PGF vs. BND
Compare and contrast key facts about Invesco Financial Preferred ETF (PGF) and Vanguard Total Bond Market ETF (BND).
PGF and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both PGF and BND 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: PGF or BND.
Key characteristics
| PGF | BND | |
|---|---|---|
| YTD Return | 10.05% | 1.59% |
| 1Y Return | 16.29% | 7.87% |
| 3Y Return (Ann) | -1.00% | -2.37% |
| 5Y Return (Ann) | 1.35% | -0.27% |
| 10Y Return (Ann) | 3.75% | 1.41% |
| Sharpe Ratio | 1.79 | 1.34 |
| Sortino Ratio | 2.50 | 1.98 |
| Omega Ratio | 1.34 | 1.24 |
| Calmar Ratio | 0.96 | 0.50 |
| Martin Ratio | 9.41 | 4.75 |
| Ulcer Index | 1.84% | 1.65% |
| Daily Std Dev | 9.66% | 5.84% |
| Max Drawdown | -75.69% | -18.84% |
| Current Drawdown | -4.70% | -9.17% |
Correlation
The correlation between PGF and BND is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PGF vs. BND - Performance Comparison
In the year-to-date period, PGF achieves a 10.05% return, which is significantly higher than BND's 1.59% return. Over the past 10 years, PGF has outperformed BND with an annualized return of 3.75%, while BND has yielded a comparatively lower 1.41% 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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PGF vs. BND - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
PGF vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financial Preferred ETF (PGF) and Vanguard Total Bond Market ETF (BND). 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
PGF vs. BND - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.26%, more than BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGF Invesco Financial Preferred ETF | 6.26% | 6.14% | 5.97% | 4.67% | 4.90% | 5.14% | 5.74% | 5.32% | 5.92% | 5.60% | 5.92% | 6.63% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
PGF vs. BND - Drawdown Comparison
The maximum PGF drawdown since its inception was -75.69%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for PGF and BND. For additional features, visit the drawdowns tool.
Volatility
PGF vs. BND - Volatility Comparison
Invesco Financial Preferred ETF (PGF) has a higher volatility of 3.54% compared to Vanguard Total Bond Market ETF (BND) at 1.77%. This indicates that PGF's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.