PFFD vs QTPI: Grades, Fees and Holdings Compared

Global X U.S. Preferred ETF

PFFDANYSE Arca

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF

QTPICNYSE Arca

Overlap

0.0%by weight

Expense ratio

PFFD −0.37pt a year

PFFD0.23%QTPI0.60%

Avg volume · 30D

PFFD 162.7×the volume

PFFD1.12MQTPI6.86K

PFFD vs QTPI Performance

Nov 7, 2025 – Nov 9, 2026

−4.2%PFFD+1.1%QTPI

Expense ratio: PFFD 0.23%, better; QTPI 0.60%
Fund size: PFFD $1.86B; QTPI $77M
1Y total return: PFFD −4.2%; QTPI +1.1%, better
Yield (12M): PFFD 7.02%, better; QTPI 4.42%
Holdings: PFFD 238; QTPI 55
Avg volume (30D): PFFD 1.12M sh, better; QTPI 6.86K sh
NAV per share: PFFD $16.92; QTPI $24.74
52W range

ETF.net Grade

Pillar letters and Scores for PFFD, QTPI, with each pillar’s weight
Pillar	PFFD	QTPI
Cost30% weight	A100Higher	D25
Mission25% weight	A78Higher	C54
Risk15% weight	D25	B68Higher
Tradability15% weight	A80Higher	F24
Holdings10% weight	B55Higher	C45
Durability5% weight	A72Higher	F16

Rank among Preferred Securities funds

How we build Categories ›

Same Category. PFFD and QTPI 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 QTPI 28th of 31 funds in the Preferred Securities Category.

Rank 1APFFDGlobal X U.S. Preferred ETFScore 74
Rank 2APFFiShares Preferred and Income Securities ETFScore 70
Rank 27CJPRFJPMorgan Preferred and Income Securities ETFScore 42
Rank 28CQTPINorth Square RCIM Tax-Advantaged Preferred and Income Securities ETFScore 40
Rank 29DPFFAVirtus InfraCap U.S. Preferred Stock ETFScore 39

Our read on each fund

ETF.net Research

PFFDAGlobal X U.S. Preferred ETF

QTPICNorth Square RCIM Tax-Advantaged Preferred and Income Securities 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.

QTPI No data

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.

QTPI No data

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.

QTPI No data

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

QTPI No data

Full PFFD profile⁠

Full QTPI profile⁠

PFFD vs QTPI Holdings

How PFFD and QTPI differ

Overlap by weight

0.0%

Level by level

Asset classBonds, Stocks0.0%
Holdings0 in both0.0%
Countryby domicile97.1%

Sector

No Sector split for QTPI.

Country, concentration and asset class

Country by domicile

Country weights in PFFD and QTPI, widest gap first
Country	Gap	PFFD	QTPI
United States	QTPI +2.9 points	97.1%	100.0%
Bermuda	PFFD +2.0 points	2.0%	0.0%
Canada	PFFD +0.9 points	0.9%	0.0%

