PGX vs. PFXF
Compare and contrast key facts about Invesco Preferred ETF (PGX) and VanEck Vectors Preferred Securities ex Financials ETF (PFXF).
PGX and PFXF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PFXF is a passively managed fund by VanEck that tracks the performance of the Wells Fargo Hybrid and Preferred Securities ex Financials Index. It was launched on Jul 16, 2012. Both PGX and PFXF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGX or PFXF.
Correlation
The correlation between PGX and PFXF is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PGX vs. PFXF - Performance Comparison
Key characteristics
PGX:
0.02
PFXF:
0.06
PGX:
0.09
PFXF:
0.14
PGX:
1.01
PFXF:
1.02
PGX:
0.01
PFXF:
0.05
PGX:
0.04
PFXF:
0.25
PGX:
3.60%
PFXF:
2.25%
PGX:
9.68%
PFXF:
8.76%
PGX:
-66.40%
PFXF:
-35.49%
PGX:
-10.01%
PFXF:
-7.65%
Returns By Period
In the year-to-date period, PGX achieves a -1.86% return, which is significantly higher than PFXF's -4.31% return. Over the past 10 years, PGX has underperformed PFXF with an annualized return of 2.81%, while PFXF has yielded a comparatively higher 3.79% annualized return.
PGX
-1.86%
-3.33%
-7.61%
-0.10%
3.33%
2.81%
PFXF
-4.31%
-3.74%
-6.73%
0.33%
7.72%
3.79%
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PGX vs. PFXF - Expense Ratio Comparison
PGX has a 0.52% expense ratio, which is higher than PFXF's 0.41% expense ratio.
Risk-Adjusted Performance
PGX vs. PFXF — Risk-Adjusted Performance Rank
PGX
PFXF
PGX vs. PFXF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred ETF (PGX) and VanEck Vectors Preferred Securities ex Financials ETF (PFXF). 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.
Dividends
PGX vs. PFXF - Dividend Comparison
PGX's dividend yield for the trailing twelve months is around 6.15%, less than PFXF's 8.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGX Invesco Preferred ETF | 6.15% | 5.95% | 6.42% | 6.29% | 4.82% | 4.89% | 5.31% | 6.09% | 5.66% | 6.02% | 5.84% | 5.98% |
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 8.22% | 7.82% | 7.88% | 6.74% | 4.66% | 5.19% | 5.34% | 6.56% | 5.93% | 5.81% | 5.99% | 5.91% |
Drawdowns
PGX vs. PFXF - Drawdown Comparison
The maximum PGX drawdown since its inception was -66.40%, which is greater than PFXF's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for PGX and PFXF. For additional features, visit the drawdowns tool.
Volatility
PGX vs. PFXF - Volatility Comparison
The current volatility for Invesco Preferred ETF (PGX) is 2.17%, while VanEck Vectors Preferred Securities ex Financials ETF (PFXF) has a volatility of 3.29%. This indicates that PGX experiences smaller price fluctuations and is considered to be less risky than PFXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.