PFFD — Global X U.S. Preferred ETF
Preferred & Convertible Ranked #373 of 458 tracked ETFs · Issued by Global X Funds
PFFD Price Performance — Growth of $10,000
Value of a $10,000 investment in PFFD over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
PFFD Drawdown
The "underwater" chart: PFFD's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in PFFD?
See what a lump sum in PFFD would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Global X U.S. Preferred ETF, trading under the ticker PFFD, operates within the Preferred & Convertible category managed by Global X Funds. This fund has accumulated assets under management of $2.15 billion and currently trades at a price of $18.49. It holds an overall rank of #373 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 51.3 out of 100. The fund charges an expense ratio of 0.23% while offering a dividend yield of 6.43%. Its position among 8 ETFs tracked in its specific category by ETFValuer suggests a moderate level of adoption relative to the broader universe. The combination of its asset size and yield profile reflects its standing as a mid-tier option within the preferred securities space.
Over the most recent trading day, the fund posted a return of +0.22%, though it retreated -0.16% over the subsequent week. Monthly performance showed a decline of -0.27%, which extended to a -1.49% loss over three months and a -2.52% drop over six months. Year-to-date returns sit at -0.28%, indicating a slight negative trend for the current calendar year. In contrast, the one-year return stands at +3.05%, while the three-year annualized return reaches +15.87%. This pattern illustrates a divergence where short-term and medium-term periods have been negative, while longer-term horizons have remained positive. The data shows a deceleration in performance from the three-year horizon down to the six-month period before a slight recovery in the one-year timeframe.
The fund carries a volatility label of Very Low, yet it exhibits a beta of 1.07, suggesting it moves slightly more than the broader market despite the low volatility classification. A Sharpe ratio of -0.27 indicates that the risk-adjusted returns have been negative over the measured period. The maximum drawdown recorded for the fund is -10.84%, representing the largest peak-to-trough decline experienced by investors. This combination of a negative Sharpe ratio and a significant drawdown implies that the fund has struggled to generate sufficient returns to compensate for the volatility it has experienced. While the low volatility label suggests stability, the beta and drawdown figures reveal that the fund is not entirely insulated from market downturns.
AI-generated summary based on the data on this page.
PFFD Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | THE BOEING COMPANY | 4.64% | $104M |
| 2 | ALBEMARLE CORPORATION | 3.00% | $67M |
| 3 | WELLS FARGO & COMPANY | 2.31% | $52M |
| 4 | CITIGROUP CAPITAL XIII | 2.27% | $51M |
| 5 | NEXTERA ENERGY, INC. | 1.89% | $43M |
| 6 | KKR & CO. INC. | 1.76% | $40M |
| 7 | MICROCHIP TECHNOLOGY INCORPORATED | 1.72% | $39M |
| 8 | HEWLETT PACKARD ENTERPRISE COMPANY | 1.53% | $34M |
| 9 | NEXTERA ENERGY, INC. | 1.32% | $30M |
| 10 | BANK OF AMERICA CORPORATION | 1.32% | $30M |
Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 21.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how PFFD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With PFFD
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with PFFD's top 10 — PFF overlaps most, holding 6 of the same companies as PFFD's top 10 (16.8% of PFFD's assets).
| ETF | Name | Shared Companies | PFFD Weight | Examples |
|---|---|---|---|---|
| PFF | iShares Preferred and Income Securities ETF | 6 | 16.8% | THE BOEING COMPANY, ALBEMARLE CORPORATION, WELLS FARGO & COMPANY… |
| PFXF | VanEck Preferred Securities ex Financials ETF | 4 | 12.6% | THE BOEING COMPANY, NEXTERA ENERGY, INC., ALBEMARLE CORPORATION… |
| VCSH | Vanguard Short-Term Corporate Bond Index Fund ETF Shares | 3 | 8.3% | THE BOEING COMPANY, WELLS FARGO & COMPANY, BANK OF AMERICA CORPORATION |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 3 | 8.3% | THE BOEING COMPANY, WELLS FARGO & COMPANY, BANK OF AMERICA CORPORATION |
| VCLT | Vanguard Long-Term Corporate Bond Index Fund ETF Shares | 2 | 6.9% | THE BOEING COMPANY, WELLS FARGO & COMPANY |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What PFFD's Fees Cost You
PFFD charges an expense ratio of 0.23% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
PFFD Dividend Income Estimator
PFFD currently yields 6.43%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
PFFD Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is — and average daily volume is 623K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.15B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: PFFD is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
PFFD Performance History
| Period | Return |
|---|---|
| 1-Day | +0.22% |
| 1-Week | -0.16% |
| 1-Month | -0.27% |
| 3-Month | -1.49% |
| 6-Month | -2.52% |
| YTD | -0.28% |
| 1-Year | +3.05% |
| 3-Year | +15.87% |
How PFFD Compares to Other Preferred & Convertible ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #72 | B |
ICVT | iShares Convertible Bond ETF | +22.27% | 0.2% | $7.53B |
| #160 | B |
CWB | State Street SPDR Bloomberg Convertible Securities ETF | +19.41% | 0.4% | $6.20B |
| #342 | C |
PFXF | VanEck Preferred Securities ex Financials ETF | +6.85% | 0.4% | $2.63B |
| #356 | C |
FPE | First Trust Preferred Securities and Income ETF | +5.48% | 0.83% | $6.32B |
| #368 | C |
PFF | iShares Preferred and Income Securities ETF | +2.76% | 0.45% | $13.1B |
| #373 | C |
PFFD | Global X U.S. Preferred ETF | +3.05% | 0.23% | $2.15B |
| #392 | D |
PGX | Invesco Preferred ETF | +1.82% | 0.5% | $3.86B |
| #405 | D |
PSK | State Street SPDR ICE Preferred Securities ETF | +1.27% | 0.45% | $708M |