VanEck Preferred Securities ex Financials ETF (PFXF) Performance
PFXF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.4% since Dec 31, 2025
- 1 year
- +0.1% total return
- 5 years
- +1.9% a year
- 10 years
- +4.4% a year
- Since first price
- +5.0% a year since 2012
PFXF trailing returns vs SPY, QQQ, AGG
| Period | PFXF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.2% | −4.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.7% | −2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.8% | −9.3% | +7.8% | +8.4% | −1.5% |
| YTD | −0.4% | −4.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.1% | −5.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +32.0%+9.7%/yr | +7.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +10.1%+1.9%/yr | −21.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +53.3%+4.4%/yr | −17.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJul 17, 2012 | +99.4%+5.0%/yr | −15.9% | — | — | — |
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: PFXF vs SPY
From Jul 17, 2012: PFXF grew to $19,940, SPY to $71,231.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFXF returns by calendar year
9 of 13 full years positive. Best 2019 (+20.5%), worst 2022 (−18.8%). 2026 is year to date.
PFXF annual returns table
| Year | PFXF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.4% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.6% | −11.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.4% | −5.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.2% | −11.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −18.8% | −21.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +11.6% | −3.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +7.6% | −35.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.5% | −1.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.2% | −10.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +7.9% | −2.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +6.6% | −8.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.5% | −8.1% | +1.2% | +9.4% | +0.5% |
| 2014 | +15.9% | −2.7% | +13.5% | +19.2% | +6.0% |
| 2013 | −2.1% | −9.7% | +32.3% | +36.6% | −2.0% |
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.
PFXF largest drawdowns
Now 9.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 5, 2020 | −35.5% | Mar 18, 2020 | Nov 9, 2020 | 42 days | 9 months |
| Dec 31, 2021 | −21.8% | Oct 21, 2022 | Sep 17, 2024 | 10 months | 2.7 years |
| Oct 16, 2024 | −11.9% | Apr 7, 2025 | Jul 3, 2025 | 6 months | 9 months |
| Aug 29, 2018 | −10.7% | Dec 24, 2018 | Feb 22, 2019 | 4 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PFXF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +8.8% | +3.0% | +4.6% | +5.2% |
| Volatility (annualized) | 10.0% | 12.1% | 11.6% | 10.1% |
| Sharpe ratio | 0.46 | 0.01 | 0.25 | 0.39 |
| Sortino ratio | 0.72 | 0.01 | 0.37 | 0.58 |
| Best month | +8.4% | +9.9% | +11.4% | +11.4% |
| Worst month | −5.4% | −6.7% | −14.1% | −14.1% |
| Best 12 months | +21.6% | +21.6% | +33.2% | +33.2% |
| Worst 12 months | +2.1% | −18.8% | −18.8% | −18.8% |
| Positive months | 67% | 58% | 63% | 64% |
| Beta vs S&P 500 | 0.64 | 0.64 | 0.60 | — |
| Correlation with S&P 500 | 0.80 | 0.83 | 0.79 | — |
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.
PFXF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 160 | −18.8% | +5.4% | +33.2% | 82% |
| 3-year (a year) | 136 | −0.8% | +4.8% | +13.1% | 93% |
| 5-year (a year) | 112 | +1.2% | +4.7% | +8.4% | 100% |
| 10-year (a year) | 52 | +3.7% | +4.6% | +5.8% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
PFXF performance overview
VanEck Preferred Securities ex Financials ETF (PFXF) returned +0.1% over the past year and +4.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +5.0% a year, turning $10,000 into about $19,940. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.5%, from Feb 5, 2020 to Mar 18, 2020, and it took 8 months to get back to the old high. PFXF finished 9 of its 13 full calendar years with a gain; the best year was 2019 (+20.5%) and the worst 2022 (−18.8%). Volatility has been 10.1% a year.
Related: PFXF chart, PFXF dividends. See the PFXF overview for the latest quote and fund facts.
PFXF performance FAQ
What is the PFXF return over the past year?
PFXF returned +0.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.7%.
What is the average annual return of PFXF?
PFXF has returned +1.9% a year over 5 years, +4.4% a year over 10 years, +5.0% a year since July 17, 2012 (total return, distributions reinvested).
How much would $10,000 invested in PFXF be worth?
$10,000 invested in PFXF at its first recorded close on July 17, 2012 would be worth about $19,940 on October 23, 2026 with distributions reinvested.
What was the worst year for PFXF?
The worst calendar year was 2022, with a total return of −18.8%. The best was 2019 at +20.5%.
What is the biggest drawdown of PFXF?
The largest peak-to-trough decline was −35.5% between February 5, 2020 and March 18, 2020. It recovered to the old high on November 9, 2020, 8 months after the bottom.
How volatile is PFXF?
Over the past 3 years PFXF had an annualized volatility of 10.0% and a Sharpe ratio of 0.46 (excess return over 1–3 month T-bills per unit of risk).