Correlation
The correlation between PRFD and VRIG is 0.19, 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.
PRFD vs. VRIG
Compare and contrast key facts about PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) and Invesco Variable Rate Investment Grade ETF (VRIG).
PRFD and VRIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PRFD is an actively managed fund by PIMCO. It was launched on Jan 18, 2023. VRIG is an actively managed fund by Invesco. It was launched on Sep 22, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFD or VRIG.
Performance
PRFD vs. VRIG - Performance Comparison
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Key characteristics
PRFD:
2.30
VRIG:
5.21
PRFD:
2.93
VRIG:
7.11
PRFD:
1.44
VRIG:
2.91
PRFD:
2.16
VRIG:
6.83
PRFD:
7.69
VRIG:
56.48
PRFD:
1.00%
VRIG:
0.09%
PRFD:
3.58%
VRIG:
1.02%
PRFD:
-11.93%
VRIG:
-13.04%
PRFD:
-0.32%
VRIG:
-0.04%
Returns By Period
The year-to-date returns for both stocks are quite close, with PRFD having a 1.78% return and VRIG slightly lower at 1.75%.
PRFD
1.78%
1.17%
1.02%
8.13%
N/A
N/A
N/A
VRIG
1.75%
0.60%
2.39%
5.30%
5.92%
4.30%
N/A
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PRFD vs. VRIG - Expense Ratio Comparison
PRFD has a 0.74% expense ratio, which is higher than VRIG's 0.30% expense ratio.
Risk-Adjusted Performance
PRFD vs. VRIG — Risk-Adjusted Performance Rank
PRFD
VRIG
PRFD vs. VRIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) and Invesco Variable Rate Investment Grade ETF (VRIG). 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.
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Dividends
PRFD vs. VRIG - Dividend Comparison
PRFD's dividend yield for the trailing twelve months is around 5.89%, more than VRIG's 5.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | 5.89% | 5.76% | 5.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRIG Invesco Variable Rate Investment Grade ETF | 5.58% | 6.09% | 5.97% | 2.39% | 0.78% | 1.57% | 3.12% | 2.89% | 2.31% | 0.60% |
Drawdowns
PRFD vs. VRIG - Drawdown Comparison
The maximum PRFD drawdown since its inception was -11.93%, smaller than the maximum VRIG drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for PRFD and VRIG.
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Volatility
PRFD vs. VRIG - Volatility Comparison
PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) has a higher volatility of 0.79% compared to Invesco Variable Rate Investment Grade ETF (VRIG) at 0.15%. This indicates that PRFD's price experiences larger fluctuations and is considered to be riskier than VRIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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