RNP vs. PFF
RNP (Cohen & Steers REIT and Preferred Income Fund, Inc.) is a stock, while PFF (iShares Preferred and Income Securities ETF) is Preferred Stock/Convertible Bonds fund tracking the ICE Exchange-Listed Preferred & Hybrid Securities Index. Over the past 10 years, RNP returned 8.37%/yr vs 3.23%/yr for PFF. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
RNP vs. PFF - Performance Comparison
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Returns By Period
In the year-to-date period, RNP achieves a 5.10% return, which is significantly higher than PFF's 1.64% return. Over the past 10 years, RNP has outperformed PFF with an annualized return of 8.37%, while PFF has yielded a comparatively lower 3.23% annualized return.
RNP
- 1D
- 1.01%
- 1M
- -2.78%
- YTD
- 5.10%
- 6M
- 7.04%
- 1Y
- -2.00%
- 3Y*
- 12.15%
- 5Y*
- 3.08%
- 10Y*
- 8.37%
PFF
- 1D
- -1.25%
- 1M
- -0.85%
- YTD
- 1.64%
- 6M
- 1.02%
- 1Y
- 7.50%
- 3Y*
- 6.76%
- 5Y*
- 1.08%
- 10Y*
- 3.23%
RNP vs. PFF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNP Cohen & Steers REIT and Preferred Income Fund, Inc. | 5.10% | 2.57% | 11.88% | 7.73% | -19.95% | 32.84% | 3.31% | 43.14% | -9.46% | 19.65% |
PFF iShares Preferred and Income Securities ETF | 1.64% | 4.87% | 7.24% | 9.22% | -18.19% | 7.15% | 7.89% | 15.93% | -4.64% | 8.10% |
Correlation
The correlation between RNP and PFF is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2007 | 0.52 |
The correlation between RNP and PFF shifts across timeframes, from 0.40 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RNP vs. PFF — Risk / Return Rank
RNP
PFF
RNP vs. PFF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) and iShares Preferred and Income Securities ETF (PFF). 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.
| RNP | PFF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.18 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 1.43 | -1.59 |
| Martin ratioReturn relative to average drawdown | -0.36 | 4.32 | -4.68 |
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Drawdowns
RNP vs. PFF - Drawdown Comparison
The maximum RNP drawdown since its inception was -86.93%, which is greater than PFF's maximum drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for RNP and PFF.
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Drawdown Indicators
| RNP | PFF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.93% | -65.55% | -21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -5.28% | -6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -10.63% | -9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -36.19% | -21.05% | -15.14% |
Max Drawdown (10Y)Largest decline over 10 years | -56.68% | -34.10% | -22.58% |
Current DrawdownCurrent decline from peak | -5.67% | -2.35% | -3.32% |
Average DrawdownAverage peak-to-trough decline | -13.11% | -5.75% | -7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 1.74% | +3.76% |
Volatility
RNP vs. PFF - Volatility Comparison
Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has a higher volatility of 4.89% compared to iShares Preferred and Income Securities ETF (PFF) at 2.42%. This indicates that RNP's price experiences larger fluctuations and is considered to be riskier than PFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNP | PFF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.42% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 5.43% | +4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 7.04% | +6.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 10.35% | +10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.26% | 12.68% | +11.58% |
Dividends
RNP vs. PFF - Dividend Comparison
RNP's dividend yield for the trailing twelve months is around 8.13%, more than PFF's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 5.54% | 6.30% | 6.32% | 6.63% | 6.01% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% |
RNP Cohen & Steers REIT and Preferred Income Fund, Inc. | 8.13% | 8.22% | 7.81% | 8.10% | 13.26% | 5.20% | 6.52% | 6.25% | 8.36% | 7.00% | 7.75% | 8.03% |
Frequently Asked Questions
RNP and PFF have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNP has higher volatility (4.89%) compared to PFF (2.42%). In terms of maximum drawdown, RNP dropped -86.93% vs PFF's -65.55%.
PFF currently has the higher Sharpe Ratio (1.07 vs -0.15), 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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