Invesco Preferred ETF (PGX)

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Invesco Preferred ETF (PGX) is down 0.6% since the beginning of the year. PGX is currently trading at $11 per share. Investors who bought $1,000 worth of PGX shares 5 years ago would now be looking at an investment worth $951.

Invesco Preferred ETF (PGX) has returned -0.55% so far this year and 4.48% over the past 12 months. Over the last ten years, PGX has returned 2.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 31, 2008, PGX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 63% of months were positive and 37% were negative. The best month was Mar 2009 with a return of +18.3%, while the worst month was Sep 2008 at -26.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, PGX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +22.5%, while the worst single day was Mar 18, 2020 at -19.9%.

Invesco Preferred ETF has an annualized alpha of -0.66%, beta of 0.49, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since January 31, 2008.

• This ETF participated in 61.69% of S&P 500 Index downside but only 41.89% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.49 may look defensive, but with R2 of 0.23 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 0.23 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.

PGX has an expense ratio of 0.52%, placing it in the medium range.

PGX ranks 20 for risk / return — in the bottom 20% 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.

Invesco Preferred ETF provided a 6.73% dividend yield over the last twelve months, with an annual payout of $0.73 per share.

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.

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.

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 66.44%, occurring on Mar 6, 2009. Recovery took 862 trading sessions.

The current Invesco Preferred ETF drawdown is 5.65%.

The chart below shows the rolling one-month volatility.