Data as of Oct 28, 2026.

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IAU vs PFF: Differences, Returns & Fees

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IAU is a commodity fund and PFF an equity index fund, and over the year to Oct 28, 2026, IAU returned +2.7% against −4.2%.

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Net assets: $60.1bn on Oct 28, 2026 for iShares Gold Trust, and $11.8bn on Oct 27, 2026 for iShares Preferred and Income Securities ETF.

At a glance
+2.7%
IAU total return, 1 year
−4.2%
PFF total return, 1 year
0.25%
IAU expense ratio
0.45%
PFF expense ratio

Pair scorecard

IAU costs 0.20 points a year less; their one-year returns differ by 6.9 points; IAU is 5.1 times larger.

IAU vs PFF: Differences, Returns & Fees
MeasureIAUPFF
Return
Total return, 1 year+2.7%−4.2%
Drawdown
Below its high24.6%, high on Jan 29, 20267.1%, high on May 8, 2026
Benchmark
What it tracksGoldICE Exchange-Listed Preferred & Hybrid Securities Index
Cost and size
Expense ratio0.25%0.45%
Net assets, as of Oct 27, 2026$60.3bn$11.8bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund22.7%

Method

Side by side

IAU iShares Gold Trust PFF iShares Preferred and Income Securities ETF
Where it sits Commodity ETF Bond ETF
What it is Holds gold Tracks an index of Preferred and Income Securities
Total return, 1 year +2.7% −4.2%
Its benchmark over the same days +2.5% (GLD) +13.6% (MLRG)
Gap to its benchmark +0.2 pts vs GLD −17.8 pts vs MLRG
Expense ratio 0.25% 0.45%
Holdings not counted 453
Net assets, IAU as of Oct 28, 2026 and PFF as of Oct 27, 2026 $60.1bn $11.8bn

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

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About each fund
IAU

Its expense ratio is 0.25% a year, for the three months to Jun 30, 2026, as its 10-Q states.

IAU holds gold. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.6% below its high of Jan 29, 2026 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, IAU or PFF?
In the year to Oct 28, 2026, with distributions reinvested, IAU returned +2.7% and PFF −4.2%.
Which is cheaper, IAU or PFF?
IAU is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, IAU against PFF, data as of Oct 28, 2026. https://etfiq.com/compare/any/iau-vs-pff

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