PRFD vs. VRP
Compare and contrast key facts about PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) and Invesco Variable Rate Preferred ETF (VRP).
PRFD and VRP 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. VRP is a passively managed fund by Invesco that tracks the performance of the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. It was launched on May 1, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFD or VRP.
Correlation
The correlation between PRFD and VRP is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PRFD vs. VRP - Performance Comparison
Key characteristics
PRFD:
3.31
VRP:
2.24
PRFD:
4.90
VRP:
3.18
PRFD:
1.69
VRP:
1.44
PRFD:
4.30
VRP:
5.49
PRFD:
14.14
VRP:
20.97
PRFD:
0.76%
VRP:
0.49%
PRFD:
3.24%
VRP:
4.63%
PRFD:
-11.93%
VRP:
-46.04%
PRFD:
-0.03%
VRP:
-0.04%
Returns By Period
In the year-to-date period, PRFD achieves a 1.41% return, which is significantly lower than VRP's 1.71% return.
PRFD
1.41%
1.33%
3.08%
10.49%
N/A
N/A
VRP
1.71%
0.99%
4.20%
10.04%
4.01%
5.07%
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PRFD vs. VRP - Expense Ratio Comparison
PRFD has a 0.74% expense ratio, which is higher than VRP's 0.50% expense ratio.
Risk-Adjusted Performance
PRFD vs. VRP — Risk-Adjusted Performance Rank
PRFD
VRP
PRFD vs. VRP - 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 Preferred ETF (VRP). 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
PRFD vs. VRP - Dividend Comparison
PRFD's dividend yield for the trailing twelve months is around 5.77%, more than VRP's 5.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | 5.77% | 5.76% | 5.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRP Invesco Variable Rate Preferred ETF | 5.32% | 5.78% | 6.61% | 5.38% | 4.26% | 4.18% | 5.15% | 5.28% | 4.68% | 5.10% | 5.02% | 3.04% |
Drawdowns
PRFD vs. VRP - Drawdown Comparison
The maximum PRFD drawdown since its inception was -11.93%, smaller than the maximum VRP drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for PRFD and VRP. For additional features, visit the drawdowns tool.
Volatility
PRFD vs. VRP - Volatility Comparison
PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) has a higher volatility of 0.78% compared to Invesco Variable Rate Preferred ETF (VRP) at 0.55%. This indicates that PRFD's price experiences larger fluctuations and is considered to be riskier than VRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.