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PREF vs PRFD

Principal Spectrum Preferred Securities Active ETF vs PIMCO Preferred And Capital Securities Active Exchange-Traded Fund

PREF

Principal Spectrum Preferred Securities Active ETF

Annual cost

0.55%

Fund size

$1.5B

PRFD

PIMCO Preferred And Capital Securities Active Exchange-Traded Fund

Annual cost

0.73%

Fund size

$212M

Key differences

  • PREF costs 0.18% less per year.
  • PREF is significantly larger than PRFD — larger funds tend to be more liquid and less likely to close.
  • PREF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PREFPRFD
Annual cost (TER)0.55%0.73%
Fund size (AUM)$1.5B$212M
Since20172023
Dividend yield5.03%5.70%
Asset classfixed incomefixed income
Regionglobalglobal
Strategyactive selectionactive selection
CAGR 1Y+7.0%+8.5%
CAGR 3Y+9.8%+9.7%
CAGR 5Y+3.2%N/A
Sharpe 3Y1.631.52
Volatility 1Y3.08%3.21%
Max drawdown-22.99%-11.93%

Similar to PREF and PRFD