STRD vs. PFFA

Last updated Jun 4, 2026

STRD (MicroStrategy Incorporated) is a stock, while PFFA (Virtus InfraCap U.S. Preferred Stock ETF) is Preferred Stock/Convertible Bonds fund actively managed by Virtus Investment Partners. At a 0.40 correlation, their price movements are largely independent.

Performance

STRD vs. PFFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroStrategy Incorporated (STRD) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

STRD

• 1D: -1.07%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFFA

• 1D: -0.70%
• 1M: -0.26%
• YTD: 3.08%
• 6M: 4.03%
• 1Y: 14.79%
• 3Y*: 14.46%
• 5Y*: 6.57%
• 10Y*: —

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

STRD vs. PFFA - Yearly Performance Comparison

	2026 (YTD)
STRD MicroStrategy Incorporated	-4.70%
PFFA Virtus InfraCap U.S. Preferred Stock ETF	-0.19%

Correlation

The correlation between STRD and PFFA is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.40

Return for Risk

STRD vs. PFFA — Risk / Return Rank

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

PFFA

PFFA Risk / Return Rank: 56
PFFA Sharpe Ratio Rank: 61
PFFA Sortino Ratio Rank: 63
PFFA Omega Ratio Rank: 64
PFFA Calmar Ratio Rank: 45
PFFA Martin Ratio Rank: 46

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.

STRD vs. PFFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (STRD) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	STRD	PFFA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	-3.75	0.24	-3.99

Drawdowns

STRD vs. PFFA - Drawdown Comparison

The maximum STRD drawdown since its inception was -4.70%, smaller than the maximum PFFA drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for STRD and PFFA.

Drawdown Indicators

	STRD	PFFA	Difference
Max Drawdown Largest peak-to-trough decline	-4.70%	-70.52%	+65.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.70%	—
Current Drawdown Current decline from peak	-4.70%	-1.50%	-3.20%
Average Drawdown Average peak-to-trough decline	-3.55%	-6.65%	+3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.90%	—

Volatility

Volatility by Period

	STRD	PFFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.30%	7.02%	+22.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.30%	11.51%	+17.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.30%	31.84%	-2.54%

Dividends

STRD vs. PFFA - Dividend Comparison

STRD has not paid dividends to shareholders, while PFFA's dividend yield for the trailing twelve months is around 9.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PFFA Virtus InfraCap U.S. Preferred Stock ETF	9.62%	9.47%	9.18%	9.56%	10.75%	7.64%	8.54%	10.02%	5.15%
STRD MicroStrategy Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both STRD and PFFA in my portfolio?

STRD and PFFA 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.