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PRFD vs PREF

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

PRFD

PIMCO Preferred And Capital Securities Active Exchange-Traded Fund

Annual cost

0.73%

Fund size

$212M

PREF

Principal Spectrum Preferred Securities Active ETF

Annual cost

0.55%

Fund size

$1.5B

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

PRFDPREF
Annual cost (TER)0.73%0.55%
Fund size (AUM)$212M$1.5B
Since20232017
Dividend yield5.70%5.03%
Asset classfixed incomefixed income
Regionglobalglobal
Strategyactive selectionactive selection
CAGR 1Y+8.5%+7.0%
CAGR 3Y+9.7%+9.8%
CAGR 5YN/A+3.2%
Sharpe 3Y1.521.63
Volatility 1Y3.21%3.08%
Max drawdown-11.93%-22.99%

Similar to PRFD and PREF