Which returned more over the last year, PFFA or PGX?

In the year to Oct 28, 2026, with distributions reinvested, PFFA returned −3.4% and PGX −9.5%.

Which is cheaper, PFFA or PGX?

PGX is cheaper, by 1.61 percentage points a year. That is about $161 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do PFFA and PGX overlap with the S&P 500?

By their latest filed holdings, 1% of PFFA and 0% of PGX by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

PFFA vs PGX: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PFFA returned −3.4% to PGX's −9.5%, and PGX charges 0.50% to PFFA's 2.11%.

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Net assets: $2.5bn on Jul 31, 2026 for Virtus InfraCap U.S. Preferred Stock ETF, and $3.6bn on Oct 27, 2026 for Invesco Preferred ETF.

PFFA on its own →PGX on its own →

At a glance

−3.4%

PFFA total return, 1 year

−9.5%

PGX total return, 1 year

2.11%

PFFA expense ratio

0.50%

PGX expense ratio

Pair scorecard

PGX costs 1.61 points a year less; their one-year returns differ by 6.1 points.

PFFA vs PGX: Differences, Returns & Fees
Measure	PFFA	PGX
Return
Measure	PFFA	PGX
Total return, 1 year	−3.4%	−9.5%
Drawdown
Measure	PFFA	PGX
Below its high	9.2%, high on May 8, 2026	12.3%, high on Nov 5, 2021
Benchmark
Measure	PFFA	PGX
What it tracks	No index, actively managed	ICE BofA Core Plus Fixed Rate Preferred Securities Index
Cost and size
Measure	PFFA	PGX
Expense ratio	2.11%	0.50%
Net assets, PFFA as of Jul 31, 2026 and PGX as of Oct 27, 2026	$2.5bn	$3.6bn
Holdings
Measure	PFFA	PGX
Holdings in common	12%
Top ten holdings, share of the fund	22.9%	13.1%

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026. Method

Risk and return

May 25, 2018 to Oct 23, 2026 · 439 weekly returns

PFFA PGX

Return

Total return edge PFFA +64.9% +10.5%

Annualized edge PFFA +6.1% +1.2%

Price return edge PFFA −25.2% −31.3%

Risk

Volatility edge PGX 27.3% 13.2%

Max drawdown edge PGX −59.0% −24.2%

Risk-adjusted

Sharpe edge PFFA 0.25 −0.06

Sortino edge PFFA 0.37 −0.08

Calmar edge PFFA 0.10 0.05

Reading

PFFA returned more: +64.9% to +10.5%. PGX swung less: 13.2% to 27.3%. PGX fell less at its worst: −24.2% to −59.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: PFFA vs PGX: Differences, Returns & Fees
Measure	PFFA	PGX	Edge	How it is measured
Return
Total return	+64.9%	+10.5%	PFFA	Price change plus distributions, reinvested.
Annualized	+6.1%	+1.2%	PFFA	Total return as a yearly rate.
Price return	−25.2%	−31.3%	PFFA	Price change alone, distributions left out.
Risk
Volatility	27.3%	13.2%	PGX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	18.6%	9.2%	PGX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−59.0%	−24.2%	PGX	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.25	−0.06	PFFA	Return above Treasury bills per unit of volatility.
Sortino	0.37	−0.08	PFFA	Return above Treasury bills per unit of downside deviation.
Calmar	0.10	0.05	PFFA	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 439 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

12%

By the books each fund has filed, PFFA and PGX hold 12% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first PFFA PGX

XCEL ENERGY INC 6.25% NOTES ISSUED DUE ON OCTOBER 15, 2085 1.84% 0.82%

NEXTERA ENERGY CAPITAL HOLDINGS INC PUBLIC OFFERING OF 60NC5 FIXED-FOR-LIFE JUNIOR SUBORDINATED DEBENTURES DUE 15-APR-2086 0.80% 0.57%

DTE ENERGY COMPANY 6.250% JUNIOR SUBORDINATED DEBENTURES DUE ON OCTOBER 1, 2085 1.40% 0.56%

COREBRIDGE FINANCIAL INC 6.375% JUNIOR SUBORDINATED NOTES DUE DECEMBER 15,2064. 1.18% 0.52%

TELEPHONE & DATA SYSTEMS INC DEPOSITARY SHARES EACH REPRESENTING A 1/1,000 INTEREST IN A SHARE OF TELEPHONE AND DATA SYSTEMS, INC.S 6.000% SERIES VV C 2.38% 0.51%

BANC OF CALIFORNIA INC DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 7.75% NON CUMULATIVE PERPETUAL PREFERRED STOCK SERIES F 2.16% 0.49%

M&T BANK CORP DEPOSITARY SHARES EACH REPRESENTING A 1/400TH INTEREST IN A SHARE OF PERPETUAL 6.350% NON-CUMULATIVE PREFERRED STOCK, SERIES K 0.43% 0.43%

CITIGROUP INC DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF 6.25% NONCUMULATIVE PREFERRED STOCK, SERIES II 0.42% 0.76%