Concentration

Weight in the 10 largest Holdings

PFFD23.9%
QTPI29.5%

Securities held

PFFD238
QTPI55

Asset class

PFFD: Bonds
QTPI: Stocks

Holdings

Only in PFFD238
In both0
Only in QTPI55

Only in PFFD

238 securities, 100% of PFFD by weight

Ba 6 10/15/27 (BRBLC59)4.18%
Smci 7 06/01/29 (BWRXGQ3)3.19%
Orcl 6 1/2 01/15/29 (BTTQ6B4)3.08%
Wfc 7 1/2 Perp (B3KRSW9)2.31%
Googl 6 1/4 05/15/29 (BX59J50)2.22%
Googl 6 1/4 05/15/29 (BX59J61)2.22%
C 10.6936 10/30/40 (B3Z1BZ0)1.88%
Kkr 6 1/4 03/01/28 (BN72V73)1.68%
Nee 7 3/8 02/15/29 (BWTWYL9)1.65%
So 7 1/8 12/15/28 (BMHXRD7)1.47%
Bac 7 1/4 Perp (B2PB3Z7)1.35%
Mchp 7 1/2 03/15/28 (BTTRKK4)1.22%
Nee 7.234 11/01/27 (BRBLDX4)1.16%
Jpm 6 Perp (BJ2KBT6)1.06%
Brkr 6 3/8 09/01/28 (BVZM740)1.02%
Ares 6 3/4 10/01/27 (BR4TW49)0.98%
Jpm 5 3/4 Perp (BFY34D0)0.91%
T 4 3/4 Perp (BLL1ZY7)0.86%
Pcg 6 12/01/27 (BPGN2R8)0.83%
Ppl 7 02/15/29 (BWFB3Q8)0.82%
Jpm 4.2 Perp (BN75VC7)0.81%
Cof 5 Perp (BGMJPW3)0.79%
Jpm 4 5/8 Perp (BND7XB0)0.78%
T 5.35 11/01/66 (BF545Q2)0.76%
Gs 4.68873 Perp (B15CKS5)0.76%
Mstr 8 Perp (BTCDKX2)0.75%
Wfc 4 3/4 Perp (BJVB6B7)0.74%
Duk 5 3/4 Perp (BJXH6L3)0.71%
All 5.1 Perp (BKDKS91)0.67%
Jpm 4.55 Perp (BM8TGF9)0.64%
Cof 4.8 Perp (BK9PWX2)0.62%
Ath 6.35 Perp (BPSKDY1)0.62%
T 5 Perp (BKPK060)0.62%
Xel 6 1/4 10/15/2085 (BV2JPV7)0.62%
Nee 6 1/2 06/01/2085 (BTZQRD7)0.62%
Ms 6 5/8 Perp (BPDXXZ6)0.60%
Mtb 7 1/2 Perp (BS55Z77)0.59%
Ms 6 1/2 Perp (BQH5ZL5)0.58%
C 6 1/4 Perp (BWRNH48)0.58%
Ms 6 3/8 Perp (BQT2G00)0.57%
Novt 6 1/2 11/01/28 (BTWWZS9)0.57%
Rga 7 1/8 10/15/52 (BMG9SY4)0.56%
So 4.95 01/30/2080 (BKM3QB9)0.55%
Usb 4.9041 Perp (B125QN4)0.55%
Ms 7 1/8 Perp (BF4YJ94)0.54%
Met 4 3/4 Perp (BL3BQ19)0.54%
Ms 5.85 Perp (BYYYY81)0.52%
Met 5 5/8 Perp (BG43LW5)0.52%
Schw 5.95 Perp (BYPFT55)0.52%
Ms 6 7/8 Perp (BH5QGM5)0.52%

Only in QTPI

55 securities, 100% of QTPI by weight

JPMorgan Chase & Company 6.875%, Fixed until 6/1/2029 Due 3/1/21743.50%
Citigroup, Inc. 7.625%, Fixed until 11/15/28 Due 2/15/723.24%
Wells Fargo & Company 7.625%, Fixed until 9/15/2028 Due 9/15/21733.18%
Goldman Sachs Group, Inc. (The) 7.5%, Fixed until 8/18/2028 Due 8/18/21702.87%
Bank of America Corporation 6.625%, Fixed until 5/1/2030 Due 8/1/21732.87%
AT&T, Inc. Series A2.85%
Truist Financial Corporation Series O2.79%
PNC Financial Services Group, Inc. (The) 6.25%, Fixed until 3/15/2030 Due 6/15/21732.77%
Toronto-Dominion Bank (The) 8.125%, Fixed until 10/31/2027 Due 10/31/20822.73%
BP Capital Markets plc 6.45%, Fixed until 3/1/2034 Perpetual 03/01/21742.70%
State Street Corporation 6.7%, Fixed until 3/15/2029 Due 03/15/21742.70%
Canadian Imperial Bank of Commerce 7%, Fixed Until 10/28/2030 Due 10/28/20852.67%
Bank of New York Mellon Corporation (The) 7.125%, Fixed until 12/30/2031 Due 03/20/21752.66%
Royal Bank of Canada 7.5%, Fixed until 5/2/2029 Due 5/2/20842.65%
Bank of Montreal 7.7%, Fixed until 5/26/2029 Due 5/26/20842.63%
Vistra Corporation 8.875%, Fixed until 1/15/2029 Due 1/15/21712.59%
General Motors Financial Company, Inc. 6.5%, Fixed until 9/30/2028 Due 3/30/21732.52%
Bank of Nova Scotia (The) 8.625%, Fixed until 10/27/2027 Due 10/27/20822.27%
Capital One Financial Corporation Series I2.20%
UBS Group A.G. 9.25%, Fixed until 11/13/2028 Due 05/13/21722.09%
Charles Schwab Corporation (The) Series J2.07%
M&T Bank Corporation2.02%
Morgan Stanley2.02%
Ally Financial, Inc. 7.1%, Fixed until 8/15/2031 Due 08/15/21741.92%
HSBC Holdings plc 7.05%, Fixed Until 12/05/2030 Due 12/05/21731.83%
US Bancorp Series M1.82%
Banco Bilbao Vizcaya Argentaria S.A. 9.375%, Fixed until 09/19/2029 Due 09/19/21731.80%
Fifth Third Bancorp1.76%
KeyCorporation Series F1.75%
Lloyds Banking Group plc 8%, Fixed until 09/27/2029 Due 3/27/21701.69%
Banco Santander S.A. 9.625% Fixed until 5/21/29 Due 2/21/21731.66%
Standard Chartered plc 7.75%, Fixed until 2/15/2028 Due 2/15/21731.66%
Air Lease Corporation 6%,Fixed Until 12/15/2029 Due 09/15/21731.58%
Citizens Financial Group, Inc. Series E1.56%
Morgan Stanley1.51%
NatWest Group plc 8.125%, Fixed until 5/10/2034 Due 06/30/21721.43%
Citizens Financial Group, Inc. Series I1.42%
Huntington Bancshares Inc1.36%
BNP Paribas S.A. 8%, Fixed until 08/22/2031 Due 02/22/21741.33%
ING Groep N.V. 7%, Fixed until 11/16/2023 Due 11/16/21751.28%
Nordea Bank Abp 6.75%, Fixed until 11/10/2033 Due 11/10/21751.27%
KeyCorporation1.27%
Credit Agricole S.A. 7.125%, Fixed until 09/23/2035 Due 09/23/21751.23%
Charles Schwab Corporation (The)1.03%
First Citizens BancShares, Inc. 7.5%, Fixed until 09/15/2031 Due 12/15/21741.03%
Bank of America Corporation Series NN1.02%
Receivables/Payables0.89%
Allstate Corporation (The)0.86%
Synchrony Financial0.81%
UMB Financial Corporation0.61%

