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

In the year to Oct 28, 2026, with distributions reinvested, PFF returned −4.2% and TIP −1.0%.

Which is cheaper, PFF or TIP?

TIP is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

PFF vs TIP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PFF returned −4.2% to TIP's −1.0%, and TIP charges 0.18% 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 $14.6bn for iShares TIPS Bond ETF.

PFF on its own →TIP on its own →

At a glance

−4.2%

PFF total return, 1 year

−1.0%

TIP total return, 1 year

0.45%

PFF expense ratio

0.18%

TIP expense ratio

Pair scorecard

TIP costs 0.27 points a year less; their one-year returns differ by 3.2 points; TIP is 1.2 times larger.

PFF vs TIP: Differences, Returns & Fees
Measure	PFF	TIP
Return
Measure	PFF	TIP
Total return, 1 year	−4.2%	−1.0%
Drawdown
Measure	PFF	TIP
Below its high	7.1%, high on May 8, 2026
Benchmark
Measure	PFF	TIP
What it tracks	ICE Exchange-Listed Preferred & Hybrid Securities Index	ICE U.S. Treasury Inflation Linked Bond Index
Cost and size
Measure	PFF	TIP
Expense ratio	0.45%	0.18%
Net assets, as of Oct 27, 2026	$11.8bn	$14.6bn
Holdings
Measure	PFF	TIP
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 Jul 31, 2026. Method

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first PFF TIP

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 TIP

U.S. Treasury Inflation Linked Notes, due Jul 15, 2035 3.99%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2035 3.94%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2036 3.92%

U.S. Treasury Inflation Linked Notes, due Jul 15, 2034 3.71%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2034 3.55%

U.S. Treasury Inflation Linked Notes, due Oct 15, 2030 3.37%

U.S. Treasury Inflation Linked Notes, due Apr 15, 2030 3.32%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2033 3.31%

Check overlap with more funds →

Side by side

PFF iShares Preferred and Income Securities ETF TIP iShares TIPS 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 TIPS Bond

Total return, 1 year −4.2% −1.0%

Its benchmark over the same days +13.6% (MLRG) −0.8% (VTP)

Gap to its benchmark −17.8 pts vs MLRG −0.2 pts vs VTP

Expense ratio 0.45% 0.18%

Holdings 453 48

Net assets, as of Oct 27, 2026 $11.8bn $14.6bn

PFF and TIP 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.

TIP

TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. The prospectus expense ratio is 0.18% a year.

Questions people ask

Which returned more over the last year, PFF or TIP?: In the year to Oct 28, 2026, with distributions reinvested, PFF returned −4.2% and TIP −1.0%.
Which is cheaper, PFF or TIP?: TIP is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

PFF vs SCHP EMB vs PFF BINC vs PFF PFF vs SPSB TIP vs VGLT BINC vs TIP EDV vs TIP TIP vs TIPX

Where to next

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

Sources and dates

PFF and TIP filings on SEC EDGAR ↗

PFF prospectus with the expense ratio (SEC) ↗

iShares page for PFF ↗

TIP prospectus with the expense ratio (SEC) ↗

iShares page for TIP ↗

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 TIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/pff-vs-tip

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