FIRST HORIZON CORP DEPOSITARY SHARESEACH REPRESENTING 1/4,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES H 0.88% 0.38%

FIRST CITIZENS BANCSHARES INC DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 6.625% NON-CUMULATIVE PERPETUAL PREFERRED STOCK SER 1.98% 0.38%

SYNCHRONY FINANCIAL DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 5.625% FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SE 0.37% 0.56%

TELEPHONE & DATA SYSTEMS INC DEPOSITARY SHARES EACH REPRESENTING A 1/1,000 INTEREST IN A SHARE OF TELEPHONE AND DATA SYSTEMS, INC.S 6.625% SERIES UU C 0.62% 0.35%

Only in one fund ↓

Only in PFFA

STRATEGY INC VARIABLE RATE SERIES A PERPETUAL STRETCH PREFERRED STOCK 2.63%

FLAGSTAR BANK NA DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF WFIXED-TO-FLOATING RATE SERIES A NONCUMULATIVE PERPETUAL PREFERR 2.56%

KKR & CO. INC 6.25% SERIES D MANDATORY CONVERTIBLE PREFERRED STOCK 2.54%

ENERGY TRANSFER LP 9.250% SERIES I FIXED RATE PERPETUAL PREFERRED UNITS 2.34%

RLJ LODGING TRUST SERIES A CUMULATIVE CONVERTIBLE PREFERRED SHARES 2.08%

GLOBAL NET LEASE INC 7.50% CUM RED PFD SER D 2.07%

ORACLE CORP DEPOSITARY SHARES EACH REPRESENTING A 1/2,000TH INTEREST IN A SHARE OF 6.50% SERIES D MANDATORY CONVERTIBLE PREFERRED STOCK 2.05%

TWO HARBORS INVESTMENTS CORP SER C FIXED TO FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK 2.04%

Only in PGX

JPMorgan Chase & Co., Series EE, Pfd. 1.77%

JPMorgan Chase & Co., Series DD, Pfd. 1.54%

Wells Fargo & Co., Series Z, Pfd. 1.42%

JPMorgan Chase & Co., Series LL, Pfd. 1.31%

JPMorgan Chase & Co., Series MM, Pfd. 1.31%

Bank of America Corp., Series GG, Pfd. 1.27%

AT&T Inc., Series C, Pfd. 1.22%

Bank of America Corp., Series KK, Pfd. 1.14%

Check overlap with more funds →

Side by side

PFFA Virtus InfraCap U.S. Preferred Stock ETF PGX Invesco Preferred ETF

Where it sits Bond ETF Bond ETF

Issuer Virtus Invesco

What it is Actively managed Tracks an index

Total return, 1 year −3.4% −9.5%

Expense ratio 2.11% 0.50%

Already in the S&P 500 0.8% 0.0%

Holdings 194 273

Net assets, PFFA as of Jul 31, 2026 and PGX as of Oct 27, 2026 $2.5bn $3.6bn

PFFA and PGX on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-144B479943

PFFA and PGX are built for the same job. How do they differ in cost, holdings and results?

What each follows. PFFA follows No index, actively managed and PGX follows ICE BofA Core Plus Fixed Rate Preferred Securities Index.
Holdings in common. 12% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 PFFA returned −3.4% and PGX −9.5% with distributions reinvested, a gap of 6.1 points.

Data as of Oct 28, 2026.

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About each fund

PFFA

PFFA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested. The prospectus expense ratio is 2.11% a year. By its holdings filed for Jul 31, 2026, 1% of the fund by weight is stocks the S&P 500 also holds, across 194 positions, with the top ten at 22.9%. It sat 9.2% below its high of May 8, 2026 on Oct 28, 2026.

PGX

PGX tracks an index. Over the year to Oct 28, 2026 it returned −9.5% with distributions reinvested. The prospectus expense ratio is 0.50% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 13.1%. It sat 12.3% below its high of Nov 5, 2021 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, PFFA or PGX?: In the year to Oct 28, 2026, with distributions reinvested, PFFA returned −3.4% and PGX −9.5%.
Which is cheaper, PFFA or PGX?: PGX is cheaper, by 1.61 percentage points a year. That is about $161 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PFFA and PGX overlap with the S&P 500?: By their latest filed holdings, 1% of PFFA and 0% of PGX by weight is stocks the S&P 500 already holds.

Other comparisons

PFFA vs PFXF PFFA vs PFFD PFFA vs VRP FPE vs PFFA PGX vs PREF PFXF vs PGX PGX vs VRP PFFD vs PGX

Where to next

PFFA on its own →PGX on its own →Hold both: look the portfolio through →Rankings →PFFA dividend history →PFFA holdings →PGX dividend history →PGX holdings →Standards and sources →

Sources and dates

PFFA filings on SEC EDGAR ↗

PFFA prospectus with the expense ratio (SEC) ↗

Virtus website ↗

PGX filings on SEC EDGAR ↗

PGX prospectus with the expense ratio (SEC) ↗

Invesco page for PGX ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, PFFA against PGX, data as of Oct 28, 2026. https://etfiq.com/compare/any/pffa-vs-pgx

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