PGF vs. USOY
PGF (Invesco Financial Preferred ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - PGF is a Preferred Stock/Convertible Bonds fund tracking the Wachovia Hybrid & Preferred Securities Financial Index, while USOY is a Derivative Income fund actively managed by Defiance. PGF is passively managed, while USOY is actively managed. Over the past year, PGF returned 4.11% vs 54.64% for USOY. At a correlation of -0.10, they often move in opposite directions. PGF charges 0.62%/yr vs 1.22%/yr for USOY.
Performance
PGF vs. USOY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PGF achieves a -0.24% return, which is significantly lower than USOY's 59.27% return.
PGF
- 1D
- 0.07%
- 1M
- -1.36%
- YTD
- -0.24%
- 6M
- 0.55%
- 1Y
- 4.11%
- 3Y*
- 4.22%
- 5Y*
- -0.79%
- 10Y*
- 2.30%
USOY
- 1D
- -1.79%
- 1M
- -3.80%
- YTD
- 59.27%
- 6M
- 55.41%
- 1Y
- 54.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PGF vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PGF Invesco Financial Preferred ETF | -0.24% | 3.40% | 2.87% |
USOY Defiance Oil Enhanced Options Income ETF | 59.27% | -7.93% | 7.27% |
Correlation
The correlation between PGF and USOY is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.10 |
The correlation between PGF and USOY shifts across timeframes, from -0.26 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PGF vs. USOY — Risk / Return Rank
PGF
USOY
PGF vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financial Preferred ETF (PGF) and Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.33 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.84 | -2.96 |
| Martin ratioReturn relative to average drawdown | 1.86 | 7.37 | -5.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PGF | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.80 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.95 | -0.80 |
Drawdowns
PGF vs. USOY - Drawdown Comparison
The maximum PGF drawdown since its inception was -75.69%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for PGF and USOY.
Loading charts...
Drawdown Indicators
| PGF | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -17.46% | -58.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -14.29% | +9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.92% | — | — |
Current DrawdownCurrent decline from peak | -5.31% | -6.81% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -6.47% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 7.43% | -5.22% |
Volatility
PGF vs. USOY - Volatility Comparison
The current volatility for Invesco Financial Preferred ETF (PGF) is 1.47%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.67%. This indicates that PGF experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PGF | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 11.67% | -10.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 27.26% | -23.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.27% | 30.50% | -24.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.36% | 26.14% | -14.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.00% | 26.14% | -14.14% |
PGF vs. USOY - Expense Ratio Comparison
PGF has a 0.62% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
PGF vs. USOY - Dividend Comparison
PGF's dividend yield for the trailing twelve months is around 6.32%, less than USOY's 56.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGF Invesco Financial Preferred ETF | 6.32% | 6.30% | 6.24% | 6.15% | 5.95% | 4.68% | 4.91% | 5.14% | 5.73% | 5.32% | 5.92% | 5.68% |
USOY Defiance Oil Enhanced Options Income ETF | 56.65% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PGF and USOY have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (11.67%) compared to PGF (1.47%). In terms of maximum drawdown, PGF dropped -75.69% vs USOY's -17.46%.
On 1-year performance, USOY leads with 54.64% vs 4.11% for PGF. On fees, PGF is cheaper at 0.62% per year. On volatility, PGF has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 54.64% return vs 4.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PGF is cheaper with a 0.62% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 56.65%, compared with 6.32% for PGF.
PGF is categorized as Preferred Stock/Convertible Bonds, while USOY is Derivative Income. They also come from different issuers: Invesco and Defiance. Their fees differ too: 0.62% for PGF and 1.22% for USOY.
USOY currently has the higher Sharpe Ratio (1.80 vs 0.66), 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.
Find the right allocation for PGF and USOY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer