Data as of Oct 28, 2026.
PFF vs QUAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, PFF returned −4.2% to QUAL's +13.1%; 4% of their weight is in the same names.
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Net assets: $11.8bn on Oct 27, 2026 for iShares Preferred and Income Securities ETF, and $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF.
Pair scorecard
QUAL costs 0.30 points a year less; their one-year returns differ by 17.3 points; QUAL is 4.1 times larger.
| Measure | PFF | QUAL |
|---|---|---|
| Return | ||
| Total return, 1 year | −4.2% | +13.1% |
| Drawdown | ||
| Below its high | 7.1%, high on May 8, 2026 | |
| Benchmark | ||
| What it tracks | ICE Exchange-Listed Preferred & Hybrid Securities Index | MSCI USA Sector Neutral Quality Index |
| Cost and size | ||
| Expense ratio | 0.45% | 0.15% |
| Net assets, as of Oct 26, 2026 | $11.8bn | $48.3bn |
| Holdings | ||
| Holdings in common | 4% | |
| Top ten holdings, share of the fund | 22.7% | 44.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, PFF and QUAL hold 4% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
4% in common
Only in one fund ↓
Side by side
PFF and QUAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
QUAL
QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.
Questions people ask
- Which returned more over the last year, PFF or QUAL?
- In the year to Oct 28, 2026, with distributions reinvested, PFF returned −4.2% and QUAL +13.1%.
- Which is cheaper, PFF or QUAL?
- QUAL is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, PFF against QUAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/pff-vs-qual
ETFIQ. (Oct 28, 2026). PFF against QUAL. Retrieved from https://etfiq.com/compare/any/pff-vs-qual
[PFF against QUAL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pff-vs-qual)
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