PRFD vs. EVPF

Last updated Jun 4, 2026

PRFD (PIMCO Preferred And Capital Securities Active Exchange-Traded Fund) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. PRFD charges 0.74%/yr vs 0.39%/yr for EVPF.

Performance

PRFD vs. EVPF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) and Eaton Vance Preferred Securities and Income ETF (EVPF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRFD

• 1D: -0.20%
• 1M: 0.36%
• YTD: 1.40%
• 6M: 1.56%
• 1Y: 8.04%
• 3Y*: 9.23%
• 5Y*: —
• 10Y*: —

EVPF

• 1D: 0.00%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRFD vs. EVPF - Yearly Performance Comparison

	2026 (YTD)
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	0.27%
EVPF Eaton Vance Preferred Securities and Income ETF	1.16%

Correlation

The correlation between PRFD and EVPF is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026	0.70

Return for Risk

PRFD vs. EVPF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRFD

PRFD Risk / Return Rank: 69
PRFD Sharpe Ratio Rank: 77
PRFD Sortino Ratio Rank: 78
PRFD Omega Ratio Rank: 84
PRFD Calmar Ratio Rank: 50
PRFD Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRFD vs. EVPF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) 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.

	PRFD	EVPF	Difference
Sharpe ratio Return per unit of total volatility	2.51	—	—
Sortino ratio Return per unit of downside risk	3.51	—	—
Omega ratio Gain probability vs. loss probability	1.51	—	—
Calmar ratio Return relative to maximum drawdown	2.46	—	—
Martin ratio Return relative to average drawdown	10.14	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PRFD	EVPF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	1.13	+0.18

Drawdowns

PRFD vs. EVPF - Drawdown Comparison

The maximum PRFD drawdown since its inception was -11.93%, which is greater than EVPF's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for PRFD and EVPF.

Drawdown Indicators

	PRFD	EVPF	Difference
Max Drawdown Largest peak-to-trough decline	-11.93%	-2.36%	-9.57%
Max Drawdown (1Y) Largest decline over 1 year	-3.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.28%	—	—
Current Drawdown Current decline from peak	-0.61%	-0.17%	-0.44%
Average Drawdown Average peak-to-trough decline	-2.23%	-0.52%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	—	—

Volatility

Volatility by Period

	PRFD	EVPF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.21%	4.31%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.88%	4.31%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.88%	4.31%	+0.57%

PRFD vs. EVPF - Expense Ratio Comparison

PRFD has a 0.74% expense ratio, which is higher than EVPF's 0.39% expense ratio.

Dividends

PRFD vs. EVPF - Dividend Comparison

PRFD's dividend yield for the trailing twelve months is around 5.77%, more than EVPF's 1.08% yield.

Position	TTM	2025	2024	2023
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	0.00%	0.00%	0.00%
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	5.77%	5.63%	5.53%	5.04%

Frequently Asked Questions

Can I hold both PRFD and EVPF in my portfolio?

PRFD and EVPF have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRFD or EVPF?

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.

Which ETF is cheaper, PRFD or EVPF?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.74% for PRFD.

Which ETF pays a higher dividend yield, PRFD or EVPF?

PRFD has the higher dividend yield at 5.77%, compared with 1.08% for EVPF.

What is the main difference between PRFD and EVPF?

They also come from different issuers: PIMCO and Eaton Vance. Their fees differ too: 0.74% for PRFD and 0.39% for EVPF.