PGF vs. FPFD
Compare and contrast key facts about Invesco Financial Preferred ETF (PGF) and Fidelity Preferred Securities & Income ETF (FPFD).
PGF and FPFD 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. FPFD is an actively managed fund by Fidelity. It was launched on Jun 15, 2021.
Performance
PGF vs. FPFD - Performance Comparison
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PGF vs. FPFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PGF Invesco Financial Preferred ETF | -1.24% | 3.40% | 6.01% | 7.73% | -19.22% | 0.40% |
FPFD Fidelity Preferred Securities & Income ETF | -0.36% | 6.46% | 8.50% | 10.91% | -17.11% | 1.89% |
Returns By Period
In the year-to-date period, PGF achieves a -1.24% return, which is significantly lower than FPFD's -0.36% return.
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%
FPFD
- 1D
- 0.39%
- 1M
- -2.02%
- YTD
- -0.36%
- 6M
- -0.21%
- 1Y
- 5.18%
- 3Y*
- 7.37%
- 5Y*
- —
- 10Y*
- —
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PGF vs. FPFD - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is higher than FPFD's 0.59% expense ratio.
Return for Risk
PGF vs. FPFD — Risk / Return Rank
PGF
FPFD
PGF vs. FPFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financial Preferred ETF (PGF) and Fidelity Preferred Securities & Income ETF (FPFD). 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.
| PGF | FPFD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.47 | -1.14 |
Sortino ratioReturn per unit of downside risk | 0.50 | 1.99 | -1.49 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.29 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.59 | -1.18 |
Martin ratioReturn relative to average drawdown | 0.93 | 5.82 | -4.89 |
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
| PGF | FPFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.47 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.30 | -0.15 |
Correlation
The correlation between PGF and FPFD is 0.73, 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
PGF vs. FPFD - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.39%, more than FPFD's 5.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FPFD Fidelity Preferred Securities & Income ETF | 5.09% | 5.04% | 4.89% | 5.09% | 5.22% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PGF vs. FPFD - Drawdown Comparison
The maximum PGF drawdown since its inception was -75.69%, which is greater than FPFD's maximum drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for PGF and FPFD.
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Drawdown Indicators
| PGF | FPFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -20.83% | -54.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -3.18% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | — | — |
Current DrawdownCurrent decline from peak | -6.26% | -2.29% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -7.04% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.87% | +1.20% |
Volatility
PGF vs. FPFD - Volatility Comparison
Invesco Financial Preferred ETF (PGF) has a higher volatility of 2.26% compared to Fidelity Preferred Securities & Income ETF (FPFD) at 1.35%. This indicates that PGF's price experiences larger fluctuations and is considered to be riskier than FPFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGF | FPFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 1.35% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 2.08% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 3.54% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.35% | 5.38% | +5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.99% | 5.38% | +6.61% |