Invesco Preferred ETF (PGX)

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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.

Invesco Preferred ETF (PGX) has returned -1.70% so far this year and 3.00% over the past 12 months. Over the last ten years, PGX has returned 2.60% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% 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, your 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 -0.35%, beta of 0.49, and R² of 0.23 versus S&P 500 Index. Calculated based on daily prices since February 01, 2008.

• This ETF participated in 61.67% of S&P 500 Index downside but only 43.09% 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 21 for risk / return — below 21% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Invesco Preferred ETF (PGX) and compare them to a chosen benchmark (S&P 500 Index).

Invesco Preferred ETF provided a 6.25% dividend yield over the last twelve months, with an annual payout of $0.68 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 6.74%.

The chart below shows the rolling one-month volatility.