PFFD — Global X U.S. Preferred ETF
Preferred & Convertible Ranked #379 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 (PFFD) is a $2.11 billion fund issued by Global X Funds, classified within the Preferred & Convertible category. It holds a C grade with a score of 48.6 out of 100, placing it fifth among eight tracked ETFs in its category and 379th of 458 across all categories. The fund charges an expense ratio of 0.23%, which is notably lower than the category median of 0.425%. Its dividend yield stands at 6.99%, exceeding the category median of 6.35%. The top ten holdings represent 21.2% of assets, with the largest position being THE BOEING COMPANY at 4.7%.
Price action shows the fund trading at $17.16, which sits at 2.4% of its 52-week range between $17.10 and $19.65. Short-term returns have been negative, with one-month, three-month, and six-month figures of -3.26%, -5.44%, and -7.29% respectively. Year-to-date performance is -5.91%, while the one-year return of -5.69% trails the category median of -3.00%. In contrast, the three-year return is positive at +17.70%. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and price history is available for 3.0 years.
The fund exhibits a beta of 1.12, indicating higher sensitivity to market movements than the broader market. Annualized volatility is 7.77%, which is labeled as Very Low. The Sharpe ratio is -1.38, reflecting poor risk-adjusted returns relative to the risk-free rate. Maximum drawdown has reached -10.84%. Liquidity is supported by an average daily volume of 1,101,876 shares.
AI-generated summary based on the data on this page.
PFFD Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | THE BOEING COMPANY | 4.70% | $102M |
| 2 | HEWLETT PACKARD ENTERPRISE COMPANY | 2.71% | $59M |
| 3 | WELLS FARGO & COMPANY | 2.25% | $49M |
| 4 | CITIGROUP CAPITAL XIII | 2.20% | $48M |
| 5 | MICROCHIP TECHNOLOGY INCORPORATED | 1.76% | $38M |
| 6 | NEXTERA ENERGY, INC. | 1.71% | $37M |
| 7 | KKR & CO. INC. | 1.70% | $37M |
| 8 | THE SOUTHERN COMPANY | 1.64% | $36M |
| 9 | BANK OF AMERICA CORPORATION | 1.30% | $28M |
| 10 | NEXTERA ENERGY, INC. | 1.20% | $26M |
Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 21.2% 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 7 of the same companies as PFFD's top 10 (17.8% of PFFD's assets).
| ETF | Name | Shared Companies | PFFD Weight | Examples |
|---|---|---|---|---|
| PFF | iShares Preferred and Income Securities ETF | 7 | 17.8% | THE BOEING COMPANY, WELLS FARGO & COMPANY, HEWLETT PACKARD ENTERPRISE COMPANY… |
| PFXF | VanEck Preferred Securities ex Financials ETF | 4 | 11.0% | THE BOEING COMPANY, NEXTERA ENERGY, INC., MICROCHIP TECHNOLOGY INCORPORATED… |
| VCSH | Vanguard Short-Term Corporate Bond Index Fund ETF Shares | 3 | 8.2% | THE BOEING COMPANY, WELLS FARGO & COMPANY, BANK OF AMERICA CORPORATION |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 2 | 6.9% | THE BOEING COMPANY, WELLS FARGO & COMPANY |
| VCIT | Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares | 2 | 6.0% | THE BOEING COMPANY, BANK OF AMERICA CORPORATION |
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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — 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 6.99%. 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: Average daily volume is 1.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $2.11B 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 | -0.23% |
| 1-Week | -0.17% |
| 1-Month | -3.26% |
| 3-Month | -5.44% |
| 6-Month | -7.29% |
| YTD | -5.91% |
| 1-Year | -5.69% |
| 3-Year | +17.70% |
How PFFD Compares to Other Preferred & Convertible ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #260 | C |
ICVT | iShares Convertible Bond ETF | +6.16% | 0.2% | $8.10B |
| #279 | C |
CWB | State Street SPDR Bloomberg Convertible Securities ETF | +6.37% | 0.4% | $5.55B |
| #335 | C |
PFXF | VanEck Preferred Securities ex Financials ETF | +0.48% | 0.4% | $2.37B |
| #365 | C |
PFF | iShares Preferred and Income Securities ETF | -3.57% | 0.45% | $12.3B |
| #379 | C |
PFFD | Global X U.S. Preferred ETF | -5.69% | 0.23% | $2.11B |
| #393 | D |
FPE | First Trust Preferred Securities and Income ETF | -2.43% | 0.83% | $5.99B |
| #402 | D |
PGX | Invesco Preferred ETF | -8.66% | 0.5% | $3.61B |
| #414 | D |
PSK | State Street SPDR ICE Preferred Securities ETF | -8.86% | 0.45% | $637M |