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

In the year to Oct 28, 2026, with distributions reinvested, LQD returned −3.4% and PFF −4.2%.

Which is cheaper, LQD or PFF?

LQD is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

LQD vs PFF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, LQD returned −3.4% to PFF's −4.2%, and LQD charges 0.14% to PFF's 0.45%.

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Net assets on Oct 27, 2026: $30.6bn for iShares iBoxx $ Investment Grade Corporate Bond ETF and $11.8bn for iShares Preferred and Income Securities ETF.

LQD on its own →PFF on its own →

At a glance

−3.4%

LQD total return, 1 year

−4.2%

PFF total return, 1 year

0.14%

LQD expense ratio

0.45%

PFF expense ratio

Pair scorecard

LQD costs 0.31 points a year less; their one-year returns differ by 0.8 points; LQD is 2.6 times larger.

LQD vs PFF: Differences, Returns & Fees
Measure	LQD	PFF
Return
Measure	LQD	PFF
Total return, 1 year	−3.4%	−4.2%
Drawdown
Measure	LQD	PFF
Below its high	6.3%, high on Sep 22, 2021	7.1%, high on May 8, 2026
Benchmark
Measure	LQD	PFF
What it tracks	Markit iBoxx USD Liquid Investment Grade Index	ICE Exchange-Listed Preferred & Hybrid Securities Index
Cost and size
Measure	LQD	PFF
Expense ratio	0.14%	0.45%
Net assets, as of Oct 27, 2026	$30.6bn	$11.8bn
Holdings
Measure	LQD	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 Aug 31, 2026. Method

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first LQD PFF

Only in one fund ↓

Only in LQD

Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc, due Feb 1, 2046 0.18%

CVS Health Corp, due Mar 25, 2048 0.17%

T-Mobile USA Inc, due Apr 15, 2030 0.17%

Space Exploration Technologies Corp, due Jul 15, 2031 0.17%

Meta Platforms Inc, due Nov 15, 2035 0.16%

Charter Communications Operating LLC / Charter Communications Operating Capital, due Sep 1, 2038 0.15%

Charter Communications Operating LLC / Charter Communications Operating Capital, due Sep 1, 2041 0.15%

Amazon.com Inc, due Mar 13, 2036 0.14%

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

LQD iShares iBoxx $ Investment Grade Corporate 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 US investment grade bonds Tracks an index of Preferred and Income Securities

Total return, 1 year −3.4% −4.2%

Its benchmark over the same days −1.2% (IUSB) +13.6% (MLRG)

Gap to its benchmark −2.2 pts vs IUSB −17.8 pts vs MLRG

Expense ratio 0.14% 0.45%

Holdings 3191 453

Net assets, as of Oct 27, 2026 $30.6bn $11.8bn

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

Alert

About each fund

LQD

LQD tracks an index of US investment grade bonds. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.14% a year. It sat 6.3% below its high of Sep 22, 2021 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, LQD or PFF?: In the year to Oct 28, 2026, with distributions reinvested, LQD returned −3.4% and PFF −4.2%.
Which is cheaper, LQD or PFF?: LQD is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

LQD vs VGLT LQD vs TIP LQD vs SPSB LQD vs VBIL PFF vs VCIT IGIB vs PFF PFF vs SGOV PFF vs VRP

Where to next

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

Sources and dates

LQD and PFF filings on SEC EDGAR ↗

LQD prospectus with the expense ratio (SEC) ↗

iShares page for LQD ↗

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

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