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PGX vs. KBWD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PGX and KBWD is 0.41, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

PGX vs. KBWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Preferred ETF (PGX) and Invesco KBW High Dividend Yield Financial ETF (KBWD). The values are adjusted to include any dividend payments, if applicable.

80.00%100.00%120.00%140.00%160.00%NovemberDecember2025FebruaryMarchApril
81.84%
122.05%
PGX
KBWD

Key characteristics

Sharpe Ratio

PGX:

0.19

KBWD:

0.02

Sortino Ratio

PGX:

0.34

KBWD:

0.16

Omega Ratio

PGX:

1.04

KBWD:

1.02

Calmar Ratio

PGX:

0.14

KBWD:

0.02

Martin Ratio

PGX:

0.45

KBWD:

0.09

Ulcer Index

PGX:

4.14%

KBWD:

5.28%

Daily Std Dev

PGX:

9.79%

KBWD:

19.60%

Max Drawdown

PGX:

-66.40%

KBWD:

-58.63%

Current Drawdown

PGX:

-10.13%

KBWD:

-11.45%

Returns By Period

In the year-to-date period, PGX achieves a -1.98% return, which is significantly higher than KBWD's -4.37% return. Over the past 10 years, PGX has underperformed KBWD with an annualized return of 2.76%, while KBWD has yielded a comparatively higher 3.32% annualized return.


PGX

YTD

-1.98%

1M

-2.23%

6M

-6.47%

1Y

3.03%

5Y*

1.00%

10Y*

2.76%

KBWD

YTD

-4.37%

1M

-7.27%

6M

-3.99%

1Y

0.20%

5Y*

14.26%

10Y*

3.32%

*Annualized

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PGX vs. KBWD - Expense Ratio Comparison

PGX has a 0.52% expense ratio, which is lower than KBWD's 1.24% expense ratio.


Expense ratio chart for KBWD: current value is 1.24%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
KBWD: 1.24%
Expense ratio chart for PGX: current value is 0.52%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PGX: 0.52%

Risk-Adjusted Performance

PGX vs. KBWD — Risk-Adjusted Performance Rank

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

PGX
The Risk-Adjusted Performance Rank of PGX is 3030
Overall Rank
The Sharpe Ratio Rank of PGX is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of PGX is 2929
Sortino Ratio Rank
The Omega Ratio Rank of PGX is 2626
Omega Ratio Rank
The Calmar Ratio Rank of PGX is 3232
Calmar Ratio Rank
The Martin Ratio Rank of PGX is 2929
Martin Ratio Rank

KBWD
The Risk-Adjusted Performance Rank of KBWD is 2020
Overall Rank
The Sharpe Ratio Rank of KBWD is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of KBWD is 2020
Sortino Ratio Rank
The Omega Ratio Rank of KBWD is 2020
Omega Ratio Rank
The Calmar Ratio Rank of KBWD is 2121
Calmar Ratio Rank
The Martin Ratio Rank of KBWD is 2020
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PGX vs. KBWD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred ETF (PGX) and Invesco KBW High Dividend Yield Financial ETF (KBWD). 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.


The chart of Sharpe ratio for PGX, currently valued at 0.19, compared to the broader market-1.000.001.002.003.004.00
PGX: 0.19
KBWD: 0.02
The chart of Sortino ratio for PGX, currently valued at 0.34, compared to the broader market-2.000.002.004.006.008.00
PGX: 0.34
KBWD: 0.16
The chart of Omega ratio for PGX, currently valued at 1.04, compared to the broader market0.501.001.502.002.50
PGX: 1.04
KBWD: 1.02
The chart of Calmar ratio for PGX, currently valued at 0.14, compared to the broader market0.002.004.006.008.0010.0012.00
PGX: 0.14
KBWD: 0.02
The chart of Martin ratio for PGX, currently valued at 0.45, compared to the broader market0.0020.0040.0060.00
PGX: 0.45
KBWD: 0.09

The current PGX Sharpe Ratio is 0.19, which is higher than the KBWD Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of PGX and KBWD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.19
0.02
PGX
KBWD

Dividends

PGX vs. KBWD - Dividend Comparison

PGX's dividend yield for the trailing twelve months is around 6.18%, less than KBWD's 13.49% yield.


TTM20242023202220212020201920182017201620152014
PGX
Invesco Preferred ETF
6.18%5.95%6.42%6.29%4.82%4.89%5.31%6.09%5.66%6.02%5.84%5.98%
KBWD
Invesco KBW High Dividend Yield Financial ETF
13.49%12.45%11.45%11.32%7.26%9.68%8.63%9.47%8.77%8.68%8.89%8.31%

Drawdowns

PGX vs. KBWD - Drawdown Comparison

The maximum PGX drawdown since its inception was -66.40%, which is greater than KBWD's maximum drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for PGX and KBWD. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.13%
-11.45%
PGX
KBWD

Volatility

PGX vs. KBWD - Volatility Comparison

The current volatility for Invesco Preferred ETF (PGX) is 3.87%, while Invesco KBW High Dividend Yield Financial ETF (KBWD) has a volatility of 13.29%. This indicates that PGX experiences smaller price fluctuations and is considered to be less risky than KBWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
3.87%
13.29%
PGX
KBWD