- Issuer
- Invesco
- Inception Date
- Dec 10, 2018
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Invesco Preferred Shares UCITS ETF USD Acc
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
PRAC.L Performance Chart
Invesco Preferred Shares UCITS ETF USD Acc (PRAC.L) is down 0.6% since the beginning of the year. PRAC.L is currently trading at $46 per share. Investors who bought $1,000 worth of PRAC.L shares 5 years ago would now be looking at an investment worth $917.
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Returns By Period
Invesco Preferred Shares UCITS ETF USD Acc (PRAC.L) has returned -0.60% so far this year and 2.67% over the past 12 months.
Invesco Preferred Shares UCITS ETF USD Acc
- 1D
- -0.02%
- 1M
- -0.21%
- 6M
- -1.78%
- YTD
- -0.60%
- 1Y
- 2.67%
- 3Y*
- 3.67%
- 5Y*
- -1.71%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
PRAC.L Monthly Returns History
Based on dividend-adjusted daily data since Dec 10, 2018, PRAC.L's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jan 2023 with a return of +13.1%, while the worst month was Mar 2020 at -9.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PRAC.L closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +12.3%, while the worst single day was Mar 18, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.50% | 1.01% | -3.84% | 2.34% | -0.13% | -1.49% | 0.13% | -0.60% | |||||
| 2025 | 1.47% | 0.26% | -2.65% | -1.64% | -0.43% | 1.54% | 2.12% | 2.38% | 1.34% | -0.57% | -0.59% | -0.62% | 2.50% |
| 2024 | 3.08% | 0.18% | 1.65% | -4.57% | 1.51% | 0.86% | 1.19% | 3.74% | 3.44% | -1.61% | -0.84% | -3.59% | 4.73% |
| 2023 | 13.08% | -3.07% | -5.05% | 1.54% | -3.32% | 1.14% | 1.56% | -1.75% | -0.98% | -5.37% | 9.31% | 3.59% | 9.42% |
| 2022 | -4.63% | -3.34% | -0.75% | -7.10% | 3.57% | -3.91% | 5.10% | -3.51% | -3.78% | -4.67% | 3.42% | -3.55% | -21.50% |
| 2021 | -1.93% | -1.93% | 3.84% | 0.57% | 0.56% | 1.59% | 0.02% | 0.06% | -0.12% | 0.22% | -2.50% | 2.54% | 2.76% |
Benchmark Metrics
Invesco Preferred Shares UCITS ETF USD Acc has an annualized alpha of -1.27%, beta of 0.29, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since December 10, 2018.
- This ETF participated in 61.26% of S&P 500 Index downside but only 33.63% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.29 may look defensive, but with R2 of 0.17 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 0.17 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.
- Alpha
- -1.27%
- Beta
- 0.29
- R²
- 0.17
- Upside Capture
- 33.63%
- Downside Capture
- 61.26%
Expense Ratio
PRAC.L has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRAC.L ranks 14 for risk / return — in the bottom 14% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF USD Acc (PRAC.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRAC.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.31 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.35 | -1.93 |
| Martin ratioReturn relative to average drawdown | 0.83 | 10.19 | -9.36 |
Dividends
Dividend History
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 Shares UCITS ETF USD Acc. 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 Shares UCITS ETF USD Acc was 30.92%, occurring on Mar 23, 2020. Recovery took 102 trading sessions.
The current Invesco Preferred Shares UCITS ETF USD Acc drawdown is 9.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-30.92%Mar 2020 | 1mo 9d | 4mo 28d | 6mo 7dFeb 2020 - Aug 2020 | COVID crash2020 |
-25.91%Oct 2023 | 1y 11mo | — | 4y 8moNov 2021 - now | — |
-4.08%Feb 2021 | 2mo 5d | 1mo 9d | 3mo 14dDec 2020 - Apr 2021 | — |
-3.40%Oct 2020 | 18d | 18d | 1mo 6dOct 2020 - Nov 2020 | — |
-2.64%Sep 2020 | 7d | 11d | 18dSep 2020 - Oct 2020 | — |
Drawdown Indicators
| PRAC.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.92% | -56.78% | +25.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -9.10% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -12.52% | -18.90% | +6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -25.43% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -9.17% | -0.49% | -8.68% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -10.70% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.09% | +1.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with PRAC.L
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