PFFV vs. IPPP ETF Comparison
Comparison of Global X Variable Rate Preferred ETF (PFFV) to Preferred-Plus ETF (IPPP)
PFFV
Global X Variable Rate Preferred ETF
PFFV Description
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE U.S. Variable Rate Preferred Securities Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to track the broad-based performance of the U.S.-listed variable rate preferred securities market. It is non-diversified.
Grade (RS Rating)
Last Trade
$24.15
Average Daily Volume
48,834
10
IPPP
Preferred-Plus ETF
IPPP Description
The investment seeks to provide income. The fund invests at least 80% of its net assets (plus any borrowings made for investment purposes) in a portfolio of preferred securities issued by U.S. and non-U.S. companies. It may invest in preferred securities of all issuer capitalizations. The fund may also invest in publicly-traded partnerships (“PTPs”). The Advisor intends to maintain approximately 10% asset exposure to a credit spread options strategy, although market conditions may dictate additional exposure.Grade (RS Rating)
Last Trade
$10.31
Average Daily Volume
1,187
12
Performance
| Period | PFFV | IPPP |
|---|---|---|
| 30 Days | 0.31% | -1.28% |
| 60 Days | 1.47% | 2.09% |
| 90 Days | 2.11% | 5.20% |
| 12 Months | 7.24% | 20.75% |
PFFV: Top Represented Industries & Keywords
IPPP: Top Represented Industries & Keywords
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