Global X U.S. Preferred ETF (PFFD) Performance
PFFD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.8% since Dec 31, 2025
- 1 year
- −5.6% total return
- 5 years
- −1.9% a year
- Since first price
- +1.7% a year since 2017
PFFD trailing returns vs SPY, QQQ, AGG
| Period | PFFD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.6% | −4.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.1% | −6.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −7.0% | −10.0% | +7.8% | +8.4% | −1.5% |
| YTD | −4.8% | −9.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −5.6% | −11.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +17.4%+5.5%/yr | −2.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −9.3%−1.9%/yr | −33.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionSep 13, 2017 | +16.8%+1.7%/yr | −31.8% | — | — | — |
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: PFFD vs SPY
From Sep 13, 2017: PFFD grew to $11,684, SPY to $35,039.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFFD returns by calendar year
6 of 8 full years positive. Best 2019 (+17.4%), worst 2022 (−20.2%). 2026 is year to date.
PFFD annual returns table
| Year | PFFD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.8% | −8.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +3.2% | −8.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.1% | −6.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +6.8% | −16.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −20.2% | −21.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +5.1% | −3.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +8.9% | −30.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +17.4% | −1.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −3.9% | −8.4% | −4.6% | −0.1% | +0.1% |
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.
PFFD largest drawdowns
Now 10.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 11, 2020 | −30.9% | Mar 18, 2020 | Aug 20, 2020 | 36 days | 6 months |
| Nov 5, 2021 | −24.4% | Oct 19, 2023 | not yet | 2.0 years | 5.0 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PFFD risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +4.2% | −1.4% | +2.0% |
| Volatility (annualized) | 9.5% | 11.9% | 10.7% |
| Sharpe ratio | 0.02 | -0.37 | 0.01 |
| Sortino ratio | 0.03 | -0.51 | 0.01 |
| Best month | +8.7% | +11.6% | +11.6% |
| Worst month | −5.3% | −7.1% | −9.0% |
| Best 12 months | +23.1% | +23.1% | +23.1% |
| Worst 12 months | −3.5% | −20.2% | −20.2% |
| Positive months | 61% | 52% | 59% |
| Beta vs S&P 500 | 0.59 | 0.55 | — |
| Correlation with S&P 500 | 0.77 | 0.72 | — |
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.
PFFD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 98 | −20.2% | +3.4% | +23.1% | 68% |
| 3-year (a year) | 74 | −5.3% | +2.1% | +10.3% | 64% |
| 5-year (a year) | 50 | −2.0% | +1.1% | +3.3% | 84% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
PFFD performance overview
Global X U.S. Preferred ETF (PFFD) returned −5.6% over the past year and −1.9% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +1.7% a year, turning $10,000 into about $11,684. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −30.9%, from Feb 11, 2020 to Mar 18, 2020, and it took 5 months to get back to the old high. PFFD finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+17.4%) and the worst 2022 (−20.2%). Volatility has been 10.7% a year.
Related: PFFD chart, PFFD dividends. See the PFFD overview for the latest quote and fund facts.
PFFD performance FAQ
What is the PFFD return over the past year?
PFFD returned −5.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.5%.
What is the average annual return of PFFD?
PFFD has returned −1.9% a year over 5 years, +1.7% a year since September 13, 2017 (total return, distributions reinvested).
How much would $10,000 invested in PFFD be worth?
$10,000 invested in PFFD at its first recorded close on September 13, 2017 would be worth about $11,684 on October 23, 2026 with distributions reinvested.
What was the worst year for PFFD?
The worst calendar year was 2022, with a total return of −20.2%. The best was 2019 at +17.4%.
What is the biggest drawdown of PFFD?
The largest peak-to-trough decline was −30.9% between February 11, 2020 and March 18, 2020. It recovered to the old high on August 20, 2020, 5 months after the bottom.
How volatile is PFFD?
Over the past 3 years PFFD had an annualized volatility of 9.5% and a Sharpe ratio of 0.02 (excess return over 1–3 month T-bills per unit of risk).