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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
6.9 %

38 positions appear in both funds. Buying equal dollars of PFFD and VRP would leave roughly 6.9% of each dollar exposed to the same underlying securities.

PFFD unmatched 94.4% Shared 6.9% VRP unmatched 91.9%

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 PFFD only
184 positions
Shared
38 positions
In VRP only
324 positions

Side by side

PFFD

Global X U.S. Preferred ETF

Global X · Preferred Securities

72 composite / 100
Expense ratio
0.23%
Net assets
$1.83B
TTM yield
6.53%
Top-10 conc.
23.4%
VRP

Invesco Variable Rate Preferred ETF

Invesco · Preferred Securities

67 composite / 100
Expense ratio
0.50%
Net assets
$2.99B
TTM yield
5.91%
Top-10 conc.
9.3%

Sub-score comparison

77
Cost
50
60
Tax efficiency
61
68
Liquidity
77
81
Concentration
100
—
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

38 shared in total
# Holding In PFFD In VRP Overlap
1 CITIGROUP CAPITAL XIII 1.90% 0.80% 0.80%
2 BANK OF AMERICA CORPORATION 0.40% 0.36% 0.36%
3 THE GOLDMAN SACHS GROUP, INC. 0.81% 0.34% 0.34%
4 MORGAN STANLEY 0.48% 0.28% 0.28%
5 ATHENE HOLDING LTD. 0.65% 0.28% 0.28%
6 U.S. BANCORP 0.60% 0.25% 0.25%
7 REINSURANCE GROUP OF AMERICA, INCORPORATED 0.57% 0.25% 0.25%
8 APOLLO GLOBAL MANAGEMENT, INC. 0.49% 0.21% 0.21%
9 KEYCORP 0.48% 0.21% 0.21%
10 THE GOLDMAN SACHS GROUP, INC. 0.46% 0.20% 0.20%
11 ATHENE HOLDING LTD. 0.45% 0.19% 0.19%
12 JACKSON FINANCIAL INC. 0.45% 0.19% 0.19%

Only in PFFD

184 total
  • THE BOEING COMPANY 4.34%
  • ORACLE CORPORATION 3.45%
  • HEWLETT PACKARD ENTERPRISE COMPANY 2.95%
  • WELLS FARGO & COMPANY 2.29%
  • KKR & CO. INC. 1.97%
  • FIDELITY COLCHESTER STR TR MONEY MKT GOV PORT 1.78%
  • NEXTERA ENERGY, INC. 1.68%
  • THE SOUTHERN COMPANY 1.60%
  • MICROCHIP TECHNOLOGY INCORPORATED 1.45%
  • BANK OF AMERICA CORPORATION 1.43%

Only in VRP

324 total
  • Bank of America Corp. 1.05%
  • JPMorgan Chase & Co. 1.04%
  • JPMorgan Chase & Co. 1.04%
  • Citigroup Inc. 0.93%
  • JPMorgan Chase & Co. 0.89%
  • Invesco Government & Agency Portfolio 0.88%
  • Citigroup Inc. 0.87%
  • Bank of America Corp. 0.87%
  • Goldman Sachs Group, Inc. (The) 0.86%
  • BP Capital Markets PLC 0.84%

Related comparisons

More comparisons with PFFD

More comparisons with VRP

Percentages are holdings overlap with the named fund.

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.