PlainIndex
Menu

ETF comparison

PFF vs VRP

Both Preferred Securities.

iShares Preferred and Income Securities ETF · Invesco Variable Rate Preferred ETF

Holdings overlap

Weighted by ISIN/CUSIP
12.3 %

87 positions appear in both funds. Buying equal dollars of PFF and VRP would leave roughly 12.3% of each dollar exposed to the same underlying securities.

PFF only 86.1% Shared 12.3% VRP only 85.6%
In PFF only
368 positions
Shared
87 positions
In VRP only
244 positions

Side by side

PFF

iShares Preferred and Income Securities ETF

iShares · Preferred Securities

73 composite / 100
Expense ratio
0.45%
Net assets
$13.10B
TTM yield
5.48%
Top-10 conc.
18.4%
VRP

Invesco Variable Rate Preferred ETF

Invesco · Preferred Securities

65 composite / 100
Expense ratio
0.50%
Net assets
$2.98B
TTM yield
6.21%
Top-10 conc.
17.0%

Sub-score comparison

55
Cost
50
62
Tax efficiency
61
100
Liquidity
77
88
Concentration
90
—
Tracking quality
—
PFF sub-score VRP

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

PFF is 5 bps cheaper than VRP. On a $100,000 position that's about $50/yr more in fees for VRP.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with PFF vs VRP.

Top shared holdings

87 shared in total
# Holding In PFF In VRP Overlap
1 Citigroup Capital XIII 1.41% 0.99% 0.99%
2 Goldman Sachs Group, Inc. 0.55% 0.40% 0.40%
3 Bank of America Corp. 0.39% 0.40% 0.39%
4 Morgan Stanley 0.44% 0.32% 0.32%
5 Athene Holding Ltd 0.43% 0.31% 0.31%
6 U.S. Bancorp. 0.39% 0.28% 0.28%
7 Annaly Capital Management, Inc. 0.39% 0.28% 0.28%
8 Reinsurance Group of America, Incorporated 0.38% 0.26% 0.26%
9 Apollo Global Management Inc 0.33% 0.23% 0.23%
10 KeyCorp 0.30% 0.23% 0.23%
11 Goldman Sachs Group, Inc. 0.31% 0.22% 0.22%
12 Athene Holding Ltd 0.29% 0.21% 0.21%

Only in PFF

368 total
  • Boeing Co. 3.98%
  • Oracle Corp. 2.40%
  • Wells Fargo & Co. 2.29%
  • Albemarle Corp 1.76%
  • Strategy Inc. 1.49%
  • Bank of America Corp. 1.35%
  • NextEra Energy Inc 1.19%
  • KKR & Co Inc. 1.11%
  • Southern Co. 1.10%
  • Hewlett Packard Enterprise Co. 1.03%

Only in VRP

244 total
  • Wells Fargo & Co. 1.30%
  • Bank of America Corp. 1.16%
  • JPMorgan Chase & Co. 1.16%
  • Citigroup Inc. 1.02%
  • JPMorgan Chase & Co. 0.98%
  • Citigroup Inc. 0.96%
  • Bank of America Corp. 0.95%
  • BP Capital Markets PLC 0.93%
  • Goldman Sachs Group, Inc. (The) 0.89%
  • CVS Health Corp. 0.88%

Open PFF or VRP at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.