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PFFvsPBDCETF Comparison

ETF 1

PFF

iShares Preferred and Income Securities ETF

This fund is part of

Multi-Asset: Other

+0.17%

Full PFF fund page

VS

ETF 2

PBDC

Putnam BDC Income ETF

This fund is part of

US Financials

+0.23%

Full PBDC fund page

iShares Preferred and Income Securities ETF (PFF) belongs to the Multi-Asset: Other segment. Putnam BDC Income ETF (PBDC) is part of the US Financials segment. PFF's top 3 sector exposures are Finance, Technology and Utilities. In contrast, PBDC's top sector exposures are Finance and Non-Corporate. PFF is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 11.77% for PBDC. PFF is down -3.53% year-to-date (YTD) with -$1.26B in YTD flows. PBDC performs worse with -11.32% YTD performance, and +$67M in YTD flows. Run a side-by-side ETF comparison of PFF and PBDC 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 PBDC performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PFF PBDC	-2.34%-4.83%	-3.77%-2.75%	-3.53%-11.32%	-4.38%-10.48%	+20.55%+15.18%	-1.47%n/a
Flows	PFF PBDC	-$205M-$8M	-$689M-$2M	-$1.26B+$67M	-$1.60B+$75M	-$140M+$293M	-$3.49B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PFF PBDC	+7.60%+18.01%	+6.76%+18.78%	+7.66%+16.93%	+9.56%n/a
Max drawdown	PFF PBDC	-6.03%-11.22%	-7.14%-15.60%	-10.45%-20.22%	-20.84%n/a
Max drawdown duration	PFF PBDC	74d74d	169d284d	323d614d	992dn/a

Trading data

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	PFF	PBDC
Last sale 10/27/2026 at 1:30 PM	$28.82	$25.48
Previous close 10/26/2026	$28.72	$25.02
Consolidated volume 10/26/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 27, 2026

1-year trailing difference

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PBDC

is actively managed and doesn’t replicate an index

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	PFF	PBDC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/27/2026 at 1:30 PM

Live

Closed

	PFF	PBDC
Last price	$28.82	$25.48
1D performance	+0.35%	+1.84%
AuM	$11.83 B	$264.35 M
E/R	0.45%	11.77%

Characteristics

	PFF	PBDC
Management strategy	Passive	Active
Provider	iShares	Putnam
Benchmark	ICE Exchange-Listed Preferred & Hybrid Securities Index	-
N° of holdings	281	25
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	March 26, 2007	September 29, 2022
ESG	No	No

More PFF data on Trackinsight

More PBDC data on Trackinsight

Exposure

Countries

PFF

USA

96.7%

Other

3.3%

PBDC

USA

100%

Other

-0%

Sectors

PFF

Finance

63.49%

Technology

12.03%

Utilities

10.37%

Other

14.11%

PBDC

Finance

99.83%

Other

0.17%

Diversification

PFF

Total weight of top 15 holdings out of 15

28.1%

PBDC

Total weight of top 15 holdings out of 15

85.77%

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%

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%

Frequently asked questions about PFF and PBDC

How have the PFF and PBDC ETFs performed in 2026?

As of October 26, 2026, PFF is down -3.53% year-to-date (YTD), while PBDC has lost -11.32%. That puts PFF better performer ahead so far this year.

Which ETF is attracting more investor money: PFF or PBDC?

Year-to-date, the PFF ETF saw -$1.26B in flows, compared to +$67M for PBDC.

Which ETF is more volatile: PFF or PBDC?

Over the past year, PFF had a volatility of 6.76%, while PBDC experienced 18.78%.

Which ETF is bigger: PFF or PBDC?

As of October 26, 2026, PFF holds $11.83 B in assets under management (AUM), while PBDC manages $264.35 M.

What sectors do the PFF and PBDC ETFs invest in?

PFF leans toward sectors like Finance, Technology and Utilities. Meanwhile, PBDC focuses on Finance.

What are the top holdings of the PFF ETF and PBDC ETF?

PFF top holdings include The Boeing Co., Strategy, Inc. and Alphabet, Inc.. PBDC holds in its top three: Blue Owl Technology Finance Corp, Blue Owl Capital Corp. and Ares Capital Corp..

Which ETF is more diversified: PFF or PBDC?

PFF holds 460 securities with 28.1% of its assets in the top 15. PBDC has 25 securities and a top 15 weight of 85.77%.

Business Development Company (BDC) ETFs Slide as Private Credit Risks Weigh on Investor Sentiment

October 31, 2025

PBDC

PFFvsPBDCETF Comparison

iShares Preferred and Income Securities ETF

Putnam BDC Income ETF

PFF vs PBDC performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PFF and PBDC ETFs performed in 2026?

As of October 26, 2026, PFF is down -3.53% year-to-date (YTD), while PBDC has lost -11.32%. That puts PFF better performer ahead so far this year.

Which ETF is attracting more investor money: PFF or PBDC?

Year-to-date, the PFF ETF saw -$1.26B in flows, compared to +$67M for PBDC.

Which ETF is more volatile: PFF or PBDC?

Over the past year, PFF had a volatility of 6.76%, while PBDC experienced 18.78%.

Which ETF is bigger: PFF or PBDC?

As of October 26, 2026, PFF holds $11.83 B in assets under management (AUM), while PBDC manages $264.35 M.

What sectors do the PFF and PBDC ETFs invest in?

PFF leans toward sectors like Finance, Technology and Utilities. Meanwhile, PBDC focuses on Finance.

What are the top holdings of the PFF ETF and PBDC ETF?

PFF top holdings include The Boeing Co., Strategy, Inc. and Alphabet, Inc.. PBDC holds in its top three: Blue Owl Technology Finance Corp, Blue Owl Capital Corp. and Ares Capital Corp..

Which ETF is more diversified: PFF or PBDC?

PFF holds 460 securities with 28.1% of its assets in the top 15. PBDC has 25 securities and a top 15 weight of 85.77%.

Business Development Company (BDC) ETFs Slide as Private Credit Risks Weigh on Investor Sentiment

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