PGF vs. PFFD
Compare and contrast key facts about Invesco Financial Preferred ETF (PGF) and Global X U.S. Preferred ETF (PFFD).
PGF and PFFD 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. PFFD is a passively managed fund by Global X that tracks the performance of the ICE BofAML Diversified Core U.S. Preferred Securities Index. It was launched on Sep 11, 2017. Both PGF and PFFD 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 PFFD.
Key characteristics
| PGF | PFFD | |
|---|---|---|
| YTD Return | 10.05% | 10.81% |
| 1Y Return | 16.29% | 17.59% |
| 3Y Return (Ann) | -1.00% | -1.46% |
| 5Y Return (Ann) | 1.35% | 1.86% |
| Sharpe Ratio | 1.79 | 2.08 |
| Sortino Ratio | 2.50 | 2.94 |
| Omega Ratio | 1.34 | 1.38 |
| Calmar Ratio | 0.96 | 0.92 |
| Martin Ratio | 9.41 | 11.24 |
| Ulcer Index | 1.84% | 1.61% |
| Daily Std Dev | 9.66% | 8.69% |
| Max Drawdown | -75.69% | -30.93% |
| Current Drawdown | -4.70% | -5.59% |
Correlation
The correlation between PGF and PFFD is 0.83, 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. PFFD - Performance Comparison
In the year-to-date period, PGF achieves a 10.05% return, which is significantly lower than PFFD's 10.81% 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. PFFD - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is higher than PFFD's 0.23% expense ratio.
Risk-Adjusted Performance
PGF vs. PFFD - Risk-Adjusted Performance 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.
Dividends
PGF vs. PFFD - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.26%, more than PFFD's 6.17% 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% |
PFFD Global X U.S. Preferred ETF | 6.17% | 6.49% | 6.63% | 5.09% | 5.19% | 5.49% | 6.22% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
PGF vs. PFFD - Volatility Comparison
Invesco Financial Preferred ETF (PGF) has a higher volatility of 3.54% compared to Global X U.S. Preferred ETF (PFFD) at 2.95%. This indicates that PGF's price experiences larger fluctuations and is considered to be riskier than PFFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.