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

In the year to Oct 28, 2026, with distributions reinvested, PFF returned −4.2% and SHV +3.6%.

Which is cheaper, PFF or SHV?

SHV 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.

Data as of Oct 28, 2026.

Across categories

PFF vs SHV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PFF returned −4.2% to SHV's +3.6%, and SHV charges 0.15% to PFF's 0.45%.

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Net assets on Oct 27, 2026: $11.8bn for iShares Preferred and Income Securities ETF and $21.7bn for iShares 0-1 Year Treasury Bond ETF.

PFF on its own →SHV on its own →

At a glance

−4.2%

PFF total return, 1 year

+3.6%

SHV total return, 1 year

0.45%

PFF expense ratio

0.15%

SHV expense ratio

Pair scorecard

SHV costs 0.30 points a year less; their one-year returns differ by 7.8 points; SHV is 1.8 times larger.

PFF vs SHV: Differences, Returns & Fees
Measure	PFF	SHV
Return
Measure	PFF	SHV
Total return, 1 year	−4.2%	+3.6%
Drawdown
Measure	PFF	SHV
Below its high	7.1%, high on May 8, 2026
Benchmark
Measure	PFF	SHV
What it tracks	ICE Exchange-Listed Preferred & Hybrid Securities Index	ICE Short US Treasury Securities Index
Cost and size
Measure	PFF	SHV
Expense ratio	0.45%	0.15%
Net assets, as of Oct 27, 2026	$11.8bn	$21.7bn
Holdings
Measure	PFF	SHV
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, PFF and SHV 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 PFF SHV

Only in one fund ↓

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%

Only in SHV

U.S. Treasury Bills, due Jan 14, 2027 4.95%

U.S. Treasury Bills, due Oct 29, 2026 4.53%

U.S. Treasury Bills, due Oct 13, 2026 3.86%

U.S. Treasury Bills, due Dec 15, 2026 3.60%

U.S. Treasury Bills, due Oct 27, 2026 3.56%

U.S. Treasury Bills, due Dec 22, 2026 3.55%

U.S. Treasury Bills, due Oct 1, 2026 3.37%

U.S. Treasury Bills, due Nov 12, 2026 3.33%

Check overlap with more funds →

Side by side

PFF iShares Preferred and Income Securities ETF SHV iShares 0-1 Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of Preferred and Income Securities Tracks an index of 0-1 Year Treasury Bond

Total return, 1 year −4.2% +3.6%

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% 0.15%

Holdings 453 66

Net assets, as of Oct 27, 2026 $11.8bn $21.7bn

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

Alert

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.

SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, PFF or SHV?: In the year to Oct 28, 2026, with distributions reinvested, PFF returned −4.2% and SHV +3.6%.
Which is cheaper, PFF or SHV?: SHV 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.

Other comparisons

PFF vs SGOV BOXX vs PFF PFF vs VBIL PFF vs VUSB SHV vs SPSB SHV vs VGLT SHV vs TIP SCHP vs SHV

Where to next

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

Sources and dates

PFF and SHV filings on SEC EDGAR ↗

PFF prospectus with the expense ratio (SEC) ↗

iShares page for PFF ↗

SHV prospectus with the expense ratio (SEC) ↗

iShares page for SHV ↗

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

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