PBDCvsPFFRETF Comparison
VS
ETF 2
PFFR
InfraCap REIT Preferred ETF
Putnam BDC Income ETF (PBDC) belongs to the US Financials segment. InfraCap REIT Preferred ETF (PFFR) is part of the segment. Both ETFs have the same top 2 sector exposures: Finance and Non-Corporate. PBDC is more expensive with a Total Expense Ratio (TER) of 11.77%, versus 0.45% for PFFR. PBDC is down -10.58% year-to-date (YTD) with +$65M in YTD flows. PFFR performs better with -2.38% YTD performance, and +$19M in YTD flows. Run a side-by-side ETF comparison of PBDC 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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PBDC vs PFFR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBDC PFFR | -5.81%-3.14% | -4.85%-4.84% | -10.58%-2.38% | -5.46%-3.54% | +11.58%+24.81% | n/a+0.34% |
| Flows | PBDC PFFR | -$9M+$11K | +$3M+$4M | +$65M+$19M | +$80M+$19M | +$293M+$64M | -+$64M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBDC PFFR | +17.66%+5.28% | +18.67%+5.54% | +16.88%+7.24% | n/a+9.50% |
| Max drawdown | PBDC PFFR | -9.61%-5.60% | -15.60%-5.60% | -20.22%-10.82% | n/a-29.59% |
| Max drawdown duration | PBDC PFFR | 64d73d | 274d73d | 604d309d | n/a1040d |
Trading data
PBDC | PFFR | |
Last sale 10/16/2026 at 1:30 PM | $25.20 | $16.48 |
| Previous close 10/15/2026 | $25.70 | $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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PBDC
is actively managed and doesn’t replicate an indexPBDC | 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
PBDC | PFFR | |
|---|---|---|
| Last price | $25.20 | $16.48 |
| 1D performance | -1.95% | -0.23% |
| AuM | $265.29 M | $113.87 M |
| E/R | 11.77% | 0.45% |
Characteristics
PBDC | PFFR | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Putnam | Infrastructure capital advisors |
| Benchmark | - | INDXX REIT Preferred Stock Index |
| N° of holdings | 25 | 52 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 29, 2022 | February 7, 2017 |
| ESG | No | No |
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Exposure
Countries
PBDC
USA
100%
Other
-0%
PFFR
USA
96.16%
Other
3.84%
Sectors
PBDC
Finance
99.83%
Other
0.17%
PFFR
Finance
97.14%
Other
2.86%
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Diversification
PBDC
Total weight of top 15 holdings out of 15
85.77%
PFFR
Total weight of top 15 holdings out of 15
32.52%
Top 15 holdings
Data as of August 31, 2026
PBDC
Blue Owl Technology Finance Corp
10.90%
Blue Owl Capital Corp.
10.61%
Ares Capital Corp.
10.21%
Hercules Capital, Inc.
8.50%
Main Street Capital Corp
7.80%
Golub Capital BDC, Inc.
5.30%
Trinity Capital, Inc.
4.80%
Sixth Street Specialty Lending, Inc.
4.15%
Blackstone Secured Lending Fund
4.10%
Barings BDC, Inc.
3.50%
MSC Income Fund, Inc.
3.37%
Kayne Anderson BDC, Inc.
3.33%
Capital Southwest Corp
3.29%
FS KKR Capital Corp.
3.11%
Oaktree Specialty Lending Corp.
2.78%
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 PBDC and PFFR
How have the PBDC and PFFR ETFs performed in 2026?
As of October 16, 2026, PBDC is down -10.58% 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: PBDC or PFFR?
Year-to-date, the PBDC ETF saw +$65M in flows, compared to +$19M for PFFR.
Which ETF is more volatile: PBDC or PFFR?
Over the past year, PBDC had a volatility of 18.67%, while PFFR experienced 5.54%.
Which ETF is bigger: PBDC or PFFR?
As of October 16, 2026, PBDC holds $265.29 M in assets under management (AUM), while PFFR manages $113.87 M.
What sectors do the PBDC and PFFR ETFs invest in?
PBDC leans toward sectors like Finance. Meanwhile, PFFR focuses on Finance.
What are the top holdings of the PBDC ETF and PFFR ETF?
PBDC top holdings include Blue Owl Technology Finance Corp, Blue Owl Capital Corp. 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: PBDC or PFFR?
PBDC holds 25 securities with 85.77% of its assets in the top 15. PFFR has 109 securities and a top 15 weight of 32.52%.
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