Weight gaps

PFFD and QTPI share no securities.

All 237 PFFD holdings⁠All QTPI 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 QTPI Cost

Overpaying QTPI vs PFFD

$7,058

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

PFFD 0.23%
$4,759
QTPI 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

PFFD 0.23%
QTPI 0.60%
Overpaying

Year by year

Year	PFFD	QTPI	Overpaying
10	$419	$1,076	$657
20	$1,630	$4,116	$2,486
30	$4,759	$11,817	$7,058

Expense ratio

0.23%PFFD, cheaper
0.60%QTPI

PFFD0.23%QTPI0.60%

0.23%2.11%

Middle half of Preferred Securities funds
Median 0.50%

PFFD cheapest of 31 funds

QTPI 23rd cheapest of 31 funds

PFFD vs QTPI Dividends

Last 12 months to Nov 9, 2026

Yield (12M): PFFD 7.02%, better; QTPI 4.42%
Payout (12M): PFFD $1.20; QTPI $1.10
Last payment: PFFD $0.10; QTPI $0.13
Ex-dividend: PFFD Nov 2, 2026; QTPI Oct 29, 2026
Paid on: PFFD Nov 5, 2026; QTPI Nov 3, 2026
Frequency: PFFD Monthly; QTPI Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

PFFDMonthly · 46 paymentsAll PFFD payments⁠

QTPIMonthly · 23 paymentsAll QTPI payments⁠

PFFD vs QTPI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PFFD 9.1%QTPI 3.0%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: PFFD 0.10QTPI −0.17since Jan 2025
Worst fallMax drawdown, 5 years: PFFD −24.4%QTPI −4.1%since Dec 2024
Market sensitivityBeta, 5 years: PFFD 1.07QTPI 0.16; Market = 1

Popular comparisons

PFFDAvsPFFA
Global X U.S. Preferred ETF · iShares Preferred and Income Securities ETF
Expense ratio
0.23% · 0.45%
Category
QTPICvsPFFA
North Square RCIM Tax-Advantaged Preferred and Income Securities ETF · iShares Preferred and Income Securities ETF
Expense ratio
0.60% · 0.45%
Category
PFFDAvsPFFVB
Global X U.S. Preferred ETF · Global X Variable Rate Preferred ETF
Expense ratio
0.23% · 0.25%
Category
QTPICvsPFFVB
North Square RCIM Tax-Advantaged Preferred and Income Securities ETF · Global X Variable Rate Preferred ETF
Expense ratio
0.60% · 0.25%
Category
PFFDAvsEVPFB
Global X U.S. Preferred ETF · Eaton Vance Preferred Securities and Income ETF
Expense ratio
0.23% · 0.39%
Category
QTPICvsEVPFB
North Square RCIM Tax-Advantaged Preferred and Income Securities ETF · Eaton Vance Preferred Securities and Income ETF
Expense ratio
0.60% · 0.39%
Category