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ETFs

Global X Variable Rate Preferred ETF

PFFV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 22, 2020
Expense Ratio
0.25%
Type
Preferred
Fund Owner
Global X
Volume (1m avg. daily)
$924,954
AUM
$218,320,419
Associated Index
ICE U.S. Variable Rate Preferred Securities Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MER/PR/K
Bank Of America Corp. - VR PRF REDEEM 15/12/2066 USD
4.35%
GS/PR/D
Goldman Sachs Group, Inc. - FR PRF PERPETUAL USD 25 - Ser D
4.02%
MS/PR/A
Morgan Stanley - FR PRF PERPETUAL USD 25000 - Ser A
3.98%
B 0 10/03/23
B 10/03/23
3.66%
ATH/PR/A
Athene Holding Ltd - FXDFR PRF PERPETUAL USD 25 - Ser A 1/1000 Int Dep
3.26%
USB/PR/H
U.S. Bancorp. - FR PRF PERPETUAL USD 25 - Ser B
3.13%
NLY/PR/F
Annaly Capital Management Inc - FXDFR PRF PERPETUAL USD 25 - Ser F
3.02%
RZC
Reinsurance Group Of America, Inc. - FXDFR DB REDEEM 15/10/2052 USD 25
3.01%
ATH/PR/C
Athene Holding Ltd - FXDFR PRF PERPETUAL USD 25 - Ser C 1/1000th Int
2.44%
WCC/PR/A
Wesco International, Inc. - 10.625% PRF PERPETUAL USD 25 - Ser A 1/1000 Dep Sh
2.36%
Invest with PFFV

What is PFFV?

The Global X Variable Rate Preferred ETF (PFFV) 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 ICE U.S. Variable Rate Preferred Securities Index tracks the performance of floating rate and fixed-to-floating rate exchange-listed U.S. dollar denominated preferred and convertible preferred securities publicly issued in the U.S. domestic market.

ETFs related toPFFV

ETFs correlated to PFFV include PFF, PSK, PFFD

PFFV
Global X Funds - Global X Variable Rate Preferred ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PFFV is a Preferred ETF. The Global X Variable Rate Preferred ETF (PFFV) 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 ICE U.S. Variable Rate Preferred Securities Index tracks the performance of floating rate and fixed-to-floating rate exchange-listed U.S. dollar denominated preferred and convertible preferred securities publicly issued in the U.S. domestic market.

PFFV tracks the ICE U.S. Variable Rate Preferred Securities Index.

PFFV dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

No, PFFV is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PFFV is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PFFV is 0.0191%. This is the percent change in the value of PFFV over the most recent 1-month period. The 3-month return on PFFV is 0.0388%. This is the percent change in the value of PFFV over the most recent 3-month period.

The standard deviation of PFFV for the past year is 0.137%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PFFV include QAI, PCEF, and MLPA.

ETFs correlated to PFFV include PFF, PSK, and PFFD.

ETFs that are inversely correlated to PFFV include BNKD, FAZ, and XBIL.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.