PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
Invesco Preferred ETF (PGX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US73936T5653

CUSIP

73936T565

Issuer

Invesco

Inception Date

Jan 31, 2008

Region

North America (U.S.)

Leveraged

1x

Index Tracked

BofA Merrill Lynch Core Fixed Rate Preferred Securities Index

Asset Class

Preferred Stock

Asset Class Size

Micro-Cap

Asset Class Style

Blend

Expense Ratio

PGX features an expense ratio of 0.52%, falling within the medium range.


Expense ratio chart for PGX: current value at 0.52% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.52%

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
PGX vs. PFF PGX vs. PGF PGX vs. KBWD PGX vs. DIV PGX vs. FPE PGX vs. SCHD PGX vs. JEPI PGX vs. PFXF PGX vs. SPHD PGX vs. SPYD
Popular comparisons:
PGX vs. PFF PGX vs. PGF PGX vs. KBWD PGX vs. DIV PGX vs. FPE PGX vs. SCHD PGX vs. JEPI PGX vs. PFXF PGX vs. SPHD PGX vs. SPYD

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Invesco Preferred ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%100.00%200.00%300.00%400.00%JulyAugustSeptemberOctoberNovemberDecember
64.59%
330.22%
PGX (Invesco Preferred ETF)
Benchmark (^GSPC)

Returns By Period

Invesco Preferred ETF had a return of 7.05% year-to-date (YTD) and 6.58% in the last 12 months. Over the past 10 years, Invesco Preferred ETF had an annualized return of 3.41%, while the S&P 500 had an annualized return of 11.06%, indicating that Invesco Preferred ETF did not perform as well as the benchmark.


PGX

YTD

7.05%

1M

-1.61%

6M

3.03%

1Y

6.58%

5Y*

0.48%

10Y*

3.41%

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

The table below presents the monthly returns of PGX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20243.92%0.65%0.49%-4.24%2.61%0.37%0.93%3.87%3.48%-1.76%-0.26%7.05%
202313.71%-3.02%-5.47%2.03%-2.74%1.44%0.98%-1.48%-1.64%-5.52%9.84%2.75%9.49%
2022-3.97%-4.13%-0.53%-7.70%4.26%-4.17%6.33%-4.85%-3.50%-5.03%5.98%-5.00%-21.16%
2021-2.22%-1.34%3.17%0.87%0.55%1.94%-0.19%-0.26%-0.27%0.72%-2.48%2.78%3.15%
20200.95%-3.92%-8.37%8.46%1.65%-1.38%4.71%1.79%-0.87%-0.20%3.08%1.94%7.09%
20196.08%1.46%1.46%0.60%0.79%0.86%2.38%0.86%0.78%0.16%-1.04%2.13%17.64%
2018-2.24%1.38%0.54%-1.04%1.10%1.09%-0.01%1.36%-1.59%-1.70%-2.39%-0.48%-4.01%
20172.88%1.92%0.75%1.35%1.15%0.87%0.67%0.07%0.14%0.01%0.66%-0.42%10.48%
2016-0.39%-0.24%1.93%0.90%1.35%1.36%1.32%0.59%-1.23%-0.54%-4.27%0.24%0.87%
20151.59%0.56%0.76%-0.25%0.03%-0.86%1.68%-0.04%0.22%2.06%0.89%1.04%7.92%
20143.75%1.84%2.02%1.64%1.42%1.07%-0.94%2.11%-0.79%1.47%1.25%0.43%16.28%
20131.28%0.87%0.80%1.20%-1.44%-2.35%-0.87%-1.66%0.05%1.28%0.47%-1.93%-2.39%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PGX is 39, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of PGX is 3939
Overall Rank
The Sharpe Ratio Rank of PGX is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of PGX is 4040
Sortino Ratio Rank
The Omega Ratio Rank of PGX is 3939
Omega Ratio Rank
The Calmar Ratio Rank of PGX is 3434
Calmar Ratio Rank
The Martin Ratio Rank of PGX is 3939
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Invesco Preferred ETF (PGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for PGX, currently valued at 0.77, compared to the broader market0.002.004.000.772.10
The chart of Sortino ratio for PGX, currently valued at 1.11, compared to the broader market-2.000.002.004.006.008.0010.001.112.80
The chart of Omega ratio for PGX, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.141.39
The chart of Calmar ratio for PGX, currently valued at 0.49, compared to the broader market0.005.0010.0015.000.493.09
The chart of Martin ratio for PGX, currently valued at 2.93, compared to the broader market0.0020.0040.0060.0080.00100.002.9313.49
PGX
^GSPC

The current Invesco Preferred ETF Sharpe ratio is 0.77. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Invesco Preferred ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.77
2.10
PGX (Invesco Preferred ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Invesco Preferred ETF provided a 5.43% dividend yield over the last twelve months, with an annual payout of $0.63 per share.


5.00%5.50%6.00%6.50%$0.00$0.20$0.40$0.60$0.80$1.0020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.63$0.74$0.70$0.72$0.75$0.80$0.82$0.84$0.86$0.87$0.88$0.91

Dividend yield

5.43%6.42%6.29%4.82%4.89%5.30%6.08%5.66%6.02%5.84%5.98%6.78%

Monthly Dividends

The table displays the monthly dividend distributions for Invesco Preferred ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.06$0.06$0.06$0.06$0.06$0.05$0.06$0.06$0.06$0.06$0.06$0.00$0.63
2023$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.07$0.06$0.07$0.74
2022$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.70
2021$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.72
2020$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.75
2019$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.06$0.06$0.06$0.80
2018$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.82
2017$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.84
2016$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.86
2015$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.87
2014$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.88
2013$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.07$0.07$0.07$0.91

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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.87%
-2.62%
PGX (Invesco Preferred ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco Preferred ETF. 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 ETF was 66.42%, occurring on Mar 6, 2009. Recovery took 862 trading sessions.

The current Invesco Preferred ETF drawdown is 7.87%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-66.42%Feb 7, 2008272Mar 6, 2009862Aug 6, 20121134
-34.1%Feb 12, 202025Mar 18, 2020105Aug 17, 2020130
-24.67%Nov 8, 2021490Oct 19, 2023
-9.56%May 9, 201371Aug 19, 2013154Mar 31, 2014225
-8.05%Sep 4, 201880Dec 27, 201831Feb 12, 2019111

Volatility

Volatility Chart

The current Invesco Preferred ETF volatility is 2.36%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
2.36%
3.79%
PGX (Invesco Preferred ETF)
Benchmark (^GSPC)
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab