PREF vs ZROZ

Comparison between PRINCIPAL SPECTRUM PREFERRED SECURITIES ACTIVE ETF (PREF, ETF) and PIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX EXCHANGE-TRADED FUND (ZROZ, ETF).

5-Year PerformancePREF has outperformed ZROZ, delivering a return of +3.1% compared to -11.4%

PREF vs ZROZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PREF(ETF)	ZROZ(ETF)
Net Assets	$1.40B	$1.40B
Expense Ratio	0.55%	0.15%
Max Drawdown	23.28%	67.48%
Sharpe Ratio	1.30	-0.21
5Y Beta	0.08	0.11
5Y Dividends CAGR	3.44%	3.66%

Net Assets

PREF

$1.40B

ZROZ

$1.40B

Expense Ratio

PREF

0.55%

Winner

ZROZ

0.15%

Max Drawdown

Winner

PREF

23.28%

ZROZ

67.48%

Sharpe Ratio

Winner

PREF

1.30

ZROZ

-0.21

5Y Beta

Winner

PREF

0.08

ZROZ

0.11

5Y Dividends CAGR

PREF

3.44%

Winner

ZROZ

3.66%

PREF vs ZROZ - Historical Returns

Returns include dividend reinvestment.

Period	PREF	ZROZ
1 month	+0.52%	-1.33%
3 months	+0.83%	-0.95%
6 months	+2.63%	-4.75%
1 year	+7.57%	+0.27%
5 years(CAGR)	+3.15%	-11.36%
10 years(CAGR)	+4.17%	-3.79%
Max(CAGR)	+4.17%	+2.14%

Winner

PREF

+0.52%

ZROZ

-1.33%

Winner

PREF

+0.83%

ZROZ

-0.95%

Winner

PREF

+2.63%

ZROZ

-4.75%

Winner

PREF

+7.57%

ZROZ

+0.27%

5Y(CAGR)

Winner

PREF

+3.15%

ZROZ

-11.36%

10Y(CAGR)

Winner

PREF

+4.17%

ZROZ

-3.79%

Max(CAGR)

Winner

PREF

+4.17%

ZROZ

+2.14%

PREF vs ZROZ - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	PREF	ZROZ
2026	+1.36%	-0.16%
2025	+7.58%	-1.87%
2024	+11.55%	-15.03%
2023	+6.79%	-1.52%
2022	-11.84%	-39.26%
2021	+2.13%	-4.79%
2020	+7.33%	+22.56%
2019	+17.66%	+20.05%
2018	-5.23%	-3.51%
2017	+2.04%	+13.87%
2016	N/A	-0.31%
2015	N/A	-7.39%
2014	N/A	+48.29%
2013	N/A	-19.11%
2012	N/A	+3.51%
2011	N/A	+61.75%
2010	N/A	+9.96%
2009	N/A	-6.29%

PREF vs ZROZ Drawdown Comparison

The maximum drawdown for PREF was -22.99%, occurring on Mar 19, 2020. Recovery took 129 trading sessions.

The maximum drawdown for ZROZ was -62.94%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current PREF drawdown is -0.06%. The current ZROZ drawdown is -59.76%.

Rank	PREF	ZROZ
#1	-22.99% Feb 21, 2020 - Aug 25, 2020	-62.94% Mar 9, 2020 - Oct 19, 2023
#2	-16.99% Sep 16, 2021 - Jul 12, 2024	-32.29% Jul 25, 2012 - Dec 11, 2014
#3	-6.42% Jan 16, 2018 - Mar 20, 2019	-28.88% Aug 26, 2010 - Aug 10, 2011
#4	-2.88% Feb 24, 2026 - Mar 27, 2026	-25.82% Jan 30, 2015 - Jun 27, 2016
#5	-2.56% Mar 20, 2025 - May 12, 2025	-25.21% Jul 8, 2016 - Aug 2, 2019
#6	-1.98% Feb 11, 2021 - Apr 21, 2021	-18.35% Oct 3, 2011 - Dec 19, 2011
#7	-1.50% Dec 5, 2017 - Dec 26, 2017	-17.49% Dec 19, 2011 - May 17, 2012
#8	-1.18% Sep 17, 2020 - Nov 5, 2020	-15.67% Nov 27, 2009 - May 6, 2010
#9	-0.98% Oct 17, 2024 - Nov 25, 2024	-12.23% Aug 28, 2019 - Feb 20, 2020
#10	-0.97% Oct 28, 2025 - Dec 22, 2025	-9.10% Aug 10, 2011 - Aug 18, 2011
#11	-0.91% Jan 6, 2025 - Jan 30, 2025	-8.29% May 6, 2010 - May 20, 2010
#12	-0.90% Aug 1, 2024 - Aug 16, 2024	-7.85% Sep 22, 2011 - Oct 3, 2011
#13	-0.86% Oct 30, 2017 - Nov 28, 2017	-7.18% Aug 19, 2011 - Sep 2, 2011
#14	-0.83% Dec 16, 2019 - Dec 19, 2019	-7.09% Jun 1, 2012 - Jul 20, 2012
#15	-0.72% Oct 3, 2017 - Oct 30, 2017	-6.88% Jul 1, 2010 - Aug 16, 2010

Correlation

Correlation between PREF and ZROZ is -0.30 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.30

-101

Dividend Comparison (2009 - 2026)

PREF vs ZROZ dividend yield comparison.

Year	PREF	ZROZ
2026	1.75%	1.30%
2025	4.87%	4.96%
2024	4.65%	4.58%
2023	4.67%	3.52%
2022	4.63%	2.76%
2021	4.07%	1.60%
2020	4.35%	1.68%
2019	4.67%	2.22%
2018	5.49%	2.06%
2017	2.35%	2.53%
2016	0.00%	3.00%
2015	0.00%	2.98%
2014	0.00%	2.60%
2013	0.00%	4.28%
2012	0.00%	3.16%
2011	0.00%	2.99%
2010	0.00%	4.55%
2009	0.00%	0.74%