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

In the year to Oct 28, 2026, with distributions reinvested, PFFD returned −6.2% and PGX −9.5%.

Which is cheaper, PFFD or PGX?

PFFD is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

PFFD vs PGX: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PFFD returned −6.2% to PGX's −9.5%, and PFFD charges 0.23% to PGX's 0.50%.

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Net assets: $2.0bn on Oct 12, 2026 for Global X U.S. Preferred ETF, and $3.6bn on Oct 27, 2026 for Invesco Preferred ETF.

PFFD on its own →PGX on its own →

At a glance

−6.2%

PFFD total return, 1 year

−9.5%

PGX total return, 1 year

0.23%

PFFD expense ratio

0.50%

PGX expense ratio

Pair scorecard

PFFD costs 0.27 points a year less; their one-year returns differ by 3.3 points; PGX is 1.8 times larger.

PFFD vs PGX: Differences, Returns & Fees
Measure	PFFD	PGX
Return
Measure	PFFD	PGX
Total return, 1 year	−6.2%	−9.5%
Drawdown
Measure	PFFD	PGX
Below its high	10.5%, high on Nov 5, 2021	12.3%, high on Nov 5, 2021
Benchmark
Measure	PFFD	PGX
What it tracks	ICE BofA Diversified Core U.S. Preferred Securities Index	ICE BofA Core Plus Fixed Rate Preferred Securities Index
Cost and size
Measure	PFFD	PGX
Expense ratio	0.23%	0.50%
Net assets, as of Oct 12, 2026	$2.0bn	$3.6bn
Holdings
Measure	PFFD	PGX
Holdings in common	67%
Top ten holdings, share of the fund	21.2%	13.1%

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

Risk and return

Sep 22, 2017 to Oct 23, 2026 · 474 weekly returns

PFFD PGX

Return

Total return edge PFFD +16.8% +10.0%

Annualized edge PFFD +1.7% +1.0%

Price return edge PFFD (slight) −31.8% −34.2%

Risk

Volatility edge Tie 12.9% 12.7%

Max drawdown edge PGX (slight) −26.1% −24.2%

Risk-adjusted

Sharpe edge PFFD −0.01 −0.07

Sortino edge PFFD −0.02 −0.09

Calmar edge PFFD 0.07 0.04

Reading

PFFD returned more: +16.8% to +10.0%. PFFD and PGX swung about the same: 12.9% and 12.7%. PGX fell slightly less at its worst: −24.2% to −26.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: PFFD vs PGX: Differences, Returns & Fees
Measure	PFFD	PGX	Edge	How it is measured
Return
Total return	+16.8%	+10.0%	PFFD	Price change plus distributions, reinvested.
Annualized	+1.7%	+1.0%	PFFD	Total return as a yearly rate.
Price return	−31.8%	−34.2%	PFFD (slight)	Price change alone, distributions left out.
Risk
Volatility	12.9%	12.7%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.0%	8.9%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−26.1%	−24.2%	PGX (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.01	−0.07	PFFD	Return above Treasury bills per unit of volatility.
Sortino	−0.02	−0.09	PFFD	Return above Treasury bills per unit of downside deviation.
Calmar	0.07	0.04	PFFD	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 474 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

67%

By the books each fund has filed, PFFD and PGX hold 67% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

50%

0 half 100%

half

67% in common

Positions both hold · largest shared weight first PFFD PGX

AT&T Inc PREFERRED STOCK 1.07% 1.22%

JPMorgan Chase & Co PREFERRED STOCK 1.02% 1.77%

AT&T Inc PREFERRED STOCK 0.92% 1.05%

Capital One Financial Corp PREFERRED STOCK 0.90% 1.04%

JPMorgan Chase & Co PREFERRED STOCK 0.89% 1.54%

Duke Energy Corp PREFERRED STOCK 0.81% 0.94%

Allstate Corp/The PREFERRED STOCK 0.78% 0.88%

AT&T Inc PREFERRED STOCK 0.77% 0.89%

JPMorgan Chase & Co PREFERRED STOCK 0.76% 1.31%

JPMorgan Chase & Co PREFERRED STOCK 0.75% 1.31%

Wells Fargo & Co PREFERRED STOCK 0.74% 1.42%

Capital One Financial Corp PREFERRED STOCK 0.72% 0.83%

Only in one fund ↓

Only in PFFD

Boeing Co/The PREFERRED STOCK 4.70%

Hewlett Packard Enterprise Co PREFERRED STOCK 2.71%

Wells Fargo & Co PREFERRED STOCK 2.25%

Citigroup Capital XIII PREFERRED STOCK 2.20%

Microchip Technology Inc PREFERRED STOCK 1.76%

NextEra Energy Inc PREFERRED STOCK 1.71%

KKR & Co Inc PREFERRED STOCK 1.70%

Southern Co/The PREFERRED STOCK 1.64%

Only in PGX

Citigroup Inc., Series II, Pfd. 0.76%

NextEra Energy Capital Holdings, Inc., Series .Z, Pfd. 0.57%

First Horizon Corp., Series H, Pfd. 0.38%

First Citizens BancShares, Inc., Series E, Pfd. 0.38%

Vornado Realty Trust, Series M, Pfd. 0.22%

Pinnacle Financial Partners, Inc., Series C, Pfd. 0.21%

Brunswick Corp., Pfd. 0.20%

Vornado Realty Trust, Series N, Pfd. 0.20%

Check overlap with more funds →

Side by side

PFFD Global X U.S. Preferred ETF PGX Invesco Preferred ETF

Where it sits Bond ETF Bond ETF

Issuer Global X Invesco

What it is Tracks an index Tracks an index

Total return, 1 year −6.2% −9.5%

Expense ratio 0.23% 0.50%

Already in the S&P 500 0.0% 0.0%

Holdings 224 273

Net assets, PFFD as of Oct 12, 2026 and PGX as of Oct 27, 2026 $2.0bn $3.6bn

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

Client brief · page 1 of 2 Report BR-79DDD35092

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

What each follows. PFFD follows ICE BofA Diversified Core U.S. Preferred Securities Index and PGX follows ICE BofA Core Plus Fixed Rate Preferred Securities Index.
One-year total return. Over 1 year to Oct 28, 2026 PFFD returned −6.2% and PGX −9.5% with distributions reinvested, a gap of 3.3 points.
Cost. PFFD charges 0.23% of assets a year and PGX 0.50%, a gap of 0.27 points.

Data as of Oct 28, 2026.

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About each fund

PFFD

PFFD tracks an index. Over the year to Oct 28, 2026 it returned −6.2% with distributions reinvested. The prospectus expense ratio is 0.23% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 224 positions, with the top ten at 21.2%. It sat 10.5% below its high of Nov 5, 2021 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, PFFD or PGX?: In the year to Oct 28, 2026, with distributions reinvested, PFFD returned −6.2% and PGX −9.5%.
Which is cheaper, PFFD or PGX?: PFFD is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PFFD and PGX overlap with the S&P 500?: By their latest filed holdings, 0% of PFFD and 0% of PGX by weight is stocks the S&P 500 already holds.

Other comparisons

FPE vs PFFD PFFD vs PFXF FPEI vs PFFD PFFD vs VRP PGX vs PREF FPEI vs PGX FPE vs PGX PFXF vs PGX

Where to next

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

Sources and dates

PFFD filings on SEC EDGAR ↗

PFFD prospectus with the expense ratio (SEC) ↗

Global X page for PFFD ↗

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.