FBDCvsPFFETF Comparison
ETF 1
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
-0.32%
VS
FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) belongs to the Uncategorized Equities segment. iShares Preferred and Income Securities ETF (PFF) is part of the Multi-Asset: Other segment. FBDC's top 1 sector exposures are Finance. In contrast, PFF's top sector exposures are Finance, Technology and Utilities. FBDC is more expensive with a Total Expense Ratio (TER) of 12.44%, versus 0.45% for PFF. FBDC is down -3.3% year-to-date (YTD) with +$2M in YTD flows. PFF performs better with -2.93% YTD performance, and -$1.20B in YTD flows. Run a side-by-side ETF comparison of FBDC and PFF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FBDC vs PFF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FBDC PFF | -2.82%-2.87% | -0.43%-3.45% | -3.30%-2.93% | -0.95%-2.81% | n/a+19.92% | n/a-0.19% |
| Flows | FBDC PFF | +$858K-$249M | +$2M-$710M | +$2M-$1.20B | -$219K-$1.54B | --$129M | --$3.40B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FBDC PFF | +16.00%+7.74% | +18.18%+6.79% | n/a+7.72% | n/a+9.56% |
| Max drawdown | FBDC PFF | -8.57%-5.45% | -14.81%-6.56% | n/a-10.45% | n/a-20.84% |
| Max drawdown duration | FBDC PFF | 63d64d | 239d159d | n/a323d | n/a992d |
Trading data
FBDC | PFF | |
Last sale 10/16/2026 at 1:30 PM | $16.41 | $28.86 |
| Previous close 10/15/2026 | $16.70 | $29.17 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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FBDC
is actively managed and doesn’t replicate an indexFBDC | PFF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FBDC | PFF | |
|---|---|---|
| Last price | $16.41 | $28.86 |
| 1D performance | -1.74% | -1.06% |
| AuM | $35.32 M | $11.96 B |
| E/R | 12.44% | 0.45% |
Characteristics
FBDC | PFF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | iShares |
| Benchmark | - | ICE Exchange-Listed Preferred & Hybrid Securities Index |
| N° of holdings | 20 | 281 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2025 | March 26, 2007 |
| ESG | No | No |
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Exposure
Countries
FBDC
USA
95.59%
Other
4.41%
PFF
USA
96.7%
Other
3.3%
Sectors
FBDC
Finance
95.59%
Other
4.41%
PFF
Finance
63.49%
Technology
12.03%
Utilities
10.37%
Other
14.11%
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Diversification
FBDC
Total weight of top 15 holdings out of 15
89.25%
PFF
Total weight of top 15 holdings out of 15
28.1%
Top 15 holdings
Data as of August 31, 2026
FBDC
Main Street Capital Corp
12.58%
Hercules Capital, Inc.
11.40%
Ares Capital Corp.
9.64%
Golub Capital BDC, Inc.
9.07%
Sixth Street Specialty Lending, Inc.
8.18%
Blackstone Secured Lending Fund
6.57%
Blue Owl Capital Corp.
6.44%
Barings BDC, Inc.
5.27%
Capital Southwest Corp
4.70%
New Mountain Finance Corp.
4.14%
MidCap Financial Investment Corp
2.64%
Bain Capital Specialty Finance, Inc.
2.33%
Oaktree Specialty Lending Corp.
2.31%
Morgan Stanley Direct Lending Fund
2.09%
Kayne Anderson BDC, Inc.
1.89%
PFF
The Boeing Co.
3.55%
Strategy, Inc.
3.45%
Alphabet, Inc.
2.35%
Super Micro Computer, Inc.
2.24%
Alphabet, Inc.
2.22%
Oracle Corp.
2.22%
Wells Fargo & Co.
2.16%
Hewlett Packard Enterprise Co.
1.91%
Bank of America Corp.
1.46%
Albemarle Corp.
1.20%
KKR & Co., Inc.
1.20%
Citigroup, 7.875% 30oct2040, USD
1.12%
BlackRock Cash Funds - Treasury
1.06%
NextEra Energy, 7.375% 15feb2029, USD (Conv.)
0.99%
NextEra Energy, 5.15% 1jun2029, USD
0.97%
Frequently asked questions about FBDC and PFF
How have the FBDC and PFF ETFs performed in 2026?
As of October 15, 2026, FBDC is down -3.3% year-to-date (YTD), while PFF has lost -2.93%. That puts PFF better performer ahead so far this year.
Which ETF is attracting more investor money: FBDC or PFF?
Year-to-date, the FBDC ETF saw +$2M in flows, compared to -$1.20B for PFF.
Which ETF is more volatile: FBDC or PFF?
Over the past year, FBDC had a volatility of 18.18%, while PFF experienced 6.79%.
Which ETF is bigger: FBDC or PFF?
As of October 15, 2026, FBDC holds $35.32 M in assets under management (AUM), while PFF manages $11.96 B.
What sectors do the FBDC and PFF ETFs invest in?
FBDC leans toward sectors like Finance. Meanwhile, PFF focuses on Finance, Technology and Utilities.
What are the top holdings of the FBDC ETF and PFF ETF?
FBDC top holdings include Main Street Capital Corp, Hercules Capital, Inc. and Ares Capital Corp.. PFF holds in its top three: The Boeing Co., Strategy, Inc. and Alphabet, Inc..
Which ETF is more diversified: FBDC or PFF?
FBDC holds 20 securities with 89.25% of its assets in the top 15. PFF has 460 securities and a top 15 weight of 28.1%.
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