PGF vs. PFFD
PGF (Invesco Financial Preferred ETF) and PFFD (Global X U.S. Preferred ETF) are both Preferred Stock funds - PGF tracks the Wachovia Hybrid & Preferred Securities Financial Index while PFFD tracks the ICE BofA Diversified Core U.S. Preferred Securities Index. Both are passively managed. Over the past 5 years, PGF returned -0.97%/yr vs -0.75%/yr for PFFD. Their correlation of 0.83 means they have usually moved in the same direction. PGF charges 0.62%/yr vs 0.23%/yr for PFFD.
Performance
PGF vs. PFFD - Performance Comparison
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Returns By Period
In the year-to-date period, PGF achieves a -0.42% return, which is significantly lower than PFFD's 1.09% return.
PGF
- 1D
- 0.15%
- 1M
- -0.77%
- 6M
- -2.16%
- YTD
- -0.42%
- 1Y
- 1.28%
- 3Y*
- 4.33%
- 5Y*
- -0.97%
- 10Y*
- 2.07%
- ALL TIME*
- 3.27%
PFFD
- 1D
- 0.00%
- 1M
- -0.32%
- 6M
- -1.56%
- YTD
- 1.09%
- 1Y
- 3.11%
- 3Y*
- 4.85%
- 5Y*
- -0.75%
- 10Y*
- —
- ALL TIME*
- 2.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.88M | $14.42M | $12.01M | |
| $1.98M | $1.71M | $1.81M |
PGF vs. PFFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGF Invesco Financial Preferred ETF | -0.42% | 3.40% | 6.01% | 7.73% | -19.22% | 2.65% | 7.23% | 14.55% | -2.82% | 0.96% |
PFFD Global X U.S. Preferred ETF | 1.09% | 3.22% | 7.07% | 6.85% | -20.20% | 5.07% | 8.90% | 17.43% | -3.94% | 0.69% |
Correlation
The correlation between PGF and PFFD is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017 | 0.83 |
The correlation between PGF and PFFD shifts across timeframes, from 0.76 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PGF vs. PFFD — Risk / Return Rank
PGF
PFFD
PGF vs. PFFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financial Preferred ETF (PGF) and Global X U.S. Preferred ETF (PFFD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PGF | PFFD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.07 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.51 | -0.22 |
| Martin ratioReturn relative to average drawdown | 0.52 | 1.39 | -0.87 |
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Drawdowns
PGF vs. PFFD - Drawdown Comparison
The maximum PGF drawdown since its inception was -75.69%, which is greater than PFFD's maximum drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for PGF and PFFD.
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Drawdown Indicators
| PGF | PFFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -30.93% | -44.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -5.97% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -10.84% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.40% | -24.45% | +1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | — | — |
Current DrawdownCurrent decline from peak | -5.47% | -4.81% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -6.55% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.17% | +0.43% |
Volatility
PGF vs. PFFD - Volatility Comparison
The current volatility for Invesco Financial Preferred ETF (PGF) is 1.13%, while Global X U.S. Preferred ETF (PFFD) has a volatility of 2.54%. This indicates that PGF experiences smaller price fluctuations and is considered to be less risky than PFFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGF | PFFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 2.54% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.97% | 5.69% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 7.42% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.37% | 11.05% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.00% | 12.68% | -0.68% |
PGF vs. PFFD - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is higher than PFFD's 0.23% expense ratio.
Dividends
PGF vs. PFFD - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.42%, which matches PFFD's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 5.94% | 6.37% | 6.42% | 6.49% | 6.63% | 5.09% | 5.17% | 5.48% | 6.21% | 1.94% | 0.00% | 0.00% |
PGF Invesco Financial Preferred ETF | 6.42% | 6.30% | 6.24% | 6.15% | 5.95% | 4.68% | 4.91% | 5.14% | 5.73% | 5.32% | 5.92% | 5.68% |
Frequently Asked Questions
PGF and PFFD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFFD has higher volatility (2.54%) compared to PGF (1.13%). In terms of maximum drawdown, PGF dropped -75.69% vs PFFD's -30.93%.
On 5-year performance, PFFD leads with -0.75% vs -0.97% for PGF. On fees, PFFD is cheaper at 0.23% per year. On volatility, PGF has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFFD has performed better with a -0.75% return vs -0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFFD is cheaper with a 0.23% expense ratio, compared with 0.62% for PGF.
PGF has the higher dividend yield at 6.42%, compared with 5.94% for PFFD.
PGF tracks Wachovia Hybrid & Preferred Securities Financial Index, while PFFD tracks ICE BofA Diversified Core U.S. Preferred Securities Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.62% for PGF and 0.23% for PFFD.
PFFD currently has the higher Sharpe Ratio (0.41 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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