NPFIvsPREFETF Comparison
VS
ETF 2
PREF
Principal Spectrum Preferred Securities Active ETF
Nuveen Preferred and Income ETF (NPFI) belongs to the Multi-Asset: Other segment. Principal Spectrum Preferred Securities Active ETF (PREF) is part of the segment. NPFI's top 3 sector exposures are Finance, Energy and Utilities. In contrast, PREF's top sector exposures are Finance, Utilities and Energy. NPFI is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.55% for PREF. NPFI is up 2.33% year-to-date (YTD) with +$51M in YTD flows. PREF performs worse with 2.01% YTD performance, and +$504M in YTD flows. Run a side-by-side ETF comparison of NPFI and PREF 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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NPFI vs PREF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/07/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NPFI PREF | -0.03%+0.00% | +0.99%+0.50% | +2.33%+2.01% | +4.88%+4.18% | n/a+28.22% | n/a+14.84% |
| Flows | NPFI PREF | +$3M+$116M | +$12M+$154M | +$51M+$504M | +$121M+$621M | -+$1.21B | -+$1.49B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NPFI PREF | +1.71%+1.50% | +2.33%+1.86% | n/a+2.33% | n/a+3.90% |
| Max drawdown | NPFI PREF | -0.76%-0.73% | -2.93%-2.22% | n/a-3.65% | n/a-16.83% |
| Max drawdown duration | NPFI PREF | 31d64d | 94d90d | n/a59d | n/a1025d |
Trading data
NPFI | PREF | |
Last sale 9/9/2026 at 6:20 PM | $25.69 | $18.73 |
| Previous close 09/08/2026 | $25.74 | $18.76 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/9/2026 at 6:20 PM
Live
Closed
NPFI | PREF | |
|---|---|---|
| Last price | $25.69 | $18.73 |
| 1D performance | -0.18% | -0.19% |
| AuM | $175.75 M | $1.89 B |
| E/R | 0.56% | 0.55% |
Characteristics
NPFI | PREF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nuveen | Principal Global Investors |
| Benchmark | - | - |
| N° of holdings | 159 | 158 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 5, 2024 | July 10, 2017 |
| ESG | No | No |
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Exposure
Countries
NPFI
USA
43.79%
United Kingdom
14.15%
Canada
13.43%
France
9.62%
Other
19.01%
PREF
USA
62.89%
Canada
23.27%
Other
13.84%
Sectors
NPFI
Finance
83.03%
Other
16.97%
PREF
Finance
64.64%
Utilities
16.73%
Energy
11.07%
Other
7.56%
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Diversification
NPFI
Total weight of top 15 holdings out of 15
20.33%
PREF
Total weight of top 15 holdings out of 15
27.41%
Top 15 holdings
Data as of July 31, 2026
NPFI
Banco Santander, 8% perp., USD
1.99%
NatWest Group, 7.3% perp., USD
1.97%
CoBank ACB, 6.25% perp., USD (I)
1.66%
Societe Generale, 8.5% perp., USD
1.39%
Nordea Bank Abp, 6.75% perp., USD
1.34%
SBL Holdings, 6.5% perp., USD (B, Structured)
1.32%
NatWest Group, 8.125% perp., USD
1.25%
US48128BAR24
1.25%
Royal Bank of Canada, 6.5% 24may2086, USD (8)
1.23%
Wells Fargo, 6.85% perp., USD (FF)
1.20%
Barclays, 7.625% perp., USD
1.17%
Standard Life, 8.5% perp., USD
1.17%
Truist Financial, 4.8% perp., USD (N)
1.14%
HSBC Holdings plc, 6.95% perp., USD
1.13%
JP Morgan, 6.5% perp., USD (OO)
1.12%
PREF
Bank of America Corp.
2.68%
Enbridge, 8.5% 15jan2084, USD (2023-B)
2.40%
Metlife, 5.85% 15mar2056, USD
2.37%
Toronto-Dominion Bank, 8.125% 31oct2082, USD (3)
2.05%
JP Morgan, 6.5% perp., USD (OO)
1.94%
Bank of Nova Scotia, 8.625% 27oct2082, USD (4)
1.82%
PNC Financial Services Group, 6.25% perp., USD (W)
1.81%
M&T Bank, 3.5% perp., USD (I)
1.68%
US808513CM57
1.65%
Wells Fargo, 6.85% perp., USD (FF)
1.59%
Bank of America Corporation, 6.625% perp., USD (OO)
1.56%
Truist Financial, 6.25% perp., USD (S)
1.49%
Prudential Financial, 3.7% 1oct2050, USD
1.47%
Electricite de France (EDF), 9.125% perp., USD
1.46%
Wells Fargo & Co.
1.44%
Frequently asked questions about NPFI and PREF
How have the NPFI and PREF ETFs performed in 2026?
As of September 7, 2026, NPFI is up 2.33% year-to-date (YTD), while PREF has returned 2.01%. That puts NPFI better performer ahead so far this year.
Which ETF is attracting more investor money: NPFI or PREF?
Year-to-date, the NPFI ETF saw +$51M in flows, compared to +$504M for PREF.
Which ETF is more volatile: NPFI or PREF?
Over the past year, NPFI had a volatility of 2.33%, while PREF experienced 1.86%.
Which ETF is bigger: NPFI or PREF?
As of September 7, 2026, NPFI holds $175.75 M in assets under management (AUM), while PREF manages $1.89 B.
What sectors do the NPFI and PREF ETFs invest in?
NPFI leans toward sectors like Finance. Meanwhile, PREF focuses on Finance, Utilities and Energy.
What are the top holdings of the NPFI ETF and PREF ETF?
NPFI top holdings include Banco Santander, 8% perp., USD, NatWest Group, 7.3% perp., USD and CoBank ACB, 6.25% perp., USD (I). PREF holds in its top three: Bank of America Corp., Enbridge, 8.5% 15jan2084, USD (2023-B) and Metlife, 5.85% 15mar2056, USD.
Which ETF is more diversified: NPFI or PREF?
NPFI holds 162 securities with 20.33% of its assets in the top 15. PREF has 160 securities and a top 15 weight of 27.41%.
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