PFFD vs PFXF: Grades, Fees and Holdings Compared

Global X U.S. Preferred ETF

PFFDANYSE Arca

VanEck Preferred Securities ex Financials ETF

PFXFBNYSE Arca

Overlap

0.0%by weight

Expense ratio

PFFD −0.17pt a year

PFFD0.23%PFXF0.40%

Avg volume · 30D

PFFD 1.4×the volume

PFFD1.06MPFXF761K

5Y return · a year

PFXF +3.8pt

PFFD−2.3%PFXF+1.5%

PFFD vs PFXF Performance

Oct 29, 2021 – Oct 30, 2026

−10.8%PFFD+7.5%PFXF

Expense ratio: PFFD 0.23%, better; PFXF 0.40%
Fund size: PFFD $1.83B; PFXF $2.21B
1Y total return: PFFD −5.7%; PFXF +0.1%, better
Yield (12M): PFFD 7.07%, better; PFXF 6.37%
Holdings: PFFD 238; PFXF 118
Avg volume (30D): PFFD 1.06M sh, better; PFXF 761K sh
NAV per share: PFFD $17.00; PFXF $16.71
52W range

ETF.net Grade

Pillar letters and Scores for PFFD, PFXF, with each pillar’s weight
Pillar	PFFD	PFXF
Cost30% weight	A100Higher	A90
Mission25% weight	A75Higher	B58
Risk15% weight	D25	D32Higher
Tradability15% weight	A83Higher	A77
Holdings10% weight	C48Higher	F18
Durability5% weight	A72	A85Higher

Rank among Preferred Securities funds

How we build Categories ›

Same Category. PFFD and PFXF 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 PFXF 8th 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 7BPGXInvesco Preferred ETFScore 64
Rank 8BPFXFVanEck Preferred Securities ex Financials ETFScore 63
Rank 9BJHPIJohn Hancock Preferred Income ETFScore 62

Our read on each fund

ETF.net Research

PFFDAGlobal X U.S. Preferred ETF

PFXFBVanEck Preferred Securities ex Financials ETF

In short

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.

PFXF Most preferred funds are a bank bet in disguise, since financials dominate the preferred market. PFXF screens them out and tracks a non-financial preferred index instead, a niche it has held since 2012.

Stated mandate

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.

PFXF The Fund seeks to track, before fees and expenses, the price and yield performance of its named ICE preferred-securities index.

Why people hold it

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.

PFXF The whole idea in one line: no bank or insurer preferreds. The index keeps utilities, REITs and industrial issuers instead.vaneck.com
Costs 0.40% a year, under the median for its index-tracking peer group, and distributions come monthly.
Trading since 2012, over a billion dollars in assets and actively traded. A settled option, not a fresh launch chasing a theme.
Straightforward plumbing: passive index tracking, roughly 120 preferreds, at least 80% of assets in benchmark securities. Upper half of its index-wrapper peer group.

Worth knowing

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

PFXF Cutting financials shifts the concentration rather than removing it: utilities, REITs and industrial issuers carry the weight.vaneck.com
0.40% is normal for preferreds, steep beside plain stock index wrappers like SCHK (0.03%) or VOOV (0.07%).
Preferreds are rate-sensitive and sit below bonds in the capital stack, and VanEck discloses that payouts can include return of capital.

Full PFFD profile⁠

Full PFXF profile⁠

PFFD vs PFXF Holdings

As of Oct 13, 2026

How PFFD and PFXF differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of PFFD and 0.0% of PFXF.

