PREF vs. IPPP
PREF (Principal Spectrum Preferred Secs Active ETF) and IPPP (Preferred-Plus ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. PREF charges 0.55%/yr vs 1.27%/yr for IPPP.
Performance
PREF vs. IPPP - Performance Comparison
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Returns By Period
PREF
- 1D
- -0.13%
- 1M
- 0.52%
- YTD
- 1.65%
- 6M
- 2.32%
- 1Y
- 6.65%
- 3Y*
- 9.25%
- 5Y*
- 3.07%
- 10Y*
- —
IPPP
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PREF vs. IPPP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PREF Principal Spectrum Preferred Secs Active ETF | 1.12% |
IPPP Preferred-Plus ETF | 0.00% |
PREF vs. IPPP - Sectors Allocation Comparison
Sectors
PREF
IPPP
Financial Services
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
Financial Services
PREF
IPPP
-
Basic Materials
PREF
-
IPPP
-
Communication Services
PREF
-
IPPP
-
Consumer Cyclical
PREF
-
IPPP
-
Consumer Defensive
PREF
-
IPPP
-
Energy
PREF
-
IPPP
-
Healthcare
PREF
-
IPPP
-
Industrials
PREF
-
IPPP
-
Real Estate
PREF
-
IPPP
-
Technology
PREF
-
IPPP
-
Utilities
PREF
-
IPPP
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Return for Risk
PREF vs. IPPP — Risk / Return Rank
PREF
IPPP
PREF vs. IPPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred Secs Active ETF (PREF) and Preferred-Plus ETF (IPPP). 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.
| PREF | IPPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | — | — |
| Martin ratioReturn relative to average drawdown | 12.09 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PREF | IPPP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | — | — |
Drawdowns
PREF vs. IPPP - Drawdown Comparison
The maximum PREF drawdown since its inception was -22.99%, which is greater than IPPP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PREF and IPPP.
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Drawdown Indicators
| PREF | IPPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.99% | 0.00% | -22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.99% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.66% | 0.00% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | — | — |
Volatility
PREF vs. IPPP - Volatility Comparison
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Volatility by Period
| PREF | IPPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 0.00% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 0.00% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 0.00% | +6.30% |
PREF vs. IPPP - Expense Ratio Comparison
PREF has a 0.55% expense ratio, which is lower than IPPP's 1.27% expense ratio.
Dividends
PREF vs. IPPP - Dividend Comparison
PREF's dividend yield for the trailing twelve months is around 5.16%, while IPPP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IPPP Preferred-Plus ETF | 0.00% | 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 | 5.16% | 4.87% | 4.65% | 4.67% | 4.63% | 4.07% | 4.35% | 4.67% | 5.49% | 2.35% |
Frequently Asked Questions
On fees, PREF is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PREF is cheaper with a 0.55% expense ratio, compared with 1.27% for IPPP.
PREF has the higher dividend yield at 5.16%, compared with 0.00% for IPPP.
They also come from different issuers: Principal and Innovative Portfolios. Their fees differ too: 0.55% for PREF and 1.27% for IPPP.
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