CSPF vs PFFD: Grades, Fees and Holdings Compared

Cohen & Steers Preferred and Income Opportunities Active ETF

CSPFCNYSE Arca

Global X U.S. Preferred ETF

PFFDANYSE Arca

Overlap

No data

Expense ratio

PFFD −0.36pt a year

CSPF0.59%PFFD0.23%

Avg volume · 30D

PFFD 12.3×the volume

CSPF86.4KPFFD1.06M

CSPF vs PFFD Performance

Oct 31, 2025 – Oct 30, 2026

+1.9%CSPF−5.7%PFFD

Expense ratio: CSPF 0.59%; PFFD 0.23%, better
Fund size: CSPF $18M; PFFD $1.83B
1Y total return: CSPF +1.9%, better; PFFD −5.7%
Yield (12M): CSPF 5.83%; PFFD 7.07%, better
Holdings: CSPF 344; PFFD 238
Avg volume (30D): CSPF 86.4K sh; PFFD 1.06M sh, better
NAV per share: CSPF $25.00; PFFD $17.00
52W range

ETF.net Grade

Pillar letters and Scores for CSPF, PFFD, with each pillar’s weight
Pillar	CSPF	PFFD
Cost30% weight	D32	A100Higher
Mission25% weight	B66	A75Higher
Risk15% weight	A74Higher	D25
Tradability15% weight	D35	A83Higher
Holdings10% weight	A81Higher	C48
Durability5% weight	D28	A72Higher

Rank among Preferred Securities funds

How we build Categories ›

Same Category. CSPF and PFFD are both graded against the same 31 Preferred Securities funds, so their Grades compare head to head.

Preferred Securities⁠

Category · 31 funds

See all 31 ›

PFFD ranks 1st and CSPF 20th of 31 funds in the Preferred Securities Category.

Rank 1APFFDGlobal X U.S. Preferred ETFScore 73
Rank 2APFFiShares Preferred and Income Securities ETFScore 71
Rank 18CPRIZZacks Preferred Income ETFScore 52
Rank 20CCSPFCohen & Steers Preferred and Income Opportunities Active ETFScore 51
Rank 21CPRFDPIMCO Preferred And Capital Securities Active Exchange-Traded FundScore 50

Our read on each fund

ETF.net Research

CSPFCCohen & Steers Preferred and Income Opportunities Active ETF

PFFDAGlobal X U.S. Preferred ETF

In short

CSPF An active preferred-securities fund from a specialist shop, free to roam US and overseas issues instead of tracking an index, and cutting a distribution check every month.

PFFD Preferred stock is a corner where fund fees usually run rich. PFFD turned up in 2017 charging 0.23% for a broad basket of U.S. preferreds, and it has paid monthly ever since. Cheap, plain-vanilla exposure to an income niche.

Stated mandate

CSPF The Fund seeks total return through high current income and capital appreciation.

PFFD PFFD seeks to track the performance of the ICE BofA Diversified Core U.S. Preferred Securities Index before fees and expenses. It provides broad exposure to U.S. preferred stocks.

Why people hold it

CSPF No index to follow. The managers pick roughly 220 preferred and income securities across US and non-US issuers, chasing total return from both current income and price gains.
Pays monthly, so the income shows up on a paycheck-like rhythm rather than in quarterly lumps.
Despite arriving in 2025, it already grades in the upper half of the preferred ETF group we cover, helped by how smoothly it trades and what sits inside the portfolio.

PFFD Charges 0.23% a year, which Global X notes is less than half the average fee among competing preferred funds.globalxetfs.com
Holds roughly 220 U.S. preferreds tracking the ICE BofA Diversified Core index. Benchmark-like exposure, not a manager's shortlist.globalxetfs.com
Pays distributions monthly, and has done so every year since its 2017 launch.globalxetfs.com
A multi-billion-dollar fund that trades actively, so entering and exiting is rarely the hard part.

