ETF comparison

PFFvsVRP

Both Preferred Securities.

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

Holdings overlap

Weighted by ISIN/CUSIP
12.1%

86 positions appear in both funds. Buying equal dollars of PFF and VRP would leave roughly12.1%of each dollar exposed to the same underlying securities.

PFF only 86.6%Shared 12.1%VRP only 85.8%
In PFF only
369 positions
Shared
86 positions
In VRP only
258 positions

Side by side

PFF

iShares Preferred and Income Securities ETF

iShares · Preferred Securities

72composite / 100
Expense ratio
0.45%
Net assets
$13.02B
TTM yield
5.48%
Top-10 conc.
19.6%
VRP

Invesco Variable Rate Preferred ETF

Invesco · Preferred Securities

66composite / 100
Expense ratio
0.50%
Net assets
$3.02B
TTM yield
6.13%
Top-10 conc.
13.6%

Sub-score comparison

55
Cost
50
62
Tax efficiency
61
100
Liquidity
77
86
Concentration
95
Tracking quality
PFFsub-scoreVRP

Tracking quality isn't part of the composite — seewhat we don't scorefor 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 thecost calculator pre-filled with PFF vs VRP.

Top shared holdings

86 shared in total
#HoldingIn PFFIn VRPOverlap
1CITIGROUP CAPITAL XIII1.31%0.92%0.92%
2BANK OF AMERICA CORP0.40%0.39%0.39%
3GOLDMAN SACHS GROUP INC (THE)0.52%0.38%0.38%
4MORGAN STANLEY0.42%0.32%0.32%
5ATHENE HOLDING LTD0.42%0.31%0.31%
6US BANCORP0.37%0.28%0.28%
7ANNALY CAPITAL MANAGEMENT INC0.37%0.27%0.27%
8REINSURANCE GROUP OF AMERICA INC0.36%0.26%0.26%
9APOLLO GLOBAL MANAGEMENT INC0.31%0.23%0.23%
10KEYCORP0.30%0.22%0.22%
11GOLDMAN SACHS GROUP INC (THE)0.29%0.21%0.21%
12ATHENE HOLDING LTD0.29%0.21%0.21%

Only in PFF

369 total
  • BOEING COMPANY (THE)3.93%
  • STRATEGY INC2.95%
  • WELLS FARGO & COMPANY2.33%
  • ORACLE CORP2.28%
  • HEWLETT PACKARD ENTERPRISE COMPANY1.76%
  • BANK OF AMERICA CORP1.45%
  • ALBEMARLE CORP1.29%
  • MICROCHIP TECHNOLOGY INC1.16%
  • NEXTERA ENERGY INC1.12%
  • NEXTERA ENERGY INC1.08%

Only in VRP

258 total
  • Bank of America Corp.1.12%
  • JPMorgan Chase & Co.1.10%
  • Citigroup Inc.0.99%
  • JPMorgan Chase & Co.0.94%
  • Citigroup Inc.0.91%
  • Bank of America Corp.0.91%
  • BP Capital Markets PLC0.89%
  • Goldman Sachs Group, Inc. (The)0.85%
  • CVS Health Corp.0.84%
  • Bank of America Corp.0.83%

Open PFF or VRP at a brokerage

Both funds trade commission-free at major US brokerages.

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