FBDCvsPFFRETF Comparison
ETF 1
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
-0.32%
VS
ETF 2
PFFR
InfraCap REIT Preferred ETF
FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) belongs to the Uncategorized Equities segment. InfraCap REIT Preferred ETF (PFFR) is part of the segment. FBDC's top 1 sector exposures are Finance. In contrast, PFFR's top sector exposures are Finance and Non-Corporate. FBDC is more expensive with a Total Expense Ratio (TER) of 12.44%, versus 0.45% for PFFR. FBDC is down -3.3% year-to-date (YTD) with +$2M in YTD flows. PFFR performs better with -2.38% YTD performance, and +$19M in YTD flows. Run a side-by-side ETF comparison of FBDC and PFFR 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 PFFR 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 PFFR | -2.82%-3.14% | -0.43%-4.84% | -3.30%-2.38% | -0.95%-3.54% | n/a+24.81% | n/a+0.34% |
| Flows | FBDC PFFR | +$858K+$11K | +$2M+$4M | +$2M+$19M | -$219K+$19M | -+$64M | -+$64M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FBDC PFFR | +16.00%+5.28% | +18.18%+5.54% | n/a+7.24% | n/a+9.50% |
| Max drawdown | FBDC PFFR | -8.57%-5.60% | -14.81%-5.60% | n/a-10.82% | n/a-29.59% |
| Max drawdown duration | FBDC PFFR | 63d73d | 239d73d | n/a309d | n/a1040d |
Trading data
FBDC | PFFR | |
Last sale 10/16/2026 at 1:30 PM | $16.41 | $16.48 |
| Previous close 10/15/2026 | $16.70 | $16.51 |
| 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 September 30, 2026
1-year trailing difference
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FBDC
is actively managed and doesn’t replicate an indexFBDC | PFFR | |
|---|---|---|
| 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 | PFFR | |
|---|---|---|
| Last price | $16.41 | $16.48 |
| 1D performance | -1.74% | -0.23% |
| AuM | $35.32 M | $113.87 M |
| E/R | 12.44% | 0.45% |
Characteristics
FBDC | PFFR | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | Infrastructure capital advisors |
| Benchmark | - | INDXX REIT Preferred Stock Index |
| N° of holdings | 20 | 52 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2025 | February 7, 2017 |
| ESG | No | No |
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Exposure
Countries
FBDC
USA
95.59%
Other
4.41%
PFFR
USA
96.16%
Other
3.84%
Sectors
FBDC
Finance
95.59%
Other
4.41%
PFFR
Finance
97.14%
Other
2.86%
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Diversification
FBDC
Total weight of top 15 holdings out of 15
89.25%
PFFR
Total weight of top 15 holdings out of 15
32.52%
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%
PFFR
UMH Properties, Inc.
2.81%
Digital Realty Trust, Inc.
2.65%
Hudson Pacific Properties, Inc.
2.53%
Pebblebrook Hotel Trust
2.34%
Vornado Realty Trust
2.23%
Kimco Realty Corp.
2.14%
Vornado Realty Trust
2.13%
Gladstone Land Corp.
2.08%
Vornado Realty Trust
2.05%
DigitalBridge Group, Inc.
2.02%
Global Net Lease, Inc.
1.99%
SL Green Realty Corp.
1.93%
AGNC Investment Corp.
1.91%
Pebblebrook Hotel Trust
1.89%
DigitalBridge Group, Inc.
1.83%
Frequently asked questions about FBDC and PFFR
How have the FBDC and PFFR ETFs performed in 2026?
As of October 15, 2026, FBDC is down -3.3% year-to-date (YTD), while PFFR has lost -2.38%. That puts PFFR better performer ahead so far this year.
Which ETF is attracting more investor money: FBDC or PFFR?
Year-to-date, the FBDC ETF saw +$2M in flows, compared to +$19M for PFFR.
Which ETF is more volatile: FBDC or PFFR?
Over the past year, FBDC had a volatility of 18.18%, while PFFR experienced 5.54%.
Which ETF is bigger: FBDC or PFFR?
As of October 15, 2026, FBDC holds $35.32 M in assets under management (AUM), while PFFR manages $113.87 M.
What sectors do the FBDC and PFFR ETFs invest in?
FBDC leans toward sectors like Finance. Meanwhile, PFFR focuses on Finance.
What are the top holdings of the FBDC ETF and PFFR ETF?
FBDC top holdings include Main Street Capital Corp, Hercules Capital, Inc. and Ares Capital Corp.. PFFR holds in its top three: UMH Properties, Inc., Digital Realty Trust, Inc. and Hudson Pacific Properties, Inc..
Which ETF is more diversified: FBDC or PFFR?
FBDC holds 20 securities with 89.25% of its assets in the top 15. PFFR has 109 securities and a top 15 weight of 32.52%.
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