RIET vs. PFFR
RIET (Hoya Capital High Dividend Yield ETF) and PFFR (InfraCap REIT Preferred ETF) are both exchange-traded funds - RIET is a REIT fund tracking the Hoya Capital High Dividend Yield Index, while PFFR is a Preferred Stock/Convertible Bonds fund tracking the Indxx REIT Preferred Stock Index. Both are passively managed. Over the past 3 years, RIET returned 9.52%/yr vs 9.29%/yr for PFFR. At a 0.46 correlation, their price movements are largely independent. RIET charges 0.50%/yr vs 0.45%/yr for PFFR.
Performance
RIET vs. PFFR - Performance Comparison
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Returns By Period
In the year-to-date period, RIET achieves a 8.46% return, which is significantly higher than PFFR's 1.56% return.
RIET
- 1D
- 1.06%
- 1M
- 1.00%
- YTD
- 8.46%
- 6M
- 9.41%
- 1Y
- 12.07%
- 3Y*
- 9.52%
- 5Y*
- —
- 10Y*
- —
PFFR
- 1D
- -0.54%
- 1M
- 1.00%
- YTD
- 1.56%
- 6M
- 1.11%
- 1Y
- 6.55%
- 3Y*
- 9.29%
- 5Y*
- 0.99%
- 10Y*
- —
RIET vs. PFFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RIET Hoya Capital High Dividend Yield ETF | 8.46% | 2.43% | 1.18% | 13.04% | -25.29% | 5.14% |
PFFR InfraCap REIT Preferred ETF | 1.56% | 5.36% | 7.12% | 21.04% | -23.90% | -1.42% |
Correlation
The correlation between RIET and PFFR is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.46 |
The correlation between RIET and PFFR shifts across timeframes, from 0.35 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RIET vs. PFFR — Risk / Return Rank
RIET
PFFR
RIET vs. PFFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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.
| RIET | PFFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.00 | +0.38 |
| Martin ratioReturn relative to average drawdown | 3.60 | 2.30 | +1.30 |
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Drawdowns
RIET vs. PFFR - Drawdown Comparison
The maximum RIET drawdown since its inception was -34.61%, smaller than the maximum PFFR drawdown of -53.02%. Use the drawdown chart below to compare losses from any high point for RIET and PFFR.
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Drawdown Indicators
| RIET | PFFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.61% | -53.02% | +18.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -6.57% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -11.16% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.80% | — |
Current DrawdownCurrent decline from peak | -6.51% | -2.32% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -16.31% | -6.97% | -9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 2.85% | +0.51% |
Volatility
RIET vs. PFFR - Volatility Comparison
Hoya Capital High Dividend Yield ETF (RIET) has a higher volatility of 3.94% compared to InfraCap REIT Preferred ETF (PFFR) at 2.10%. This indicates that RIET'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
| RIET | PFFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.10% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 6.05% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 7.82% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 10.48% | +8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 20.48% | -1.53% |
RIET vs. PFFR - Expense Ratio Comparison
RIET has a 0.50% expense ratio, which is higher than PFFR's 0.45% expense ratio.
Dividends
RIET vs. PFFR - Dividend Comparison
RIET's dividend yield for the trailing twelve months is around 10.74%, more than PFFR's 8.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PFFR InfraCap REIT Preferred ETF | 8.30% | 7.99% | 7.78% | 7.72% | 8.60% | 6.08% | 6.11% | 5.77% | 6.48% | 6.59% |
RIET Hoya Capital High Dividend Yield ETF | 10.74% | 11.04% | 10.17% | 9.33% | 9.33% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RIET and PFFR have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIET has higher volatility (3.94%) compared to PFFR (2.10%). In terms of maximum drawdown, RIET dropped -34.61% vs PFFR's -53.02%.
On 3-year performance, RIET leads with 9.52% vs 9.29% for PFFR. On fees, PFFR is cheaper at 0.45% per year. On volatility, PFFR has been the lower-risk option at 2.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RIET has performed better with a 9.52% return vs 9.29%. 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 0.50% for RIET.
RIET has the higher dividend yield at 10.74%, compared with 8.30% for PFFR.
RIET is categorized as REIT, while PFFR is Preferred Stock/Convertible Bonds. RIET tracks Hoya Capital High Dividend Yield Index, while PFFR tracks Indxx REIT Preferred Stock Index. They also come from different issuers: Pettee Investors and Virtus Investment Partners. Their fees differ too: 0.50% for RIET and 0.45% for PFFR.
RIET currently has the higher Sharpe Ratio (0.91 vs 0.84), 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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