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Invesco Preferred ETF (PGX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS73936T5653
CUSIP73936T565
IssuerInvesco
Inception DateJan 31, 2008
RegionNorth America (U.S.)
CategoryPreferred Stock/Convertible Bonds
Index TrackedBofA Merrill Lynch Core Fixed Rate Preferred Securities Index
Home Pagewww.invesco.com
Asset ClassPreferred Stock

Asset Class Size

Micro-Cap

Asset Class Style

Blend

Expense Ratio

The Invesco Preferred ETF has a high expense ratio of 0.52%, indicating higher-than-average management fees.


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


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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.


Invesco Preferred ETF

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

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%5.00%10.00%15.00%20.00%25.00%NovemberDecember2024FebruaryMarchApril
15.47%
22.59%
PGX (Invesco Preferred ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Invesco Preferred ETF had a return of 2.41% year-to-date (YTD) and 6.53% in the last 12 months. Over the past 10 years, Invesco Preferred ETF had an annualized return of 3.50%, while the S&P 500 had an annualized return of 10.46%, indicating that Invesco Preferred ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date2.41%5.84%
1 month-2.88%-2.98%
6 months15.46%22.02%
1 year6.53%24.47%
5 years (annualized)0.95%11.44%
10 years (annualized)3.50%10.46%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20243.92%0.64%0.49%
2023-1.64%-5.52%9.84%2.75%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PGX is 31, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

The Risk-Adjusted Performance Rank of PGX is 3131
Invesco Preferred ETF(PGX)
The Sharpe Ratio Rank of PGX is 3131Sharpe Ratio Rank
The Sortino Ratio Rank of PGX is 3030Sortino Ratio Rank
The Omega Ratio Rank of PGX is 3131Omega Ratio Rank
The Calmar Ratio Rank of PGX is 2929Calmar Ratio Rank
The Martin Ratio Rank of PGX is 3434Martin 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.


PGX
Sharpe ratio
The chart of Sharpe ratio for PGX, currently valued at 0.45, compared to the broader market-1.000.001.002.003.004.000.45
Sortino ratio
The chart of Sortino ratio for PGX, currently valued at 0.71, compared to the broader market-2.000.002.004.006.008.000.71
Omega ratio
The chart of Omega ratio for PGX, currently valued at 1.09, compared to the broader market1.001.502.001.09
Calmar ratio
The chart of Calmar ratio for PGX, currently valued at 0.21, compared to the broader market0.002.004.006.008.0010.000.21
Martin ratio
The chart of Martin ratio for PGX, currently valued at 1.57, compared to the broader market0.0010.0020.0030.0040.0050.0060.001.57
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.05, compared to the broader market-1.000.001.002.003.004.002.05
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.98, compared to the broader market-2.000.002.004.006.008.002.98
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.36, compared to the broader market1.001.502.001.36
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.55, compared to the broader market0.002.004.006.008.0010.001.55
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.05, compared to the broader market0.0010.0020.0030.0040.0050.0060.008.05

Sharpe Ratio

The current Invesco Preferred ETF Sharpe ratio is 0.45. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2024FebruaryMarchApril
0.45
1.91
PGX (Invesco Preferred ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Invesco Preferred ETF granted a 6.26% dividend yield in the last twelve months. The annual payout for that period amounted to $0.72 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.72$0.74$0.70$0.72$0.75$0.80$0.82$0.84$0.76$0.87$0.88$0.91

Dividend yield

6.26%6.42%6.29%4.82%4.89%5.31%6.09%5.66%5.31%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.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.06$0.06$0.06
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
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
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
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
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
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
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
2016$0.07$0.07$0.02$0.02$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07
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
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
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

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril
-11.85%
-3.48%
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 66.43%, occurring on Mar 6, 2009. Recovery took 862 trading sessions.

The current Invesco Preferred ETF drawdown is 11.85%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-66.43%Feb 7, 2008272Mar 6, 2009862Aug 6, 20121134
-34.1%Feb 12, 202025Mar 18, 2020105Aug 17, 2020130
-24.66%Nov 8, 2021490Oct 19, 2023
-9.56%May 9, 201371Aug 19, 2013154Mar 31, 2014225
-8.05%Sep 4, 201878Dec 24, 201833Feb 12, 2019111

Volatility

Volatility Chart

The current Invesco Preferred ETF volatility is 3.44%, 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%NovemberDecember2024FebruaryMarchApril
3.44%
3.59%
PGX (Invesco Preferred ETF)
Benchmark (^GSPC)