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ETF comparison

PFFD vs VRP

Both Preferred Securities.

Global X U.S. Preferred ETF · Invesco Variable Rate Preferred ETF

Holdings overlap

Weighted by ISIN/CUSIP
7.7 %

40 positions appear in both funds. Buying equal dollars of PFFD and VRP would leave roughly 7.7% of each dollar exposed to the same underlying securities.

PFFD only 91.6% Shared 7.7% VRP only 90.3%
In PFFD only
167 positions
Shared
40 positions
In VRP only
291 positions

Side by side

PFFD

Global X U.S. Preferred ETF

Global X · Preferred Securities

73 composite / 100
Expense ratio
0.23%
Net assets
$2.15B
TTM yield
6.43%
Top-10 conc.
21.8%
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

77
Cost
50
60
Tax efficiency
61
71
Liquidity
77
83
Concentration
90
—
Tracking quality
—
PFFD sub-score VRP

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

Cost difference

PFFD is 27 bps cheaper than VRP. On a $100,000 position that's about $270/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 PFFD vs VRP.

Top shared holdings

40 shared in total
# Holding In PFFD In VRP Overlap
1 CITIGROUP CAPITAL XIII 2.27% 0.99% 0.99%
2 THE GOLDMAN SACHS GROUP, INC. 0.91% 0.40% 0.40%
3 BANK OF AMERICA CORPORATION 0.37% 0.40% 0.37%
4 MORGAN STANLEY 0.51% 0.32% 0.32%
5 ATHENE HOLDING LTD. 0.70% 0.31% 0.31%
6 U.S. BANCORP 0.65% 0.28% 0.28%
7 REINSURANCE GROUP OF AMERICA, INCORPORATED 0.60% 0.26% 0.26%
8 APOLLO GLOBAL MANAGEMENT, INC. 0.52% 0.23% 0.23%
9 KEYCORP 0.51% 0.23% 0.23%
10 THE GOLDMAN SACHS GROUP, INC. 0.51% 0.22% 0.22%
11 ATHENE HOLDING LTD. 0.49% 0.21% 0.21%
12 JACKSON FINANCIAL INC. 0.48% 0.21% 0.21%

Only in PFFD

167 total
  • THE BOEING COMPANY 4.64%
  • ALBEMARLE CORPORATION 3.00%
  • WELLS FARGO & COMPANY 2.31%
  • NEXTERA ENERGY, INC. 1.89%
  • KKR & CO. INC. 1.76%
  • MICROCHIP TECHNOLOGY INCORPORATED 1.72%
  • HEWLETT PACKARD ENTERPRISE COMPANY 1.53%
  • NEXTERA ENERGY, INC. 1.32%
  • BANK OF AMERICA CORPORATION 1.32%
  • PG&E CORPORATION 1.21%

Only in VRP

291 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 PFFD 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.