Level by level

Holdings0 in both0.0%
Sector10 Sectors29.8%
Countryby domicile98.6%

Sector

Sector weights in PFFD and PFXF, widest gap first
Sector	More in PFFDMore in PFXF	PFFD	PFXF
Utilities	PFFD +66.1 points	84.9%	18.8%
Communication	PFXF +22.3 points	0.0%	22.3%
Real Estate	PFXF +16.7 points	0.0%	16.7%
Technology	PFXF +16.4 points	9.8%	26.2%
Health Care	PFXF +4.4 points	0.0%	4.4%
Industrials	PFFD +4.0 points	5.3%	1.3%
Consumer Staples	PFXF +3.5 points	0.0%	3.5%
Consumer Discretionary	PFXF +2.6 points	0.0%	2.6%
Financials	PFXF +2.2 points	0.0%	2.2%
Energy	PFXF +2.1 points	0.0%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in PFFD and PFXF, widest gap first
Country	More in PFFDMore in PFXF	PFFD	PFXF
Bermuda	PFFD +1.4 points	2.1%	0.7%
United States	PFXF +1.1 points	96.9%	98.0%
Canada	PFXF +0.3 points	1.0%	1.3%

Concentration

Weight in the 10 largest Holdings

PFFD25.1%
PFXF45.5%

Securities held

PFFD238
PFXF113

Asset class

PFFD: Fixed Income
PFXF: Multi-Asset

Holdings

Only in PFFD238
In both0
Only in PFXF113

Only in PFFD

238 securities, 100% of PFFD by weight

Ba 6 10/15/27 (BRBLC59)4.52%
Smci 7 06/01/29 (BWRXGQ3)3.91%
Orcl 6 1/2 01/15/29 (BTTQ6B4)3.21%
Googl 6 1/4 05/15/29 (BX59J50)2.34%
Wfc 7 1/2 Perp (B3KRSW9)2.33%
Googl 6 1/4 05/15/29 (BX59J61)2.32%
C 10.4746 10/30/40 (B3Z1BZ0)1.83%
Kkr 6 1/4 03/01/28 (BN72V73)1.65%
Nee 7 3/8 02/15/29 (BWTWYL9)1.55%
Mchp 7 1/2 03/15/28 (BTTRKK4)1.42%
So 7 1/8 12/15/28 (BMHXRD7)1.40%
Bac 7 1/4 Perp (B2PB3Z7)1.38%
Nee 7.234 11/01/27 (BRBLDX4)1.07%
Jpm 6 Perp (BJ2KBT6)1.04%
Jpm 5 3/4 Perp (BFY34D0)0.90%
Ares 6 3/4 10/01/27 (BR4TW49)0.90%
Brkr 6 3/8 09/01/28 (BVZM740)0.86%
T 4 3/4 Perp (BLL1ZY7)0.84%
Pcg 6 12/01/27 (BPGN2R8)0.82%
Mstr 8 Perp (BTCDKX2)0.82%
Ppl 7 02/15/29 (BWFB3Q8)0.81%
Jpm 4 5/8 Perp (BND7XB0)0.78%
Jpm 4.2 Perp (BN75VC7)0.78%
Gs 4.68873 Perp (B15CKS5)0.77%
Cof 5 Perp (BGMJPW3)0.75%
T 5.35 11/01/66 (BF545Q2)0.74%
Wfc 4 3/4 Perp (BJVB6B7)0.74%
Duk 5 3/4 Perp (BJXH6L3)0.67%
All 5.1 Perp (BKDKS91)0.63%
Jpm 4.55 Perp (BM8TGF9)0.62%
Ath 6.35 Perp (BPSKDY1)0.61%
T 5 Perp (BKPK060)0.61%
Cof 4.8 Perp (BK9PWX2)0.60%
Novt 6 1/2 11/01/28 (BTWWZS9)0.60%
Nee 6 1/2 06/01/2085 (BTZQRD7)0.59%
Xel 6 1/4 10/15/2085 (BV2JPV7)0.58%
Ms 6 5/8 Perp (BPDXXZ6)0.58%
Mtb 7 1/2 Perp (BS55Z77)0.57%
Usb 4.61453 Perp (B125QN4)0.56%
Ms 6 1/2 Perp (BQH5ZL5)0.56%
C 6 1/4 Perp (BWRNH48)0.55%
Ms 6 3/8 Perp (BQT2G00)0.55%
So 4.95 01/30/2080 (BKM3QB9)0.54%
Rga 7 1/8 10/15/52 (BMG9SY4)0.53%
Ms 4.71453 Perp (B1802M4)0.53%
Ms 7 1/8 Perp (BF4YJ94)0.52%
Ms 5.85 Perp (BYYYY81)0.51%
Met 4 3/4 Perp (BL3BQ19)0.51%
Ms 6 7/8 Perp (BH5QGM5)0.50%
Met 5 5/8 Perp (BG43LW5)0.49%

