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Invesco Preferred ETF

PGX
$
Today’s Change
()

Snapshot
*

Inception Date
Jan 31, 2008
Expense Ratio
0.5%
Type
Preferred
Fund Owner
Invesco
Volume (1m avg. daily)
$29,846,269
AUM
$4,488,895,890
Associated Index
ICE BofAML Core Plus Fixed Rate Preferred Securities Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

JPM/PR/C
JPMorgan Chase & Co. - 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE
1.83%
JPM/PR/D
JPMorgan Chase & Co. - 5.75% PRF PERPETUAL USD 25 - Dep 1/400th Ser DD
1.66%
WFC/PR/Z
Wells Fargo & Co. - 4.75% PRF PERPETUAL USD 25 - Dp 1/1000 Sr Z Cl A
1.63%
JPM/PR/M
JPMorgan Chase & Co. - 4.20% PRF PERPETUAL USD 25 - Ser MM 1/400th
1.49%
JPM/PR/L
JPMorgan Chase & Co. - 4.625% PRF PERPETUAL USD 25 - Ser LL 1/400th Int
1.45%
T/PR/C
AT&T, Inc. - 4.75% PRF PERPETUAL USD 25 - 1/1000th Int Ser C
1.34%
BAC/PR/B
Bank Of America Corp. - 6% PRF PERPETUAL USD 25 - Ser GG 1/1000th int
1.3%
BAC/PR/M
Bank Of America Corp. - 5.375% PRF PERPETUAL USD 25 - Dp Sh1/1000th int KK
1.29%
TBB
AT&T, Inc. - 5.35% NT REDEEM 01/11/2066 USD 25
1.19%
COF/PR/I
Capital One Financial Corp. - 5% PRF PERPETUAL USD 25 - Dp Sh Rp 1/40th Sr I
1.18%

What is PGX?

The Invesco Preferred ETF is based on The ICE BofAML Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moody s, S&P and Fitch) and must have an investment-grade country risk profile (based on an average of Moody s, S&P and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.

1M
3M
6M
YTD
1Y
3Y
Max

PGX
Performance Measures**

for the time period Jan 31, 2008 to Aug 5, 2026

Returns

1M Trailing Return: -1.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -1.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -66.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 19.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.24

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.04

The annualized return divided by the max drawdown for the selected time period.

ETFs related toPGX

ETFs correlated to PGX include PSK, PFF, PFFD

PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
CVRD
Madison ETFs Trust - Madison Covered Call ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toPGX

Fire on the Mountain Revamp WM 74

Category

Tactical multi-asset, trend + mean reversion, volatility hedging, leveraged ETFs, risk-on/risk-off, FX, gold, oil, dividend tilt

OOS Cumulative Return

13.53%

Portfolio Consolidation 1

Category

Tactical multi-asset, crash-protection, volatility-hedging, trend-following, leveraged/inverse ETFs, currency & commodity pairs

OOS Cumulative Return

8.87%

Create your own algorithmic trading strategy with PGX using Composer

FAQ

PGX is a Preferred ETF. The Invesco Preferred ETF is based on The ICE BofAML Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moody s, S&P and Fitch) and must have an investment-grade country risk profile (based on an average of Moody s, S&P and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.

PGX tracks the ICE BofAML Core Plus Fixed Rate Preferred Securities Index.

PGX dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

No, PGX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PGX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PGX is 0.0106%. This is the percent change in the value of PGX over the most recent 1-month period. The 3-month return on PGX is -0.0047%. This is the percent change in the value of PGX over the most recent 3-month period.

The standard deviation of PGX for the past year is 0.1563%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PGX include QAI, PCEF, and MLPA.

ETFs correlated to PGX include PSK, PFF, and PFFD.

ETFs that are inversely correlated to PGX include SJB, FAZ, and HDGE.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.

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