Deep Dive
Financials drop 2.4% after the Fed's first hike since 2023 and a Bank of America fee warning
Global X - SuperIncome Preferred ETF
$9.04+0.07 (+0.78%)
- 0.48%
- $137M
- +5.2%
- 7.06%
- 0M sh
- $9.07
- low $8.79high $9.77
The ETF.net SPFF Grade
C
Score 46 out of 100
- 23 of 31
Score 46 of 100 falls in the C 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.B63 out of 100Rank 12 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.C52 out of 100Rank 21 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D33 out of 100Rank 24 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D26 out of 100Rank 24 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F21 out of 100Rank 28 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 12 of 31
Our read on SPFF
CMost preferred funds buy the whole market. SPFF shops at the top of the yield table: roughly 50 of the highest-yielding US preferreds, tracked by index rule and paid out monthly since 2012.
The Fund seeks investment results that generally correspond to the price and yield performance of the Global X U.S. High Yield Preferred Index, before fees and expenses.
Why people hold it
- Income density is the design: the index ranks US preferred securities by yield and holds about 50 from the top, rather than spreading thin across the entire preferred market.globalxetfs.com
- Pays monthly, and has done so since the 2012 launch. That is a long, unbroken cadence for an income sleeve.globalxetfs.com
- Preferred payouts can be treated as qualified dividend income rather than ordinary interest, a tax wrinkle most bond funds cannot offer.globalxetfs.com
- The 0.48% fee sits near the middle of the preferred ETF pack. Not the discount aisle, not a premium either.
Worth knowing
- About 50 positions means every name carries real weight. Broad preferred funds spread the same risk across hundreds of issues.globalxetfs.com
- Buying the highest-yielding preferreds means owning the paper the market prices most cautiously, and price swings have run hotter than the calmer end of the peer group.
- Cheaper builds exist in the same cohort (PFFV at 0.25%, EVPF at 0.20%), and SPFF's mid-size asset base and moderate volume mean spreads deserve a look on bigger orders.
SPFF Holdings
- Bonds
- 51
- 42%
- Hpe 7 5/8 09/01/27 (BRBVKF5)
Sectors
- Financials100.0%
SPFF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SPFF$10,519
Returns run to the Oct 12, 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 | SPFF |
|---|---|
| Year to date | +1.3% |
| 1 month | −2.9% |
| 3 months | −2.5% |
| 1 year | +5.2% |
| 3 years | +9.2% |
| 5 years | +1.0% |
| 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 | SPFF |
|---|---|---|
| 2026 YTD | +1.3% | |
| 2025 | +7.5% | |
| 2024 | +8.6% | |
| 2023 | +3.1% | |
| 2022 | −14.3% | |
| 2021 | +5.2% | |
| 2020 | +7.0% |
SPFF in the news
SPFF Dividends
- 7.06%
- $0.64
- $0.05 per share
- Monthly
Distribution history
SPFF Risk
- 10.8%
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.
- 0.34
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.
- −22.8%
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.
- 1.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPFF Cost
0.48%
SPFF0.48%
- The middle half of Preferred Securities funds
- Median 0.50%
11 of the 31 Preferred Securities funds charge less.
Other funds in Preferred Securities
- CPQDIPrincipal Spectrum Preferred and Income ETFExpense ratio 0.60%1 year return +1.2%
- CPRFDPIMCO Preferred And Capital Securities Active Exchange-Traded FundExpense ratio 0.88%1 year return +0.3%
- CPFFRInfraCap REIT Preferred ETFExpense ratio 0.45%1 year return −2.9%
- CPFFAVirtus InfraCap U.S. Preferred Stock ETFExpense ratio 2.11%1 year return −0.5%
- CJPRFJPMorgan Preferred and Income Securities ETFExpense ratio 0.61%1 year return —