PFD vs BCV

Comparison between Flaherty & Crumrine Preferred and Income Fund Inc (PFD, ETF) and Bancroft Fund Ltd (BCV, ETF).

5-Year PerformanceBCV has outperformed PFD, delivering a return of +4.3% compared to -1.5%

PFD vs BCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PFD(ETF)	BCV(ETF)
Net Assets	$161M	$161M
Max Drawdown	85.75%	62.21%
Sharpe Ratio	0.66	1.87
5Y Beta	0.34	0.62
5Y Dividends CAGR	-4.63%	-12.02%

Net Assets

PFD

$161M

BCV

$161M

Max Drawdown

PFD

85.75%

Winner

BCV

62.21%

Sharpe Ratio

PFD

0.66

Winner

BCV

1.87

5Y Beta

Winner

PFD

0.34

BCV

0.62

5Y Dividends CAGR

Winner

PFD

-4.63%

BCV

-12.02%

PFD vs BCV - Historical Returns

Returns include dividend reinvestment.

Period	PFD	BCV
1 month	-0.18%	+2.16%
3 months	+1.71%	+14.61%
6 months	+0.94%	+15.36%
1 year	+9.35%	+46.18%
5 years(CAGR)	-1.51%	+4.31%
10 years(CAGR)	+4.12%	+12.22%
Max(CAGR)	+7.08%	+8.39%

PFD

-0.18%

Winner

BCV

+2.16%

PFD

+1.71%

Winner

BCV

+14.61%

PFD

+0.94%

Winner

BCV

+15.36%

PFD

+9.35%

Winner

BCV

+46.18%

5Y(CAGR)

PFD

-1.51%

Winner

BCV

+4.31%

10Y(CAGR)

PFD

+4.12%

Winner

BCV

+12.22%

Max(CAGR)

PFD

+7.08%

Winner

BCV

+8.39%

PFD vs BCV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PFD	BCV
2026	-1.16%	+17.77%
2025	+12.90%	+33.29%
2024	+21.17%	+21.50%
2023	-5.20%	+5.09%
2022	-30.70%	-33.62%
2021	+0.18%	+1.57%
2020	+30.45%	+29.50%
2019	+39.91%	+48.88%
2018	-17.19%	-4.43%
2017	+12.96%	+12.32%
2016	+18.95%	+20.80%
2015	-1.03%	-0.15%
2014	+23.32%	+11.53%
2013	-4.77%	+15.57%
2012	+4.69%	+10.67%
2011	+31.81%	-8.09%
2010	+23.00%	+16.93%
2009	+78.47%	+42.37%
2008	-47.50%	-38.16%
2007	-25.92%	+14.11%
2006	+11.40%	+15.79%
2005	-5.01%	+0.64%
2004	+6.87%	+5.81%
2003	+30.64%	+7.03%
2002	+10.18%	-8.72%
2001	+28.11%	+15.46%
2000	-0.12%	+13.42%
1999	-3.92%	+6.32%

PFD vs BCV Drawdown Comparison

The maximum drawdown for PFD was -81.73%, occurring on Oct 10, 2008. Recovery took 892 trading sessions.

The maximum drawdown for BCV was -50.83%, occurring on Oct 10, 2008. Recovery took 797 trading sessions.

The current PFD drawdown is -21.38%. The current BCV drawdown is -4.92%.

Rank	PFD	BCV
#1	-81.73% Jan 25, 2007 - Aug 10, 2010	-50.83% Oct 29, 2007 - Dec 28, 2010
#2	-53.39% Feb 20, 2020 - Sep 22, 2020	-48.78% Feb 12, 2021 - Nov 3, 2025
#3	-50.55% Dec 23, 2020 - Oct 17, 2023	-42.22% Feb 12, 2020 - Aug 3, 2020
#4	-26.91% Dec 15, 2017 - May 23, 2019	-23.28% Aug 29, 2001 - Feb 3, 2006
#5	-24.03% Mar 25, 2004 - Feb 10, 2005	-21.05% Jun 26, 2015 - Jul 22, 2016
#6	-21.09% Apr 22, 2013 - Apr 25, 2014	-20.04% May 2, 2011 - Jan 9, 2013
#7	-20.74% Jul 20, 2011 - Sep 14, 2011	-18.15% Sep 26, 2018 - Feb 6, 2019
#8	-20.19% Aug 18, 2016 - May 4, 2017	-13.39% Jul 16, 2007 - Oct 1, 2007
#9	-19.42% Apr 22, 2015 - Apr 20, 2016	-12.27% Feb 7, 2001 - May 14, 2001
#10	-18.04% Mar 2, 2005 - Nov 6, 2006	-11.76% Jan 28, 2026 - Apr 27, 2026
#11	-16.16% Oct 12, 2010 - Apr 20, 2011	-10.81% Sep 7, 2000 - Jan 25, 2001
#12	-13.88% Sep 4, 2002 - Jan 6, 2003	-10.69% Sep 5, 2014 - Feb 12, 2015
#13	-12.38% Sep 19, 2011 - Oct 19, 2011	-10.57% Nov 3, 2025 - Jan 15, 2026
#14	-12.00% Oct 19, 2012 - Jan 23, 2013	-10.46% Jan 26, 2018 - Aug 27, 2018
#15	-11.92% Feb 24, 2012 - Aug 13, 2012	-9.79% Apr 5, 2000 - Jul 7, 2000

Correlation

Correlation between PFD and BCV is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (1999 - 2026)

PFD vs BCV dividend yield comparison.

Year	PFD	BCV
2026	2.96%	1.37%
2025	6.47%	5.93%
2024	6.46%	7.23%
2023	6.94%	8.01%
2022	7.97%	7.81%
2021	5.82%	15.63%
2020	5.09%	10.35%
2019	5.85%	6.59%
2018	8.14%	12.88%
2017	6.85%	5.33%
2016	7.44%	6.27%
2015	8.36%	9.81%
2014	7.67%	2.50%
2013	9.46%	3.01%
2012	9.05%	3.52%
2011	8.08%	3.62%
2010	8.70%	3.94%
2009	7.31%	4.83%
2008	16.51%	7.39%
2007	8.82%	14.53%
2006	6.17%	6.52%
2005	6.83%	4.17%
2004	6.60%	3.65%
2003	6.20%	3.80%
2002	7.67%	4.47%
2001	7.25%	7.08%
2000	3.38%	21.69%
1999	0.00%	15.11%