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ZFEB vs PGF

Innovator Equity Defined Protection ETF - 1 Yr February vs Invesco Financial Preferred ETF

ZFEB

Innovator Equity Defined Protection ETF - 1 Yr February

Innovator ETFs

Annual cost

0.79%

Fund size

$163M

PGF

Invesco Financial Preferred ETF

Invesco

Annual cost

0.55%

Fund size

$719M

Key differences

  • PGF costs 0.24% less per year.
  • PGF is significantly larger than ZFEB — larger funds tend to be more liquid and less likely to close.
  • ZFEB is classified as alternative, while PGF is equity — different risk/return profiles.
  • ZFEB follows a structured outcome strategy; PGF uses index tracking.
  • PGF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

ZFEBPGF
Annual cost (TER)0.79%0.55%
Fund size (AUM)$163M$719M
Since20252006
Dividend yield0.00%6.24%
Asset classalternativeequity
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+8.3%+5.8%
CAGR 3YN/A+5.4%
CAGR 5YN/A-0.5%
Sharpe 3YN/A0.23
Volatility 1Y2.25%6.36%
Max drawdown-3.00%-28.92%

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

Similar to ZFEB and PGF