PREF vs. PFFD
Compare and contrast key facts about Principal Spectrum Preferred Secs Active ETF (PREF) and Global X U.S. Preferred ETF (PFFD).
PREF and PFFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PREF is an actively managed fund by Principal. It was launched on Jul 10, 2017. PFFD is a passively managed fund by Global X that tracks the performance of the ICE BofAML Diversified Core U.S. Preferred Securities Index. It was launched on Sep 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PREF or PFFD.
Correlation
The correlation between PREF and PFFD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PREF vs. PFFD - Performance Comparison
Key characteristics
PREF:
3.40
PFFD:
0.70
PREF:
5.37
PFFD:
1.05
PREF:
1.72
PFFD:
1.13
PREF:
1.90
PFFD:
0.44
PREF:
28.53
PFFD:
2.56
PREF:
0.38%
PFFD:
2.51%
PREF:
3.18%
PFFD:
9.11%
PREF:
-22.99%
PFFD:
-30.93%
PREF:
-0.19%
PFFD:
-6.83%
Returns By Period
In the year-to-date period, PREF achieves a 1.12% return, which is significantly lower than PFFD's 2.11% return.
PREF
1.12%
1.01%
4.34%
10.66%
2.60%
N/A
PFFD
2.11%
0.57%
1.99%
5.99%
0.87%
N/A
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PREF vs. PFFD - Expense Ratio Comparison
PREF has a 0.55% expense ratio, which is higher than PFFD's 0.23% expense ratio.
Risk-Adjusted Performance
PREF vs. PFFD — Risk-Adjusted Performance Rank
PREF
PFFD
PREF vs. PFFD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred Secs Active ETF (PREF) and Global X U.S. Preferred ETF (PFFD). 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
PREF vs. PFFD - Dividend Comparison
PREF's dividend yield for the trailing twelve months is around 4.64%, less than PFFD's 6.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
PREF Principal Spectrum Preferred Secs Active ETF | 4.64% | 4.65% | 4.68% | 4.63% | 4.06% | 4.35% | 4.67% | 5.49% | 2.35% |
PFFD Global X U.S. Preferred ETF | 6.31% | 6.43% | 6.49% | 6.63% | 5.09% | 5.19% | 5.49% | 6.22% | 1.94% |
Drawdowns
PREF vs. PFFD - Drawdown Comparison
The maximum PREF drawdown since its inception was -22.99%, smaller than the maximum PFFD drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for PREF and PFFD. For additional features, visit the drawdowns tool.
Volatility
PREF vs. PFFD - Volatility Comparison
The current volatility for Principal Spectrum Preferred Secs Active ETF (PREF) is 0.82%, while Global X U.S. Preferred ETF (PFFD) has a volatility of 2.77%. This indicates that PREF experiences smaller price fluctuations and is considered to be less risky than PFFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.