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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
12.1 %

86 positions appear in both funds. Buying equal dollars of PFF and VRP would leave roughly 12.1% of each dollar exposed to the same underlying securities.

PFF unmatched 86.6% Shared 12.1% VRP unmatched 85.8%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

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

72 composite / 100
Expense ratio
0.45%
Net assets
$12.32B
TTM yield
5.67%
Top-10 conc.
19.6%
VRP

Invesco Variable Rate Preferred ETF

Invesco · Preferred Securities

67 composite / 100
Expense ratio
0.50%
Net assets
$3.00B
TTM yield
5.94%
Top-10 conc.
9.5%

Sub-score comparison

55
Cost
50
62
Tax efficiency
61
100
Liquidity
77
86
Concentration
100
—
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

86 shared in total
# Holding In PFF In VRP Overlap
1 CITIGROUP CAPITAL XIII 1.31% 0.92% 0.92%
2 BANK OF AMERICA CORP 0.40% 0.39% 0.39%
3 GOLDMAN SACHS GROUP INC (THE) 0.52% 0.38% 0.38%
4 MORGAN STANLEY 0.42% 0.32% 0.32%
5 ATHENE HOLDING LTD 0.42% 0.31% 0.31%
6 US BANCORP 0.37% 0.28% 0.28%
7 ANNALY CAPITAL MANAGEMENT INC 0.37% 0.27% 0.27%
8 REINSURANCE GROUP OF AMERICA INC 0.36% 0.26% 0.26%
9 APOLLO GLOBAL MANAGEMENT INC 0.31% 0.23% 0.23%
10 KEYCORP 0.30% 0.22% 0.22%
11 GOLDMAN SACHS GROUP INC (THE) 0.29% 0.21% 0.21%
12 ATHENE HOLDING LTD 0.29% 0.21% 0.21%

Only in PFF

369 total
  • BOEING COMPANY (THE) 3.93%
  • STRATEGY INC 2.95%
  • WELLS FARGO & COMPANY 2.33%
  • ORACLE CORP 2.28%
  • HEWLETT PACKARD ENTERPRISE COMPANY 1.76%
  • BANK OF AMERICA CORP 1.45%
  • ALBEMARLE CORP 1.29%
  • MICROCHIP TECHNOLOGY INC 1.16%
  • NEXTERA ENERGY INC 1.12%
  • NEXTERA ENERGY INC 1.08%

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 PLC 0.89%
  • Goldman Sachs Group, Inc. (The) 0.85%
  • CVS Health Corp. 0.84%
  • Bank of America Corp. 0.83%

Related comparisons

More comparisons with PFF

More comparisons with VRP

Percentages are holdings overlap with the named fund.

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.