ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.
See our curated list of related YouTube videos on PFF.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.
See our curated list of related YouTube videos on PGX.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
PFF has outpaced PGX over the trailing twelve months, posting a 2.40% total return against 1.89%. The lead holds up over 10 years too: PFF has compounded at 2.96% a year, against 2.24% for PGX. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jan 2008” measures every fund from January 31, 2008 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
PFF (iShares Preferred and Income Securities ETF) and PGX (Invesco Preferred ETF) are both monthly-pay dividend ETFs, but they take different approaches.
PFF offers the higher yield at 5.57% vs 5.45% for PGX. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
PFF is cheaper with an expense ratio of 0.46% compared to 0.50%.
PFF is the larger fund by assets ($13.5B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, PFF would generate roughly $46.42/month, while PGX would produce $45.42/month, at current distribution rates. Both pay monthly distributions.
PFF yield5.57%
PGX yield5.45%
Monthly diff on $10K$1.00
Cost & efficiency
Over 10 years on $10,000, PFF would cost approximately $460 in fees vs $500 for PGX (simplified, not compounded). The $40.00 difference may be offset by yield or performance.
PFF ER0.46%
PGX ER0.50%
Strategy & risk
PFF is an ETF, while PGX is an ETF. Beta is 0.97 for PFF and 1.21 for PGX, indicating PFF is less volatile relative to the market.
PFF beta0.97
PGX beta1.21
Fund details
PFF is managed by iShares (launched 03/26/2007) with $13.5B in assets. PGX is managed by Invesco (launched 01/31/2008) with $3.81B in assets.
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Frequently asked questions
Is PFF or PGX better for dividend income?
It depends on your goals. PFF currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between PFF and PGX?
PFF (iShares Preferred and Income Securities ETF) is an ETF, while PGX (Invesco Preferred ETF) is an ETF. They are issued by iShares and Invesco respectively.
Can I hold both PFF and PGX?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, PFF or PGX?
PFF has an expense ratio of 0.46% while PGX charges 0.50%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in PFF vs PGX generate?
At current rates, $10,000 in PFF would generate roughly $46.42 per month ($557.00 annually). The same in PGX would produce about $45.42 per month ($545.00 annually).
Which has performed better historically, PFF or PGX?
PFF has outpaced PGX over the trailing twelve months, posting a 2.40% total return against 1.89%. The lead holds up over 10 years too: PFF has compounded at 2.96% a year, against 2.24% for PGX. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
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