Only in PFXF

113 securities, 98.7% of PFXF by weight

Strategy Inc7.63%
Boeing Co/The7.08%
Nextera Energy Inc6.25%
Hewlett Packard Enterprise Co5.10%
Super Micro Computer Inc4.96%
Oracle Corp4.89%
Alphabet Inc4.46%
Alphabet Inc4.46%
Microchip Technology Inc2.31%
Southern Co/The2.20%
Albemarle Corp2.17%
Brightspring Health Services Inc1.78%
Nextera Energy Capital Holdings Inc1.44%
Bruker Corp1.41%
Pg&E Corp1.22%
Ppl Corp1.20%
At&T Inc1.19%
Strategy Inc1.09%
At&T Inc1.05%
Duke Energy Corp0.98%
Novanta Inc0.90%
At&T Inc0.87%
Xcel Energy Inc0.85%
Annaly Capital Management Inc0.82%
Strategy Inc0.82%
Strategy Inc0.82%
Southern Co/The0.77%
Ford Motor Co0.67%
Ford Motor Co0.64%
Agnc Investment Corp0.63%
Sempra0.63%
Chs Inc0.61%
Nextera Energy Capital Holdings Inc0.59%
Southern Co/The0.58%
Chs Inc0.57%
Cms Energy Corp0.56%
Dte Energy Co0.56%
Sce Trust Vii0.54%
Ford Motor Co0.52%
Rithm Capital Corp0.52%
Southern Co/The0.52%
Telephone And Data Systems Inc0.51%
Chs Inc0.49%
Annaly Capital Management Inc0.48%
Brookfield Property Preferred Lp0.47%
Qxo Inc0.46%
Duke Energy Corp0.46%
Agnc Investment Corp0.45%
Chs Inc0.44%
Liberty Latin America Ltd0.44%

Weight gaps

PFFD and PFXF share no securities.

All 237 PFFD holdings⁠All 116 PFXF 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.

PFFD vs PFXF Cost

Overpaying PFXF vs PFFD

$3,331

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

PFFD 0.23%
$4,759
PFXF 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

PFFD 0.23%
PFXF 0.40%
Overpaying

Year by year

Year	PFFD	PFXF	Overpaying
10	$419	$723	$304
20	$1,630	$2,793	$1,163
30	$4,759	$8,090	$3,331

Expense ratio

0.23%PFFD, cheaper
0.40%PFXF

PFFD0.23%PFXF0.40%

0.23%2.11%

Middle half of Preferred Securities funds
Median 0.50%

PFFD cheapest of 31 funds

PFXF 4th cheapest of 31 funds

PFFD vs PFXF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): PFFD 7.07%, better; PFXF 6.37%
Payout (12M): PFFD $1.20; PFXF $1.06
Last payment: PFFD $0.10; PFXF $0.06
Ex-dividend: PFFD Oct 1, 2026; PFXF Oct 1, 2026
Paid on: PFFD Oct 6, 2026; PFXF Oct 6, 2026
Frequency: PFFD Monthly; PFXF Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

PFFDMonthly · 45 paymentsAll PFFD payments⁠

PFXFMonthly · 45 paymentsAll PFXF payments⁠

PFFD vs PFXF Risk

Fall from peak · 5 years

PFFD
PFXF

Risk facts

VolatilityStd dev, 3 years: PFFD 9.1%, betterPFXF 9.9%
Return per unit of riskSharpe ratio, 3 years: PFFD 0.10PFXF 0.48, better
Worst fallMax drawdown, 5 years: PFFD −24.4%PFXF −21.8%, better
Market sensitivityBeta, 5 years: PFFD 1.07PFXF 0.97; Market = 1

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