SPFF vs. PFFL
Compare and contrast key facts about Global X SuperIncome Preferred ETF (SPFF) and ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL).
SPFF and PFFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPFF is a passively managed fund by Global X that tracks the performance of the S&P Enhanced Yield North American Preferred Stock Index. It was launched on Jul 17, 2012. PFFL is a passively managed fund by UBS that tracks the performance of the Solactive Preferred Stock ETF Index (+200%). It was launched on Sep 25, 2018. Both SPFF and PFFL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPFF vs. PFFL - Performance Comparison
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SPFF vs. PFFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFF Global X SuperIncome Preferred ETF | -3.61% | 7.52% | 8.62% | 3.00% | -14.29% | 5.15% | 6.91% | 13.04% | -5.01% |
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | -4.36% | 2.18% | 4.77% | 8.65% | -39.15% | 7.52% | -15.47% | 30.21% | -11.05% |
Returns By Period
In the year-to-date period, SPFF achieves a -3.61% return, which is significantly higher than PFFL's -4.36% return.
SPFF
- 1D
- 0.91%
- 1M
- -2.63%
- YTD
- -3.61%
- 6M
- -0.40%
- 1Y
- 5.95%
- 3Y*
- 4.81%
- 5Y*
- 0.47%
- 10Y*
- 2.55%
PFFL
- 1D
- 0.68%
- 1M
- -7.39%
- YTD
- -4.36%
- 6M
- -7.76%
- 1Y
- 0.89%
- 3Y*
- 2.13%
- 5Y*
- -6.10%
- 10Y*
- —
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SPFF vs. PFFL - Expense Ratio Comparison
SPFF has a 0.58% expense ratio, which is lower than PFFL's 0.85% expense ratio.
Return for Risk
SPFF vs. PFFL — Risk / Return Rank
SPFF
PFFL
SPFF vs. PFFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperIncome Preferred ETF (SPFF) and ETRACS 2xMonthly Pay Leveraged Preferred Stock Index 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.
| SPFF | PFFL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.05 | +0.48 |
Sortino ratioReturn per unit of downside risk | 0.81 | 0.20 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.03 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.01 | +0.74 |
Martin ratioReturn relative to average drawdown | 2.09 | -0.02 | +2.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPFF | PFFL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.05 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.26 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | -0.08 | +0.31 |
Correlation
The correlation between SPFF and PFFL is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPFF vs. PFFL - Dividend Comparison
SPFF's dividend yield for the trailing twelve months is around 6.79%, less than PFFL's 13.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFF Global X SuperIncome Preferred ETF | 6.79% | 6.47% | 6.39% | 6.64% | 7.15% | 5.78% | 5.75% | 5.97% | 7.60% | 7.24% | 7.04% | 7.50% |
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN | 13.68% | 13.27% | 13.76% | 13.71% | 13.90% | 8.82% | 9.75% | 11.21% | 2.02% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPFF vs. PFFL - Drawdown Comparison
The maximum SPFF drawdown since its inception was -35.92%, smaller than the maximum PFFL drawdown of -80.68%. Use the drawdown chart below to compare losses from any high point for SPFF and PFFL.
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Drawdown Indicators
| SPFF | PFFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.92% | -80.68% | +44.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -11.92% | +4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -48.51% | +25.63% |
Max Drawdown (10Y)Largest decline over 10 years | -35.92% | — | — |
Current DrawdownCurrent decline from peak | -6.52% | -41.08% | +34.56% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -28.32% | +24.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 4.74% | -2.09% |
Volatility
SPFF vs. PFFL - Volatility Comparison
The current volatility for Global X SuperIncome Preferred ETF (SPFF) is 3.39%, while ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) has a volatility of 6.74%. This indicates that SPFF experiences smaller price fluctuations and is considered to be less risky than PFFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFF | PFFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 6.74% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 12.28% | -5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 19.42% | -8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 23.54% | -12.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.46% | 55.95% | -42.49% |