PGF vs. SPY
Compare and contrast key facts about Invesco Financial Preferred ETF (PGF) and SPDR S&P 500 ETF (SPY).
PGF and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both PGF and SPY 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 SPY.
Key characteristics
| PGF | SPY | |
|---|---|---|
| YTD Return | 9.90% | 26.83% |
| 1Y Return | 14.91% | 34.88% |
| 3Y Return (Ann) | -1.05% | 10.16% |
| 5Y Return (Ann) | 1.29% | 15.71% |
| 10Y Return (Ann) | 3.73% | 13.33% |
| Sharpe Ratio | 1.68 | 3.08 |
| Sortino Ratio | 2.35 | 4.10 |
| Omega Ratio | 1.31 | 1.58 |
| Calmar Ratio | 0.93 | 4.46 |
| Martin Ratio | 8.73 | 20.22 |
| Ulcer Index | 1.85% | 1.85% |
| Daily Std Dev | 9.63% | 12.18% |
| Max Drawdown | -75.69% | -55.19% |
| Current Drawdown | -4.82% | -0.26% |
Correlation
The correlation between PGF and SPY 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. SPY - Performance Comparison
In the year-to-date period, PGF achieves a 9.90% return, which is significantly lower than SPY's 26.83% return. Over the past 10 years, PGF has underperformed SPY with an annualized return of 3.73%, while SPY has yielded a comparatively higher 13.33% 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. SPY - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PGF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financial Preferred ETF (PGF) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.27%, more than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PGF vs. SPY - Drawdown Comparison
The maximum PGF drawdown since its inception was -75.69%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PGF and SPY. For additional features, visit the drawdowns tool.
Volatility
PGF vs. SPY - Volatility Comparison
The current volatility for Invesco Financial Preferred ETF (PGF) is 3.49%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.77%. This indicates that PGF experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.