PFXF vs. PGX
Compare and contrast key facts about VanEck Vectors Preferred Securities ex Financials ETF (PFXF) and Invesco Preferred ETF (PGX).
PFXF and PGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFXF is a passively managed fund by VanEck that tracks the performance of the Wells Fargo Hybrid and Preferred Securities ex Financials Index. It was launched on Jul 16, 2012. 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. Both PFXF and PGX 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: PFXF or PGX.
Key characteristics
| PFXF | PGX | |
|---|---|---|
| YTD Return | 2.66% | 2.15% |
| 1Y Return | 9.18% | 11.27% |
| 3Y Return (Ann) | -0.10% | -3.35% |
| 5Y Return (Ann) | 3.91% | 0.80% |
| 10Y Return (Ann) | 4.24% | 3.34% |
| Sharpe Ratio | 0.92 | 0.98 |
| Daily Std Dev | 9.93% | 11.19% |
| Max Drawdown | -35.49% | -66.43% |
| Current Drawdown | -7.35% | -12.08% |
Correlation
The correlation between PFXF and PGX is 0.68, 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.
Performance
PFXF vs. PGX - Performance Comparison
In the year-to-date period, PFXF achieves a 2.66% return, which is significantly higher than PGX's 2.15% return. Over the past 10 years, PFXF has outperformed PGX with an annualized return of 4.24%, while PGX has yielded a comparatively lower 3.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PFXF vs. PGX - Expense Ratio Comparison
PFXF has a 0.41% expense ratio, which is lower than PGX's 0.52% expense ratio.
Risk-Adjusted Performance
PFXF vs. PGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Preferred Securities ex Financials ETF (PFXF) 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
PFXF vs. PGX - Dividend Comparison
PFXF's dividend yield for the trailing twelve months is around 7.75%, more than PGX's 6.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 7.75% | 7.88% | 6.74% | 4.66% | 5.19% | 5.34% | 6.56% | 5.93% | 5.81% | 5.99% | 5.91% | 6.51% |
PGX Invesco Preferred ETF | 6.28% | 6.42% | 6.29% | 4.82% | 4.89% | 5.31% | 6.09% | 5.66% | 5.31% | 5.84% | 5.98% | 6.78% |
Drawdowns
PFXF vs. PGX - Drawdown Comparison
The maximum PFXF drawdown since its inception was -35.49%, smaller than the maximum PGX drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for PFXF and PGX. For additional features, visit the drawdowns tool.
Volatility
PFXF vs. PGX - Volatility Comparison
The current volatility for VanEck Vectors Preferred Securities ex Financials ETF (PFXF) is 3.81%, while Invesco Preferred ETF (PGX) has a volatility of 4.16%. This indicates that PFXF 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.