- Issuer
- Invesco
- Inception Date
- Dec 10, 2018
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index
- Distribution Policy
- Distributing
- Asset Class
- Preferred Stock
Share Price Chart
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Performance
PDSE.DE Performance Chart
Invesco Preferred Shares UCITS ETF EUR Hedged Dist (PDSE.DE) is down 1.4% since the beginning of the year. PDSE.DE is currently trading at €12 per share. Investors who bought €1,000 worth of PDSE.DE shares 5 years ago would now be looking at an investment worth €818.
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Returns By Period
Invesco Preferred Shares UCITS ETF EUR Hedged Dist (PDSE.DE) has returned -1.41% so far this year and -0.55% over the past 12 months.
Invesco Preferred Shares UCITS ETF EUR Hedged Dist
- 1D
- 0.24%
- 1M
- -1.95%
- 6M
- -1.49%
- YTD
- -1.41%
- 1Y
- -0.55%
- 3Y*
- 1.44%
- 5Y*
- -3.94%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
PDSE.DE Monthly Returns History
Based on dividend-adjusted daily data since Apr 16, 2018, PDSE.DE's average daily return is 0.00%, while the average monthly return is -0.02%.
Historically, 54% of months were positive and 46% were negative. The best month was Jan 2023 with a return of +13.0%, while the worst month was Mar 2020 at -10.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PDSE.DE closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +12.2%, while the worst single day was Mar 18, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.62% | 0.91% | -4.31% | 1.51% | -0.39% | -0.87% | 0.24% | -1.41% | |||||
| 2025 | 2.83% | 0.36% | -3.15% | -1.66% | -0.61% | 1.35% | 1.85% | 2.12% | 1.92% | -2.21% | -0.53% | -0.44% | 1.64% |
| 2024 | 2.79% | 0.00% | 1.51% | -4.65% | 1.24% | 0.83% | 0.79% | 3.29% | 3.45% | -2.10% | -0.76% | -4.89% | 1.07% |
| 2023 | 13.00% | -3.34% | -5.22% | 1.35% | -3.51% | 0.98% | 1.31% | -1.87% | -1.11% | -5.57% | 8.84% | 3.72% | 7.14% |
| 2022 | -4.47% | -3.36% | -1.03% | -7.34% | 3.33% | -4.24% | 5.03% | -3.87% | -4.13% | -4.99% | 3.05% | -3.89% | -23.69% |
| 2021 | -1.79% | -1.98% | 3.61% | 0.78% | 0.57% | 1.29% | -0.05% | 0.05% | -0.25% | 0.21% | -2.69% | 2.23% | 1.81% |
Benchmark Metrics
Invesco Preferred Shares UCITS ETF EUR Hedged Dist has an annualized alpha of -4.10%, beta of 0.25, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since April 16, 2018.
- This ETF participated in 63.42% of S&P 500 Index downside but only 22.89% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.25 may look defensive, but with R2 of 0.13 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.13 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -4.10%
- Beta
- 0.25
- R²
- 0.13
- Upside Capture
- 22.89%
- Downside Capture
- 63.42%
Expense Ratio
PDSE.DE has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PDSE.DE ranks 8 for risk / return — in the bottom 8% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF EUR Hedged Dist (PDSE.DE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDSE.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.18 | -3.27 |
| Martin ratioReturn relative to average drawdown | -0.15 | 11.76 | -11.92 |
Dividends
Dividend History
Invesco Preferred Shares UCITS ETF EUR Hedged Dist provided a 5.53% dividend yield over the last twelve months, with an annual payout of €0.69 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | €0.69 | €0.68 | €0.71 | €0.74 | €0.80 | €0.85 | €0.86 | €0.91 | €0.67 |
Dividend yield | 5.53% | 5.23% | 5.31% | 5.27% | 5.80% | 4.50% | 4.42% | 4.58% | 3.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Preferred Shares UCITS ETF EUR Hedged Dist. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | €0.00 | €0.00 | €0.17 | €0.00 | €0.00 | €0.18 | €0.00 | €0.35 | |||||
| 2025 | €0.00 | €0.00 | €0.18 | €0.00 | €0.00 | €0.17 | €0.00 | €0.00 | €0.16 | €0.00 | €0.00 | €0.18 | €0.68 |
| 2024 | €0.00 | €0.00 | €0.18 | €0.00 | €0.00 | €0.17 | €0.00 | €0.00 | €0.17 | €0.00 | €0.00 | €0.20 | €0.71 |
| 2023 | €0.00 | €0.00 | €0.19 | €0.00 | €0.00 | €0.19 | €0.00 | €0.00 | €0.18 | €0.00 | €0.00 | €0.18 | €0.74 |
| 2022 | €0.00 | €0.00 | €0.20 | €0.00 | €0.00 | €0.21 | €0.00 | €0.00 | €0.21 | €0.00 | €0.00 | €0.19 | €0.80 |
| 2021 | €0.00 | €0.00 | €0.21 | €0.00 | €0.00 | €0.23 | €0.00 | €0.00 | €0.21 | €0.00 | €0.00 | €0.21 | €0.85 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Preferred Shares UCITS ETF EUR Hedged Dist. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Preferred Shares UCITS ETF EUR Hedged Dist was 31.94%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Invesco Preferred Shares UCITS ETF EUR Hedged Dist drawdown is 18.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -31.94%Mar 2020 | 1mo 10d | 7mo 28d | 9mo 8dFeb 2020 - Nov 2020 |
2023 bear market2023 | -29.67%Oct 2023 | 2y 3mo | — | 4y 11moJul 2021 - now |
Rate-hike selloffLate 2018 | -9.20%Dec 2018 | 5mo 20d | 3mo 6d | 8mo 26dJul 2018 - Apr 2019 |
2021 pullback2021 | -4.23%Feb 2021 | 2mo 4d | 1mo 10d | 3mo 14dDec 2020 - Apr 2021 |
2019 pullback2019 | -2.40%Dec 2019 | 1mo 8d | 1mo 1d | 2mo 9dOct 2019 - Jan 2020 |
Drawdown Indicators
| PDSE.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.94% | -51.62% | +19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -7.57% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.68% | -23.99% | +11.31% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | -23.99% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -18.42% | -0.43% | -17.99% |
Average DrawdownAverage peak-to-trough decline | -10.80% | -9.08% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 2.04% | +1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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