Data as of Oct 28, 2026.

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PFF vs SCHB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PFF returned −4.2% to SCHB's +13.4%; 11% 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 $44.6bn on Aug 31, 2026 for Schwab U.S. Broad Market ETF.

At a glance
−4.2%
PFF total return, 1 year
+13.4%
SCHB total return, 1 year
0.45%
PFF expense ratio
0.03%
SCHB expense ratio

Pair scorecard

SCHB costs 0.42 points a year less; their one-year returns differ by 17.6 points.

PFF vs SCHB: Differences, Returns & Fees
MeasurePFFSCHB
Return
Total return, 1 year−4.2%+13.4%
Drawdown
Below its high7.1%, high on May 8, 2026
Benchmark
What it tracksICE Exchange-Listed Preferred & Hybrid Securities IndexDow Jones U.S. Broad Stock Market Index
Cost and size
Expense ratio0.45%0.03%
Net assets, PFF as of Oct 27, 2026 and SCHB as of Aug 31, 2026$11.8bn$44.6bn
Holdings
Holdings in common11%
Top ten holdings, share of the fund22.7%33.7%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method

What they share

11%

By the books each fund has filed, PFF and SCHB hold 11% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.

0 half 100%

half

11% in common

Positions both hold · largest shared weight first PFF SCHB
ALPHABET INC 2.31% 2.68%
ALPHABET INC 2.26% 2.13%
JPMORGAN CHASE & CO 0.85% 1.28%
BANK OF AMERICA CORP 1.43% 0.55%
GOLDMAN SACHS GROUP INC 0.50% 0.41%
WELLS FARGO & COMPANY 0.69% 0.36%
MORGAN STANLEY 0.48% 0.34%
ORACLE CORPORATION 2.06% 0.34%
CITIGROUP INC 0.38% 0.30%
AT&T INC 0.53% 0.24%
CHARLES SCHWAB CORPORATION (THE) 0.32% 0.24%
NEXTERA ENERGY INC 1.06% 0.23%
Only in one fund ↓
Only in PFF
HEWLETT PACKARD ENTERPRISE CONV PR 2.36%
WELLS FARGO & COMPANY SERIES L 2.14%
CITIGROUP CAPITAL XIII 1.22%
NEXTERA ENERGY UNITS 1.04%
BRIGHTSPRING HEALTH SERVICES UNITS 0.78%
JPMORGAN CHASE & CO 0.75%
NEXTERA ENERGY UNITS 0.73%
JPMORGAN CHASE AND CO DS REPSTG T 0.65%
Only in SCHB
NVIDIA Corp 7.20%
Apple Inc 6.27%
Microsoft Corp 5.08%
Amazon.com Inc 3.42%
Broadcom Inc 2.36%
Meta Platforms Inc 1.69%
Micron Technology Inc 1.46%
Tesla Inc 1.40%
Check overlap with more funds →

Side by side

PFF iShares Preferred and Income Securities ETF SCHB Schwab U.S. Broad Market ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of Preferred and Income Securities Tracks an index of US broad market
Total return, 1 year −4.2% +13.4%
Its benchmark over the same days +13.6% (MLRG) not measured
Gap to its benchmark −17.8 pts vs MLRG not measured
Expense ratio 0.45% 0.03%
Already in the S&P 500 0.0% 88.0%
Holdings 453 2372
Net assets, PFF as of Oct 27, 2026 and SCHB as of Aug 31, 2026 $11.8bn $44.6bn

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

Client brief · page 1 of 2 Report BR-2C8651C55A

PFF and SCHB do different jobs. What does each one do in a portfolio?

  1. What each follows. PFF follows ICE Exchange-Listed Preferred & Hybrid Securities Index and SCHB follows Dow Jones U.S. Broad Stock Market Index.
  2. Holdings in common. 11% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 PFF returned −4.2% and SCHB +13.4% with distributions reinvested, a gap of 17.6 points.

Data as of Oct 28, 2026.

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About each fund
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.

SCHB

SCHB tracks an index of US broad market. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,372 positions, with the top ten at 33.7%.

Questions people ask

Which returned more over the last year, PFF or SCHB?
In the year to Oct 28, 2026, with distributions reinvested, PFF returned −4.2% and SCHB +13.4%.
Which is cheaper, PFF or SCHB?
SCHB is cheaper, by 0.42 percentage points a year. That is about $42 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PFF and SCHB overlap with the S&P 500?
By their latest filed holdings, 0% of PFF and 88% of SCHB by weight is stocks the S&P 500 already holds.
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ETFIQ, PFF against SCHB, data as of Oct 28, 2026. https://etfiq.com/compare/any/pff-vs-schb

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