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

In the year to Oct 28, 2026, with distributions reinvested, PFF returned −4.2% and USHY +1.7%.

Which is cheaper, PFF or USHY?

USHY is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

PFF vs USHY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PFF returned −4.2% to USHY's +1.7%, and USHY charges 0.08% 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 $26.3bn for iShares Broad USD High Yield Corporate Bond ETF.

PFF on its own →USHY on its own →

At a glance

−4.2%

PFF total return, 1 year

+1.7%

USHY total return, 1 year

0.45%

PFF expense ratio

0.08%

USHY expense ratio

Pair scorecard

USHY costs 0.37 points a year less; their one-year returns differ by 5.9 points; USHY is 2.2 times larger.

PFF vs USHY: Differences, Returns & Fees
Measure	PFF	USHY
Return
Measure	PFF	USHY
Total return, 1 year	−4.2%	+1.7%
Drawdown
Measure	PFF	USHY
Below its high	7.1%, high on May 8, 2026
Benchmark
Measure	PFF	USHY
What it tracks	ICE Exchange-Listed Preferred & Hybrid Securities Index	ICE BofA US High Yield Constrained Index
Cost and size
Measure	PFF	USHY
Expense ratio	0.45%	0.08%
Net assets, as of Oct 27, 2026	$11.8bn	$26.3bn
Holdings
Measure	PFF	USHY
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 USHY 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 USHY

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 USHY

1261229 BC Ltd, due Apr 15, 2032 0.47%

Meridian Arc Holdco LLC, due Apr 30, 2031 0.39%

EchoStar Corp, due Nov 30, 2029 0.39%

Quikrete Holdings Inc, due Mar 1, 2032 0.29%

PR RNO Property Owner 1 LLC, due May 1, 2031 0.28%

Asurion LLC/ Asurion Co-Issuer Inc, due Dec 31, 2032 0.26%

Cloud Software Group LLC, due Mar 31, 2029 0.26%

Cloud Software Group LLC, due Sep 30, 2029 0.25%

Check overlap with more funds →

Side by side

PFF iShares Preferred and Income Securities ETF USHY iShares Broad USD High Yield Corporate 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 Broad USD High Yield Corporate Bond

Total return, 1 year −4.2% +1.7%

Its benchmark over the same days +13.6% (MLRG) +1.8% (SPHY)

Gap to its benchmark −17.8 pts vs MLRG −0.1 pts vs SPHY

Expense ratio 0.45% 0.08%

Holdings 453 1900

Net assets, as of Oct 27, 2026 $11.8bn $26.3bn

PFF and USHY 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.

USHY

USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, PFF or USHY?: In the year to Oct 28, 2026, with distributions reinvested, PFF returned −4.2% and USHY +1.7%.
Which is cheaper, PFF or USHY?: USHY is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

HYG vs PFF JNK vs PFF PFF vs SHY PFF vs VTIP EMB vs USHY USHY vs VGLT USHY vs VUSB TIP vs USHY

Where to next

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

Sources and dates

PFF and USHY filings on SEC EDGAR ↗

PFF prospectus with the expense ratio (SEC) ↗

iShares page for PFF ↗

USHY prospectus with the expense ratio (SEC) ↗

iShares page for USHY ↗

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

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