GPRF vs. PGF
Compare and contrast key facts about Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) and Invesco Financial Preferred ETF (PGF).
GPRF and PGF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GPRF is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs US Preferred Stock and Hybrids Index. It was launched on Jul 30, 2024. PGF is a passively managed fund by Invesco that tracks the performance of the Wachovia Hybrid & Preferred Securities Financial Index. It was launched on Dec 1, 2006. Both GPRF and PGF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GPRF vs. PGF - Performance Comparison
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GPRF vs. PGF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | -0.71% | 6.17% | 2.34% |
PGF Invesco Financial Preferred ETF | -1.24% | 3.40% | 0.06% |
Returns By Period
In the year-to-date period, GPRF achieves a -0.71% return, which is significantly higher than PGF's -1.24% return.
GPRF
- 1D
- 0.23%
- 1M
- -2.45%
- YTD
- -0.71%
- 6M
- -0.58%
- 1Y
- 4.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PGF
- 1D
- 0.16%
- 1M
- -3.40%
- YTD
- -1.24%
- 6M
- -2.95%
- 1Y
- 2.50%
- 3Y*
- 4.48%
- 5Y*
- -0.61%
- 10Y*
- 2.53%
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GPRF vs. PGF - Expense Ratio Comparison
GPRF has a 0.45% expense ratio, which is lower than PGF's 0.62% expense ratio.
Return for Risk
GPRF vs. PGF — Risk / Return Rank
GPRF
PGF
GPRF vs. PGF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) and Invesco Financial Preferred ETF (PGF). 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.
| GPRF | PGF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 0.33 | +0.86 |
Sortino ratioReturn per unit of downside risk | 1.64 | 0.50 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.06 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.41 | +0.67 |
Martin ratioReturn relative to average drawdown | 4.94 | 0.93 | +4.01 |
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
| GPRF | PGF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 0.33 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.15 | +1.02 |
Correlation
The correlation between GPRF and PGF is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GPRF vs. PGF - Dividend Comparison
GPRF's dividend yield for the trailing twelve months is around 5.53%, less than PGF's 6.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GPRF Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF | 5.53% | 5.38% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGF Invesco Financial Preferred ETF | 6.39% | 6.30% | 6.24% | 6.15% | 5.95% | 4.68% | 4.91% | 5.14% | 5.73% | 5.32% | 5.92% | 5.68% |
Drawdowns
GPRF vs. PGF - Drawdown Comparison
The maximum GPRF drawdown since its inception was -4.36%, smaller than the maximum PGF drawdown of -75.69%. Use the drawdown chart below to compare losses from any high point for GPRF and PGF.
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Drawdown Indicators
| GPRF | PGF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.36% | -75.69% | +71.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -4.69% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.92% | — |
Current DrawdownCurrent decline from peak | -2.78% | -6.26% | +3.48% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -7.03% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.07% | -1.15% |
Volatility
GPRF vs. PGF - Volatility Comparison
Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) and Invesco Financial Preferred ETF (PGF) have volatilities of 2.34% and 2.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPRF | PGF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 2.26% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 4.39% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 7.69% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 11.35% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 11.99% | -7.96% |