PGF vs. PRF
Compare and contrast key facts about Invesco Financial Preferred ETF (PGF) and Invesco FTSE RAFI US 1000 ETF (PRF).
PGF and PRF 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. PRF is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI US 1000 Index. It was launched on Dec 19, 2005. Both PGF and PRF 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 PRF.
Key characteristics
| PGF | PRF | |
|---|---|---|
| YTD Return | 10.05% | 20.86% |
| 1Y Return | 16.29% | 33.51% |
| 3Y Return (Ann) | -1.00% | 9.28% |
| 5Y Return (Ann) | 1.35% | 13.66% |
| 10Y Return (Ann) | 3.75% | 11.03% |
| Sharpe Ratio | 1.79 | 2.99 |
| Sortino Ratio | 2.50 | 4.15 |
| Omega Ratio | 1.34 | 1.55 |
| Calmar Ratio | 0.96 | 5.65 |
| Martin Ratio | 9.41 | 19.90 |
| Ulcer Index | 1.84% | 1.67% |
| Daily Std Dev | 9.66% | 11.12% |
| Max Drawdown | -75.69% | -60.35% |
| Current Drawdown | -4.70% | -0.71% |
Correlation
The correlation between PGF and PRF is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PGF vs. PRF - Performance Comparison
In the year-to-date period, PGF achieves a 10.05% return, which is significantly lower than PRF's 20.86% return. Over the past 10 years, PGF has underperformed PRF with an annualized return of 3.75%, while PRF has yielded a comparatively higher 11.03% annualized 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. PRF - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is higher than PRF's 0.39% expense ratio.
Risk-Adjusted Performance
PGF vs. PRF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financial Preferred ETF (PGF) and Invesco FTSE RAFI US 1000 ETF (PRF). 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. PRF - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.26%, more than PRF's 1.67% 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% |
PRF Invesco FTSE RAFI US 1000 ETF | 1.67% | 1.84% | 2.01% | 1.58% | 1.97% | 1.99% | 2.25% | 1.58% | 2.17% | 2.25% | 1.73% | 1.56% |
Drawdowns
PGF vs. PRF - Drawdown Comparison
The maximum PGF drawdown since its inception was -75.69%, which is greater than PRF's maximum drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for PGF and PRF. For additional features, visit the drawdowns tool.
Volatility
PGF vs. PRF - Volatility Comparison
The current volatility for Invesco Financial Preferred ETF (PGF) is 3.54%, while Invesco FTSE RAFI US 1000 ETF (PRF) has a volatility of 3.98%. This indicates that PGF experiences smaller price fluctuations and is considered to be less risky than PRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.