VTEC vs PFFD

Comparison between VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF) and GLOBAL X U.S. PREFERRED ETF (PFFD, ETF).

VTEC vs PFFD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VTEC(ETF)	PFFD(ETF)
Net Assets	$2.20B	$2.20B
Expense Ratio	0.06%	0.23%
Max Drawdown	5.70%	33.30%
Sharpe Ratio	0.86	0.73
5Y Beta	0.04	0.31
5Y Dividends CAGR	N/A	-0.33%

Net Assets

VTEC

$2.20B

PFFD

$2.20B

Expense Ratio

Winner

VTEC

0.06%

PFFD

0.23%

Max Drawdown

Winner

VTEC

5.70%

PFFD

33.30%

Sharpe Ratio

Winner

VTEC

0.86

PFFD

0.73

5Y Beta

Winner

VTEC

0.04

PFFD

0.31

5Y Dividends CAGR

VTEC

N/A

PFFD

-0.33%

VTEC vs PFFD - Historical Returns

Returns include dividend reinvestment.

Period	VTEC	PFFD
1 month	+0.29%	+3.11%
3 months	-0.55%	+0.76%
6 months	+1.13%	+3.70%
1 year	+6.28%	+8.89%
5 years(CAGR)	N/A	+0.19%
10 years(CAGR)	N/A	+2.78%
Max(CAGR)	+2.60%	+2.78%

VTEC

+0.29%

Winner

PFFD

+3.11%

VTEC

-0.55%

Winner

PFFD

+0.76%

VTEC

+1.13%

Winner

PFFD

+3.70%

VTEC

+6.28%

Winner

PFFD

+8.89%

5Y(CAGR)

VTEC

N/A

PFFD

+0.19%

10Y(CAGR)

VTEC

N/A

PFFD

+2.78%

Max(CAGR)

VTEC

+2.60%

Winner

PFFD

+2.78%

VTEC vs PFFD - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	VTEC	PFFD
2026	+0.48%	+2.13%
2025	+3.86%	+1.81%
2024	+1.42%	+6.94%
2023	N/A	+6.16%
2022	N/A	-19.72%
2021	N/A	+5.98%
2020	N/A	+8.02%
2019	N/A	+16.60%
2018	N/A	-2.69%
2017	N/A	+0.85%

VTEC vs PFFD Drawdown Comparison

The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.

The maximum drawdown for PFFD was -30.94%, occurring on Mar 18, 2020. Recovery took 133 trading sessions.

The current VTEC drawdown is -1.28%. The current PFFD drawdown is -2.64%.

Rank	VTEC	PFFD
#1	-4.50% Dec 2, 2024 - Sep 8, 2025	-30.94% Feb 11, 2020 - Aug 20, 2020
#2	-2.85% Feb 27, 2026 - Mar 27, 2026	-24.41% Nov 5, 2021 - Oct 19, 2023
#3	-2.43% Feb 1, 2024 - Aug 1, 2024	-8.44% Aug 31, 2018 - Feb 27, 2019
#4	-2.13% Oct 1, 2024 - Dec 2, 2024	-4.25% Dec 8, 2017 - Jul 2, 2018
#5	-0.79% Aug 6, 2024 - Sep 5, 2024	-3.39% Dec 31, 2020 - Apr 5, 2021
#6	-0.47% Sep 17, 2025 - Oct 10, 2025	-2.52% Apr 26, 2021 - Jun 2, 2021
#7	-0.44% Nov 26, 2025 - Dec 24, 2025	-2.45% Sep 16, 2021 - Nov 1, 2021
#8	-0.42% Nov 11, 2025 - Nov 26, 2025	-2.36% Sep 16, 2020 - Oct 5, 2020
#9	-0.34% Oct 29, 2025 - Nov 11, 2025	-2.07% Oct 12, 2020 - Nov 9, 2020
#10	-0.31% Jan 14, 2026 - Jan 30, 2026	-1.56% Sep 2, 2020 - Sep 16, 2020
#11	-0.16% Sep 27, 2024 - Oct 1, 2024	-1.44% Oct 23, 2019 - Dec 17, 2019
#12	-0.12% Sep 10, 2024 - Sep 13, 2024	-1.26% Jul 7, 2021 - Aug 3, 2021
#13	-0.11% Sep 17, 2024 - Sep 26, 2024	-1.11% Jul 20, 2018 - Aug 27, 2018
#14	-0.10% Sep 8, 2025 - Sep 10, 2025	-1.06% Jul 6, 2018 - Jul 20, 2018
#15	-0.09% Sep 11, 2025 - Sep 15, 2025	-1.00% Aug 6, 2021 - Sep 1, 2021