
PQDI
GPRF
PQDI vs. GPRF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Income ETF (PQDI) and Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF). 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.
| PQDI | GPRF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.86 | +0.82 |
| Martin ratioReturn relative to average drawdown | 7.19 | 3.86 | +3.33 |
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Drawdowns
PQDI vs. GPRF - Drawdown Comparison
The maximum PQDI drawdown since its inception was -17.41%, which is greater than GPRF's maximum drawdown of -4.36%. Use the drawdown chart below to compare losses from any high point for PQDI and GPRF.
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Drawdown Indicators
| PQDI | GPRF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.41% | -4.36% | -13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -4.20% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.41% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.89% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -0.88% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.94% | -0.17% |
Volatility
PQDI vs. GPRF - Volatility Comparison
Principal Spectrum Preferred and Income ETF (PQDI) and Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) have volatilities of 0.92% and 0.95%, 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.
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Volatility by Period
| PQDI | GPRF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.95% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 3.09% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 3.68% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 3.85% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 3.85% | +0.67% |
PQDI vs. GPRF - Expense Ratio Comparison
PQDI has a 0.60% expense ratio, which is higher than GPRF's 0.45% expense ratio.
Dividends
PQDI vs. GPRF - Dividend Comparison
PQDI's dividend yield for the trailing twelve months is around 5.66%, which matches GPRF's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 5.67% | 5.38% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% |
PQDI Principal Spectrum Preferred and Income ETF | 5.66% | 5.02% | 4.93% | 5.35% | 5.60% | 5.21% | 2.69% |
Frequently Asked Questions
PQDI and GPRF have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPRF has higher volatility (0.95%) compared to PQDI (0.92%). In terms of maximum drawdown, PQDI dropped -17.41% vs GPRF's -4.36%.
On 1-year performance, PQDI leads with 5.54% vs 3.60% for GPRF. On fees, GPRF is cheaper at 0.45% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PQDI has performed better with a 5.54% return vs 3.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GPRF is cheaper with a 0.45% expense ratio, compared with 0.60% for PQDI.
GPRF has the higher dividend yield at 5.67%, compared with 5.66% for PQDI.
PQDI tracks ICE BofA 7% Constrained DRD Eligible Preferred Securities Index, while GPRF tracks FTSE Goldman Sachs US Preferred Stock and Hybrids Index. They also come from different issuers: Principal and Goldman Sachs. Their fees differ too: 0.60% for PQDI and 0.45% for GPRF.
PQDI currently has the higher Sharpe Ratio (1.65 vs 0.98), 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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