FFC vs. PGX
Compare and contrast key facts about Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) and Invesco Preferred ETF (PGX).
PGX is a passively managed fund by Invesco that tracks the performance of the BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. It was launched on Jan 31, 2008.
Performance
FFC vs. PGX - Performance Comparison
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FFC vs. PGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFC Flaherty & Crumrine Preferred Securities Income Fund Inc. | -3.68% | 14.30% | 20.06% | -0.28% | -25.21% | -0.81% | 15.93% | 38.76% | -11.89% | 16.63% |
PGX Invesco Preferred ETF | -0.88% | 3.48% | 6.53% | 9.48% | -21.16% | 3.15% | 7.09% | 17.09% | -4.01% | 10.48% |
Returns By Period
In the year-to-date period, FFC achieves a -3.68% return, which is significantly lower than PGX's -0.88% return. Over the past 10 years, FFC has outperformed PGX with an annualized return of 4.77%, while PGX has yielded a comparatively lower 2.68% annualized return.
FFC
- 1D
- 0.77%
- 1M
- -5.18%
- YTD
- -3.68%
- 6M
- -3.62%
- 1Y
- 5.37%
- 3Y*
- 12.00%
- 5Y*
- -0.87%
- 10Y*
- 4.77%
PGX
- 1D
- 0.83%
- 1M
- -3.11%
- YTD
- -0.88%
- 6M
- -3.59%
- 1Y
- 3.48%
- 3Y*
- 4.70%
- 5Y*
- -0.47%
- 10Y*
- 2.68%
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Return for Risk
FFC vs. PGX — Risk / Return Rank
FFC
PGX
FFC vs. PGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) and Invesco Preferred ETF (PGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FFC | PGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.49 | -0.07 |
Sortino ratioReturn per unit of downside risk | 0.61 | 0.73 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 0.77 | -0.24 |
Martin ratioReturn relative to average drawdown | 1.96 | 1.78 | +0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFC | PGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.49 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | -0.04 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.21 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.14 | +0.11 |
Correlation
The correlation between FFC and PGX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FFC vs. PGX - Dividend Comparison
FFC's dividend yield for the trailing twelve months is around 7.65%, more than PGX's 6.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFC Flaherty & Crumrine Preferred Securities Income Fund Inc. | 7.65% | 7.08% | 6.97% | 7.54% | 9.11% | 7.03% | 6.18% | 6.27% | 8.21% | 7.29% | 8.62% | 8.14% |
PGX Invesco Preferred ETF | 6.20% | 6.03% | 5.95% | 6.42% | 6.29% | 4.82% | 4.89% | 4.85% | 6.09% | 5.66% | 6.02% | 5.84% |
Drawdowns
FFC vs. PGX - Drawdown Comparison
The maximum FFC drawdown since its inception was -77.72%, which is greater than PGX's maximum drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for FFC and PGX.
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Drawdown Indicators
| FFC | PGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.72% | -66.44% | -11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -4.98% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -39.57% | -24.67% | -14.90% |
Max Drawdown (10Y)Largest decline over 10 years | -54.06% | -34.10% | -19.96% |
Current DrawdownCurrent decline from peak | -6.53% | -5.97% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -8.17% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.16% | +0.64% |
Volatility
FFC vs. PGX - Volatility Comparison
Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) has a higher volatility of 5.88% compared to Invesco Preferred ETF (PGX) at 2.48%. This indicates that FFC's price experiences larger fluctuations and is considered to be riskier than PGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFC | PGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 2.48% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 4.27% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 7.14% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.36% | 11.07% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 13.00% | +9.74% |