PSK vs. PFFR
PSK (SPDR ICE Preferred Securities ETF) and PFFR (InfraCap REIT Preferred ETF) are both exchange-traded funds - PSK is a Preferred Stock fund tracking the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index, while PFFR is a REIT fund tracking the Indxx REIT Preferred Stock Index. Both are passively managed. Over the past 5 years, PSK returned -1.17%/yr vs 1.01%/yr for PFFR. Their 0.56 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.45% expense ratio.
Performance
PSK vs. PFFR - Performance Comparison
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Returns By Period
In the year-to-date period, PSK achieves a -1.10% return, which is significantly lower than PFFR's 2.67% return.
PSK
- 1D
- 0.10%
- 1M
- -0.82%
- 6M
- -2.99%
- YTD
- -1.10%
- 1Y
- -0.14%
- 3Y*
- 3.27%
- 5Y*
- -1.17%
- 10Y*
- 1.86%
- ALL TIME*
- 4.49%
PFFR
- 1D
- 0.51%
- 1M
- 0.18%
- 6M
- 0.97%
- YTD
- 2.67%
- 1Y
- 4.78%
- 3Y*
- 8.04%
- 5Y*
- 1.01%
- 10Y*
- —
- ALL TIME*
- 3.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $905.65K | $692.13K | $601.53K | |
| $3.42M | $3.24M | $2.65M |
PSK vs. PFFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSK SPDR ICE Preferred Securities ETF | -1.10% | 2.69% | 4.81% | 8.91% | -18.86% | 1.57% | 6.37% | 17.59% | -4.54% | 7.89% |
PFFR InfraCap REIT Preferred ETF | 2.67% | 5.36% | 7.12% | 21.04% | -23.90% | 6.76% | 0.19% | 20.28% | -7.45% | 7.82% |
Correlation
The correlation between PSK and PFFR is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2017 | 0.56 |
The correlation between PSK and PFFR has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
PSK vs. PFFR — Risk / Return Rank
PSK
PFFR
PSK vs. PFFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) and InfraCap REIT Preferred ETF (PFFR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PSK | PFFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.10 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 0.68 | -0.64 |
| Martin ratioReturn relative to average drawdown | 0.08 | 1.54 | -1.46 |
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Drawdowns
PSK vs. PFFR - Drawdown Comparison
The maximum PSK drawdown since its inception was -30.10%, smaller than the maximum PFFR drawdown of -53.02%. Use the drawdown chart below to compare losses from any high point for PSK and PFFR.
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Drawdown Indicators
| PSK | PFFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.10% | -53.02% | +22.92% |
Max Drawdown (1Y)Largest decline over 1 year | -5.50% | -6.57% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -10.30% | -11.16% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.23% | -29.80% | +7.57% |
Max Drawdown (10Y)Largest decline over 10 years | -30.10% | — | — |
Current DrawdownCurrent decline from peak | -6.47% | -1.25% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -6.91% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.91% | +0.14% |
Volatility
PSK vs. PFFR - Volatility Comparison
The current volatility for SPDR ICE Preferred Securities ETF (PSK) is 1.35%, while InfraCap REIT Preferred ETF (PFFR) has a volatility of 2.41%. This indicates that PSK experiences smaller price fluctuations and is considered to be less risky than PFFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSK | PFFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 2.41% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 6.25% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 8.12% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.75% | 10.53% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.88% | 20.38% | -8.50% |
PSK vs. PFFR - Expense Ratio Comparison
Both PSK and PFFR have an expense ratio of 0.45%.
Dividends
PSK vs. PFFR - Dividend Comparison
PSK's dividend yield for the trailing twelve months is around 7.13%, less than PFFR's 8.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFR InfraCap REIT Preferred ETF | 8.29% | 7.99% | 7.78% | 7.72% | 8.60% | 6.08% | 6.11% | 5.77% | 6.48% | 6.59% | 0.00% | 0.00% |
PSK SPDR ICE Preferred Securities ETF | 6.54% | 6.82% | 6.55% | 6.44% | 6.55% | 5.03% | 5.08% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% |
Frequently Asked Questions
PSK and PFFR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFFR has higher volatility (2.41%) compared to PSK (1.35%). In terms of maximum drawdown, PSK dropped -30.10% vs PFFR's -53.02%.
On 5-year performance, PFFR leads with 1.01% vs -1.17% for PSK. Both ETFs have the same 0.45% expense ratio. On volatility, PSK has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFFR has performed better with a 1.01% return vs -1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSK and PFFR have the same expense ratio: 0.45% per year.
PFFR has the higher dividend yield at 8.29%, compared with 6.54% for PSK.
PSK is categorized as Preferred Stock, while PFFR is REIT. PSK tracks PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index, while PFFR tracks Indxx REIT Preferred Stock Index. They also come from different issuers: State Street and Virtus.
PFFR currently has the higher Sharpe Ratio (0.56 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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