Poly(3,4-ethylenedioxythiophene):poly(styrenesulfonate) (PEDOT:PSS) is promising to be the next-generation transparent electrode of optoelectronic devices. This paper reports the differences between two commercially available grades of PEDOT:PSS: Clevios P and Clevios PH1000. The as-prepared PEDOT:PSS films from Clevios P and Clevios PH1000 solutions have close conductivities of 0.2-0.35 S cm(-1). Their conductivities can be enhanced to 171 and 1164 S cm(-1), respectively, through a treatment with hydrofluoroacetone trihydrate (HFA). The differences between Clevios P and Clevios PH1000 were studied by various characterizations on PEDOT:PSS aqueous solutions and PEDOT:PSS films. The gel particles are larger in Clevios PH1000 solution than in Clevios P solution as revealed by dynamic light scattering and fluorescence spectroscopy of pyrene in these solutions. These results suggest that PEDOT of Clevios PH1000 has a higher average molecular weight than that of Clevios P. The difference in the molecular weight of PEDOT for the two grades of PEDOT:PSS is confirmed by the characterizations on their polymer films, including atomic force microscopy and temperature dependences of the resistances of as-prepared and HFA-treated PEDOT:PSS films. The different molecular weights of PEDOT also gives rise to significant differences in the electrochemical behaviors of the two grades of PEDOT:PSS, as revealed by the cyclic voltammetry, in situ UV-vis-NIR absorption spectroscopy and potentiostatic transient measurements.