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PGX vs FPEI

Invesco Preferred ETF vs First Trust Institutional Preferred Securities and Income ETF

PGX

Invesco Preferred ETF

Invesco

Annual cost

0.50%

Fund size

$3.9B

FPEI

First Trust Institutional Preferred Securities and Income ETF

First Trust

Annual cost

0.85%

Fund size

$1.9B

Key differences

  • PGX costs 0.35% less per year.
  • PGX is classified as fixed income, while FPEI is equity — different risk/return profiles.
  • PGX follows a index tracking strategy; FPEI uses active selection.
  • Over the last 3 years, FPEI has delivered higher annualized returns.
  • PGX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PGXFPEI
Annual cost (TER)0.50%0.85%
Fund size (AUM)$3.9B$1.9B
Since20082017
Dividend yield6.16%5.69%
Asset classfixed incomeequity
Regionnorth america
Strategyindex trackingactive selection
CAGR 1Y+7.2%+9.6%
CAGR 3Y+5.8%+11.2%
CAGR 5Y-0.4%+4.2%
Sharpe 3Y0.281.73
Volatility 1Y6.15%3.74%
Max drawdown-34.10%-27.51%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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