PFXF — VanEck Preferred Securities ex Financials ETF

PFXF Price Performance — Growth of $10,000

Value of a $10,000 investment in PFXF 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.

PFXF Drawdown

The "underwater" chart: PFXF'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.

Overview

The VanEck Preferred Securities ex Financials ETF (PFXF) is a $2.37 billion fund issued by VanEck that tracks the Preferred & Convertible category. It holds an ETFValuer grade of C, placing it third among eight similar funds and 335th out of 458 tracked ETFs overall. With an expense ratio of 0.4%, the fund is slightly cheaper than the category median of 0.425%. Its dividend yield of 6.29% sits just below the category median of 6.35%. The fund’s top ten holdings represent 42.4% of assets, with the largest position being Boeing Co/The at 9.7%.

The fund’s price of $16.91 is positioned at 2.7% of its 52-week range, indicating it is near the lower end of recent trading levels. Short-term returns show weakness, with one-month and three-month figures of -4.00% and -2.18% respectively. In contrast, the three-year return of +32.70% demonstrates a longer-term positive trajectory, while the one-year return of +0.48% outperforms the category median of -3.00%. The ETFValuer grade has remained unchanged at C over the last 35 tracked days. Historical price data is available for only 3.0 years, limiting the depth of long-term analysis.

PFXF exhibits a beta of 0.89, suggesting it moves less than the broader market. Annualized volatility is 11.00%, which is labeled as Low, while the maximum drawdown has reached -11.90%. The Sharpe ratio of -0.41 indicates that risk-adjusted returns have been negative over the measured period. Liquidity is supported by an average daily volume of 733,298 shares. These metrics collectively describe a fund that has experienced moderate price declines with relatively low volatility compared to market benchmarks.

AI-generated summary based on the data on this page.

PFXF Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 42.4% 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 PFXF's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With PFXF

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with PFXF's top 10 — PFF overlaps most, holding 6 of the same companies as PFXF's top 10 (33.0% of PFXF's assets).

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.

PFXF Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 733K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $2.37B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: PFXF 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.

PFXF Performance History

How PFXF Compares to Other Preferred & Convertible ETFs