Fixed Income: U.S. - Corporate, Preferred

PGF Top Performer Intra-day
Price $15.39
Today’s Change 1.65%
4:00pm 05/24/2022
JHPI Bottom Performer Intra-day
Price $22.94
Today’s Change -0.08%
4:00pm 05/24/2022

ETF.com Insight

With 8 ETFs and over $26.33B in combined AUM, the Fixed Income: U.S. - Corporate, Preferred segment provides exposure to the U.S. space with a focus on Broad Credit securities.

Year-to-date, the best-performing ETF in the segment is the John Hancock Preferred Income ETF (JHPI), with a total return of -8.08%. Meanwhile, the most popular ETF is the iShares Preferred and Income Securities ETF (PFF) with $15.49BB in assets under management.

Investors should take a look at the iShares Preferred and Income Securities ETF (PFF). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. PFF tracks an index of preferred stock traded on the NYSE and NASDAQ. Securities are selected by rules-based, proprietary methods and weighted by market value. PFF has an expense ratio of 0.46% and tracks the ICE Exchange-Listed Preferred & Hybrid Securities Index.

ETF.com Efficiency Insight

The average efficiency score in the Fixed Income: U.S. - Corporate, Preferred segment is 81 out of 100, with the Invesco Financial Preferred ETF(PGF) obtaining the highest rating of 86 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.45% per year, with the Global X U.S. Preferred ETF (PFFD) having the lowest expense ratio, charging investors 0.23% yearly.

Investors should look for funds with tight tracking, such as the Invesco Preferred ETF (PGX), with a 12-month median tracking difference of -0.23%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Fixed Income: U.S. - Corporate, Preferred segment is 87 out of 100, with the iShares Preferred and Income Securities ETF(PFF) obtaining the highest rating of 96 out of 100.

The iShares Preferred and Income Securities ETF (PFF) is the undisputed segment leader when it comes to liquidity. The fund trades 139.32M in daily average volume. Investors should also find ample liquidity in the Invesco Preferred ETF (PGX), with $63.46M in daily dollar volume.

Use limit orders to trade funds such as the InfraCap REIT Preferred ETF(PFFR), due to their double-digit market spreads.

ETF.com/ Block Liquidity

PFF
5
4
3
2
1
PGX
5
4
3
2
1
PFXF
5
4
3
2
1
PSK
5
4
3
2
1
PGF
5
4
3
2
1
PFFR
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The S&P U.S. Preferred Stock Index has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to . This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, follows a strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology