PFFA vs. PGX
Compare and contrast key facts about Virtus InfraCap U.S. Preferred Stock ETF (PFFA) and Invesco Preferred ETF (PGX).
PFFA and PGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFFA is an actively managed fund by Virtus Investment Partners. It was launched on May 15, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFFA or PGX.
Performance
PFFA vs. PGX - Performance Comparison
Returns By Period
In the year-to-date period, PFFA achieves a 17.89% return, which is significantly higher than PGX's 9.80% return.
PFFA
17.89%
-1.36%
13.49%
30.93%
6.65%
N/A
PGX
9.80%
-2.69%
8.11%
15.92%
1.28%
3.68%
Key characteristics
| PFFA | PGX | |
|---|---|---|
| Sharpe Ratio | 3.51 | 1.61 |
| Sortino Ratio | 4.89 | 2.31 |
| Omega Ratio | 1.71 | 1.29 |
| Calmar Ratio | 3.07 | 0.82 |
| Martin Ratio | 28.00 | 7.43 |
| Ulcer Index | 1.09% | 2.04% |
| Daily Std Dev | 8.67% | 9.45% |
| Max Drawdown | -70.52% | -66.42% |
| Current Drawdown | -2.10% | -5.50% |
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PFFA vs. PGX - Expense Ratio Comparison
PFFA has a 1.47% expense ratio, which is higher than PGX's 0.52% expense ratio.
Correlation
The correlation between PFFA and PGX is 0.70, 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.
Risk-Adjusted Performance
PFFA vs. PGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus InfraCap U.S. Preferred Stock ETF (PFFA) 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.
Dividends
PFFA vs. PGX - Dividend Comparison
PFFA's dividend yield for the trailing twelve months is around 8.99%, more than PGX's 5.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 8.99% | 9.56% | 10.78% | 7.64% | 8.54% | 10.02% | 5.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGX Invesco Preferred ETF | 5.87% | 6.42% | 6.29% | 4.82% | 4.89% | 5.30% | 6.08% | 5.66% | 6.02% | 5.84% | 5.98% | 6.78% |
Drawdowns
PFFA vs. PGX - Drawdown Comparison
The maximum PFFA drawdown since its inception was -70.52%, which is greater than PGX's maximum drawdown of -66.42%. Use the drawdown chart below to compare losses from any high point for PFFA and PGX. For additional features, visit the drawdowns tool.
Volatility
PFFA vs. PGX - Volatility Comparison
The current volatility for Virtus InfraCap U.S. Preferred Stock ETF (PFFA) is 2.18%, while Invesco Preferred ETF (PGX) has a volatility of 3.07%. This indicates that PFFA experiences smaller price fluctuations and is considered to be less risky than PGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.