PGF vs. PFF
Compare and contrast key facts about Invesco Financial Preferred ETF (PGF) and iShares Preferred and Income Securities ETF (PFF).
PGF and PFF 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. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. It was launched on Mar 30, 2007. Both PGF and PFF 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 PFF.
Key characteristics
| PGF | PFF | |
|---|---|---|
| YTD Return | 9.90% | 10.27% |
| 1Y Return | 14.91% | 15.74% |
| 3Y Return (Ann) | -1.05% | 0.05% |
| 5Y Return (Ann) | 1.29% | 2.88% |
| 10Y Return (Ann) | 3.73% | 3.70% |
| Sharpe Ratio | 1.68 | 2.13 |
| Sortino Ratio | 2.35 | 2.98 |
| Omega Ratio | 1.31 | 1.39 |
| Calmar Ratio | 0.93 | 1.10 |
| Martin Ratio | 8.73 | 11.86 |
| Ulcer Index | 1.85% | 1.46% |
| Daily Std Dev | 9.63% | 8.11% |
| Max Drawdown | -75.69% | -65.55% |
| Current Drawdown | -4.82% | -2.01% |
Correlation
The correlation between PGF and PFF is 0.79, 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
PGF vs. PFF - Performance Comparison
The year-to-date returns for both investments are quite close, with PGF having a 9.90% return and PFF slightly higher at 10.27%. Both investments have delivered pretty close results over the past 10 years, with PGF having a 3.73% annualized return and PFF not far behind at 3.70%. 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. PFF - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is higher than PFF's 0.46% expense ratio.
Risk-Adjusted Performance
PGF vs. PFF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financial Preferred ETF (PGF) and iShares Preferred and Income Securities ETF (PFF). 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. PFF - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.27%, more than PFF's 6.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGF Invesco Financial Preferred ETF | 6.27% | 6.14% | 5.97% | 4.67% | 4.90% | 5.14% | 5.74% | 5.32% | 5.92% | 5.60% | 5.92% | 6.63% |
PFF iShares Preferred and Income Securities ETF | 6.16% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.31% | 5.59% | 5.85% | 5.77% | 6.32% | 6.61% |
Drawdowns
PGF vs. PFF - Drawdown Comparison
The maximum PGF drawdown since its inception was -75.69%, which is greater than PFF's maximum drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for PGF and PFF. For additional features, visit the drawdowns tool.
Volatility
PGF vs. PFF - Volatility Comparison
Invesco Financial Preferred ETF (PGF) has a higher volatility of 3.49% compared to iShares Preferred and Income Securities ETF (PFF) at 2.75%. This indicates that PGF's price experiences larger fluctuations and is considered to be riskier than PFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.