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PRFP.L vs. NXTG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRFP.L vs. NXTG.L

Last updated Jul 16, 2026
Documentation

PRFP.L (Invesco Preferred Shares UCITS ETF) and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds - PRFP.L tracks the Invesco Preferred Shares UCITS ETF while NXTG.L tracks the First Trust Indxx NextG UCITS ETF. Both are passively managed. Over the past 5 years, PRFP.L returned -1.28%/yr vs 9.76%/yr for NXTG.L. At a 0.14 correlation, their price movements are largely independent.

Performance

PRFP.L vs. NXTG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Preferred Shares UCITS ETF (PRFP.L) and First Trust Indxx NextG UCITS ETF (NXTG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PRFP.L achieves a -0.84% return, which is significantly lower than NXTG.L's 39.36% return.

PRFP.L

1D
-0.70%
1M
-0.58%
6M
-1.97%
YTD
-0.84%
1Y
2.08%
3Y*
2.70%
5Y*
-1.28%
10Y*
—

NXTG.L

1D
-0.50%
1M
-5.27%
6M
36.55%
YTD
39.36%
1Y
56.77%
3Y*
16.78%
5Y*
9.76%
10Y*
6.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRFP.L vs. NXTG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PRFP.L
Invesco Preferred Shares UCITS ETF		-0.84%-4.46%6.43%3.44%-12.08%4.09%2.23%14.04%-26.72%0.07%
NXTG.L
First Trust Indxx NextG UCITS ETF		39.36%19.23%14.96%0.29%-24.39%15.88%4.17%8.33%-27.67%10.04%

Correlation

The correlation between PRFP.L and NXTG.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2017

0.14

Over the past year, PRFP.L and NXTG.L have become more correlated (0.35) than their long-term average of 0.14, meaning their price movements have been converging.

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Invesco Preferred Shares UCITS ETF

First Trust Indxx NextG UCITS ETF

Return for Risk

PRFP.L vs. NXTG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRFP.L
PRFP.L Risk / Return Rank: 1313
Overall Rank
PRFP.L Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
PRFP.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
PRFP.L Omega Ratio Rank: 1212
Omega Ratio Rank
PRFP.L Calmar Ratio Rank: 1515
Calmar Ratio Rank
PRFP.L Martin Ratio Rank: 1414
Martin Ratio Rank
NXTG.L
NXTG.L Risk / Return Rank: 5555
Overall Rank
NXTG.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
NXTG.L Sortino Ratio Rank: 4848
Sortino Ratio Rank
NXTG.L Omega Ratio Rank: 9292
Omega Ratio Rank
NXTG.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
NXTG.L Martin Ratio Rank: 3838
Martin Ratio Rank
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.

PRFP.L vs. NXTG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF (PRFP.L) and First Trust Indxx NextG UCITS ETF (NXTG.L). 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.

PRFP.LNXTG.LDifference
Sharpe ratioReturn per unit of total volatility
0.27
1.23

-0.96

Sortino ratioReturn per unit of downside risk
0.43
2.01

-1.58

Omega ratioGain probability vs. loss probability

1.05

1.50

-0.45

Calmar ratioReturn relative to maximum drawdown

0.41

2.26

-1.85

Martin ratioReturn relative to average drawdown

0.76

4.72

-3.97

PRFP.L vs. NXTG.L - Sharpe Ratio Comparison

The current PRFP.L Sharpe Ratio is 0.27, which is lower than the NXTG.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of PRFP.L and NXTG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PRFP.L vs. NXTG.L - Drawdown Comparison

The maximum PRFP.L drawdown since its inception was -33.34%, smaller than the maximum NXTG.L drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for PRFP.L and NXTG.L.

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Drawdown Indicators

PRFP.LNXTG.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.34%

-45.94%

+12.60%

Max Drawdown (1Y)

Largest decline over 1 year

-5.06%

-25.38%

+20.32%

Max Drawdown (3Y)

Largest decline over 3 years

-13.79%

-31.89%

+18.10%

Max Drawdown (5Y)

Largest decline over 5 years

-20.03%

-32.91%

+12.88%

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.94%

—

Current Drawdown

Current decline from peak

-19.04%

-9.51%

-9.53%

Average Drawdown

Average peak-to-trough decline

-16.25%

-19.86%

+3.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.73%

12.16%

-9.43%

Volatility

PRFP.L vs. NXTG.L - Volatility Comparison

The current volatility for Invesco Preferred Shares UCITS ETF (PRFP.L) is 2.64%, while First Trust Indxx NextG UCITS ETF (NXTG.L) has a volatility of 6.66%. This indicates that PRFP.L experiences smaller price fluctuations and is considered to be less risky than NXTG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRFP.LNXTG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

6.66%

-4.02%

Volatility (6M)

Calculated over the trailing 6-month period

5.89%

15.57%

-9.68%

Volatility (1Y)

Calculated over the trailing 1-year period

7.75%

46.75%

-39.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.19%

43.04%

-31.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

32.80%

-17.78%

Dividends

PRFP.L vs. NXTG.L - Dividend Comparison

PRFP.L's dividend yield for the trailing twelve months is around 5.58%, while NXTG.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
NXTG.L
First Trust Indxx NextG UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PRFP.L
Invesco Preferred Shares UCITS ETF		5.58%5.38%5.08%5.39%5.57%4.36%4.81%4.64%5.05%0.57%

Frequently Asked Questions

PRFP.L and NXTG.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PRFP.L tracks Invesco Preferred Shares UCITS ETF, while NXTG.L tracks First Trust Indxx NextG UCITS ETF. They also come from different issuers: Invesco and First Trust.

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