PGX vs. DIV
PGX (Invesco Preferred ETF) and DIV (Global X SuperDividend U.S. ETF) are both exchange-traded funds - PGX is a Preferred Stock/Convertible Bonds fund tracking the BofA Merrill Lynch Core Fixed Rate Preferred Securities Index, while DIV is a Mid Cap Value Equities fund tracking the Indxx SuperDividend® U.S. Low Volatility Index. Both are passively managed. Over the past 10 years, PGX returned 2.34%/yr vs 3.96%/yr for DIV. At a 0.40 correlation, their price movements are largely independent. PGX charges 0.52%/yr vs 0.45%/yr for DIV.
Performance
PGX vs. DIV - Performance Comparison
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Returns By Period
In the year-to-date period, PGX achieves a -0.55% return, which is significantly lower than DIV's 11.37% return. Over the past 10 years, PGX has underperformed DIV with an annualized return of 2.34%, while DIV has yielded a comparatively higher 3.96% annualized return.
PGX
- 1D
- -0.83%
- 1M
- -0.47%
- YTD
- -0.55%
- 6M
- -0.64%
- 1Y
- 4.48%
- 3Y*
- 5.14%
- 5Y*
- -1.00%
- 10Y*
- 2.34%
DIV
- 1D
- 0.37%
- 1M
- -3.42%
- YTD
- 11.37%
- 6M
- 11.46%
- 1Y
- 13.92%
- 3Y*
- 12.17%
- 5Y*
- 5.27%
- 10Y*
- 3.96%
PGX vs. DIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGX Invesco Preferred ETF | -0.55% | 3.48% | 6.53% | 9.48% | -21.16% | 3.15% | 7.09% | 17.09% | -4.01% | 10.48% |
DIV Global X SuperDividend U.S. ETF | 11.37% | 3.10% | 11.27% | -1.73% | -3.92% | 30.60% | -22.85% | 14.50% | -6.60% | 9.90% |
Correlation
The correlation between PGX and DIV is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2013 | 0.40 |
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Return for Risk
PGX vs. DIV — Risk / Return Rank
PGX
DIV
PGX vs. DIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred ETF (PGX) and Global X SuperDividend U.S. ETF (DIV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PGX | DIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.67 | -1.77 |
| Martin ratioReturn relative to average drawdown | 1.90 | 7.27 | -5.37 |
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Drawdowns
PGX vs. DIV - Drawdown Comparison
The maximum PGX drawdown since its inception was -66.44%, which is greater than DIV's maximum drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for PGX and DIV.
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Drawdown Indicators
| PGX | DIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.44% | -52.74% | -13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.98% | -5.23% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -11.17% | -12.33% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -24.67% | -21.14% | -3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -34.10% | -52.74% | +18.64% |
Current DrawdownCurrent decline from peak | -5.65% | -3.42% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -7.01% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.92% | +0.45% |
Volatility
PGX vs. DIV - Volatility Comparison
The current volatility for Invesco Preferred ETF (PGX) is 1.57%, while Global X SuperDividend U.S. ETF (DIV) has a volatility of 3.13%. This indicates that PGX experiences smaller price fluctuations and is considered to be less risky than DIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGX | DIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 3.13% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 7.35% | -3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.20% | 10.52% | -4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.12% | 13.67% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.03% | 18.00% | -4.97% |
PGX vs. DIV - Expense Ratio Comparison
PGX has a 0.52% expense ratio, which is higher than DIV's 0.45% expense ratio.
Dividends
PGX vs. DIV - Dividend Comparison
PGX's dividend yield for the trailing twelve months is around 6.73%, less than DIV's 6.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIV Global X SuperDividend U.S. ETF | 6.89% | 7.30% | 5.74% | 7.13% | 6.62% | 5.24% | 8.01% | 7.65% | 7.08% | 5.92% | 6.78% | 8.44% |
PGX Invesco Preferred ETF | 6.73% | 6.03% | 5.95% | 6.42% | 6.29% | 4.82% | 4.89% | 4.85% | 6.09% | 5.66% | 6.02% | 5.84% |
Frequently Asked Questions
PGX and DIV have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIV has higher volatility (3.13%) compared to PGX (1.57%). In terms of maximum drawdown, PGX dropped -66.44% vs DIV's -52.74%.
On 10-year performance, DIV leads with 3.96% vs 2.34% for PGX. On fees, DIV is cheaper at 0.45% per year. On volatility, PGX has been the lower-risk option at 1.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DIV has performed better with a 3.96% return vs 2.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIV is cheaper with a 0.45% expense ratio, compared with 0.52% for PGX.
DIV has the higher dividend yield at 6.89%, compared with 6.73% for PGX.
PGX is categorized as Preferred Stock/Convertible Bonds, while DIV is Mid Cap Value Equities. PGX tracks BofA Merrill Lynch Core Fixed Rate Preferred Securities Index, while DIV tracks Indxx SuperDividend® U.S. Low Volatility Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.52% for PGX and 0.45% for DIV.
DIV currently has the higher Sharpe Ratio (1.33 vs 0.73), 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.
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