PFO vs SPY
Comparison between Flaherty & Crumrine Preferred and Income Opportunity Fund Inc (PFO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PFO, delivering a return of +13.3% compared to -0.7%
PFO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PFO vs SPY - Historical Returns
Returns include dividend reinvestment.
PFO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PFO | SPY |
|---|---|---|
| 2026 | -0.94% | +8.26% |
| 2025 | +11.59% | +18.00% |
| 2024 | +21.08% | +25.59% |
| 2023 | -2.15% | +26.72% |
| 2022 | -26.67% | -18.64% |
| 2021 | +5.84% | +30.52% |
| 2020 | +13.55% | +17.28% |
| 2019 | +19.59% | +31.09% |
| 2018 | -3.86% | -5.24% |
| 2017 | +13.17% | +20.78% |
| 2016 | +12.87% | +13.59% |
| 2015 | -0.19% | +1.31% |
| 2014 | +22.10% | +14.56% |
| 2013 | -4.32% | +29.00% |
| 2012 | +11.19% | +14.17% |
| 2011 | +27.17% | +0.85% |
| 2010 | +23.40% | +13.14% |
| 2009 | +83.83% | +22.67% |
| 2008 | -47.04% | -36.25% |
| 2007 | -17.95% | +5.32% |
| 2006 | +15.92% | +13.85% |
| 2005 | -11.38% | +5.32% |
| 2004 | +2.06% | +10.75% |
| 2003 | +24.31% | +24.18% |
| 2002 | +10.31% | -22.42% |
| 2001 | +22.96% | -10.13% |
| 2000 | +1.79% | -8.84% |
| 1999 | -1.14% | +8.61% |
PFO vs SPY Drawdown Comparison
The maximum drawdown for PFO was -77.42%, occurring on Oct 10, 2008. Recovery took 749 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PFO drawdown is -5.55%. The current SPY drawdown is -2.90%.
| Rank | PFO | SPY |
|---|---|---|
| #1 | -77.42% Mar 28, 2007 - Mar 18, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -48.97% Feb 21, 2020 - Oct 15, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -40.11% Jul 7, 2021 - Oct 19, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -20.60% Apr 23, 2013 - May 16, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.28% Apr 21, 2015 - Mar 28, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.05% Jul 21, 2011 - Dec 19, 2011 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -19.67% Nov 9, 2018 - May 8, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -18.41% Mar 26, 2004 - Sep 7, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -17.71% Sep 7, 2005 - Jan 9, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.67% Aug 10, 2016 - Apr 20, 2017 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.36% Sep 14, 2010 - Feb 28, 2011 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -15.12% Jan 5, 2000 - Dec 29, 2000 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.87% May 13, 2010 - Aug 6, 2010 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -12.70% Aug 23, 2002 - Dec 24, 2002 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -12.63% Jul 17, 2017 - Aug 21, 2018 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PFO and SPY is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
PFO vs SPY dividend yield comparison.
| Year | PFO | SPY |
|---|---|---|
| 2026 | 3.01% | 0.24% |
| 2025 | 6.84% | 1.07% |
| 2024 | 6.75% | 1.21% |
| 2023 | 7.18% | 1.40% |
| 2022 | 8.73% | 1.65% |
| 2021 | 6.49% | 1.20% |
| 2020 | 6.10% | 1.52% |
| 2019 | 6.31% | 1.75% |
| 2018 | 7.55% | 2.04% |
| 2017 | 7.25% | 1.80% |
| 2016 | 8.03% | 2.03% |
| 2015 | 8.21% | 2.06% |
| 2014 | 7.58% | 1.87% |
| 2013 | 8.69% | 1.81% |
| 2012 | 9.09% | 2.18% |
| 2011 | 8.37% | 2.05% |
| 2010 | 8.67% | 1.80% |
| 2009 | 7.35% | 1.95% |
| 2008 | 16.63% | 3.02% |
| 2007 | 8.40% | 1.85% |
| 2006 | 6.40% | 1.73% |
| 2005 | 7.76% | 1.73% |
| 2004 | 7.04% | 1.82% |
| 2003 | 6.33% | 1.47% |
| 2002 | 7.85% | 1.70% |
| 2001 | 7.46% | 1.25% |
| 2000 | 3.28% | 1.15% |
| 1999 | 0.00% | 0.24% |
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