PGX vs. SCHD
Compare and contrast key facts about Invesco Preferred ETF (PGX) and Schwab US Dividend Equity ETF (SCHD).
PGX and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both PGX and SCHD 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 SCHD.
Key characteristics
| PGX | SCHD | |
|---|---|---|
| YTD Return | 10.27% | 17.47% |
| 1Y Return | 15.56% | 27.61% |
| 3Y Return (Ann) | -1.21% | 6.96% |
| 5Y Return (Ann) | 1.31% | 12.74% |
| 10Y Return (Ann) | 3.72% | 11.66% |
| Sharpe Ratio | 1.84 | 2.70 |
| Sortino Ratio | 2.65 | 3.89 |
| Omega Ratio | 1.33 | 1.48 |
| Calmar Ratio | 0.95 | 3.71 |
| Martin Ratio | 8.96 | 14.94 |
| Ulcer Index | 1.96% | 2.04% |
| Daily Std Dev | 9.54% | 11.25% |
| Max Drawdown | -66.43% | -33.37% |
| Current Drawdown | -5.09% | -0.51% |
Correlation
The correlation between PGX and SCHD is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PGX vs. SCHD - Performance Comparison
In the year-to-date period, PGX achieves a 10.27% return, which is significantly lower than SCHD's 17.47% return. Over the past 10 years, PGX has underperformed SCHD with an annualized return of 3.72%, while SCHD has yielded a comparatively higher 11.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PGX vs. SCHD - Expense Ratio Comparison
PGX has a 0.52% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
PGX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred ETF (PGX) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
PGX's dividend yield for the trailing twelve months is around 5.83%, more than SCHD's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGX Invesco Preferred ETF | 5.83% | 6.42% | 6.29% | 4.82% | 4.89% | 5.30% | 6.08% | 5.66% | 6.02% | 5.84% | 5.98% | 6.78% |
SCHD Schwab US Dividend Equity ETF | 3.37% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PGX vs. SCHD - Drawdown Comparison
The maximum PGX drawdown since its inception was -66.43%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PGX and SCHD. For additional features, visit the drawdowns tool.
Volatility
PGX vs. SCHD - Volatility Comparison
Invesco Preferred ETF (PGX) and Schwab US Dividend Equity ETF (SCHD) have volatilities of 3.43% and 3.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.