PGF vs. PREF
Compare and contrast key facts about Invesco Financial Preferred ETF (PGF) and Principal Spectrum Preferred Secs Active ETF (PREF).
PGF and PREF 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. PREF is an actively managed fund by Principal. It was launched on Jul 10, 2017.
Performance
PGF vs. PREF - Performance Comparison
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PGF vs. PREF - 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% | 1.19% |
PREF Principal Spectrum Preferred Secs Active ETF | -0.46% | 7.64% | 11.43% | 7.36% | -11.80% | 2.08% | 7.52% | 17.32% | -5.45% | 2.05% |
Returns By Period
In the year-to-date period, PGF achieves a -1.24% return, which is significantly lower than PREF's -0.46% 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%
PREF
- 1D
- 0.48%
- 1M
- -1.76%
- YTD
- -0.46%
- 6M
- 0.91%
- 1Y
- 5.77%
- 3Y*
- 8.59%
- 5Y*
- 3.06%
- 10Y*
- —
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PGF vs. PREF - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is higher than PREF's 0.55% expense ratio.
Return for Risk
PGF vs. PREF — Risk / Return Rank
PGF
PREF
PGF vs. PREF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financial Preferred ETF (PGF) and Principal Spectrum Preferred Secs Active ETF (PREF). 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 | PREF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.69 | -1.36 |
Sortino ratioReturn per unit of downside risk | 0.50 | 2.22 | -1.72 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.95 | -1.54 |
Martin ratioReturn relative to average drawdown | 0.93 | 8.56 | -7.63 |
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 | PREF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.69 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.64 | -0.69 |
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 | 0.63 | -0.48 |
Correlation
The correlation between PGF and PREF is 0.36, 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. PREF - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.39%, more than PREF's 5.01% 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% |
PREF Principal Spectrum Preferred Secs Active ETF | 5.01% | 4.87% | 4.65% | 4.67% | 4.63% | 4.07% | 4.35% | 4.67% | 5.49% | 2.35% | 0.00% | 0.00% |
Drawdowns
PGF vs. PREF - Drawdown Comparison
The maximum PGF drawdown since its inception was -75.69%, which is greater than PREF's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for PGF and PREF.
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Drawdown Indicators
| PGF | PREF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -22.99% | -52.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -2.88% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.41% | -16.99% | -6.42% |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | — | — |
Current DrawdownCurrent decline from peak | -6.26% | -1.96% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -3.73% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.66% | +1.41% |
Volatility
PGF vs. PREF - Volatility Comparison
Invesco Financial Preferred ETF (PGF) has a higher volatility of 2.26% compared to Principal Spectrum Preferred Secs Active ETF (PREF) at 1.73%. This indicates that PGF's price experiences larger fluctuations and is considered to be riskier than PREF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGF | PREF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 1.73% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 2.49% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 3.44% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.35% | 4.84% | +6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.99% | 6.35% | +5.64% |