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

In the year to Oct 28, 2026, with distributions reinvested, PFXF returned +0.5% and PGX −9.5%.

Which is cheaper, PFXF or PGX?

PFXF is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

PFXF vs PGX: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PFXF returned +0.5% to PGX's −9.5%, and PFXF charges 0.40% to PGX's 0.50%.

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Net assets on Oct 27, 2026: $2.2bn for VanEck Preferred Securities ex Financials ETF and $3.6bn for Invesco Preferred ETF.

PFXF on its own →PGX on its own →

At a glance

+0.5%

PFXF total return, 1 year

−9.5%

PGX total return, 1 year

0.40%

PFXF expense ratio

0.50%

PGX expense ratio

Pair scorecard

PFXF costs 0.10 points a year less; their one-year returns differ by 10.0 points; PGX is 1.6 times larger.

PFXF vs PGX: Differences, Returns & Fees
Measure	PFXF	PGX
Return
Measure	PFXF	PGX
Total return, 1 year	+0.5%	−9.5%
Drawdown
Measure	PFXF	PGX
Below its high	8.4%, high on Jun 2, 2026	12.3%, high on Nov 5, 2021
Benchmark
Measure	PFXF	PGX
What it tracks	ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index	ICE BofA Core Plus Fixed Rate Preferred Securities Index
Cost and size
Measure	PFXF	PGX
Expense ratio	0.40%	0.50%
Net assets, as of Oct 27, 2026	$2.2bn	$3.6bn
Holdings
Measure	PFXF	PGX
Holdings in common	23%
Top ten holdings, share of the fund	46.1%	13.1%

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method

Risk and return

Jul 27, 2012 to Oct 23, 2026 · 743 weekly returns

PFXF PGX

Return

Total return edge PFXF +98.4% +53.8%

Annualized edge PFXF +4.9% +3.1%

Price return edge PFXF −16.2% −32.5%

Risk

Volatility edge PGX 11.9% 10.6%

Max drawdown edge PGX −29.2% −24.2%

Risk-adjusted

Sharpe edge PFXF 0.31 0.17

Sortino edge PFXF 0.45 0.24

Calmar edge PFXF 0.17 0.13

Reading

PFXF returned more: +98.4% to +53.8%. PGX swung less: 10.6% to 11.9%. PGX fell less at its worst: −24.2% to −29.2%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: PFXF vs PGX: Differences, Returns & Fees
Measure	PFXF	PGX	Edge	How it is measured
Return
Total return	+98.4%	+53.8%	PFXF	Price change plus distributions, reinvested.
Annualized	+4.9%	+3.1%	PFXF	Total return as a yearly rate.
Price return	−16.2%	−32.5%	PFXF	Price change alone, distributions left out.
Risk
Volatility	11.9%	10.6%	PGX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	8.3%	7.4%	PGX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−29.2%	−24.2%	PGX	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.31	0.17	PFXF	Return above Treasury bills per unit of volatility.
Sortino	0.45	0.24	PFXF	Return above Treasury bills per unit of downside deviation.
Calmar	0.17	0.13	PFXF	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 743 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

23%

By the books each fund has filed, PFXF and PGX hold 23% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.

50%

0 half 100%

half

23% in common

Positions both hold · largest shared weight first PFXF PGX

AT&T Inc 1.56% 1.22%

AT&T Inc 1.35% 1.05%

Duke Energy Corp 1.23% 0.94%

AT&T Inc 1.13% 0.89%

NextEra Energy Capital Holdings Inc 1.06% 0.82%

Xcel Energy Inc 1.06% 0.82%

Southern Co/The 0.96% 0.74%

Ford Motor Co 0.78% 0.62%

Sempra 0.79% 0.61%

NextEra Energy Capital Holdings Inc 0.76% 0.60%

Ford Motor Co 0.76% 0.60%

NextEra Energy Capital Holdings Inc 0.75% 0.57%

Only in one fund ↓

Only in PFXF

Boeing Co/The 9.67%

Strategy Inc 6.27%

Oracle Corp 5.61%

Hewlett Packard Enterprise Co 4.33%

Albemarle Corp 3.18%

Microchip Technology Inc 2.85%

NextEra Energy Inc 2.75%

NextEra Energy Inc 2.65%

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%

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

JPMorgan Chase & Co., Series JJ, Pfd. 1.05%

Check overlap with more funds →

Side by side

PFXF VanEck Preferred Securities ex Financials ETF PGX Invesco Preferred ETF

Where it sits Bond ETF Bond ETF

Issuer VanEck Invesco

What it is Tracks an index Tracks an index

Total return, 1 year +0.5% −9.5%

Expense ratio 0.40% 0.50%

Already in the S&P 500 0.0% 0.0%

Holdings 116 273

Net assets, as of Oct 27, 2026 $2.2bn $3.6bn

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

Client brief · page 1 of 2 Report BR-DEB1FA248D

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

What each follows. PFXF follows ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index and PGX follows ICE BofA Core Plus Fixed Rate Preferred Securities Index.
Holdings in common. 23% of the weight is in the same securities (holdings dated Jun 30, 2026 and May 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 PFXF returned +0.5% and PGX −9.5% with distributions reinvested, a gap of 10.0 points.

Data as of Oct 28, 2026.

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About each fund

PFXF

PFXF tracks an index. Over the year to Oct 28, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.40% 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 116 positions, with the top ten at 46.1%. It sat 8.4% below its high of Jun 2, 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, PFXF or PGX?: In the year to Oct 28, 2026, with distributions reinvested, PFXF returned +0.5% and PGX −9.5%.
Which is cheaper, PFXF or PGX?: PFXF is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PFXF and PGX overlap with the S&P 500?: By their latest filed holdings, 0% of PFXF and 0% of PGX by weight is stocks the S&P 500 already holds.

Other comparisons

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

Where to next

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

Sources and dates

PFXF filings on SEC EDGAR ↗

PFXF prospectus with the expense ratio (SEC) ↗

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

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