PGX vs. EVPF
PGX (Invesco Preferred ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock/Convertible Bonds funds. PGX is passively managed, while EVPF is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. PGX charges 0.52%/yr vs 0.39%/yr for EVPF.
Performance
PGX vs. EVPF - Performance Comparison
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Returns By Period
PGX
- 1D
- -0.45%
- 1M
- -0.99%
- YTD
- -0.18%
- 6M
- 0.04%
- 1Y
- 5.73%
- 3Y*
- 4.24%
- 5Y*
- -0.74%
- 10Y*
- 2.36%
EVPF
- 1D
- 0.00%
- 1M
- 0.75%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PGX vs. EVPF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PGX Invesco Preferred ETF | -2.07% |
EVPF Eaton Vance Preferred Securities and Income ETF | 1.16% |
Correlation
The correlation between PGX and EVPF is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026 | 0.79 |
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Return for Risk
PGX vs. EVPF — Risk / Return Rank
PGX
EVPF
PGX vs. EVPF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred ETF (PGX) and Eaton Vance Preferred Securities and Income ETF (EVPF). 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.
| PGX | EVPF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | — | — |
| Martin ratioReturn relative to average drawdown | 2.57 | — | — |
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
| PGX | EVPF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.13 | -0.98 |
Drawdowns
PGX vs. EVPF - Drawdown Comparison
The maximum PGX drawdown since its inception was -66.44%, which is greater than EVPF's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for PGX and EVPF.
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Drawdown Indicators
| PGX | EVPF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.44% | -2.36% | -64.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.98% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.10% | — | — |
Current DrawdownCurrent decline from peak | -5.29% | -0.17% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -0.52% | -7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | — | — |
Volatility
PGX vs. EVPF - Volatility Comparison
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Volatility by Period
| PGX | EVPF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.12% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 4.31% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.11% | 4.31% | +6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 4.31% | +8.71% |
PGX vs. EVPF - Expense Ratio Comparison
PGX has a 0.52% expense ratio, which is higher than EVPF's 0.39% expense ratio.
Dividends
PGX vs. EVPF - Dividend Comparison
PGX's dividend yield for the trailing twelve months is around 6.23%, more than EVPF's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVPF Eaton Vance Preferred Securities and Income ETF | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGX Invesco Preferred ETF | 6.23% | 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 EVPF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVPF is cheaper with a 0.39% expense ratio, compared with 0.52% for PGX.
PGX has the higher dividend yield at 6.23%, compared with 1.08% for EVPF.
They also come from different issuers: Invesco and Eaton Vance. Their fees differ too: 0.52% for PGX and 0.39% for EVPF.
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