PFFD vs. PGF
Compare and contrast key facts about Global X U.S. Preferred ETF (PFFD) and Invesco Financial Preferred ETF (PGF).
PFFD and PGF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFFD is a passively managed fund by Global X that tracks the performance of the ICE BofAML Diversified Core U.S. Preferred Securities Index. It was launched on Sep 11, 2017. 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 PFFD 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.
Performance
PFFD vs. PGF - Performance Comparison
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PFFD vs. PGF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | -1.68% | 3.22% | 7.07% | 6.85% | -20.20% | 5.07% | 8.90% | 17.43% | -3.94% | 0.85% |
PGF Invesco Financial Preferred ETF | -1.24% | 3.40% | 6.01% | 7.73% | -19.22% | 2.65% | 7.23% | 14.55% | -2.82% | 0.96% |
Returns By Period
In the year-to-date period, PFFD achieves a -1.68% return, which is significantly lower than PGF's -1.24% return.
PFFD
- 1D
- 0.88%
- 1M
- -3.92%
- YTD
- -1.68%
- 6M
- -2.29%
- 1Y
- 2.93%
- 3Y*
- 3.89%
- 5Y*
- -0.52%
- 10Y*
- —
PGF
- 1D
- 0.16%
- 1M
- -3.40%
- YTD
- -1.24%
- 6M
- -2.95%
- 1Y
- 2.50%
- 3Y*
- 4.48%
- 5Y*
- -0.61%
- 10Y*
- 2.53%
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PFFD vs. PGF - Expense Ratio Comparison
PFFD has a 0.23% expense ratio, which is lower than PGF's 0.62% expense ratio.
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.
| PFFD | PGF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 0.33 | +0.02 |
Sortino ratioReturn per unit of downside risk | 0.54 | 0.50 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.06 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.41 | 0.00 |
Martin ratioReturn relative to average drawdown | 1.20 | 0.93 | +0.27 |
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
| PFFD | PGF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.33 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.05 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.15 | +0.02 |
Correlation
The correlation between PFFD and PGF is 0.84, 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.
Dividends
PFFD vs. PGF - Dividend Comparison
PFFD's dividend yield for the trailing twelve months is around 6.52%, more than PGF's 6.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 6.52% | 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 | 6.39% | 6.30% | 6.24% | 6.15% | 5.95% | 4.68% | 4.91% | 5.14% | 5.73% | 5.32% | 5.92% | 5.68% |
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 (5Y)Largest decline over 5 years | -24.45% | -23.41% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.92% | — |
Current DrawdownCurrent decline from peak | -7.42% | -6.26% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -7.03% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.07% | -0.03% |
Volatility
PFFD vs. PGF - Volatility Comparison
Global X U.S. Preferred ETF (PFFD) has a higher volatility of 2.94% compared to Invesco Financial Preferred ETF (PGF) at 2.26%. 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 | 2.94% | 2.26% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 5.61% | 4.39% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 7.69% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.95% | 11.35% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.84% | 11.99% | +0.85% |