PFXF — VanEck Preferred Securities ex Financials ETF
Preferred & Convertible Ranked #323 of 458 tracked ETFs · Issued by VanEck
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.
What If You'd Invested in PFXF?
See what a lump sum in PFXF 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 VanEck Preferred Securities ex Financials ETF is a $2.42 billion fund issued by VanEck, holding 42.4% of its assets in its top ten positions with Boeing as the largest single holding at 9.7%. It carries an ETFValuer grade of C, reflecting a score of 54.4 out of 100. Within the Preferred & Convertible category, it ranks third among eight tracked funds, while sitting at number 323 across all 458 ETFs monitored by ETFValuer. The fund’s 0.4% expense ratio sits slightly below the category median of 0.425%, and its 6.56% dividend yield exceeds the peer median of 6.25%.
Over the past year, the fund delivered a 6.48% return, outperforming the category median of 1.10%. This longer-term gain contrasts with recent weakness, as the fund fell 0.83% in the last day and 1.35% over the past three months. Year-to-date performance stands at 3.39%, while the six-month return is 2.01%. The current price of $17.85 places the fund at 40.2% of its 52-week trading range. The C grade has remained unchanged across the last 35 tracked days, based on 3.0 years of available price history.
With a beta of 0.96, the fund’s movements have closely tracked the broader market. Annualized volatility of 10.37% is classified as Low, contributing to a Sharpe ratio of 0.14. The maximum drawdown recorded is -11.90%, indicating the peak-to-trough decline during the observation period. Liquidity is supported by an average daily volume of 744,646 shares and a tight bid-ask spread of 0.06%.
AI-generated summary based on the data on this page.
PFXF Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | BOEING CO/THE | 9.67% | $254M |
| 2 | STRATEGY INC | 6.27% | $165M |
| 3 | ORACLE CORP | 5.61% | $148M |
| 4 | HP ENTERPRISE CO | 4.33% | $114M |
| 5 | ALBEMARLE CORP | 3.18% | $84M |
| 6 | MICROCHIP TECHNOLOGY INC | 2.85% | $75M |
| 7 | NEXTERA ENERGY INC | 2.75% | $72M |
| 8 | NEXTERA ENERGY INC | 2.65% | $70M |
| 9 | State Street Global Advisors | 2.58% | $68M |
| 10 | SOUTHERN CO | 2.49% | $65M |
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).
| ETF | Name | Shared Companies | PFXF Weight | Examples |
|---|---|---|---|---|
| PFF | iShares Preferred and Income Securities ETF | 6 | 33.0% | BOEING CO/THE, STRATEGY INC, ORACLE CORP… |
| PFFD | Global X U.S. Preferred ETF | 4 | 20.4% | BOEING CO/THE, NEXTERA ENERGY INC, MICROCHIP TECHNOLOGY INC… |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 3 | 17.9% | BOEING CO/THE, ORACLE CORP, State Street Global Advisors |
| VCIT | Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares | 2 | 15.3% | BOEING CO/THE, ORACLE CORP |
| VCLT | Vanguard Long-Term Corporate Bond Index Fund ETF Shares | 2 | 15.3% | BOEING CO/THE, ORACLE CORP |
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: 4.80% (as of 2026-09-08) — 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): 15.72 (as of 2026-09-08) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What PFXF's Fees Cost You
PFXF charges an expense ratio of 0.40% 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.
PFXF Dividend Income Estimator
PFXF currently yields 6.56%. 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.
PFXF Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.06% and average daily volume is 745K/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 $2.42B 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
| Period | Return |
|---|---|
| 1-Day | -0.83% |
| 1-Week | +1.31% |
| 1-Month | -0.65% |
| 3-Month | -1.35% |
| 6-Month | +2.01% |
| YTD | +3.39% |
| 1-Year | +6.48% |
| 3-Year | +28.87% |
How PFXF Compares to Other Preferred & Convertible ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #84 | B |
ICVT | iShares Convertible Bond ETF | +22.94% | 0.2% | $7.81B |
| #143 | B |
CWB | State Street SPDR Bloomberg Convertible Securities ETF | +21.09% | 0.4% | $5.61B |
| #323 | C |
PFXF | VanEck Preferred Securities ex Financials ETF | +6.48% | 0.4% | $2.42B |
| #365 | C |
PFF | iShares Preferred and Income Securities ETF | -0.14% | 0.45% | $13.0B |
| #379 | C |
FPE | First Trust Preferred Securities and Income ETF | +2.35% | 0.83% | $6.29B |
| #388 | C |
PFFD | Global X U.S. Preferred ETF | -1.22% | 0.23% | $2.15B |
| #412 | D |
PGX | Invesco Preferred ETF | -5.16% | 0.5% | $3.73B |
| #417 | D |
PSK | State Street SPDR ICE Preferred Securities ETF | -5.75% | 0.45% | $677M |