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PFFVvsPBDCETF Comparison

ETF 1

PFFV

Global X Variable Rate Preferred ETF

Full PFFV fund page

VS

ETF 2

PBDC

Putnam BDC Income ETF

This fund is part of

US Financials

-0.55%

Full PBDC fund page

Global X Variable Rate Preferred ETF (PFFV) belongs to the segment. Putnam BDC Income ETF (PBDC) is part of the US Financials segment. In contrast, PBDC's top sector exposures are Finance and Non-Corporate. PFFV is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 11.77% for PBDC. PFFV is up 3.04% year-to-date (YTD) with +$30M in YTD flows. PBDC performs worse with -2.64% YTD performance, and +$75M in YTD flows. Run a side-by-side ETF comparison of PFFV 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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PFFV 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 09/04/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PFFV PBDC	+0.24%+2.60%	+0.57%+5.19%	+3.04%-2.64%	+2.77%-7.29%	+21.51%+23.90%	+10.13%n/a
Flows	PFFV PBDC	+$11M+$4M	+$13M+$11M	+$30M+$75M	+$18M+$108M	+$111M+$305M	+$304M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PFFV PBDC	+2.62%+17.39%	+3.18%+19.15%	+5.14%+16.81%	+8.06%n/a
Max drawdown	PFFV PBDC	-0.93%-4.96%	-3.36%-17.37%	-5.88%-20.22%	-19.06%n/a
Max drawdown duration	PFFV PBDC	23d40d	77d365d	171d562d	975dn/a

Trading data

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	PFFV	PBDC
Last sale 9/4/2026 at 1:30 PM	$21.93	$28.20
Previous close 09/03/2026	$21.91	$28.22
Consolidated volume 09/03/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 5, 2026

1-year trailing difference

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PBDC

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 9/4/2026 at 1:30 PM

Live

Closed

	PFFV	PBDC
Last price	$21.93	$28.20
1D performance	+0.09%	-0.07%
AuM	$313.68 M	$307.73 M
E/R	0.25%	11.77%

Characteristics

	PFFV	PBDC
Management strategy	Passive	Active
Provider	Global X	Putnam
Benchmark	ICE U.S. Variable Rate Preferred Securities Index	-
N° of holdings	-	23
Asset class	Preferred Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 22, 2020	September 29, 2022
ESG	No	No

More PFFV data on Trackinsight

More PBDC data on Trackinsight

Exposure

Countries

PFFV

Data will be available soon

PBDC

USA

100%

Other

0%

Sectors

PFFV

Data will be available soon

PBDC

Finance

99.74%

Other

0.26%

Diversification

PFFV

Data will be available soon

PBDC

Total weight of top 15 holdings out of 15

87.65%

Top 15 holdings

Data as of January 1, 1970

PFFV

Data will be available soon

PBDC

Blue Owl Capital Corp.

10.75%

Ares Capital Corp.

10.38%

Blue Owl Technology Finance Corp

10.08%

Hercules Capital, Inc.

8.60%

Golub Capital BDC, Inc.

7.54%

Main Street Capital Corp

6.70%

Trinity Capital, Inc.

4.80%

Blackstone Secured Lending Fund

4.32%

Sixth Street Specialty Lending, Inc.

4.30%

Barings BDC, Inc.

4.11%

Kayne Anderson BDC, Inc.

3.79%

Capital Southwest Corp

3.19%

MSC Income Fund, Inc.

3.18%

FS KKR Capital Corp.

2.97%

Bain Capital Specialty Finance, Inc.

2.92%

Frequently asked questions about PFFV and PBDC

How have the PFFV and PBDC ETFs performed in 2026?

As of September 4, 2026, PFFV is up 3.04% year-to-date (YTD), while PBDC has lost -2.64%. That puts PFFV better performer ahead so far this year.

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

Year-to-date, the PFFV ETF saw +$30M in flows, compared to +$75M for PBDC.

Which ETF is more volatile: PFFV or PBDC?

Over the past year, PFFV had a volatility of 3.18%, while PBDC experienced 19.15%.

Which ETF is bigger: PFFV or PBDC?

As of September 4, 2026, PFFV holds $313.68 M in assets under management (AUM), while PBDC manages $307.73 M.

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

October 31, 2025

PBDC

PFFVvsPBDCETF Comparison

Global X Variable Rate Preferred ETF

Putnam BDC Income ETF

PFFV vs PBDC performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the PFFV and PBDC ETFs performed in 2026?

As of September 4, 2026, PFFV is up 3.04% year-to-date (YTD), while PBDC has lost -2.64%. That puts PFFV better performer ahead so far this year.

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

Year-to-date, the PFFV ETF saw +$30M in flows, compared to +$75M for PBDC.

Which ETF is more volatile: PFFV or PBDC?

Over the past year, PFFV had a volatility of 3.18%, while PBDC experienced 19.15%.

Which ETF is bigger: PFFV or PBDC?

As of September 4, 2026, PFFV holds $313.68 M in assets under management (AUM), while PBDC manages $307.73 M.

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

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