PCEF vs. THRV
PCEF (Invesco CEF Income Composite ETF) and THRV (Prospera Income ETF) are both Diversified Portfolio funds. PCEF is passively managed, while THRV is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. PCEF charges 2.71%/yr vs 1.80%/yr for THRV.
Performance
PCEF vs. THRV - Performance Comparison
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Returns By Period
In the year-to-date period, PCEF achieves a 4.88% return, which is significantly higher than THRV's 1.86% return.
PCEF
- 1D
- -0.74%
- 1M
- 2.15%
- YTD
- 4.88%
- 6M
- 5.42%
- 1Y
- 14.12%
- 3Y*
- 13.61%
- 5Y*
- 4.82%
- 10Y*
- 7.33%
THRV
- 1D
- -0.38%
- 1M
- 0.32%
- YTD
- 1.86%
- 6M
- 1.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PCEF vs. THRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PCEF Invesco CEF Income Composite ETF | 4.88% | 1.55% |
THRV Prospera Income ETF | 1.86% | 0.16% |
Correlation
The correlation between PCEF and THRV is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.65 |
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Return for Risk
PCEF vs. THRV — Risk / Return Rank
PCEF
THRV
PCEF vs. THRV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CEF Income Composite ETF (PCEF) and Prospera Income ETF (THRV). 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.
| PCEF | THRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | — | — |
| Martin ratioReturn relative to average drawdown | 8.00 | — | — |
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
| PCEF | THRV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.04 | -0.47 |
Drawdowns
PCEF vs. THRV - Drawdown Comparison
The maximum PCEF drawdown since its inception was -38.64%, which is greater than THRV's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for PCEF and THRV.
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Drawdown Indicators
| PCEF | THRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -1.50% | -37.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.64% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.51% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -0.44% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | — | — |
Volatility
PCEF vs. THRV - Volatility Comparison
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Volatility by Period
| PCEF | THRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.61% | 2.92% | +5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 2.92% | +8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.29% | 2.92% | +10.37% |
PCEF vs. THRV - Expense Ratio Comparison
PCEF has a 2.71% expense ratio, which is higher than THRV's 1.80% expense ratio.
Dividends
PCEF vs. THRV - Dividend Comparison
PCEF's dividend yield for the trailing twelve months is around 7.73%, more than THRV's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCEF Invesco CEF Income Composite ETF | 7.73% | 7.96% | 8.79% | 9.86% | 8.93% | 6.67% | 7.54% | 7.12% | 8.21% | 6.96% | 7.72% | 9.18% |
THRV Prospera Income ETF | 4.71% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCEF and THRV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, THRV is cheaper at 1.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
THRV is cheaper with a 1.80% expense ratio, compared with 2.71% for PCEF.
PCEF has the higher dividend yield at 7.73%, compared with 4.71% for THRV.
They also come from different issuers: Invesco and Prospera Funds. Their fees differ too: 2.71% for PCEF and 1.80% for THRV.
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