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.
Correlation
The correlation between PFXF and PGX is 0.70, 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.
Performance
PFXF vs. PGX - Performance Comparison
Key characteristics
PFXF:
0.06
PGX:
0.02
PFXF:
0.14
PGX:
0.09
PFXF:
1.02
PGX:
1.01
PFXF:
0.05
PGX:
0.01
PFXF:
0.25
PGX:
0.04
PFXF:
2.25%
PGX:
3.60%
PFXF:
8.76%
PGX:
9.68%
PFXF:
-35.49%
PGX:
-66.40%
PFXF:
-7.65%
PGX:
-10.01%
Returns By Period
In the year-to-date period, PFXF achieves a -4.31% return, which is significantly lower than PGX's -1.86% return. Over the past 10 years, PFXF has outperformed PGX with an annualized return of 3.79%, while PGX has yielded a comparatively lower 2.81% annualized return.
PFXF
-4.31%
-3.74%
-6.73%
0.33%
7.72%
3.79%
PGX
-1.86%
-3.33%
-7.61%
-0.10%
3.33%
2.81%
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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 Rank
PFXF
PGX
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 8.22%, more than PGX's 6.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 8.22% | 7.82% | 7.88% | 6.74% | 4.66% | 5.19% | 5.34% | 6.56% | 5.93% | 5.81% | 5.99% | 5.91% |
PGX Invesco Preferred ETF | 6.15% | 5.95% | 6.42% | 6.29% | 4.82% | 4.89% | 5.31% | 6.09% | 5.66% | 6.02% | 5.84% | 5.98% |
Drawdowns
PFXF vs. PGX - Drawdown Comparison
The maximum PFXF drawdown since its inception was -35.49%, smaller than the maximum PGX drawdown of -66.40%. 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
VanEck Vectors Preferred Securities ex Financials ETF (PFXF) has a higher volatility of 3.29% compared to Invesco Preferred ETF (PGX) at 2.17%. This indicates that PFXF's price experiences larger fluctuations and is considered to be riskier than PGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.