PRFD vs. IWDP.AS

Last updated Jun 4, 2026

PRFD (PIMCO Preferred And Capital Securities Active Exchange-Traded Fund) and IWDP.AS (iShares Developed Markets Property Yield UCITS ETF USD (Dist)) are both exchange-traded funds - PRFD is a Preferred Stock/Convertible Bonds fund actively managed by PIMCO, while IWDP.AS is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. PRFD is actively managed, while IWDP.AS is passively managed. Over the past 3 years, PRFD returned 9.23%/yr vs 8.53%/yr for IWDP.AS. At a 0.45 correlation, their price movements are largely independent. PRFD charges 0.74%/yr vs 0.59%/yr for IWDP.AS.

Performance

PRFD vs. IWDP.AS - 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 iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PRFD is traded in USD, while IWDP.AS is traded in EUR. To make them comparable, the IWDP.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PRFD achieves a 1.40% return, which is significantly lower than IWDP.AS's 6.63% return.

PRFD

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

IWDP.AS

• 1D: 0.16%
• 1M: -1.11%
• YTD: 6.63%
• 6M: 7.51%
• 1Y: 10.71%
• 3Y*: 8.53%
• 5Y*: 0.67%
• 10Y*: 3.17%

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

PRFD vs. IWDP.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	1.40%	8.45%	9.92%	1.83%
IWDP.AS iShares Developed Markets Property Yield UCITS ETF USD (Dist)	6.63%	9.65%	0.19%	3.49%

Correlation

The correlation between PRFD and IWDP.AS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.45

The correlation between PRFD and IWDP.AS shifts across timeframes, from 0.33 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PRFD vs. IWDP.AS — 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

IWDP.AS

IWDP.AS Risk / Return Rank: 22
IWDP.AS Sharpe Ratio Rank: 22
IWDP.AS Sortino Ratio Rank: 21
IWDP.AS Omega Ratio Rank: 21
IWDP.AS Calmar Ratio Rank: 24
IWDP.AS Martin Ratio Rank: 24

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. IWDP.AS - 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 iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS). 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	IWDP.AS	Difference
Sharpe ratio Return per unit of total volatility	2.51	0.92	+1.59
Sortino ratio Return per unit of downside risk	3.51	1.39	+2.11
Omega ratio Gain probability vs. loss probability	1.51	1.16	+0.35
Calmar ratio Return relative to maximum drawdown	2.46	1.06	+1.40
Martin ratio Return relative to average drawdown	10.14	3.72	+6.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRFD vs. IWDP.AS - Sharpe Ratio Comparison

The current PRFD Sharpe Ratio is 2.51, which is higher than the IWDP.AS Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PRFD and IWDP.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRFD	IWDP.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	0.92	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.04	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.14	+1.17

Drawdowns

PRFD vs. IWDP.AS - Drawdown Comparison

The maximum PRFD drawdown since its inception was -11.93%, smaller than the maximum IWDP.AS drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for PRFD and IWDP.AS.

Drawdown Indicators

	PRFD	IWDP.AS	Difference
Max Drawdown Largest peak-to-trough decline	-11.93%	-70.25%	+58.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.28%	-9.95%	+6.67%
Max Drawdown (3Y) Largest decline over 3 years	-6.28%	-19.03%	+12.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.14%	—
Current Drawdown Current decline from peak	-0.61%	-3.94%	+3.33%
Average Drawdown Average peak-to-trough decline	-2.23%	-14.02%	+11.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	2.86%	-2.07%

Volatility

PRFD vs. IWDP.AS - Volatility Comparison

The current volatility for PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) is 1.19%, while iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS) has a volatility of 4.13%. This indicates that PRFD experiences smaller price fluctuations and is considered to be less risky than IWDP.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRFD	IWDP.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	4.13%	-2.94%
Volatility (6M) Calculated over the trailing 6-month period	2.68%	8.78%	-6.10%
Volatility (1Y) Calculated over the trailing 1-year period	3.21%	11.48%	-8.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.88%	16.05%	-11.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.88%	17.01%	-12.13%

PRFD vs. IWDP.AS - Expense Ratio Comparison

PRFD has a 0.74% expense ratio, which is higher than IWDP.AS's 0.59% expense ratio.

Dividends

PRFD vs. IWDP.AS - Dividend Comparison

PRFD's dividend yield for the trailing twelve months is around 5.77%, more than IWDP.AS's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWDP.AS iShares Developed Markets Property Yield UCITS ETF USD (Dist)	3.01%	3.20%	3.10%	3.16%	3.71%	2.11%	3.18%	2.91%	3.87%	3.11%	3.07%	2.96%
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund	5.77%	5.63%	5.53%	5.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRFD and IWDP.AS in my portfolio?

PRFD and IWDP.AS have a correlation of 0.33, 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 IWDP.AS?

On fees, IWDP.AS is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRFD or IWDP.AS?

IWDP.AS is cheaper with a 0.59% expense ratio, compared with 0.74% for PRFD.

What is the main difference between PRFD and IWDP.AS?

PRFD is categorized as Preferred Stock/Convertible Bonds, while IWDP.AS is REIT. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.74% for PRFD and 0.59% for IWDP.AS.