PFXF vs VTEC
Comparison between VANECK PREFERRED SECURITIES EX FINANCIALS ETF (PFXF, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).
PFXF vs VTEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PFXF
$2.20B
VTEC
$2.20B
Expense Ratio
PFXF
0.40%
Winner
VTEC
0.06%
Max Drawdown
PFXF
37.25%
Winner
VTEC
5.70%
Sharpe Ratio
Winner
PFXF
1.84
VTEC
0.86
5Y Beta
PFXF
0.39
Winner
VTEC
0.04
5Y Dividends CAGR
PFXF
5.74%
VTEC
N/A
PFXF vs VTEC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PFXF
+6.19%
VTEC
+0.29%
3M
Winner
PFXF
+4.53%
VTEC
-0.55%
6M
Winner
PFXF
+11.36%
VTEC
+1.13%
1Y
Winner
PFXF
+21.31%
VTEC
+6.28%
5Y(CAGR)
PFXF
+4.62%
VTEC
N/A
10Y(CAGR)
PFXF
+5.58%
VTEC
N/A
Max(CAGR)
Winner
PFXF
+5.78%
VTEC
+2.60%
PFXF vs VTEC - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | PFXF | VTEC |
|---|---|---|
| 2026 | +7.21% | +0.48% |
| 2025 | +8.88% | +3.86% |
| 2024 | +8.29% | +1.42% |
| 2023 | +10.52% | N/A |
| 2022 | -18.62% | N/A |
| 2021 | +12.47% | N/A |
| 2020 | +7.34% | N/A |
| 2019 | +19.71% | N/A |
| 2018 | -3.18% | N/A |
| 2017 | +7.69% | N/A |
| 2016 | +5.79% | N/A |
| 2015 | -2.03% | N/A |
| 2014 | +15.44% | N/A |
| 2013 | -2.29% | N/A |
| 2012 | +4.44% | N/A |
PFXF vs VTEC Drawdown Comparison
The maximum drawdown for PFXF was -35.50%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The current VTEC drawdown is -1.28%.
| Rank | PFXF | VTEC |
|---|---|---|
| #1 | -35.50% Feb 5, 2020 - Nov 9, 2020 | -4.50% Dec 2, 2024 - Sep 8, 2025 |
| #2 | -21.80% Dec 31, 2021 - Sep 17, 2024 | -2.85% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -11.89% Oct 16, 2024 - Jul 3, 2025 | -2.43% Feb 1, 2024 - Aug 1, 2024 |
| #4 | -10.73% Aug 29, 2018 - Feb 22, 2019 | -2.13% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -9.71% May 21, 2013 - Feb 28, 2014 | -0.79% Aug 6, 2024 - Sep 5, 2024 |
| #6 | -8.39% Jul 29, 2016 - May 2, 2017 | -0.47% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -8.08% May 18, 2015 - Mar 17, 2016 | -0.44% Nov 26, 2025 - Dec 24, 2025 |
| #8 | -5.83% Feb 25, 2026 - Apr 16, 2026 | -0.42% Nov 11, 2025 - Nov 26, 2025 |
| #9 | -5.05% Dec 11, 2017 - Jun 11, 2018 | -0.34% Oct 29, 2025 - Nov 11, 2025 |
| #10 | -4.93% Oct 27, 2025 - Dec 18, 2025 | -0.31% Jan 14, 2026 - Jan 30, 2026 |
| #11 | -3.70% Oct 18, 2012 - Dec 31, 2012 | -0.16% Sep 27, 2024 - Oct 1, 2024 |
| #12 | -3.04% Jan 20, 2021 - Mar 12, 2021 | -0.12% Sep 10, 2024 - Sep 13, 2024 |
| #13 | -3.03% Nov 5, 2021 - Dec 17, 2021 | -0.11% Sep 17, 2024 - Sep 26, 2024 |
| #14 | -2.72% Jul 28, 2014 - Aug 20, 2014 | -0.10% Sep 8, 2025 - Sep 10, 2025 |
| #15 | -2.70% Sep 2, 2021 - Oct 20, 2021 | -0.09% Sep 11, 2025 - Sep 15, 2025 |
Correlation
Correlation between PFXF and VTEC is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2012 - 2026)
PFXF vs VTEC dividend yield comparison.
| Year | PFXF | VTEC |
|---|---|---|
| 2026 | 1.73% | 1.03% |
| 2025 | 6.72% | 3.13% |
| 2024 | 7.82% | 2.54% |
| 2023 | 7.88% | 0.00% |
| 2022 | 6.74% | 0.00% |
| 2021 | 4.66% | 0.00% |
| 2020 | 5.19% | 0.00% |
| 2019 | 5.35% | 0.00% |
| 2018 | 6.56% | 0.00% |
| 2017 | 5.93% | 0.00% |
| 2016 | 5.81% | 0.00% |
| 2015 | 5.99% | 0.00% |
| 2014 | 5.91% | 0.00% |
| 2013 | 6.51% | 0.00% |
| 2012 | 2.56% | 0.00% |
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