Best Of
Best Preferred Stock ETFs in 2026
ETFs holding preferred shares for steady, bond-like income with higher yields than common-stock dividends.
Data updated July 2026 · 25 ETFs
Who this page is for
Best for
- Income investors who want higher, steadier yield than common-stock dividend ETFs
- Retirees seeking a bond-like sleeve that still pays 5-10%
- Diversifiers looking for a distinct asset class between stocks and bonds
Not a fit for
- Investors who need capital appreciation — preferreds trade in a narrow price band
- Anyone sensitive to interest-rate risk; preferreds fall when long rates rise
- Those wanting credit safety — most issuers are banks and financials, concentrating sector risk
Analysis
Preferred stock ETFs occupy the middle ground between bonds and common equity. Preferred shares pay a fixed distribution that ranks ahead of common dividends, so the income is steadier and the yields — typically 5% to 10% — are well above what a broad dividend ETF delivers. That income comes with two trade-offs. First, preferreds are highly sensitive to interest rates: because their payments are fixed, prices fall when long-term rates rise, much like a long-duration bond. Second, the issuer base is heavily concentrated in banks, insurers, and other financials, so a preferred ETF carries real sector risk. Active funds like PFFA lever the portfolio to push yield higher, while passive funds like PFF and PGX offer broad, lower-cost exposure. Use preferreds as an income sleeve, not a growth engine.
Top picks
Top 3 preferred stock ETFs by assets under management.
Yield distribution
Expense ratio distribution
Income projection
Estimated annual, monthly, and weekly income based on the average yield of 6.50% across these 25 ETFs. For illustration only—actual income will vary.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $650 | $54 | $13 |
| $25,000 | $1,626 | $135 | $31 |
| $50,000 | $3,251 | $271 | $63 |
| $100,000 | $6,503 | $542 | $125 |
Issuer breakdown
Distribution of ETFs by fund issuer. Larger issuers often offer lower expense ratios and higher liquidity.
All 25 ETFs
| Ticker | Name | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|
| PFF | iShares Preferred and Income Securities ETF | iShares | 5.57% | 0.46% | $13.5B | Monthly |
| FPE | First Trust Preferred Securities and Income ETF | First Trust | 6.56% | 0.84% | $6.3B | Monthly |
| PGX | Invesco Preferred ETF | Invesco | 5.45% | 0.50% | $3.8B | Monthly |
| VRP | Invesco Variable Rate Preferred ETF | Invesco | 4.44% | 0.50% | $2.9B | Monthly |
| PFXF | VanEck Preferred Securities ex Financials ETF | VanEck | 7.34% | 0.41% | $2.5B | Monthly |
| PFFA | Virtus InfraCap U.S. Preferred Stock ETF | Virtus Investment Partners | 9.88% | 2.52% | $2.4B | Monthly |
| PFFD | Global X U.S. Preferred ETF | Global X | 6.43% | 0.23% | $2.2B | Monthly |
| FPEI | First Trust Institutional Preferred Securities and Income ETF | First Trust | 5.63% | 0.85% | $1.9B | Monthly |
| PREF | Principal Spectrum Preferred Securities Active ETF | Principal | 5.33% | 0.55% | $1.8B | Monthly |
| PSK | SPDR® ICE Preferred Securities ETF | State Street | 7.11% | 0.45% | $710M | Monthly |
| PGF | Invesco Financial Preferred ETF | Invesco | 6.56% | 0.56% | $688M | Monthly |
| PFLD | AAM Low Duration Preferred and Income Securities ETF | AAM | 5.50% | 0.46% | $423M | Monthly |
| PFFV | Global X Variable Rate Preferred ETF | Global X | 7.17% | 0.25% | $305M | Monthly |
| CSPF | Cohen & Steers Preferred and Income Opportunities Active ETF | Cohen & Steers | 6.26% | 0.59% | $272M | Monthly |
| PRFD | PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | PIMCO | 5.89% | 0.74% | $220M | Monthly |
| JHPI | John Hancock Preferred Income ETF | John Hancock | 6.33% | 0.54% | $204M | Monthly |
| NPFI | Nuveen Preferred and Income ETF | Nuveen | 6.25% | 0.55% | $167M | Monthly |
| SPFF | Global X SuperIncome Preferred ETF | Global X | 6.65% | 0.48% | $142M | Monthly |
| PFFR | Virtus InfraCap REIT Preferred ETF | InfraCap | 8.32% | 0.45% | $117M | Monthly |
| GPRF | Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | Goldman Sachs | 6.39% | 0.45% | $105M | Monthly |
| FPFD | Fidelity Preferred Securities & Inc ETF | Fidelity Investments | 6.95% | 0.59% | $83M | Monthly |
| EPRF | Innovator S&P Investment Grade Preferred ETF | Innovator ETFs | 6.14% | 0.47% | $71M | Monthly |
| CSSD | Cohen & Steers Short Duration Preferred And Income Active ETF | Cohen & Steers | 6.14% | — | $45M | Monthly |
| EVPF | Eaton Vance Preferred Securities and Income ETF | Eaton Vance | 6.00% | 0.39% | $35M | Monthly |
| PTA | Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund | Cohen & Steers | 8.28% | — | — | Monthly |
Frequently asked questions
What are the best preferred stock ETFs?
This page lists the top 25 ETFs in this category ranked by key metrics. The list includes funds from issuers like iShares, First Trust, Invesco, VanEck and more.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated July 2026.
What is the average yield of these ETFs?
The average distribution yield across the 25 ETFs on this list is 6.50%. Individual yields range from 8.28% to 5.57%.
What is a preferred stock ETF?
It is a fund that holds preferred shares — hybrid securities that pay a fixed distribution ranking ahead of common-stock dividends. The ETF bundles hundreds of these issues so you get diversified preferred income in a single ticker.
Why are preferred stock ETFs sensitive to interest rates?
Preferred payments are fixed, so their value behaves like a long-duration bond. When long-term interest rates rise, the fixed payment becomes less attractive and preferred prices fall; when rates drop, they rise. This rate sensitivity is the main driver of preferred ETF price moves.
What's the difference between PFF, PGX, and PFFA?
PFF (iShares) and PGX (Invesco) are large, passive, index-based preferred ETFs with broad exposure and lower fees. PFFA (Virtus InfraCap) is actively managed and uses modest leverage to target a higher distribution, which raises both its yield and its risk.
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