PFFvsFBDCETF Comparison
VS
ETF 2
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
-0.26%
iShares Preferred and Income Securities ETF (PFF) belongs to the Multi-Asset: Other segment. FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) is part of the Uncategorized Equities segment. PFF's top 3 sector exposures are Finance, Technology and Utilities. In contrast, FBDC's top sector exposures are Finance. PFF is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 12.44% for FBDC. PFF is down -3.36% year-to-date (YTD) with -$1.25B in YTD flows. FBDC performs worse with -5.5% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of PFF and FBDC 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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PFF vs FBDC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PFF FBDC | -3.23%-3.97% | -3.19%-0.69% | -3.36%-5.50% | -3.77%-3.96% | +21.14%n/a | -1.18%n/a |
| Flows | PFF FBDC | -$244M+$858K | -$722M+$2M | -$1.25B+$2M | -$1.59B-$219K | -$140M- | -$3.48B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PFF FBDC | +7.58%+16.34% | +6.75%+18.25% | +7.69%n/a | +9.56%n/a |
| Max drawdown | PFF FBDC | -5.87%-9.84% | -6.97%-14.81% | -10.45%n/a | -20.84%n/a |
| Max drawdown duration | PFF FBDC | 71d71d | 166d239d | 323dn/a | 992dn/a |
Trading data
PFF | FBDC | |
Last sale 10/26/2026 at 1:30 PM | $28.72 | $16.12 |
| Previous close 10/23/2026 | $28.77 | $16.17 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 26, 2026
1-year trailing difference
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FBDC
is actively managed and doesn’t replicate an indexPFF | FBDC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
PFF | FBDC | |
|---|---|---|
| Last price | $28.72 | $16.12 |
| 1D performance | -0.17% | -0.29% |
| AuM | $11.86 B | $34.21 M |
| E/R | 0.45% | 12.44% |
Characteristics
PFF | FBDC | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | First Trust |
| Benchmark | ICE Exchange-Listed Preferred & Hybrid Securities Index | - |
| N° of holdings | 281 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 26, 2007 | June 27, 2025 |
| ESG | No | No |
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Exposure
Countries
PFF
USA
96.7%
Other
3.3%
FBDC
USA
95.59%
Other
4.41%
Sectors
PFF
Finance
63.49%
Technology
12.03%
Utilities
10.37%
Other
14.11%
FBDC
Finance
95.59%
Other
4.41%
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Diversification
PFF
Total weight of top 15 holdings out of 15
28.1%
FBDC
Total weight of top 15 holdings out of 15
89.25%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about PFF and FBDC
How have the PFF and FBDC ETFs performed in 2026?
As of October 23, 2026, PFF is down -3.36% year-to-date (YTD), while FBDC has lost -5.5%. That puts PFF better performer ahead so far this year.
Which ETF is attracting more investor money: PFF or FBDC?
Year-to-date, the PFF ETF saw -$1.25B in flows, compared to +$2M for FBDC.
Which ETF is more volatile: PFF or FBDC?
Over the past year, PFF had a volatility of 6.75%, while FBDC experienced 18.25%.
Which ETF is bigger: PFF or FBDC?
As of October 23, 2026, PFF holds $11.86 B in assets under management (AUM), while FBDC manages $34.21 M.
What sectors do the PFF and FBDC ETFs invest in?
PFF leans toward sectors like Finance, Technology and Utilities. Meanwhile, FBDC focuses on Finance.
What are the top holdings of the PFF ETF and FBDC ETF?
PFF top holdings include The Boeing Co., Strategy, Inc. and Alphabet, Inc.. FBDC holds in its top three: Main Street Capital Corp, Hercules Capital, Inc. and Ares Capital Corp..
Which ETF is more diversified: PFF or FBDC?
PFF holds 460 securities with 28.1% of its assets in the top 15. FBDC has 20 securities and a top 15 weight of 89.25%.
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