PFF vs SPY

Comparison between ISHARES PREFERRED AND INCOME SECURITIES ETF (PFF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed PFF, delivering a return of +13.3% compared to +1.8%

PFF vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PFF(ETF)	SPY(ETF)
Net Assets	$13B	$652B
Expense Ratio	0.45%	0.09%
Max Drawdown	70.19%	56.47%
Sharpe Ratio	1.07	2.07
5Y Beta	0.32	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	1.29%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

PFF

$13B

Winner

SPY

$652B

Expense Ratio

PFF

0.45%

Winner

SPY

0.09%

Max Drawdown

PFF

70.19%

Winner

SPY

56.47%

Sharpe Ratio

PFF

1.07

Winner

SPY

2.07

5Y Beta

Winner

PFF

0.32

SPY

1.00

P/E Ratio

PFF

N/A

SPY

28.24

Forward P/E

PFF

N/A

SPY

21.85

5Y Dividends CAGR

PFF

1.29%

Winner

SPY

5.43%

5Y EPS CAGR

PFF

N/A

SPY

25.79%

Debt to Equity

PFF

N/A

SPY

22.35%

P/S Ratio

PFF

N/A

SPY

3.55

P/B Ratio

PFF

N/A

SPY

5.29

PFF vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	PFF	SPY
1 month	+3.65%	+9.11%
3 months	+1.69%	+6.59%
6 months	+4.73%	+10.56%
1 year	+11.36%	+32.04%
5 years(CAGR)	+1.84%	+13.35%
10 years(CAGR)	+3.62%	+15.49%
Max(CAGR)	+3.95%	+8.50%

PFF

+3.65%

Winner

SPY

+9.11%

PFF

+1.69%

Winner

SPY

+6.59%

PFF

+4.73%

Winner

SPY

+10.56%

PFF

+11.36%

Winner

SPY

+32.04%

5Y(CAGR)

PFF

+1.84%

Winner

SPY

+13.35%

10Y(CAGR)

PFF

+3.62%

Winner

SPY

+15.49%

Max(CAGR)

PFF

+3.95%

Winner

SPY

+8.50%

PFF vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PFF	SPY
2026	+3.05%	+8.27%
2025	+3.62%	+18.00%
2024	+7.38%	+25.59%
2023	+8.66%	+26.72%
2022	-17.58%	-18.64%
2021	+8.17%	+30.52%
2020	+7.28%	+17.28%
2019	+14.86%	+31.09%
2018	-4.10%	-5.24%
2017	+7.26%	+20.78%
2016	+0.84%	+13.59%
2015	+3.82%	+1.31%
2014	+13.42%	+14.56%
2013	-1.29%	+29.00%
2012	+17.15%	+14.17%
2011	-2.15%	+0.85%
2010	+13.19%	+13.14%
2009	+33.55%	+22.67%
2008	-26.08%	-36.25%
2007	-12.60%	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

PFF vs SPY Drawdown Comparison

The maximum drawdown for PFF was -65.49%, occurring on Mar 6, 2009. Recovery took 806 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

Rank	PFF	SPY
#1	-65.49% May 14, 2007 - Jul 26, 2010	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-34.11% Feb 11, 2020 - Oct 7, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-21.05% Dec 31, 2021 - Sep 24, 2024	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-15.19% May 19, 2011 - Feb 3, 2012	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-10.61% Oct 16, 2024 - Sep 5, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-9.72% Aug 31, 2018 - Apr 1, 2019	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-8.67% May 8, 2013 - Mar 17, 2014	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-7.48% Aug 9, 2016 - Apr 10, 2017	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-6.77% Jan 5, 2016 - Mar 22, 2016	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.28% Feb 17, 2026 - May 6, 2026	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.64% Sep 19, 2025 - Jan 9, 2026	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.17% May 7, 2012 - Jun 19, 2012	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-3.81% Nov 27, 2015 - Jan 4, 2016	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.81% Dec 7, 2017 - Jun 14, 2018	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-3.15% Dec 31, 2020 - Mar 26, 2021	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PFF and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (1999 - 2026)

PFF vs SPY dividend yield comparison.

Year	PFF	SPY
2026	1.55%	0.24%
2025	6.30%	1.07%
2024	6.32%	1.21%
2023	6.63%	1.40%
2022	6.01%	1.65%
2021	4.45%	1.20%
2020	4.79%	1.52%
2019	5.31%	1.75%
2018	6.32%	2.04%
2017	5.59%	1.80%
2016	5.85%	2.03%
2015	5.76%	2.06%
2014	6.32%	1.87%
2013	6.60%	1.81%
2012	6.01%	2.18%
2011	6.98%	2.05%
2010	7.33%	1.80%
2009	7.87%	1.95%
2008	9.45%	3.02%
2007	6.01%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%