Which returned more over the last year, BND or PFF?

In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and PFF −4.2%.

Which is cheaper, BND or PFF?

BND is cheaper, by 0.42 percentage points a year. That is about $42 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BND vs PFF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BND returned −1.3% to PFF's −4.2%, and BND charges 0.03% to PFF's 0.45%.

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Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $11.8bn on Oct 27, 2026 for iShares Preferred and Income Securities ETF.

BND on its own →PFF on its own →

At a glance

−1.3%

BND total return, 1 year

−4.2%

PFF total return, 1 year

0.03%

BND expense ratio

0.45%

PFF expense ratio

Pair scorecard

BND costs 0.42 points a year less; their one-year returns differ by 2.9 points; BND is 13.1 times larger.

BND vs PFF: Differences, Returns & Fees
Measure	BND	PFF
Return
Measure	BND	PFF
Total return, 1 year	−1.3%	−4.2%
Drawdown
Measure	BND	PFF
Below its high	3.5%, high on Aug 6, 2020	7.1%, high on May 8, 2026
Benchmark
Measure	BND	PFF
What it tracks	Bloomberg U.S. Aggregate Float Adjusted Index	ICE Exchange-Listed Preferred & Hybrid Securities Index
Cost and size
Measure	BND	PFF
Expense ratio	0.03%	0.45%
Net assets, as of Sep 30, 2026	$161.4bn	$12.3bn
Holdings
Measure	BND	PFF
Holdings in common	0%
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		22.7%

Holdings in common uses holdings dated Jun 30, 2026. Method

What they share

By the books each fund has filed, BND and PFF hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BND PFF

Only in one fund ↓

Only in BND

US TREASURY N/B, due Jan 31, 2028 0.47%

US TREASURY N/B, due May 15, 2034 0.41%

US TREASURY N/B, due Nov 15, 2034 0.41%

US TREASURY N/B, due Nov 30, 2027 0.41%

US TREASURY N/B, due Feb 15, 2035 0.41%

US TREASURY N/B, due Feb 15, 2036 0.41%

US TREASURY N/B, due Aug 15, 2034 0.41%

US TREASURY N/B, due Feb 15, 2034 0.40%

Only in PFF

BOEING COMPANY (THE) 6% SER A DEP SHS REPSTG 1/20TH INT MANDATORY CONV PFD 3.93%

STRATEGY INC VARIABLE RATE SERIES A PERPETUAL STRETCH PREFERRED STOCK 2.95%

WELLS FARGO & COMPANY 7.5% NON-CUMULATIVE PERPETUAL CONVERTIBLE CLASS A PREFERRED STOCK, SERIES L 2.33%

ORACLE CORP DEPOSITARY SHARES EACH REPRESENTING A 1/2,000TH INTEREST IN A SHARE OF 6.50% SERIES D MANDATORY CONVERTIBLE PREFERRED STOCK 2.28%

HEWLETT PACKARD ENTERPRISE COMPANY 7.625% SERIES C MANDATORY CONVERTIBLE PREFERRED STOCK 1.76%

BANK OF AMERICA CORP 7.25% NON-CUMULATIVE PERPETUAL CONVERTIBLE PREFERRED STOCK SERIES L 1.45%

CITIGROUP CAPITAL XIII FIXED/FLOAT TRUST PREFERRED SECURITIES 1.31%

ALBEMARLE CORP DEPOSITARY SHARES EACH REPRESENTING A 1/20TH INTEREST IN A SHARE OF 7.25% SERIES A MANDATORY CONVERTIBLE PREFERRED STOCK 1.29%

Check overlap with more funds →

Side by side

BND Vanguard Total Bond Market ETF PFF iShares Preferred and Income Securities ETF

Where it sits Bond ETF Bond ETF

Issuer Vanguard iShares

What it is Tracks an index of US aggregate bonds Tracks an index of Preferred and Income Securities

Total return, 1 year −1.3% −4.2%

Its benchmark over the same days −1.4% (AGG) +13.6% (MLRG)

Gap to its benchmark +0.1 pts vs AGG −17.8 pts vs MLRG

Expense ratio 0.03% 0.45%

Holdings 16301 453

Net assets, BND as of Sep 30, 2026 and PFF as of Oct 27, 2026 $161.4bn $11.8bn

BND and PFF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

BND

BND tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 6, 2020 on Oct 28, 2026.

PFF

PFF tracks an index of Preferred and Income Securities. Over the year to Oct 28, 2026 it returned −4.2% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.45% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 453 positions, with the top ten at 22.7%. It sat 7.1% below its high of May 8, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BND or PFF?: In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and PFF −4.2%.
Which is cheaper, BND or PFF?: BND is cheaper, by 0.42 percentage points a year. That is about $42 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BND vs VBIL BND vs EMB BND vs VGLT BND vs VUSB AGG vs PFF IUSB vs PFF PFF vs TLT BSV vs PFF

Where to next

BND on its own →PFF on its own →Hold both: look the portfolio through →Rankings →BND dividend history →BND holdings →PFF dividend history →PFF holdings →Standards and sources →

Sources and dates

BND filings on SEC EDGAR ↗

BND prospectus with the expense ratio (SEC) ↗

Vanguard page for BND ↗

PFF filings on SEC EDGAR ↗

PFF prospectus with the expense ratio (SEC) ↗

iShares page for PFF ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, BND against PFF, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-pff

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.