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

In the year to Oct 28, 2026, with distributions reinvested, IUSB returned −1.2% and PFF −4.2%.

Which is cheaper, IUSB or PFF?

IUSB is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

IUSB vs PFF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IUSB returned −1.2% to PFF's −4.2%, and IUSB charges 0.06% to PFF's 0.45%.

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Net assets on Oct 27, 2026: $49.8bn for iShares Core Universal USD Bond ETF and $11.8bn for iShares Preferred and Income Securities ETF.

IUSB on its own →PFF on its own →

At a glance

−1.2%

IUSB total return, 1 year

−4.2%

PFF total return, 1 year

0.06%

IUSB expense ratio

0.45%

PFF expense ratio

Pair scorecard

IUSB costs 0.39 points a year less; their one-year returns differ by 3.0 points; IUSB is 4.2 times larger.

IUSB vs PFF: Differences, Returns & Fees
Measure	IUSB	PFF
Return
Measure	IUSB	PFF
Total return, 1 year	−1.2%	−4.2%
Drawdown
Measure	IUSB	PFF
Below its high		7.1%, high on May 8, 2026
Benchmark
Measure	IUSB	PFF
What it tracks	Bloomberg U.S. Universal Index	ICE Exchange-Listed Preferred & Hybrid Securities Index
Cost and size
Measure	IUSB	PFF
Expense ratio	0.06%	0.45%
Net assets, as of Oct 27, 2026	$49.8bn	$11.8bn
Holdings
Measure	IUSB	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 and Jul 31, 2026. Method

What they share

By the books each fund has filed, IUSB and PFF hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IUSB PFF

Only in one fund ↓

Only in IUSB

Uniform Mortgage-Backed Securities, due Aug 25, 2056 0.41%

U.S. Treasury Notes, due Dec 31, 2029 0.37%

U.S. Treasury Notes, due May 15, 2036 0.37%

U.S. Treasury Notes, due Feb 15, 2034 0.36%

U.S. Treasury Notes, due Feb 15, 2035 0.35%

U.S. Treasury Notes, due Aug 15, 2035 0.34%

U.S. Treasury Notes, due May 15, 2034 0.34%

U.S. Treasury Notes, due Nov 15, 2034 0.34%

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

IUSB iShares Core Universal USD Bond ETF PFF iShares Preferred and Income Securities ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of Universal USD Bond Tracks an index of Preferred and Income Securities

Total return, 1 year −1.2% −4.2%

Its benchmark over the same days not measured +13.6% (MLRG)

Gap to its benchmark not measured −17.8 pts vs MLRG

Expense ratio 0.06% 0.45%

Holdings 18338 453

Net assets, as of Oct 27, 2026 $49.8bn $11.8bn

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

Alert

About each fund

IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

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, IUSB or PFF?: In the year to Oct 28, 2026, with distributions reinvested, IUSB returned −1.2% and PFF −4.2%.
Which is cheaper, IUSB or PFF?: IUSB is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IUSB vs SPSB IUSB vs VGLT IUSB vs VUSB IUSB vs TIP BOND vs PFF PFF vs SGOV PFF vs PFFA PFF vs PFXF

Where to next

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

Sources and dates

IUSB and PFF filings on SEC EDGAR ↗

IUSB prospectus with the expense ratio (SEC) ↗

iShares page for IUSB ↗

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

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