PFFD vs. PGF
PFFD (Global X U.S. Preferred ETF) and PGF (Invesco Financial Preferred ETF) are both Preferred Stock funds - PFFD tracks the ICE BofA Diversified Core U.S. Preferred Securities Index while PGF tracks the Wachovia Hybrid & Preferred Securities Financial Index. Both are passively managed. Over the past 5 years, PFFD returned -0.75%/yr vs -0.97%/yr for PGF. Their correlation of 0.83 means they have usually moved in the same direction. PFFD charges 0.23%/yr vs 0.62%/yr for PGF.
Performance
PFFD vs. PGF - Performance Comparison
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Returns By Period
In the year-to-date period, PFFD achieves a 1.09% return, which is significantly higher than PGF's -0.42% return.
PFFD
- 1D
- 0.00%
- 1M
- -0.32%
- 6M
- -1.56%
- YTD
- 1.09%
- 1Y
- 3.11%
- 3Y*
- 4.85%
- 5Y*
- -0.75%
- 10Y*
- —
- ALL TIME*
- 2.43%
PGF
- 1D
- 0.15%
- 1M
- -0.77%
- 6M
- -2.16%
- YTD
- -0.42%
- 1Y
- 1.28%
- 3Y*
- 4.33%
- 5Y*
- -0.97%
- 10Y*
- 2.07%
- ALL TIME*
- 3.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.88M | $14.42M | $12.01M | |
| $1.98M | $1.71M | $1.81M |
PFFD vs. PGF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 1.09% | 3.22% | 7.07% | 6.85% | -20.20% | 5.07% | 8.90% | 17.43% | -3.94% | 0.69% |
PGF Invesco Financial Preferred ETF | -0.42% | 3.40% | 6.01% | 7.73% | -19.22% | 2.65% | 7.23% | 14.55% | -2.82% | 0.96% |
Correlation
The correlation between PFFD and PGF is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017 | 0.83 |
The correlation between PFFD and PGF shifts across timeframes, from 0.76 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PFFD vs. PGF — Risk / Return Rank
PFFD
PGF
PFFD vs. PGF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Preferred ETF (PFFD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFFD | PGF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 0.29 | +0.22 |
| Martin ratioReturn relative to average drawdown | 1.39 | 0.52 | +0.87 |
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Drawdowns
PFFD vs. PGF - Drawdown Comparison
The maximum PFFD drawdown since its inception was -30.93%, smaller than the maximum PGF drawdown of -75.69%. Use the drawdown chart below to compare losses from any high point for PFFD and PGF.
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Drawdown Indicators
| PFFD | PGF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.93% | -75.69% | +44.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.97% | -4.69% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.84% | -10.87% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.45% | -23.40% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.92% | — |
Current DrawdownCurrent decline from peak | -4.81% | -5.47% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -6.99% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.60% | -0.43% |
Volatility
PFFD vs. PGF - Volatility Comparison
Global X U.S. Preferred ETF (PFFD) has a higher volatility of 2.54% compared to Invesco Financial Preferred ETF (PGF) at 1.13%. This indicates that PFFD's price experiences larger fluctuations and is considered to be riskier than PGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFFD | PGF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 1.13% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.69% | 3.97% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 5.93% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 11.37% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.68% | 12.00% | +0.68% |
PFFD vs. PGF - Expense Ratio Comparison
PFFD has a 0.23% expense ratio, which is lower than PGF's 0.62% expense ratio.
Dividends
PFFD vs. PGF - Dividend Comparison
PFFD's dividend yield for the trailing twelve months is around 6.48%, which matches PGF's 6.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 5.94% | 6.37% | 6.42% | 6.49% | 6.63% | 5.09% | 5.17% | 5.48% | 6.21% | 1.94% | 0.00% | 0.00% |
PGF Invesco Financial Preferred ETF | 6.42% | 6.30% | 6.24% | 6.15% | 5.95% | 4.68% | 4.91% | 5.14% | 5.73% | 5.32% | 5.92% | 5.68% |
Frequently Asked Questions
PFFD and PGF have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFFD has higher volatility (2.54%) compared to PGF (1.13%). In terms of maximum drawdown, PFFD dropped -30.93% vs PGF's -75.69%.
On 5-year performance, PFFD leads with -0.75% vs -0.97% for PGF. On fees, PFFD is cheaper at 0.23% per year. On volatility, PGF has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFFD has performed better with a -0.75% return vs -0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFFD is cheaper with a 0.23% expense ratio, compared with 0.62% for PGF.
PGF has the higher dividend yield at 6.42%, compared with 5.94% for PFFD.
PFFD tracks ICE BofA Diversified Core U.S. Preferred Securities Index, while PGF tracks Wachovia Hybrid & Preferred Securities Financial Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.23% for PFFD and 0.62% for PGF.
PFFD currently has the higher Sharpe Ratio (0.41 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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