Dividend comparison
PGX vs PFFD: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Invesco Preferred ETF and Global X - U.S. Preferred ETF, side by side. Updated October 21, 2026.
PGX vs PFFD: key differences
The short answer, from the latest data on this page.
- Fees. PFFD is cheaper at 0.23% a year versus 0.50% for PGX. On $10,000 that is $27 a year less in fees.
- Income. Their trailing yields are almost the same: 6.95% for PGX and 6.98% for PFFD. Both pay monthly.
- Performance. Over the last 5 years, PFFD returned -14.1% versus -15.7% for PGX, with dividends reinvested. $10,000 would have grown to $8,586 in PFFD and $8,430 in PGX.
- Risk. Their worst declines over the last 5 years were similar: -24.6% for PGX and -24.4% for PFFD from peak to trough.
- Diversification. PGX holds 270 positions and PFFD holds 237.
- Dividend growth. PGX grew its yearly payout -1.6% a year over the last 4 years, versus -2.1% for PFFD.
Bottom line: PFFD has the edge on these figures, with lower fees. PGX does not lead on any of the measures compared here.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | PGX Invesco Preferred ETF | PFFD Global X - U.S. Preferred ETF |
|---|---|---|
| Dividend yield (TTM) | 6.95% | 6.98% |
| Dividend / share (TTM) | $0.69 | $1.20 |
| Payout frequency | Monthly | Monthly |
| Last dividend | $0.0573 on Sep 25, 2026 | $0.1000 on Oct 6, 2026 |
| Ex-dividend date | Oct 19, 2026 | Oct 1, 2026 |
| Next payment | $0.0610 on Oct 23, 2026 | — |
| Dividend growth (CAGR) | -1.6% over 4 yrs | -2.1% over 4 yrs |
| Price | $9.93 | $17.19 |
| Beta | 1.21 | 1.07 |
| Max drawdown (5Y) | -24.6% | -24.4% |
| Market cap | $3.61B | $1.97B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.50% | 0.23% |
| Assets under management | $3.57B | $1.86B |
| Number of holdings | 270 | 237 |
| Top 10 concentration | 13.0% | — |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
PGX
$57.93/mo
$695 /yr at 6.95% yield
PFFD
$58.17/mo
$698 /yr at 6.98% yield
Dividend history
Total dividends paid per share in each calendar year. PGX pays monthly; PFFD pays monthly.
| Year | PGX | PFFD |
|---|---|---|
| 2025 | $0.6771 | $1.2065 |
| 2024 | $0.6860 | $1.2550 |
| 2023 | $0.7365 | $1.2600 |
| 2022 | $0.7030 | $1.2880 |
| 2021 | $0.7232 | $1.3123 |
Strategy: Alternative income
Income vehicles outside ordinary stocks and bonds: real estate investment trusts, preferred shares, business development companies that lend to private firms, and energy pipeline partnerships. Each is structured to pass most of its earnings through to shareholders, which is why yields are high. Their payouts depend on rents, loan books or pipeline volumes rather than on corporate dividend policy.
These income streams are sensitive to interest rates and credit conditions, and much of the income is taxed as ordinary income rather than qualified dividends.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $8,430 in PGX and $8,586 in PFFD.
| Period | PGX | PFFD |
|---|---|---|
| 1 month | -4.43% | -4.61% |
| 3 months | -8.56% | -7.53% |
| Year to date | -11.65% | -9.10% |
| 1 year | -13.80% | -10.61% |
| 3 years | 9.85% | 11.77% |
| 5 years | -15.70% | -14.14% |
- PGX
- PFFD
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- PGX
- PFFD
Top 10 holdings
Largest positions by portfolio weight.
PGX270 holdings total
| Name | Weight |
|---|---|
| JPM-PCJPMorgan Chase & Co 6.00% 12/31/2079 | 1.77% |
| JPM-PDJPMorgan Chase & Co 5.75% 12/31/2079 | 1.53% |
| WFC-PZWells Fargo & Co 4.75% 12/31/2079 | 1.41% |
| JPM-PMJPMorgan Chase & Co 4.20% 12/31/2079 | 1.33% |
| JPM-PLJPMorgan Chase & Co 4.63% 12/31/2079 | 1.32% |
| BAC-PBBank of America Corp 6.00% 12/31/2079 | 1.26% |
| T-PCAT&T Inc 4.75% 12/31/2079 | 1.17% |
| BAC-PMBank of America Corp 5.38% 12/30/2049 | 1.12% |
| JPM-PKJPMorgan Chase & Co 4.55% 12/31/2079 | 1.05% |
| COF-PICapital One Financial Corp 5.00% 12/31/2079 | 1.05% |
Quick verdict
PFFD has the edge on these figures, with lower fees. PGX does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is PGX or PFFD better for dividend income?
It depends on your goals. PGX currently yields 6.95% Trailing Twelve Months (TTM) while PFFD yields 6.98%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between PGX and PFFD?
Invesco Preferred ETF (PGX) is an ETF listed on AMEX. Global X - U.S. Preferred ETF (PFFD) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, PGX or PFFD?
PFFD has the lower expense ratio. PGX charges 0.50% a year and PFFD charges 0.23%, a difference of $27 a year on a $10,000 investment.
Which has performed better, PGX or PFFD?
Over the last 5 years, PFFD has the higher total return with dividends reinvested: PGX returned -15.7% and PFFD returned -14.1%. Past performance does not predict future returns.
Which is riskier, PGX or PFFD?
Measured by the worst peak-to-trough decline over the last five years, PGX has been riskier: PGX fell as much as 24.6% and PFFD as much as 24.4%. Their betas are 1.21 and 1.07.
How often do PGX and PFFD pay dividends?
Both pay monthly. The most recent payments were $0.0573 for PGX and $0.1000 for PFFD.
How much income does $10,000 in PGX vs PFFD generate?
At current TTM yields, $10,000 in PGX would generate roughly $57.93 per month ($695 annually). The same amount in PFFD would produce about $58.17 per month ($698 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both PGX and PFFD?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare PGX vs PFFD with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how PGX and PFFD fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.