SPFF vs. PREF
Compare and contrast key facts about Global X SuperIncome Preferred ETF (SPFF) and Principal Spectrum Preferred Secs Active ETF (PREF).
SPFF and PREF 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. PREF is an actively managed fund by Principal. It was launched on Jul 10, 2017.
Performance
SPFF vs. PREF - Performance Comparison
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SPFF vs. PREF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPFF Global X SuperIncome Preferred ETF | -3.61% | 7.52% | 8.62% | 3.00% | -14.29% | 5.15% | 6.91% | 13.04% | -2.55% | -2.35% |
PREF Principal Spectrum Preferred Secs Active ETF | -0.46% | 7.64% | 11.43% | 7.36% | -11.80% | 2.08% | 7.52% | 17.32% | -5.45% | 2.05% |
Returns By Period
In the year-to-date period, SPFF achieves a -3.61% return, which is significantly lower than PREF's -0.46% 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%
PREF
- 1D
- 0.48%
- 1M
- -1.76%
- YTD
- -0.46%
- 6M
- 0.91%
- 1Y
- 5.77%
- 3Y*
- 8.59%
- 5Y*
- 3.06%
- 10Y*
- —
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SPFF vs. PREF - Expense Ratio Comparison
SPFF has a 0.58% expense ratio, which is higher than PREF's 0.55% expense ratio.
Return for Risk
SPFF vs. PREF — Risk / Return Rank
SPFF
PREF
SPFF vs. PREF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperIncome Preferred ETF (SPFF) and Principal Spectrum Preferred Secs Active ETF (PREF). 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 | PREF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 1.69 | -1.16 |
Sortino ratioReturn per unit of downside risk | 0.81 | 2.22 | -1.41 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.34 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.95 | -1.22 |
Martin ratioReturn relative to average drawdown | 2.09 | 8.56 | -6.47 |
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 | PREF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 1.69 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.64 | -0.59 |
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 | 0.63 | -0.39 |
Correlation
The correlation between SPFF and PREF is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPFF vs. PREF - Dividend Comparison
SPFF's dividend yield for the trailing twelve months is around 6.79%, more than PREF's 5.01% 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% |
PREF Principal Spectrum Preferred Secs Active ETF | 5.01% | 4.87% | 4.65% | 4.67% | 4.63% | 4.07% | 4.35% | 4.67% | 5.49% | 2.35% | 0.00% | 0.00% |
Drawdowns
SPFF vs. PREF - Drawdown Comparison
The maximum SPFF drawdown since its inception was -35.92%, which is greater than PREF's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for SPFF and PREF.
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Drawdown Indicators
| SPFF | PREF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.92% | -22.99% | -12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -2.88% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -16.99% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -35.92% | — | — |
Current DrawdownCurrent decline from peak | -6.52% | -1.96% | -4.56% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -3.73% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 0.66% | +1.99% |
Volatility
SPFF vs. PREF - Volatility Comparison
Global X SuperIncome Preferred ETF (SPFF) has a higher volatility of 3.39% compared to Principal Spectrum Preferred Secs Active ETF (PREF) at 1.73%. This indicates that SPFF's price experiences larger fluctuations and is considered to be riskier than PREF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFF | PREF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 1.73% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 2.49% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 3.44% | +7.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 4.84% | +5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.46% | 6.35% | +7.11% |