SBAR vs. PFF
SBAR (Simplify Barrier Income ETF) and PFF (iShares Preferred and Income Securities ETF) are both exchange-traded funds - SBAR is a Derivative Income fund actively managed by Simplify, while PFF is a Preferred Stock/Convertible Bonds fund tracking the ICE Exchange-Listed Preferred & Hybrid Securities Index. SBAR is actively managed, while PFF is passively managed. Over the past year, SBAR returned 10.95% vs 7.10% for PFF. A 0.53 correlation means they provide meaningful diversification when combined. SBAR charges 0.75%/yr vs 0.46%/yr for PFF.
Performance
SBAR vs. PFF - Performance Comparison
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Returns By Period
In the year-to-date period, SBAR achieves a 3.13% return, which is significantly higher than PFF's 1.44% return.
SBAR
- 1D
- -0.74%
- 1M
- 1.18%
- YTD
- 3.13%
- 6M
- 2.89%
- 1Y
- 10.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PFF
- 1D
- -0.19%
- 1M
- -1.04%
- YTD
- 1.44%
- 6M
- 1.15%
- 1Y
- 7.10%
- 3Y*
- 6.69%
- 5Y*
- 1.03%
- 10Y*
- 3.21%
SBAR vs. PFF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBAR Simplify Barrier Income ETF | 3.13% | 13.80% |
PFF iShares Preferred and Income Securities ETF | 1.44% | 10.41% |
Correlation
The correlation between SBAR and PFF is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | 0.53 |
The correlation between SBAR and PFF has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
SBAR vs. PFF — Risk / Return Rank
SBAR
PFF
SBAR vs. PFF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Barrier Income ETF (SBAR) 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.
| SBAR | PFF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.35 | +0.71 |
| Martin ratioReturn relative to average drawdown | 7.64 | 4.07 | +3.57 |
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Drawdowns
SBAR vs. PFF - Drawdown Comparison
The maximum SBAR drawdown since its inception was -5.32%, smaller than the maximum PFF drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for SBAR and PFF.
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Drawdown Indicators
| SBAR | PFF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -65.55% | +60.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.32% | -5.28% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.10% | — |
Current DrawdownCurrent decline from peak | -0.74% | -2.54% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -5.75% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.75% | -0.31% |
Volatility
SBAR vs. PFF - Volatility Comparison
Simplify Barrier Income ETF (SBAR) has a higher volatility of 2.73% compared to iShares Preferred and Income Securities ETF (PFF) at 2.42%. This indicates that SBAR'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
| SBAR | PFF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.42% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 5.75% | 5.42% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 7.03% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.84% | 10.35% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.84% | 12.68% | -2.84% |
SBAR vs. PFF - Expense Ratio Comparison
SBAR has a 0.75% expense ratio, which is higher than PFF's 0.46% expense ratio.
Dividends
SBAR vs. PFF - Dividend Comparison
SBAR's dividend yield for the trailing twelve months is around 12.63%, more than PFF's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 5.55% | 6.30% | 6.32% | 6.63% | 6.01% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% |
SBAR Simplify Barrier Income ETF | 12.63% | 8.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SBAR and PFF have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBAR has higher volatility (2.73%) compared to PFF (2.42%). In terms of maximum drawdown, SBAR dropped -5.32% vs PFF's -65.55%.
On 1-year performance, SBAR leads with 10.95% vs 7.10% for PFF. On fees, PFF is cheaper at 0.46% per year. On volatility, PFF has been the lower-risk option at 2.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBAR has performed better with a 10.95% return vs 7.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFF is cheaper with a 0.46% expense ratio, compared with 0.75% for SBAR.
SBAR has the higher dividend yield at 12.63%, compared with 5.55% for PFF.
SBAR is categorized as Derivative Income, while PFF is Preferred Stock/Convertible Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.75% for SBAR and 0.46% for PFF.
SBAR currently has the higher Sharpe Ratio (1.25 vs 1.01), 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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