Virtus InfraCap U.S. Preferred Stock (PFFA) Performance
PFFA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −5.4% since Dec 31, 2025
- 1 year
- −3.8% total return
- 5 years
- +3.8% a year
- Since first price
- +6.2% a year since 2018
PFFA trailing returns vs SPY, QQQ, AGG
| Period | PFFA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.2% | −7.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.8% | −8.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −8.1% | −12.6% | +7.8% | +8.4% | −1.5% |
| YTD | −5.4% | −12.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −3.8% | −12.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +38.0%+11.3%/yr | +3.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +20.8%+3.8%/yr | −25.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 16, 2018 | +65.9%+6.2%/yr | −24.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PFFA vs SPY
From May 16, 2018: PFFA grew to $16,589, SPY to $31,750.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFFA returns by calendar year
5 of 7 full years positive. Best 2019 (+32.0%), worst 2022 (−20.9%). 2026 is year to date.
PFFA annual returns table
| Year | PFFA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −5.4% | −9.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.2% | −11.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.1% | −5.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +26.4% | −15.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −20.9% | −22.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.5% | −3.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −7.9% | −70.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +32.0% | −2.1% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PFFA largest drawdowns
Now 9.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2020 | −70.5% | Mar 18, 2020 | Mar 31, 2021 | 29 days | 1.1 years |
| Jan 14, 2022 | −22.7% | Oct 21, 2022 | Dec 29, 2023 | 9 months | 2.0 years |
| Aug 31, 2018 | −16.5% | Dec 24, 2018 | Mar 15, 2019 | 4 months | 6 months |
| Oct 16, 2024 | −12.2% | Apr 7, 2025 | Aug 4, 2025 | 6 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PFFA risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +10.8% | +5.0% | +6.7% |
| Volatility (annualized) | 10.5% | 15.2% | 25.1% |
| Sharpe ratio | 0.62 | 0.16 | 0.30 |
| Sortino ratio | 1.04 | 0.25 | 0.41 |
| Best month | +7.5% | +17.8% | +35.4% |
| Worst month | −5.0% | −12.1% | −46.0% |
| Best 12 months | +35.1% | +35.1% | +107.7% |
| Worst 12 months | +0.2% | −20.9% | −43.7% |
| Positive months | 67% | 57% | 64% |
| Beta vs S&P 500 | 0.61 | 0.71 | — |
| Correlation with S&P 500 | 0.73 | 0.73 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PFFA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 90 | −43.7% | +8.6% | +107.7% | 72% |
| 3-year (a year) | 66 | −3.4% | +8.3% | +25.7% | 94% |
| 5-year (a year) | 42 | +3.1% | +6.4% | +21.5% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
PFFA performance overview
Virtus InfraCap U.S. Preferred Stock (PFFA) returned −3.8% over the past year and +3.8% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +6.2% a year, turning $10,000 into about $16,589. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −70.5%, from Feb 18, 2020 to Mar 18, 2020, and it took 1.0 years to get back to the old high. PFFA finished 5 of its 7 full calendar years with a gain; the best year was 2019 (+32.0%) and the worst 2022 (−20.9%). Volatility has been 25.1% a year.
Related: PFFA chart, PFFA holdings, PFFA dividends. See the PFFA overview for the latest quote and fund facts.
PFFA performance FAQ
What is the PFFA return over the past year?
PFFA returned −3.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 12.8%.
What is the average annual return of PFFA?
PFFA has returned +3.8% a year over 5 years, +6.2% a year since May 16, 2018 (total return, distributions reinvested).
How much would $10,000 invested in PFFA be worth?
$10,000 invested in PFFA at its first recorded close on May 16, 2018 would be worth about $16,589 on October 23, 2026 with distributions reinvested.
What was the worst year for PFFA?
The worst calendar year was 2022, with a total return of −20.9%. The best was 2019 at +32.0%.
What is the biggest drawdown of PFFA?
The largest peak-to-trough decline was −70.5% between February 18, 2020 and March 18, 2020. It recovered to the old high on March 31, 2021, 1.0 years after the bottom.
How volatile is PFFA?
Over the past 3 years PFFA had an annualized volatility of 10.5% and a Sharpe ratio of 0.62 (excess return over 1–3 month T-bills per unit of risk).