Invesco Preferred ETF (PGX)
PGX is a passive ETF by Invesco tracking the investment results of the BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. PGX launched on Jan 31, 2008 and has a 0.52% expense ratio.
ETF Info
| ISIN | US73936T5653 |
|---|---|
| CUSIP | 73936T565 |
| Issuer | Invesco |
| Inception Date | Jan 31, 2008 |
| Region | North America (U.S.) |
| Category | Preferred Stock/Convertible Bonds |
| Leveraged | 1x |
| Index Tracked | BofA Merrill Lynch Core Fixed Rate Preferred Securities Index |
| Home Page | www.invesco.com |
| 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.
Share Price Chart
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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
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.
Returns By Period
Invesco Preferred ETF had a return of 10.27% year-to-date (YTD) and 15.56% in the last 12 months. Over the past 10 years, Invesco Preferred ETF had an annualized return of 3.72%, while the S&P 500 had an annualized return of 11.39%, indicating that Invesco Preferred ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.27% | 25.48% |
| 1 month | -2.56% | 2.14% |
| 6 months | 6.47% | 12.76% |
| 1 year | 15.56% | 33.14% |
| 5 years (annualized) | 1.31% | 13.96% |
| 10 years (annualized) | 3.72% | 11.39% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.92% | 0.64% | 0.49% | -4.24% | 2.61% | 0.37% | 0.93% | 3.87% | 3.48% | -1.76% | 10.27% | ||
| 2023 | 13.71% | -3.02% | -5.47% | 2.02% | -2.73% | 1.44% | 0.98% | -1.48% | -1.64% | -5.52% | 9.84% | 2.75% | 9.49% |
| 2022 | -3.96% | -4.13% | -0.53% | -7.69% | 4.26% | -4.18% | 6.33% | -4.85% | -3.49% | -5.04% | 5.99% | -5.00% | -21.16% |
| 2021 | -2.22% | -1.34% | 3.17% | 0.88% | 0.55% | 1.94% | -0.19% | -0.26% | -0.27% | 0.72% | -2.48% | 2.78% | 3.15% |
| 2020 | 0.95% | -3.92% | -8.37% | 8.46% | 1.65% | -1.37% | 4.71% | 1.79% | -0.87% | -0.20% | 3.08% | 1.95% | 7.09% |
| 2019 | 6.08% | 1.46% | 1.45% | 0.60% | 0.79% | 0.87% | 2.38% | 0.86% | 0.78% | 0.16% | -1.04% | 2.13% | 17.65% |
| 2018 | -2.24% | 1.39% | 0.54% | -1.04% | 1.10% | 1.09% | -0.01% | 1.36% | -1.59% | -1.70% | -2.39% | -0.48% | -4.01% |
| 2017 | 2.88% | 1.92% | 0.75% | 1.35% | 1.14% | 0.87% | 0.67% | 0.07% | 0.14% | 0.01% | 0.66% | -0.42% | 10.48% |
| 2016 | -0.39% | -0.23% | 1.93% | 0.90% | 1.35% | 1.36% | 1.32% | 0.59% | -1.23% | -0.54% | -4.26% | 0.24% | 0.86% |
| 2015 | 1.59% | 0.56% | 0.76% | -0.25% | 0.03% | -0.86% | 1.68% | -0.05% | 0.22% | 2.06% | 0.89% | 1.04% | 7.93% |
| 2014 | 3.75% | 1.83% | 2.02% | 1.64% | 1.42% | 1.06% | -0.94% | 2.11% | -0.79% | 1.47% | 1.25% | 0.43% | 16.28% |
| 2013 | 1.28% | 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 51, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
Invesco Preferred ETF provided a 5.83% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.74 | $0.70 | $0.72 | $0.75 | $0.80 | $0.82 | $0.84 | $0.86 | $0.87 | $0.88 | $0.91 |
Dividend yield | 5.83% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.57 | |
| 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.
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 66.43%, occurring on Mar 6, 2009. Recovery took 862 trading sessions.
The current Invesco Preferred ETF drawdown is 5.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.43% | Feb 7, 2008 | 272 | Mar 6, 2009 | 862 | Aug 6, 2012 | 1134 |
| -34.1% | Feb 12, 2020 | 25 | Mar 18, 2020 | 105 | Aug 17, 2020 | 130 |
| -24.66% | Nov 8, 2021 | 490 | Oct 19, 2023 | — | — | — |
| -9.55% | May 9, 2013 | 71 | Aug 19, 2013 | 154 | Mar 31, 2014 | 225 |
| -8.05% | Sep 4, 2018 | 78 | Dec 24, 2018 | 33 | Feb 12, 2019 | 111 |
Volatility
Volatility Chart
The current Invesco Preferred ETF volatility is 3.43%, 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.