PFF vs. PGF
Compare and contrast key facts about iShares Preferred and Income Securities ETF (PFF) and Invesco Financial Preferred ETF (PGF).
PFF and PGF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. It was launched on Mar 30, 2007. 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 PFF 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFF or PGF.
Performance
PFF vs. PGF - Performance Comparison
Returns By Period
In the year-to-date period, PFF achieves a 9.97% return, which is significantly higher than PGF's 8.97% return. Both investments have delivered pretty close results over the past 10 years, with PFF having a 3.66% annualized return and PGF not far behind at 3.65%.
PFF
9.97%
-2.20%
6.10%
15.13%
2.86%
3.66%
PGF
8.97%
-4.02%
4.89%
13.20%
1.21%
3.65%
Key characteristics
| PFF | PGF | |
|---|---|---|
| Sharpe Ratio | 1.90 | 1.39 |
| Sortino Ratio | 2.66 | 1.97 |
| Omega Ratio | 1.35 | 1.26 |
| Calmar Ratio | 0.97 | 0.77 |
| Martin Ratio | 10.32 | 7.05 |
| Ulcer Index | 1.48% | 1.90% |
| Daily Std Dev | 8.03% | 9.61% |
| Max Drawdown | -65.55% | -75.69% |
| Current Drawdown | -2.28% | -5.64% |
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PFF vs. PGF - Expense Ratio Comparison
PFF has a 0.46% expense ratio, which is lower than PGF's 0.62% expense ratio.
Correlation
The correlation between PFF and PGF is 0.79, 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.
Risk-Adjusted Performance
PFF vs. PGF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) 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.
Dividends
PFF vs. PGF - Dividend Comparison
PFF's dividend yield for the trailing twelve months is around 6.17%, less than PGF's 6.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFF iShares Preferred and Income Securities ETF | 6.17% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.31% | 5.59% | 5.85% | 5.77% | 6.32% | 6.61% |
PGF Invesco Financial Preferred ETF | 5.69% | 6.14% | 5.97% | 4.67% | 4.90% | 5.14% | 5.74% | 5.32% | 5.92% | 5.60% | 5.92% | 6.63% |
Drawdowns
PFF vs. PGF - Drawdown Comparison
The maximum PFF drawdown since its inception was -65.55%, smaller than the maximum PGF drawdown of -75.69%. Use the drawdown chart below to compare losses from any high point for PFF and PGF. For additional features, visit the drawdowns tool.
Volatility
PFF vs. PGF - Volatility Comparison
The current volatility for iShares Preferred and Income Securities ETF (PFF) is 2.74%, while Invesco Financial Preferred ETF (PGF) has a volatility of 3.49%. This indicates that PFF experiences smaller price fluctuations and is considered to be less risky than PGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.