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EFAA vs PGX

Invesco MSCI EAFE Income Advantage ETF vs Invesco Preferred ETF

EFAA

Invesco MSCI EAFE Income Advantage ETF

Annual cost

0.39%

Fund size

$505M

PGX

Invesco Preferred ETF

Annual cost

0.50%

Fund size

$3.8B

Key differences

EFAA is an alternative ETF, while PGX is a fixed income ETF. EFAA charges 0.39% a year and PGX 0.50%.

  • EFAA is an alternative fund, while PGX is a fixed income fund. They carry different risk/return profiles.
  • EFAA follows a option income strategy; PGX uses index tracking.
  • EFAA costs 0.11% less per year.
  • PGX is much larger than EFAA. Larger funds are usually more liquid and less likely to close.
  • PGX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

EFAAPGX
Annual cost (TER)0.39%0.50%
Fund size (AUM)$505M$3.8B
Since20242008
Dividend yield8.11%6.21%
Asset classalternativefixed income
Regionnorth america
Strategyoption incomeindex tracking
CAGR 1Y+16.3%+5.0%
CAGR 3YN/A+5.1%
CAGR 5YN/A-0.7%
Sharpe 3YN/A0.20
Volatility 1Y12.12%6.10%
Max drawdown-11.97%-34.10%

Similar to EFAA and PGX