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ETFs

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN

PFFL
$--
Today’s Change
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Snapshot
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Inception Date
Sep 25 2018
Expense Ratio
0.85%
Type
Preferred
Fund Owner
UBS
Volume (1m avg. daily)
$34,246
AUM
$9,450,000
Associated Index
Solactive Preferred Stock ETF Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with PFFL

What is PFFL?

The ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSE: PFFL) is an exchange-traded note linked to the performance of the Solactive Preferred Stock ETF Index, less investor fees. The Solactive Preferred Stock ETF Index, is intended to track the price movements of an equally weighted portfolio containing two U.S. preferred stock ETFs. Each of the ETFs seeks to track the performance of separate indices, which measure the performance of a select group of preferred stock securities.

ETFs related toPFFL

ETFs correlated to PFFL include PGX, PSK, PFF

PFFL
UBS AG London Branch - ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
YYY
Amplify ETF Trust - Amplify High Income ETF

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

PFFL is a Preferred ETF. The ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSE: PFFL) is an exchange-traded note linked to the performance of the Solactive Preferred Stock ETF Index, less investor fees. The Solactive Preferred Stock ETF Index, is intended to track the price movements of an equally weighted portfolio containing two U.S. preferred stock ETFs. Each of the ETFs seeks to track the performance of separate indices, which measure the performance of a select group of preferred stock securities.

PFFL tracks the Solactive Preferred Stock ETF Index.

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

No, PFFL 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, PFFL 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 PFFL is 0.0117%. This is the percent change in the value of PFFL over the most recent 1-month period. The 3-month return on PFFL is -0.0236%. This is the percent change in the value of PFFL over the most recent 3-month period.

The standard deviation of PFFL for the past year is 0.3126%. 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 PFFL include CEFD, BITI, and BITX.

ETFs correlated to PFFL include PGX, PSK, and PFF.

ETFs that are inversely correlated to PFFL include SJB, FAZ, and RWM.

Yes, PFFL is a Leveraged (2x) ETF: This means that PFFL will try to match the performance of Solactive Preferred Stock ETF Index, but with 2x the returns.

Yes, PFFL is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Solactive Preferred Stock ETF Index, but move 2x in the opposite direction.

Disclaimers

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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.