PREF vs. EVPF
PREF (Principal Spectrum Preferred Secs Active ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock funds. Both are actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. PREF charges 0.55%/yr vs 0.39%/yr for EVPF.
Performance
PREF vs. EVPF - Performance Comparison
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Returns By Period
PREF
- 1D
- 0.08%
- 1M
- -0.55%
- 6M
- 1.33%
- YTD
- 1.65%
- 1Y
- 4.94%
- 3Y*
- 8.21%
- 5Y*
- 2.80%
- 10Y*
- —
- ALL TIME*
- 4.08%
EVPF
- 1D
- 0.16%
- 1M
- -0.49%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $219.09K | $314.39K | $349.89K | |
| $3.81M | $4.18M | $4.46M |
PREF vs. EVPF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PREF Principal Spectrum Preferred Secs Active ETF | 0.60% |
EVPF Eaton Vance Preferred Securities and Income ETF | 1.26% |
Correlation
The correlation between PREF and EVPF is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026 | 0.62 |
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Return for Risk
PREF vs. EVPF — Risk / Return Rank
PREF
EVPF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PREF vs. EVPF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred Secs Active ETF (PREF) and Eaton Vance Preferred Securities and Income ETF (EVPF). 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.
| PREF | EVPF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | — | — |
| Martin ratioReturn relative to average drawdown | 8.92 | — | — |
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Drawdowns
PREF vs. EVPF - Drawdown Comparison
The maximum PREF drawdown since its inception was -22.99%, which is greater than EVPF's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for PREF and EVPF.
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Drawdown Indicators
| PREF | EVPF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.99% | -2.36% | -20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.99% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.74% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -0.45% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | — | — |
Volatility
PREF vs. EVPF - Volatility Comparison
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Volatility by Period
| PREF | EVPF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 3.77% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 3.77% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 3.77% | +2.48% |
PREF vs. EVPF - Expense Ratio Comparison
PREF has a 0.55% expense ratio, which is higher than EVPF's 0.39% expense ratio.
Dividends
PREF vs. EVPF - Dividend Comparison
PREF's dividend yield for the trailing twelve months is around 5.22%, more than EVPF's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EVPF Eaton Vance Preferred Securities and Income ETF | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PREF Principal Spectrum Preferred Secs Active ETF | 4.81% | 4.87% | 4.65% | 4.67% | 4.63% | 4.07% | 4.35% | 4.67% | 5.49% | 2.35% |
Frequently Asked Questions
PREF and EVPF have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVPF is cheaper with a 0.39% expense ratio, compared with 0.55% for PREF.
PREF has the higher dividend yield at 4.81%, compared with 2.10% for EVPF.
They also come from different issuers: Principal and Eaton Vance. Their fees differ too: 0.55% for PREF and 0.39% for EVPF.
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