Worth knowing

CSPF Active management costs money: 0.59% a year, above the middle of the preferred ETF pack and well above index-based rivals like EVPF and PFFV.
Launched February 2025, so there is only a short record to judge the stock-picking against. Our risk read rests on roughly a year of data.
Preferreds live between bonds and stocks: long-dated, rate-sensitive, and reliant on the issuer staying healthy. Expect bond-like swings, not cash-like calm.

PFFD Preferreds come mostly from banks and insurers, and the index has been concentrated in banking, so the ride tracks financial-sector health.globalxetfs.com
These securities behave more like long bonds than stocks: interest rate moves push prices around, as the fund's risk disclosures describe.globalxetfs.com
Monthly does not mean fixed. The payout size floats with what the portfolio collects.globalxetfs.com

Full CSPF profile⁠

Full PFFD profile⁠

CSPF vs PFFD Holdings

As of Oct 13, 2026

How CSPF and PFFD differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile36.8%
Asset classFixed Income100%

Sector

No Sector split for CSPF.

Country, concentration and asset class

Country by domicile

Country weights in CSPF and PFFD, widest gap first
Country	More in CSPFMore in PFFD	CSPF	PFFD
United States	PFFD +62.1 points	34.8%	96.9%
Canada	CSPF +13.6 points	14.6%	1.0%
France	CSPF +11.4 points	11.4%	0.0%
United Kingdom	CSPF +10.1 points	10.1%	0.0%
Netherlands	CSPF +6.6 points	6.6%	0.0%
Germany	CSPF +4.8 points	4.8%	0.0%
Switzerland	CSPF +4.4 points	4.4%	0.0%
Spain	CSPF +3.4 points	3.4%	0.0%
Other countries (12)	CSPF +7.9 points	10.0%	2.1%

Outside the US: CSPF 97% developed, 3% emerging.

Concentration

Weight in the 10 largest Holdings

CSPF14.8%
PFFD25.1%

Securities held

CSPF341
PFFD238

Asset class

CSPF: Fixed Income
PFFD: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. CSPF holds 341 securities, PFFD 238.

All 218 CSPF holdings⁠All 237 PFFD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CSPF vs PFFD Cost

Overpaying CSPF vs PFFD

$6,876

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CSPF 0.59%
$11,635
PFFD 0.23%
$4,759

Amount$10,000

Years30 years

Cost over time

CSPF 0.59%
PFFD 0.23%
Overpaying

Year by year

Year	CSPF	PFFD	Overpaying
10	$1,058	$419	$639
20	$4,051	$1,630	$2,421
30	$11,635	$4,759	$6,876

Expense ratio

0.59%CSPF
0.23%PFFD, cheaper

PFFD0.23%CSPF0.59%

0.23%2.11%

Middle half of Preferred Securities funds
Median 0.50%

PFFD cheapest of 31 funds

CSPF 21st cheapest of 31 funds

CSPF vs PFFD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CSPF 5.83%; PFFD 7.07%, better
Payout (12M): CSPF $1.46; PFFD $1.20
Last payment: CSPF $0.16; PFFD $0.10
Ex-dividend: CSPF Oct 29, 2026; PFFD Oct 1, 2026
Paid on: CSPF Oct 30, 2026; PFFD Oct 6, 2026
Frequency: CSPF Monthly; PFFD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CSPFMonthly · 21 paymentsAll CSPF payments⁠

PFFDMonthly · 45 paymentsAll PFFD payments⁠

CSPF vs PFFD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CSPF 3.8%since Mar 2025PFFD 9.1%
Return per unit of riskSharpe ratio, 3 years: CSPF 0.34since Mar 2025PFFD 0.10
Worst fallMax drawdown, 5 years: CSPF −3.2%since Feb 2025PFFD −24.4%
Market sensitivityBeta, 5 years: CSPF 0.21PFFD 1.07; Market = 1

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