PFF ranks 2nd and FPE 10th of 31 funds in the Preferred Securities Category.
FPE vs PFF
PFF −0.38pt a year
0.83%0.45%
PFF 2.2×the volume
1.4M3.04M
FPE +1.6pt
+4.2%+2.6%
FPE vs PFF Performance
+10.6%−2.8%
- FPE 0.83%
- PFF 0.45%, better
- FPE $5.81B
- PFF $11.7B
- FPE −1.9%, better
- PFF −3.8%
- FPE 6.38%, better
- PFF 5.73%
- FPE 264
- PFF 452
- FPE 1.4M sh
- PFF 3.04M sh, better
- FPE $17.01
- PFF $28.50
ETF.net Grade
| Pillar | FPE | PFF |
|---|---|---|
| Cost | F10 | A73Higher |
| Mission | A90Higher | A80 |
| Risk | B57Higher | D30 |
| Tradability | A82 | A92Higher |
| Holdings | A77Higher | B64 |
| Durability | A90 | A97Higher |
Rank among Preferred Securities funds
Same Category. FPE and PFF are both graded against the same 31 Preferred Securities funds, so their Grades compare head to head.
Our read on each fund
FPEB
PFFA
In short
FPE A preferred-securities fund that doesn't stop at preferreds: the mandate also reaches into corporate bonds, high yield and convertibles. Running since 2013, big, actively traded, and it pays monthly.
PFF Preferred 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
FPE The fund seeks total return and current income. It normally invests at least 80% of net assets in preferred securities and income-producing debt securities, including corporate bonds, high-yield securities, and convertible securities.
PFF 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
FPE vs PFF 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.
FPE vs PFF Cost
Overpaying FPE vs PFF
$6,818
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FPE 0.83%
$15,859
PFF 0.45%
$9,041
Cost over time
Year by year
| Year | FPE | PFF | Overpaying |
|---|---|---|---|
| 10 | $1,474 | $812 | $662 |
| 20 | $5,581 | $3,128 | $2,453 |
| 30 | $15,859 | $9,041 | $6,818 |
- 0.83%FPE
- 0.45%PFF, cheaper
- Middle half of Preferred Securities funds
- Median 0.50%
PFF 6th cheapest of 31 funds
FPE 28th cheapest of 31 funds
FPE vs PFF Dividends
- FPE 6.38%, better
- PFF 5.73%
- FPE $1.08
- PFF $1.63
- FPE $0.08
- PFF $0.16
- FPE Oct 21, 2026
- PFF Oct 1, 2026
- FPE Oct 30, 2026
- PFF Oct 6, 2026
- FPE Monthly
- PFF Monthly
Distribution history
FPE vs PFF Risk
Fall from peak · 5 years
- FPE
- PFF
Risk facts
- Volatility
- FPE 5.7%, betterPFF 8.5%
- Return per unit of risk
- FPE 0.80, betterPFF 0.22
- Worst fall
- FPE −19.4%, betterPFF −21.1%
- Market sensitivity
- FPE 0.72PFF 0.97
FPE and PFF in the news
Popular comparisons
- 0.83% · 0.23%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.45% · 0.23%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.83% · 0.39%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.45% · 0.39%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.83% · 0.25%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.45% · 0.25%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

