Global X Variable Rate Preferred ETF (PFFV) Performance
PFFV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.2% since Dec 31, 2025
- 1 year
- +0.5% total return
- 5 years
- +1.6% a year
- Since first price
- +4.3% a year since 2020
PFFV trailing returns vs SPY, QQQ, AGG
| Period | PFFV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.8% | −2.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.2% | −2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.9% | −4.4% | +7.8% | +8.4% | −1.5% |
| YTD | +1.2% | −4.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.5% | −7.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +21.8%+6.8%/yr | −3.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +8.4%+1.6%/yr | −23.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 24, 2020 | +30.5%+4.3%/yr | −14.1% | — | — | — |
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: PFFV vs SPY
From Jun 24, 2020: PFFV grew to $13,046, SPY to $27,205.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFFV returns by calendar year
4 of 5 full years positive. Best 2023 (+10.7%), worst 2022 (−13.8%). 2026 is year to date.
PFFV annual returns table
| Year | PFFV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.2% | −3.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.1% | −6.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.5% | −3.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.7% | −13.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.8% | −16.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.3% | −2.9% | +28.7% | +27.4% | −1.8% |
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.
PFFV largest drawdowns
Now 2.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 8, 2021 | −19.0% | May 4, 2023 | Jun 24, 2024 | 1.5 years | 2.6 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PFFV risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +6.0% | +1.9% | +4.7% |
| Volatility (annualized) | 5.7% | 8.1% | 8.0% |
| Sharpe ratio | 0.29 | -0.17 | 0.25 |
| Sortino ratio | 0.47 | -0.25 | 0.41 |
| Best month | +5.1% | +8.2% | +8.2% |
| Worst month | −3.2% | −5.3% | −5.3% |
| Best 12 months | +18.1% | +18.1% | +20.6% |
| Worst 12 months | −0.4% | −14.5% | −14.5% |
| Positive months | 64% | 57% | 59% |
| Beta vs S&P 500 | 0.31 | 0.32 | — |
| Correlation with S&P 500 | 0.69 | 0.62 | — |
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.
PFFV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 65 | −14.5% | +4.2% | +20.6% | 71% |
| 3-year (a year) | 41 | +0.2% | +3.8% | +8.2% | 100% |
| 5-year (a year) | 17 | +1.5% | +2.5% | +4.8% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
PFFV performance overview
Global X Variable Rate Preferred ETF (PFFV) returned +0.5% over the past year and +1.6% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +4.3% a year, turning $10,000 into about $13,046. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.0%, from Nov 8, 2021 to May 4, 2023, and it took 1.1 years to get back to the old high. PFFV finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+10.7%) and the worst 2022 (−13.8%). Volatility has been 8.0% a year.
Related: PFFV chart, PFFV dividends. See the PFFV overview for the latest quote and fund facts.
PFFV performance FAQ
What is the PFFV return over the past year?
PFFV returned +0.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.2%.
What is the average annual return of PFFV?
PFFV has returned +1.6% a year over 5 years, +4.3% a year since June 24, 2020 (total return, distributions reinvested).
How much would $10,000 invested in PFFV be worth?
$10,000 invested in PFFV at its first recorded close on June 24, 2020 would be worth about $13,046 on October 23, 2026 with distributions reinvested.
What was the worst year for PFFV?
The worst calendar year was 2022, with a total return of −13.8%. The best was 2023 at +10.7%.
What is the biggest drawdown of PFFV?
The largest peak-to-trough decline was −19.0% between November 8, 2021 and May 4, 2023. It recovered to the old high on June 24, 2024, 1.1 years after the bottom.
How volatile is PFFV?
Over the past 3 years PFFV had an annualized volatility of 5.7% and a Sharpe ratio of 0.29 (excess return over 1–3 month T-bills per unit of risk).