High-Yield Preferred Stock ETFs: A Complete List

High-yield preferred stock ETFs form a vital segment of the fixed-income universe, offering distinctive investment characteristics. They primarily trade on major US exchanges, providing exposure to hybrid securities that combine equity-like features with bond-like income benefits. These specialized instruments deliver higher dividend yields than traditional equities while offering greater yield potential than investment-grade bonds.

Preferred stock ETFs deliver more than just income; they offer a unique blend of features across market conditions. The main advantages of investing through these funds include:

Enhanced yield generation: Consistently higher income than common stocks due to fixed dividend rates and priority claims.
Capital preservation features: Higher seniority in capital structure compared to common equity during liquidation.
Sector diversification: Broad exposure across financial institutions (85%+), utilities, REITs, and energy infrastructure companies.

The structural resilience of preferred securities is exemplified by financial issuers, which account for the majority of offerings. Major banks like Bank of America and Wells Fargo collectively represent over 45% of the preferred ETFs market capitalization! Investing through high-yield preferred ETFs thus provides efficient access to institutional-grade securities normally requiring substantial minimum investments and credit analysis.

Many preferred stocks feature cumulative dividend provisions. Companies like Annaly Capital Management must pay accrued dividends in full before any common distributions. Similar protective attributes include fixed-to-floating rate structures and call features allowing early redemption. This explains why preferred stock ETFs typically yield 2-4% more than investment-grade corporate bonds. Although rates are fixed, the asset class offers superior income stability demonstrated through multiple credit cycles. Leading financial issuers maintain dividend coverage ratios exceeding 3-4x cash flow, providing considerable resilience. Non-bank entities like energy midstream corporations (Cheniere Energy, Enterprise Products Partners) contribute additional yield diversification through energy infrastructure preferreds.

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The following table contains a comprehensive list of high-yield preferred stock ETFs by net assets and trading volume, traded on US exchanges. These funds deliver diversified access to preferred securities through indexing methodologies focused on yield, quality, and duration characteristics.

Top Preferred Share ETFs

Stock	Price	Change %	Dividend Yield
iShares Preferred & Income Securities ETF PFF	$31.84	0.13%	6.29%
First Trust Preferred Securities & Income ETF FPE	$18.31	0.00%	5.81%
Invesco Preferred ETF PGX	$11.41	0.00%	6.02%
Global X U.S. Preferred ETF PFFD	$19.56	0.10%	6.35%
VanEck Preferred Securities ex Financials ETF PFXF	$18.53	0.54%	6.73%
Virtus InfraCap U.S. Preferred Stock ETF PFFA	$21.86	0.09%	9.52%
Principal Spectrum Preferred Secs Active ETF PREF	$19.17	0.08%	4.88%
SPDR ICE Preferred Securities ETF PSK	$32.44	0.25%	6.80%
Invesco Financial Preferred ETF PGF	$14.40	0.17%	6.28%
Global X Variable Rate Preferred ETF PFFV	$22.63	0.18%	8.23%
Global X SuperIncome Preferred ETF SPFF	$9.53	0.01%	6.45%
InfraCap REIT Preferred ETF PFFR	$18.24	0.02%	8.00%
Innovator S&P Investment Grade Preferred ETF EPRF	$17.87	0.33%	6.00%
American Century Quality Preferred ETF QPFF	$35.70	0.11%	6.03%
John Hancock Preferred Income ETF JHPI	$23.13	0.04%	5.74%
Preferred-Plus ETF IPPP	$10.09	0.20%	5.62%
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN PFFL	$8.54	0.29%	13.26%