PGX vs. FFC
Compare and contrast key facts about Invesco Preferred ETF (PGX) and Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC).
PGX is a passively managed fund by Invesco that tracks the performance of the BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. It was launched on Jan 31, 2008.
Performance
PGX vs. FFC - Performance Comparison
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PGX vs. FFC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGX Invesco Preferred ETF | -0.88% | 3.48% | 6.53% | 9.48% | -21.16% | 3.15% | 7.09% | 17.09% | -4.01% | 10.48% |
FFC Flaherty & Crumrine Preferred Securities Income Fund Inc. | -3.68% | 14.30% | 20.06% | -0.28% | -25.21% | -0.81% | 15.93% | 38.76% | -11.89% | 16.63% |
Returns By Period
In the year-to-date period, PGX achieves a -0.88% return, which is significantly higher than FFC's -3.68% return. Over the past 10 years, PGX has underperformed FFC with an annualized return of 2.68%, while FFC has yielded a comparatively higher 4.77% annualized return.
PGX
- 1D
- 0.83%
- 1M
- -3.11%
- YTD
- -0.88%
- 6M
- -3.59%
- 1Y
- 3.48%
- 3Y*
- 4.70%
- 5Y*
- -0.47%
- 10Y*
- 2.68%
FFC
- 1D
- 0.77%
- 1M
- -5.18%
- YTD
- -3.68%
- 6M
- -3.62%
- 1Y
- 5.37%
- 3Y*
- 12.00%
- 5Y*
- -0.87%
- 10Y*
- 4.77%
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Return for Risk
PGX vs. FFC — Risk / Return Rank
PGX
FFC
PGX vs. FFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred ETF (PGX) and Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC). 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 | FFC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.42 | +0.07 |
Sortino ratioReturn per unit of downside risk | 0.73 | 0.61 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.54 | +0.24 |
Martin ratioReturn relative to average drawdown | 1.78 | 1.96 | -0.18 |
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 | FFC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.42 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.06 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.21 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.25 | -0.11 |
Correlation
The correlation between PGX and FFC is 0.42, 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.
Dividends
PGX vs. FFC - Dividend Comparison
PGX's dividend yield for the trailing twelve months is around 6.20%, less than FFC's 7.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGX Invesco Preferred ETF | 6.20% | 6.03% | 5.95% | 6.42% | 6.29% | 4.82% | 4.89% | 4.85% | 6.09% | 5.66% | 6.02% | 5.84% |
FFC Flaherty & Crumrine Preferred Securities Income Fund Inc. | 7.65% | 7.08% | 6.97% | 7.54% | 9.11% | 7.03% | 6.18% | 6.27% | 8.21% | 7.29% | 8.62% | 8.14% |
Drawdowns
PGX vs. FFC - Drawdown Comparison
The maximum PGX drawdown since its inception was -66.44%, smaller than the maximum FFC drawdown of -77.72%. Use the drawdown chart below to compare losses from any high point for PGX and FFC.
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Drawdown Indicators
| PGX | FFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.44% | -77.72% | +11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.98% | -10.24% | +5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.67% | -39.57% | +14.90% |
Max Drawdown (10Y)Largest decline over 10 years | -34.10% | -54.06% | +19.96% |
Current DrawdownCurrent decline from peak | -5.97% | -6.53% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -10.70% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.80% | -0.64% |
Volatility
PGX vs. FFC - Volatility Comparison
The current volatility for Invesco Preferred ETF (PGX) is 2.48%, while Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) has a volatility of 5.88%. This indicates that PGX experiences smaller price fluctuations and is considered to be less risky than FFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGX | FFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 5.88% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 7.51% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.14% | 12.76% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.07% | 15.36% | -4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.00% | 22.74% | -9.74% |