PFO vs KEMX

Comparison between Flaherty & Crumrine Preferred and Income Opportunity Fund Inc (PFO, ETF) and KRANESHARES MSCI EMERGING MARKETS EX CHINA INDEX ETF (KEMX, ETF).

5-Year PerformanceKEMX has outperformed PFO, delivering a return of +12.8% compared to -0.6%

PFO vs KEMX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PFO(ETF)	KEMX(ETF)
Net Assets	$133M	$134M
Expense Ratio	N/A	0.24%
Max Drawdown	83.18%	39.30%
Sharpe Ratio	0.24	1.66
5Y Beta	0.33	0.93
5Y Dividends CAGR	-2.72%	19.55%

Net Assets

PFO

$133M

Winner

KEMX

$134M

Expense Ratio

PFO

N/A

KEMX

0.24%

Max Drawdown

PFO

83.18%

Winner

KEMX

39.30%

Sharpe Ratio

PFO

0.24

Winner

KEMX

1.66

5Y Beta

Winner

PFO

0.33

KEMX

0.93

5Y Dividends CAGR

PFO

-2.72%

Winner

KEMX

19.55%

PFO vs KEMX - Historical Returns

Returns include dividend reinvestment.

Period	PFO	KEMX
1 month	-0.87%	-4.86%
3 months	-1.17%	+8.13%
6 months	-2.26%	+18.72%
1 year	+5.34%	+53.02%
5 years(CAGR)	-0.63%	+12.81%
10 years(CAGR)	+3.81%	N/A
Max(CAGR)	+7.15%	+12.76%

Winner

PFO

-0.87%

KEMX

-4.86%

PFO

-1.17%

Winner

KEMX

+8.13%

PFO

-2.26%

Winner

KEMX

+18.72%

PFO

+5.34%

Winner

KEMX

+53.02%

5Y(CAGR)

PFO

-0.63%

Winner

KEMX

+12.81%

10Y(CAGR)

PFO

+3.81%

KEMX

N/A

Max(CAGR)

PFO

+7.15%

Winner

KEMX

+12.76%

PFO vs KEMX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PFO	KEMX
2026	-0.55%	+28.95%
2025	+11.59%	+37.70%
2024	+21.08%	+1.54%
2023	-2.15%	+21.39%
2022	-26.67%	-19.51%
2021	+5.84%	+8.98%
2020	+13.55%	+11.59%
2019	+19.59%	+7.92%
2018	-3.86%	N/A
2017	+13.17%	N/A
2016	+12.87%	N/A
2015	-0.19%	N/A
2014	+22.10%	N/A
2013	-4.32%	N/A
2012	+11.19%	N/A
2011	+27.17%	N/A
2010	+23.40%	N/A
2009	+83.83%	N/A
2008	-47.04%	N/A
2007	-17.95%	N/A
2006	+15.92%	N/A
2005	-11.38%	N/A
2004	+2.06%	N/A
2003	+24.31%	N/A
2002	+10.31%	N/A
2001	+22.96%	N/A
2000	+1.79%	N/A
1999	-1.14%	N/A

PFO vs KEMX Drawdown Comparison

The maximum drawdown for PFO was -77.42%, occurring on Oct 10, 2008. Recovery took 749 trading sessions.

The maximum drawdown for KEMX was -38.80%, occurring on Mar 23, 2020. Recovery took 215 trading sessions.

The current PFO drawdown is -5.19%. The current KEMX drawdown is -10.28%.

Rank	PFO	KEMX
#1	-77.42% Mar 28, 2007 - Mar 18, 2010	-38.80% Jan 17, 2020 - Nov 23, 2020
#2	-48.97% Feb 21, 2020 - Oct 15, 2020	-30.85% Jan 12, 2022 - Jul 3, 2024
#3	-40.11% Jul 7, 2021 - Oct 19, 2023	-19.59% Sep 26, 2024 - Jun 9, 2025
#4	-20.60% Apr 23, 2013 - May 16, 2014	-15.36% Feb 25, 2026 - Apr 17, 2026
#5	-20.28% Apr 21, 2015 - Mar 28, 2016	-12.10% Jun 22, 2026 - Jul 20, 2026
#6	-20.05% Jul 21, 2011 - Dec 19, 2011	-9.93% Jul 12, 2024 - Sep 24, 2024
#7	-19.67% Nov 9, 2018 - May 8, 2019	-9.75% Jul 18, 2019 - Oct 25, 2019
#8	-18.41% Mar 26, 2004 - Sep 7, 2005	-9.47% Jun 2, 2026 - Jun 18, 2026
#9	-17.71% Sep 7, 2005 - Jan 9, 2007	-8.14% Apr 17, 2019 - Jul 1, 2019
#10	-16.67% Aug 10, 2016 - Apr 20, 2017	-7.13% Jun 4, 2021 - Jan 11, 2022
#11	-15.36% Sep 14, 2010 - Feb 28, 2011	-6.67% Jan 21, 2021 - Feb 12, 2021
#12	-15.12% Jan 5, 2000 - Dec 29, 2000	-6.58% Feb 16, 2021 - May 7, 2021
#13	-12.87% May 13, 2010 - Aug 6, 2010	-6.11% May 8, 2026 - May 26, 2026
#14	-12.70% Aug 23, 2002 - Dec 24, 2002	-5.75% May 7, 2021 - Jun 1, 2021
#15	-12.63% Jul 17, 2017 - Aug 21, 2018	-4.42% Nov 3, 2025 - Dec 10, 2025

Correlation

Correlation between PFO and KEMX is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.59

-101

Dividend Comparison (2000 - 2026)

PFO vs KEMX dividend yield comparison.

Year	PFO	KEMX
2026	3.63%	0.00%
2025	6.84%	3.28%
2024	6.75%	3.39%
2023	7.18%	2.00%
2022	8.73%	4.10%
2021	6.49%	4.79%
2020	6.10%	1.69%
2019	6.31%	2.77%
2018	7.55%	0.00%
2017	7.25%	0.00%
2016	8.03%	0.00%
2015	8.21%	0.00%
2014	7.58%	0.00%
2013	8.69%	0.00%
2012	9.09%	0.00%
2011	8.37%	0.00%
2010	8.67%	0.00%
2009	7.35%	0.00%
2008	16.63%	0.00%
2007	8.40%	0.00%
2006	6.40%	0.00%
2005	7.76%	0.00%
2004	7.04%	0.00%
2003	6.33%	0.00%
2002	7.85%	0.00%
2001	7.46%	0.00%
2000	3.28%	0.00%