REM vs. PFFR
REM (iShares Mortgage Real Estate ETF) and PFFR (InfraCap REIT Preferred ETF) are both exchange-traded funds - REM is a REIT fund tracking the FTSE NAREIT All Mortgage Capped Index, while PFFR is a Preferred Stock/Convertible Bonds fund tracking the Indxx REIT Preferred Stock Index. Both are passively managed. Over the past 5 years, REM returned -1.00%/yr vs 0.98%/yr for PFFR. At a 0.40 correlation, their price movements are largely independent. REM charges 0.48%/yr vs 0.45%/yr for PFFR.
Performance
REM vs. PFFR - Performance Comparison
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Returns By Period
In the year-to-date period, REM achieves a 1.80% return, which is significantly lower than PFFR's 2.26% return.
REM
- 1D
- -1.17%
- 1M
- 2.05%
- 6M
- -1.74%
- YTD
- 1.80%
- 1Y
- 8.66%
- 3Y*
- 5.98%
- 5Y*
- -1.00%
- 10Y*
- 2.77%
PFFR
- 1D
- -0.39%
- 1M
- 1.10%
- 6M
- 0.66%
- YTD
- 2.26%
- 1Y
- 5.51%
- 3Y*
- 8.32%
- 5Y*
- 0.98%
- 10Y*
- —
REM vs. PFFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REM iShares Mortgage Real Estate ETF | 1.80% | 13.30% | -1.00% | 14.43% | -27.56% | 16.14% | -19.99% | 21.34% | -3.09% | 14.51% |
PFFR InfraCap REIT Preferred ETF | 2.26% | 5.36% | 7.12% | 21.04% | -23.90% | 6.76% | 0.19% | 20.28% | -7.45% | 7.82% |
Correlation
The correlation between REM and PFFR is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2017 | 0.40 |
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Return for Risk
REM vs. PFFR — Risk / Return Rank
REM
PFFR
REM vs. PFFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Mortgage Real Estate ETF (REM) 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.
| REM | PFFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 0.84 | -0.23 |
| Martin ratioReturn relative to average drawdown | 1.59 | 1.90 | -0.31 |
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Drawdowns
REM vs. PFFR - Drawdown Comparison
The maximum REM drawdown since its inception was -74.73%, which is greater than PFFR's maximum drawdown of -53.02%. Use the drawdown chart below to compare losses from any high point for REM and PFFR.
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Drawdown Indicators
| REM | PFFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.73% | -53.02% | -21.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -6.57% | -7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -21.91% | -11.16% | -10.75% |
Max Drawdown (5Y)Largest decline over 5 years | -43.31% | -29.80% | -13.51% |
Max Drawdown (10Y)Largest decline over 10 years | -68.52% | — | — |
Current DrawdownCurrent decline from peak | -20.82% | -1.66% | -19.16% |
Average DrawdownAverage peak-to-trough decline | -38.25% | -6.94% | -31.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 2.90% | +2.55% |
Volatility
REM vs. PFFR - Volatility Comparison
iShares Mortgage Real Estate ETF (REM) has a higher volatility of 3.93% compared to InfraCap REIT Preferred ETF (PFFR) at 2.22%. This indicates that REM's price experiences larger fluctuations and is considered to be riskier 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
| REM | PFFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 2.22% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.30% | 6.22% | +7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 7.99% | +8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.49% | 10.51% | +12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.29% | 20.43% | +7.86% |
REM vs. PFFR - Expense Ratio Comparison
REM has a 0.48% expense ratio, which is higher than PFFR's 0.45% expense ratio.
Dividends
REM vs. PFFR - Dividend Comparison
REM's dividend yield for the trailing twelve months is around 8.85%, more than PFFR's 8.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFR InfraCap REIT Preferred ETF | 8.25% | 7.99% | 7.78% | 7.72% | 8.60% | 6.08% | 6.11% | 5.77% | 6.48% | 6.59% | 0.00% | 0.00% |
REM iShares Mortgage Real Estate ETF | 8.85% | 8.70% | 9.61% | 9.46% | 11.13% | 7.29% | 7.72% | 8.16% | 10.00% | 9.97% | 10.03% | 11.99% |
Frequently Asked Questions
REM and PFFR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REM has higher volatility (3.93%) compared to PFFR (2.22%). In terms of maximum drawdown, REM dropped -74.73% vs PFFR's -53.02%.
On 5-year performance, PFFR leads with 0.98% vs -1.00% for REM. On fees, PFFR is cheaper at 0.45% per year. On volatility, PFFR has been the lower-risk option at 2.22%. 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 0.98% return vs -1.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFFR is cheaper with a 0.45% expense ratio, compared with 0.48% for REM.
REM has the higher dividend yield at 8.85%, compared with 8.25% for PFFR.
REM is categorized as REIT, while PFFR is Preferred Stock/Convertible Bonds. REM tracks FTSE NAREIT All Mortgage Capped Index, while PFFR tracks Indxx REIT Preferred Stock Index. They also come from different issuers: iShares and Virtus Investment Partners. Their fees differ too: 0.48% for REM and 0.45% for PFFR.
PFFR currently has the higher Sharpe Ratio (0.69 vs 0.51), 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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