IPPP vs. PGX

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and PGX (Invesco Preferred ETF) are both Preferred Stock/Convertible Bonds funds. IPPP is actively managed, while PGX is passively managed. IPPP charges 1.27%/yr vs 0.52%/yr for PGX.

Performance

IPPP vs. PGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and Invesco Preferred ETF (PGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IPPP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PGX

• 1D: -0.45%
• 1M: -0.99%
• YTD: -0.18%
• 6M: 0.04%
• 1Y: 5.73%
• 3Y*: 4.24%
• 5Y*: -0.74%
• 10Y*: 2.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IPPP vs. PGX - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
PGX Invesco Preferred ETF	-1.61%

IPPP vs. PGX - Sectors Allocation Comparison

Sectors	IPPP	PGX
Utilities	100.0%	8.2%
Basic Materials	-	0.1%
Communication Services	-	6.5%
Consumer Cyclical	-	1.9%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	70.9%
Healthcare	-	-
Industrials	-	0.8%
Real Estate	-	6.5%
Technology	-	-

Return for Risk

IPPP vs. PGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PGX

PGX Risk / Return Rank: 24
PGX Sharpe Ratio Rank: 26
PGX Sortino Ratio Rank: 26
PGX Omega Ratio Rank: 24
PGX Calmar Ratio Rank: 24
PGX Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IPPP vs. PGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IPPP	PGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.07	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.14	—

Drawdowns

IPPP vs. PGX - Drawdown Comparison

The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum PGX drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for IPPP and PGX.

Drawdown Indicators

	IPPP	PGX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-66.44%	+66.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.98%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.10%	—
Current Drawdown Current decline from peak	0.00%	-5.29%	+5.29%
Average Drawdown Average peak-to-trough decline	0.00%	-8.13%	+8.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.23%	—

Volatility

Volatility by Period

	IPPP	PGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	6.11%	-6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	11.11%	-11.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	13.02%	-13.02%

IPPP vs. PGX - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than PGX's 0.52% expense ratio.

Dividends

IPPP vs. PGX - Dividend Comparison

IPPP has not paid dividends to shareholders, while PGX's dividend yield for the trailing twelve months is around 6.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPPP Preferred-Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PGX Invesco Preferred ETF	6.23%	6.03%	5.95%	6.42%	6.29%	4.82%	4.89%	4.85%	6.09%	5.66%	6.02%	5.84%

Frequently Asked Questions

Which ETF is better, IPPP or PGX?

On fees, PGX is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPPP or PGX?

PGX is cheaper with a 0.52% expense ratio, compared with 1.27% for IPPP.

Which ETF pays a higher dividend yield, IPPP or PGX?

PGX has the higher dividend yield at 6.23%, compared with 0.00% for IPPP.

What is the main difference between IPPP and PGX?

They also come from different issuers: Innovative Portfolios and Invesco. Their fees differ too: 1.27% for IPPP and 0.52% for PGX.