PGX vs. EVPF

Last updated Jun 24, 2026

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 0.78 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Preferred ETF (PGX) and Eaton Vance Preferred Securities and Income ETF (EVPF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PGX

• 1D: -0.09%
• 1M: -0.56%
• YTD: -0.64%
• 6M: -0.38%
• 1Y: 4.18%
• 3Y*: 5.11%
• 5Y*: -1.01%
• 10Y*: 2.33%

EVPF

• 1D: 0.01%
• 1M: 0.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PGX vs. EVPF - Yearly Performance Comparison

	2026 (YTD)
PGX Invesco Preferred ETF	-3.13%
EVPF Eaton Vance Preferred Securities and Income ETF	1.29%

Correlation

The correlation between PGX and EVPF is 0.78, 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 5, 2026	0.78

Return for Risk

PGX vs. EVPF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PGX

PGX Risk / Return Rank: 19
PGX Sharpe Ratio Rank: 21
PGX Sortino Ratio Rank: 20
PGX Omega Ratio Rank: 18
PGX Calmar Ratio Rank: 20
PGX Martin Ratio Rank: 17

EVPF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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	EVPF	Difference
Sharpe ratio: Return per unit of total volatility	0.68	—	—
Sortino ratio: Return per unit of downside risk	1.06	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.84	—	—
Martin ratio: Return relative to average drawdown	1.76	—	—

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.

Drawdown Indicators

	PGX	EVPF	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-5.74%	-0.17%	-5.57%
Average Drawdown Average peak-to-trough decline	-8.12%	-0.47%	-7.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	—	—

Volatility

Volatility by Period

	PGX	EVPF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.19%	4.08%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	4.08%	+7.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.03%	4.08%	+8.95%

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 6.27%, 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	6.27%	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

Can I hold both PGX and EVPF in my portfolio?

PGX and EVPF have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PGX or EVPF?

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.

Which ETF is cheaper, PGX or EVPF?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.52% for PGX.

Which ETF pays a higher dividend yield, PGX or EVPF?

PGX has the higher dividend yield at 6.27%, compared with 1.08% for EVPF.

What is the main difference between PGX and EVPF?

They also come from different issuers: Invesco and Eaton Vance. Their fees differ too: 0.52% for PGX and 0.39% for EVPF.