iShares Preferred and Income Securities ETF
$28.14−0.58 (−2.02%)
- 0.45%
- $11.7B
- −4.3%
- 5.82%
- 3.06M sh
- low $28.06high $32.26
The ETF.net PFF Grade
A
Score 71 out of 100
- 2 of 31
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A73 out of 100Rank 6 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.A80 out of 100Rank 4 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D31 out of 100Rank 25 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A90 out of 100Rank 2 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 13 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A97 out of 100Rank 1 of 31
Our read on PFF
In short
APreferred stock is a clumsy market to shop one issue at a time. PFF, running since 2007, bundles roughly 500 US dollar preferreds and hybrids into a single heavily traded ticker and pays out monthly.
Stated mandate
The fund seeks to track an index of U.S. dollar-denominated preferred and hybrid securities, providing exposure to preferred stock and subordinated debt with an income-oriented mandate.
Why people hold it
Worth knowing
PFF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PFF$9,572
Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PFF |
|---|---|
| Year to date | −4.8% |
| 1 month | −4.0% |
| 3 months | −6.9% |
| 1 year | −4.3% |
| 3 years | +4.0% |
| 5 years | −0.8% |
| 10 years | +2.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PFF |
|---|---|---|
| 2026 YTD | −4.8% | |
| 2025 | +4.9% | |
| 2024 | +7.2% | |
| 2023 | +9.2% | |
| 2022 | −18.2% | |
| 2021 | +7.1% | |
| 2020 | +7.9% |
PFF in the news
PFF Dividends
- 5.82%
- $1.64
- $0.18 per share
- Monthly
PFF Risk
- 8.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.22
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.97
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
PFF Cost
Overpaying vs PFFD, cheapest in Preferred Securities
$4,282
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PFF 0.45%
$9,041
PFFD 0.23% Cheapest
$4,759
Cost over time
Year by year
| Year | PFF | PFFD | Overpaying |
|---|---|---|---|
| 10 | $812 | $419 | $393 |
| 20 | $3,128 | $1,630 | $1,498 |
| 30 | $9,041 | $4,759 | $4,282 |
Other funds in Preferred Securities
- APFFDGlobal X U.S. Preferred ETFExpense ratio 0.23%1 year return −5.7%
- BEVPFEaton Vance Preferred Securities and Income ETFExpense ratio 0.39%1 year return
- BPFFVGlobal X Variable Rate Preferred ETFExpense ratio 0.25%1 year return −0.3%
- BVRPInvesco Variable Rate Preferred ETFExpense ratio 0.50%1 year return +1.8%
- BPSKState Street SPDR ICE Preferred Securities ETFExpense ratio 0.45%1 year return −7.7%
