PGF vs. IOFIX
Compare and contrast key facts about Invesco Financial Preferred ETF (PGF) and AlphaCentric Income Opportunities Fund (IOFIX).
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. IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015.
Performance
PGF vs. IOFIX - Performance Comparison
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PGF vs. IOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGF Invesco Financial Preferred ETF | -1.24% | 3.40% | 6.01% | 7.73% | -19.22% | 2.65% | 7.23% | 14.55% | -2.82% | 10.82% |
IOFIX AlphaCentric Income Opportunities Fund | -0.00% | 8.34% | -0.35% | -5.52% | -21.68% | 14.92% | -10.56% | 11.93% | 4.45% | 14.04% |
Returns By Period
Over the past 10 years, PGF has outperformed IOFIX with an annualized return of 2.53%, while IOFIX has yielded a comparatively lower 1.81% annualized 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%
IOFIX
- 1D
- 0.98%
- 1M
- -1.48%
- YTD
- -0.00%
- 6M
- 1.61%
- 1Y
- 7.75%
- 3Y*
- 1.50%
- 5Y*
- -2.73%
- 10Y*
- 1.81%
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PGF vs. IOFIX - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is lower than IOFIX's 1.65% expense ratio.
Return for Risk
PGF vs. IOFIX — Risk / Return Rank
PGF
IOFIX
PGF vs. IOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financial Preferred ETF (PGF) and AlphaCentric Income Opportunities Fund (IOFIX). 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 | IOFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.55 | -1.23 |
Sortino ratioReturn per unit of downside risk | 0.50 | 2.39 | -1.89 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.31 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.08 | -1.67 |
Martin ratioReturn relative to average drawdown | 0.93 | 6.71 | -5.78 |
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 | IOFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.55 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.58 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.20 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.20 | -0.05 |
Correlation
The correlation between PGF and IOFIX is 0.18, 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.
Dividends
PGF vs. IOFIX - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.39%, less than IOFIX's 8.29% 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% |
IOFIX AlphaCentric Income Opportunities Fund | 8.29% | 7.44% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.70% | 5.06% | 4.83% | 4.97% | 0.00% |
Drawdowns
PGF vs. IOFIX - Drawdown Comparison
The maximum PGF drawdown since its inception was -75.69%, which is greater than IOFIX's maximum drawdown of -45.49%. Use the drawdown chart below to compare losses from any high point for PGF and IOFIX.
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Drawdown Indicators
| PGF | IOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -45.49% | -30.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -3.80% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -23.41% | -30.50% | +7.09% |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | -45.49% | +16.57% |
Current DrawdownCurrent decline from peak | -6.26% | -20.47% | +14.21% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -11.62% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.18% | +0.89% |
Volatility
PGF vs. IOFIX - Volatility Comparison
Invesco Financial Preferred ETF (PGF) has a higher volatility of 2.26% compared to AlphaCentric Income Opportunities Fund (IOFIX) at 1.70%. This indicates that PGF's price experiences larger fluctuations and is considered to be riskier than IOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGF | IOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 1.70% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 2.77% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 4.83% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.35% | 4.73% | +6.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.99% | 9.26% | +2.73% |