JPRF vs PFFV: Grades, Fees and Holdings Compared

JPMorgan Preferred and Income Securities ETF

JPRFCNYSE Arca

Global X Variable Rate Preferred ETF

PFFVBNYSE Arca

Overlap

No data

Expense ratio

PFFV −0.36pt a year

JPRF0.61%PFFV0.25%

Avg volume · 30D

JPRF 1.3×the volume

JPRF162KPFFV121K

JPRF vs PFFV Performance

Jul 31, 2026 – Oct 30, 2026

−2.1%JPRF−2.2%PFFV

Expense ratio: JPRF 0.61%; PFFV 0.25%, better
Fund size: JPRF $2.2B; PFFV $332M
1Y total return: JPRF No data; PFFV +0.1%
Yield (12M): JPRF No data; PFFV 8.36%
Holdings: JPRF 200; PFFV 58
Avg volume (30D): JPRF 162K sh, better; PFFV 121K sh
NAV per share: JPRF $48.15; PFFV $21.15
52W range

ETF.net Grade

Pillar letters and Scores for JPRF, PFFV, with each pillar’s weight
Pillar	JPRF	PFFV
Cost30% weight	F20	A97Higher
Mission25% weight	Not scored	B55
Risk15% weight	C47	B60Higher
Tradability15% weight	B56	B56
Holdings10% weight	B56Higher	D34
Durability5% weight	A74Higher	B63

Rank among Preferred Securities funds

How we build Categories ›

Same Category. JPRF and PFFV 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 ›

PFFV ranks 4th and JPRF 27th 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 3BEVPFEaton Vance Preferred Securities and Income ETFScore 68
Rank 4BPFFVGlobal X Variable Rate Preferred ETFScore 66
Rank 4BVRPInvesco Variable Rate Preferred ETFScore 66
Rank 26CPFFRInfraCap REIT Preferred ETFScore 44
Rank 27CJPRFJPMorgan Preferred and Income Securities ETFScore 41
Rank 27CQTPINorth Square RCIM Tax-Advantaged Preferred and Income Securities ETFScore 41

Our read on each fund

ETF.net Research

JPRFCJPMorgan Preferred and Income Securities ETF

PFFVBGlobal X Variable Rate Preferred ETF

In short

JPRF No data

PFFV Most preferred funds hand you a fixed coupon and a lot of rate sensitivity. PFFV screens for variable-rate preferreds only, so coupons reset off short-term benchmarks instead of standing still, at 0.25% a year with monthly payouts.

Stated mandate

JPRF No data

PFFV The fund seeks to provide investment results generally corresponding to the price and yield performance of the ICE U.S. Variable Rate Preferred Securities Index before fees and expenses.

Why people hold it

JPRF No data

PFFV Costs 0.25% a year, about half the typical preferred ETF fee and a fraction of what an actively run peer like FPE charges (0.83%).
The whole point: an index of variable-rate preferreds, whose coupons reset off short-term benchmarks rather than locking in for the life of the security.
Passive and plain-vanilla. Roughly 60 US preferred issues picked by published index rules, with income paid out monthly.
Stacks up as one of the stronger builds in a crowded preferred-ETF field, mostly on cost and a clean, rules-based mandate.

Worth knowing

JPRF No data

PFFV Preferred issuance skews to banks and insurers, so this is concentrated financials credit in bond clothing, spread across only about 60 positions.
Resets cut both ways. The same floating mechanism that lifts coupons when short-term rates climb also drags them down when rates fall.
Moderately traded and mid-sized rather than a heavyweight, so bid-ask spreads matter more here than in the largest preferred funds.

Full JPRF profile⁠

Full PFFV profile⁠

JPRF vs PFFV Holdings

As of Oct 13, 2026

How JPRF and PFFV differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile61.4%
Asset classFixed Income100%

Sector

No Sector split for JPRF and PFFV.

Country, concentration and asset class

Country by domicile

Country weights in JPRF and PFFV, widest gap first
Country	More in JPRFMore in PFFV	JPRF	PFFV
United States	PFFV +38.6 points	59.5%	98.1%
United Kingdom	JPRF +10.8 points	10.8%	0.0%
Canada	JPRF +8.2 points	10.1%	1.9%
France	JPRF +6.2 points	6.2%	0.0%
Spain	JPRF +5.0 points	5.0%	0.0%
Switzerland	JPRF +3.5 points	3.5%	0.0%
Netherlands	JPRF +2.3 points	2.3%	0.0%
Germany	JPRF +1.1 points	1.1%	0.0%
Other countries (6)	JPRF +1.5 points	1.5%	0.0%

Outside the US: JPRF 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

JPRF22.4%
PFFV31.1%

Securities held

JPRF173
PFFV58

Asset class

JPRF: Fixed Income
PFFV: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. JPRF holds 173 securities, PFFV 58.

All 199 JPRF holdings⁠All 57 PFFV 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.

JPRF vs PFFV Cost

Overpaying JPRF vs PFFV

$6,839

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

JPRF 0.61%
$11,998
PFFV 0.25%
$5,159

Amount$10,000

Years30 years

Cost over time

JPRF 0.61%
PFFV 0.25%
Overpaying

Year by year

Year	JPRF	PFFV	Overpaying
10	$1,093	$455	$638
20	$4,181	$1,769	$2,412
30	$11,998	$5,159	$6,839

Expense ratio

0.61%JPRF
0.25%PFFV, cheaper

PFFV0.25%JPRF0.61%

0.23%2.11%

Middle half of Preferred Securities funds
Median 0.50%

PFFV 2nd cheapest of 31 funds

JPRF 25th cheapest of 31 funds

JPRF vs PFFV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JPRF No data; PFFV 8.36%
Payout (12M): JPRF No data; PFFV $1.77
Last payment: JPRF $0.23; PFFV $0.13
Ex-dividend: JPRF Oct 1, 2026; PFFV Oct 1, 2026
Paid on: JPRF Oct 5, 2026; PFFV Oct 6, 2026
Frequency: JPRF Monthly; PFFV Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

JPRFMonthly · 3 paymentsAll JPRF payments⁠

PFFVMonthly · 45 paymentsAll PFFV payments⁠

JPRF vs PFFV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JPRF No dataPFFV 5.5%
Return per unit of riskSharpe ratio, 3 years: JPRF No dataPFFV 0.35
Worst fallMax drawdown, 5 years: JPRF No dataPFFV −18.9%
Market sensitivityBeta, 5 years: JPRF 0.72PFFV 0.42; Market = 1

JPRF and PFFV in the news

All news⁠

ETF Filings
BondBloxx registers a 0.22% core-plus bond ETF, and two funds still not for sale
Oct 21, 2026JPRF

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JPRF vs PFFV

In short

Stated mandate

Why people hold it

Worth knowing

How JPRF and PFFV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

BondBloxx registers a 0.22% core-plus bond ETF, and two funds still not for sale

How JPRF and PFFV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings