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
US73936T5653
73936T565
Jan 31, 2008
North America (U.S.)
1x
BofA Merrill Lynch Core Fixed Rate Preferred Securities Index
Micro-Cap
Blend
Expense Ratio
PGX has an expense ratio of 0.52%, placing it in 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.
Performance
Performance Chart
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Returns By Period
Invesco Preferred ETF (PGX) returned -2.07% year-to-date (YTD) and 0.73% over the past 12 months. Over the past 10 years, PGX returned 2.81% annually, underperforming the S&P 500 benchmark at 10.79%.
PGX
-2.07%
2.64%
-5.07%
0.73%
1.11%
2.81%
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.68% | 1.61% | -3.47% | -1.20% | 0.36% | -2.07% | |||||||
| 2024 | 3.91% | 0.64% | 0.49% | -4.24% | 2.61% | 0.37% | 0.93% | 3.87% | 3.48% | -1.76% | -0.27% | -3.29% | 6.53% |
| 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% | -0.86% | -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% | -1.03% | 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% | -0.24% | 1.93% | 0.90% | 1.35% | 1.36% | 1.32% | 0.59% | -1.23% | -0.54% | -4.26% | 0.24% | 0.87% |
| 2015 | 1.59% | 0.56% | 0.76% | -0.25% | 0.03% | -0.86% | 1.68% | -0.05% | 0.22% | 2.07% | 0.89% | 1.04% | 7.92% |
| 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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PGX is 22, meaning it’s performing worse than 78% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Invesco Preferred ETF provided a 6.18% dividend yield over the last twelve months, with an annual payout of $0.68 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.69 | $0.74 | $0.70 | $0.72 | $0.75 | $0.80 | $0.82 | $0.84 | $0.86 | $0.87 | $0.88 |
Dividend yield | 6.18% | 5.95% | 6.42% | 6.29% | 4.82% | 4.89% | 5.31% | 6.09% | 5.66% | 6.02% | 5.84% | 5.98% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.06 | $0.06 | $0.06 | $0.05 | $0.00 | $0.23 | |||||||
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.69 |
| 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 |
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 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 66.40%, occurring on Mar 6, 2009. Recovery took 862 trading sessions.
The current Invesco Preferred ETF drawdown is 10.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.4% | 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 | — | — | — |
| -9.56% | 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 chart below shows the rolling one-month volatility.
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