RPXIX vs. PFFL

Last updated Jun 24, 2026

RPXIX (RiverPark Large Growth Fund) and PFFL (ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN) are both funds - RPXIX is a Large Cap Growth Equities fund managed by RiverPark Funds, while PFFL is a Preferred Stock/Convertible Bonds fund tracking the Solactive Preferred Stock ETF Index. Over the past 5 years, RPXIX returned -0.87%/yr vs -6.57%/yr for PFFL. At a 0.49 correlation, their price movements are largely independent. RPXIX charges 0.91%/yr vs 0.85%/yr for PFFL.

Performance

RPXIX vs. PFFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverPark Large Growth Fund (RPXIX) and ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPXIX achieves a -1.54% return, which is significantly higher than PFFL's -1.90% return.

RPXIX

• 1D: -1.31%
• 1M: -1.51%
• YTD: -1.54%
• 6M: -2.11%
• 1Y: 9.41%
• 3Y*: 16.96%
• 5Y*: -0.87%
• 10Y*: 12.07%

PFFL

• 1D: -0.19%
• 1M: -1.40%
• YTD: -1.90%
• 6M: -2.44%
• 1Y: 4.83%
• 3Y*: 4.18%
• 5Y*: -6.57%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RPXIX vs. PFFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RPXIX RiverPark Large Growth Fund	-1.54%	13.18%	22.55%	51.57%	-47.37%	1.09%	55.28%	32.49%	-17.64%
PFFL ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN	-1.90%	2.18%	4.77%	8.65%	-39.15%	7.52%	-15.47%	30.21%	-10.77%

Correlation

The correlation between RPXIX and PFFL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 26, 2018	0.49

The correlation between RPXIX and PFFL shifts across timeframes, from 0.39 (3 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RPXIX vs. PFFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RPXIX

RPXIX Risk / Return Rank: 8
RPXIX Sharpe Ratio Rank: 9
RPXIX Sortino Ratio Rank: 9
RPXIX Omega Ratio Rank: 9
RPXIX Calmar Ratio Rank: 8
RPXIX Martin Ratio Rank: 9

PFFL

PFFL Risk / Return Rank: 13
PFFL Sharpe Ratio Rank: 13
PFFL Sortino Ratio Rank: 12
PFFL Omega Ratio Rank: 12
PFFL Calmar Ratio Rank: 14
PFFL Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RPXIX vs. PFFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverPark Large Growth Fund (RPXIX) and ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL). 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.

	RPXIX	PFFL	Difference
Sharpe ratio: Return per unit of total volatility	0.69	0.28	+0.41
Sortino ratio: Return per unit of downside risk	1.03	0.51	+0.51
Omega ratio: Gain probability vs. loss probability	1.13	1.07	+0.06
Calmar ratio: Return relative to maximum drawdown	0.67	0.41	+0.26
Martin ratio: Return relative to average drawdown	2.24	0.94	+1.30

RPXIX vs. PFFL - Sharpe Ratio Comparison

The current RPXIX Sharpe Ratio is 0.69, which is higher than the PFFL Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of RPXIX and PFFL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RPXIX vs. PFFL - Drawdown Comparison

The maximum RPXIX drawdown since its inception was -58.56%, smaller than the maximum PFFL drawdown of -80.68%. Use the drawdown chart below to compare losses from any high point for RPXIX and PFFL.

Drawdown Indicators

	RPXIX	PFFL	Difference
Max Drawdown Largest peak-to-trough decline	-58.56%	-80.68%	+22.12%
Max Drawdown (1Y) Largest decline over 1 year	-15.28%	-11.92%	-3.36%
Max Drawdown (3Y) Largest decline over 3 years	-21.93%	-23.75%	+1.82%
Max Drawdown (5Y) Largest decline over 5 years	-58.56%	-48.51%	-10.05%
Max Drawdown (10Y) Largest decline over 10 years	-58.56%	—	—
Current Drawdown Current decline from peak	-9.30%	-39.57%	+30.27%
Average Drawdown Average peak-to-trough decline	-11.61%	-28.59%	+16.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	5.14%	-0.57%

Volatility

RPXIX vs. PFFL - Volatility Comparison

RiverPark Large Growth Fund (RPXIX) has a higher volatility of 5.40% compared to ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) at 4.10%. This indicates that RPXIX's price experiences larger fluctuations and is considered to be riskier than PFFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPXIX	PFFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.40%	4.10%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	11.84%	10.67%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.88%	17.12%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.33%	23.66%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.77%	55.16%	-30.39%

RPXIX vs. PFFL - Expense Ratio Comparison

RPXIX has a 0.91% expense ratio, which is higher than PFFL's 0.85% expense ratio.

Dividends

RPXIX vs. PFFL - Dividend Comparison

RPXIX's dividend yield for the trailing twelve months is around 9.29%, less than PFFL's 13.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFFL ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN	13.14%	13.27%	13.76%	13.71%	13.90%	8.82%	9.75%	11.21%	2.02%	0.00%	0.00%	0.00%
RPXIX RiverPark Large Growth Fund	9.29%	9.15%	7.22%	0.00%	0.01%	3.79%	6.69%	11.76%	15.17%	9.01%	0.54%	1.72%

Frequently Asked Questions

Can I hold both RPXIX and PFFL in my portfolio?

RPXIX and PFFL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPXIX or PFFL?

RPXIX has higher volatility (5.40%) compared to PFFL (4.10%). In terms of maximum drawdown, RPXIX dropped -58.56% vs PFFL's -80.68%.

Which has better risk-adjusted returns?

RPXIX currently has the higher Sharpe Ratio (0.69 vs 0.28), 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.