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

In the year to Oct 28, 2026, with distributions reinvested, IWC returned +16.5% and PFF −4.2%.

Which is cheaper, IWC or PFF?

PFF is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do IWC and PFF overlap with the S&P 500?

By their latest filed holdings, 92% of IWC and 0% of PFF by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IWC vs PFF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IWC returned +16.5% to PFF's −4.2%; 1% of their weight is in the same names.

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Net assets on Oct 27, 2026: $1.2bn for iShares Micro-Cap ETF and $11.8bn for iShares Preferred and Income Securities ETF.

IWC on its own →PFF on its own →

At a glance

+16.5%

IWC total return, 1 year

−4.2%

PFF total return, 1 year

0.60%

IWC expense ratio

0.45%

PFF expense ratio

Pair scorecard

PFF costs 0.15 points a year less; their one-year returns differ by 20.7 points; PFF is 9.8 times larger.

IWC vs PFF: Differences, Returns & Fees
Measure	IWC	PFF
Return
Measure	IWC	PFF
Total return, 1 year	+16.5%	−4.2%
Drawdown
Measure	IWC	PFF
Below its high	9.5%, high on Aug 14, 2026	7.1%, high on May 8, 2026
Benchmark
Measure	IWC	PFF
What it tracks	Russell Microcap Index	ICE Exchange-Listed Preferred & Hybrid Securities Index
Cost and size
Measure	IWC	PFF
Expense ratio	0.60%	0.45%
Net assets, as of Oct 27, 2026	$1.2bn	$11.8bn
Holdings
Measure	IWC	PFF
Holdings in common	1%
Top ten holdings, share of the fund	5.9%	22.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, IWC and PFF hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first IWC PFF

STRIVE INC CLASS A 0.50% 0.56%

ATLANTICUS HOLDINGS CORP 0.11% 0.09%

FRANKLIN BSP REALTY TRUST 0.13% 0.09%

INVESCO MORTGAGE CAPITAL REIT INC 0.14% 0.08%

KKR REAL ESTATE FINANCE INC TRUST 0.07% 0.12%

CONNECTONE BANCORP 0.40% 0.06%

ELLINGTON FINANCIAL 0.36% 0.06%

GLADSTONE LAND REIT 0.09% 0.06%

MIDLAND STATES BANCORP INC 0.16% 0.06%

CHATHAM LODGING TRUST REIT 0.16% 0.05%

CTO REALTY GROWTH 0.18% 0.05%

DIME COMMERCIAL BANCSHARES 0.43% 0.04%

Only in one fund ↓

Only in IWC

CAREDX 0.88%

PENGUIN SOLUTIONS INC 0.73%

NURIX THERAPEUTICS 0.63%

SELLAS LIFE SCIENCES GROUP INC 0.60%

VIRIDIAN THERAPEUTICS ORS 0.59%

OUSTER 0.53%

INTERFACE 0.52%

HYPERLIQUID STRATEGIES INC 0.46%

Only in PFF

STRATEGY INC 3.53%

BOEING CO 3.11%

HEWLETT PACKARD ENTERPRISE CONV PR 2.36%

ALPHABET INC 2.31%

SUPER MICRO COMPUTER INC 2.27%

ALPHABET INC 2.26%

WELLS FARGO & COMPANY SERIES L 2.14%

ORACLE CORPORATION 2.06%

Check overlap with more funds →

Side by side

IWC iShares Micro-Cap ETF PFF iShares Preferred and Income Securities ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the Russell Microcap Tracks an index of Preferred and Income Securities

Total return, 1 year +16.5% −4.2%

Its benchmark over the same days +13.3% (IWV) +13.6% (MLRG)

Gap to its benchmark +3.2 pts vs IWV −17.8 pts vs MLRG

Expense ratio 0.60% 0.45%

Already in the S&P 500 91.7% 0.0%

Holdings 1365 453

Net assets, as of Oct 27, 2026 $1.2bn $11.8bn

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

Alert

About each fund

IWC

Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

IWC tracks the Russell Microcap. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,365 positions, with the top ten at 5.9%. It sat 9.5% below its high of Aug 14, 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, IWC or PFF?: In the year to Oct 28, 2026, with distributions reinvested, IWC returned +16.5% and PFF −4.2%.
Which is cheaper, IWC or PFF?: PFF is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWC and PFF overlap with the S&P 500?: By their latest filed holdings, 92% of IWC and 0% of PFF by weight is stocks the S&P 500 already holds.

Other comparisons

IWC vs SPSB IWC vs VGLT IWC vs TIP IWC vs VBIL PFF vs VTWO IWM vs PFF PFF vs VB IJR vs PFF

Where to next

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

Sources and dates

IWC and PFF filings on SEC EDGAR ↗

IWC and PFF prospectus with the expense ratio (SEC) ↗

iShares page for IWC ↗

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

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