PFO vs PHEQ

Comparison between Flaherty & Crumrine Preferred and Income Opportunity Fund Inc (PFO, ETF) and PARAMETRIC HEDGED EQUITY ETF (PHEQ, ETF).

PFO vs PHEQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PFO(ETF)	PHEQ(ETF)
Net Assets	$133M	$133M
Expense Ratio	N/A	0.29%
Max Drawdown	83.18%	12.74%
Sharpe Ratio	0.57	1.77
5Y Beta	0.33	0.53
P/E Ratio	N/A	29.02
Forward P/E	N/A	21.94
5Y Dividends CAGR	-4.19%	N/A
5Y EPS CAGR	N/A	25.36%
Debt to Equity	N/A	56.36%
P/S Ratio	N/A	3.37
P/B Ratio	N/A	5.40

Net Assets

Winner

PFO

$133M

PHEQ

$133M

Expense Ratio

PFO

N/A

PHEQ

0.29%

Max Drawdown

PFO

83.18%

Winner

PHEQ

12.74%

Sharpe Ratio

PFO

0.57

Winner

PHEQ

1.77

5Y Beta

Winner

PFO

0.33

PHEQ

0.53

P/E Ratio

PFO

N/A

PHEQ

29.02

Forward P/E

PFO

N/A

PHEQ

21.94

5Y Dividends CAGR

PFO

-4.19%

PHEQ

N/A

5Y EPS CAGR

PFO

N/A

PHEQ

25.36%

Debt to Equity

PFO

N/A

PHEQ

56.36%

P/S Ratio

PFO

N/A

PHEQ

3.37

P/B Ratio

PFO

N/A

PHEQ

5.40

PFO vs PHEQ - Historical Returns

Returns include dividend reinvestment.

Period	PFO	PHEQ
1 month	-1.12%	+0.94%
3 months	-0.90%	+5.42%
6 months	+0.59%	+5.59%
1 year	+7.73%	+15.83%
5 years(CAGR)	-0.68%	N/A
10 years(CAGR)	+4.23%	N/A
Max(CAGR)	+7.17%	+15.08%

PFO

-1.12%

Winner

PHEQ

+0.94%

PFO

-0.90%

Winner

PHEQ

+5.42%

PFO

+0.59%

Winner

PHEQ

+5.59%

PFO

+7.73%

Winner

PHEQ

+15.83%

5Y(CAGR)

PFO

-0.68%

PHEQ

N/A

10Y(CAGR)

PFO

+4.23%

PHEQ

N/A

Max(CAGR)

PFO

+7.17%

Winner

PHEQ

+15.08%

PFO vs PHEQ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PFO	PHEQ
2026	-0.94%	+4.67%
2025	+11.59%	+11.81%
2024	+21.08%	+15.16%
2023	-2.15%	+7.19%
2022	-26.67%	N/A
2021	+5.84%	N/A
2020	+13.55%	N/A
2019	+19.59%	N/A
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 PHEQ Drawdown Comparison

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

The maximum drawdown for PHEQ was -12.55%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.

The current PFO drawdown is -5.55%. The current PHEQ drawdown is -0.82%.

Rank	PFO	PHEQ
#1	-77.42% Mar 28, 2007 - Mar 18, 2010	-12.55% Feb 19, 2025 - Jun 26, 2025
#2	-48.97% Feb 21, 2020 - Oct 15, 2020	-4.26% Jan 12, 2026 - Apr 13, 2026
#3	-40.11% Jul 7, 2021 - Oct 19, 2023	-4.11% Jul 10, 2024 - Aug 19, 2024
#4	-20.60% Apr 23, 2013 - May 16, 2014	-2.60% Oct 19, 2023 - Nov 2, 2023
#5	-20.28% Apr 21, 2015 - Mar 28, 2016	-2.14% Nov 11, 2025 - Nov 28, 2025
#6	-20.05% Jul 21, 2011 - Dec 19, 2011	-1.74% Mar 28, 2024 - May 6, 2024
#7	-19.67% Nov 9, 2018 - May 8, 2019	-1.70% Aug 29, 2024 - Sep 12, 2024
#8	-18.41% Mar 26, 2004 - Sep 7, 2005	-1.70% Dec 26, 2024 - Jan 17, 2025
#9	-17.71% Sep 7, 2005 - Jan 9, 2007	-1.41% Oct 8, 2025 - Oct 20, 2025
#10	-16.67% Aug 10, 2016 - Apr 20, 2017	-1.37% Dec 6, 2024 - Dec 24, 2024
#11	-15.36% Sep 14, 2010 - Feb 28, 2011	-1.30% Jul 28, 2025 - Aug 12, 2025
#12	-15.12% Jan 5, 2000 - Dec 29, 2000	-1.02% Nov 11, 2024 - Nov 22, 2024
#13	-12.87% May 13, 2010 - Aug 6, 2010	-0.95% Oct 29, 2024 - Nov 6, 2024
#14	-12.70% Aug 23, 2002 - Dec 24, 2002	-0.92% Dec 28, 2023 - Jan 9, 2024
#15	-12.63% Jul 17, 2017 - Aug 21, 2018	-0.85% Oct 28, 2025 - Nov 11, 2025

Correlation

Correlation between PFO and PHEQ is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2000 - 2026)

PFO vs PHEQ dividend yield comparison.

Year	PFO	PHEQ
2026	3.01%	0.08%
2025	6.84%	1.19%
2024	6.75%	1.39%
2023	7.18%	1.73%
2022	8.73%	0.00%
2021	6.49%	0.00%
2020	6.10%	0.00%
2019	6.31%	0.00%
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%