ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Virtus Investment Partners operates a focused lineup of 5 ETFs primarily concentrated in income-generating and specialized strategies. Their fund families span bonds, closed-end funds, and income-focused products, with notable tickers including AIO, DNP, PFFA, UTES, and VEMY that cater to investors seeking dividend and yield exposure. The firm positions itself as a niche player in the ETF space with an emphasis on income strategies rather than broad market exposure.
See our curated list of related YouTube videos on PFFA.
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
PFFA has outpaced PGX over the trailing twelve months, posting a 8.25% total return against 1.89%. The lead holds up over 5 years too: PFFA has compounded at 5.69% a year, against -1.09% 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 May 2018” measures every fund from May 16, 2018 — 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
PFFA (Virtus InfraCap U.S. Preferred Stock ETF) and PGX (Invesco Preferred ETF) are both monthly-pay dividend ETFs, but they take different approaches.
PFFA offers the higher yield at 9.88% vs 5.45% for PGX. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
PGX is cheaper with an expense ratio of 0.50% compared to 2.52%.
PGX is the larger fund by assets ($3.81B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose PFFA
Virtus InfraCap U.S. Preferred Stock ETF
Want higher current income — PFFA yields 9.88% vs 5.45% for PGX.
Want broad hybrid exposure.
Choose PGX
Invesco Preferred ETF
Want broad equity exposure.
Want to keep costs low — a 0.50% expense ratio vs 2.52% for PFFA.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, PFFA would generate roughly $82.33/month, while PGX would produce $45.42/month, at current distribution rates. Both pay monthly distributions.
PFFA yield9.88%
PGX yield5.45%
Monthly diff on $10K$36.92
Cost & efficiency
Over 10 years on $10,000, PFFA would cost approximately $2,520 in fees vs $500 for PGX (simplified, not compounded). The $2,020.00 difference may be offset by yield or performance.
PFFA ER2.52%
PGX ER0.50%
Strategy & risk
PFFA tracks Actively managed U.S. preferred stock portfolio with a preferred stock approach, while PGX is an ETF. Beta is 1.07 for PFFA and 1.21 for PGX, indicating PFFA is less volatile relative to the market.
PFFA beta1.07
PGX beta1.21
Fund details
PFFA is managed by Virtus Investment Partners (launched 05/15/2018) with $2.41B in assets. PGX is managed by Invesco (launched 01/31/2008) with $3.81B in assets.
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Frequently asked questions
Is PFFA or PGX better for dividend income?
It depends on your goals. PFFA 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 PFFA and PGX?
PFFA (Virtus InfraCap U.S. Preferred Stock ETF) tracks Actively managed U.S. preferred stock portfolio with a preferred stock approach, while PGX (Invesco Preferred ETF) is an ETF. They are issued by Virtus Investment Partners and Invesco respectively.
Can I hold both PFFA 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, PFFA or PGX?
PFFA has an expense ratio of 2.52% 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 PFFA vs PGX generate?
At current rates, $10,000 in PFFA would generate roughly $82.33 per month ($988.00 annually). The same in PGX would produce about $45.42 per month ($545.00 annually).
Which has performed better historically, PFFA or PGX?
PFFA has outpaced PGX over the trailing twelve months, posting a 8.25% total return against 1.89%. The lead holds up over 5 years too: PFFA has compounded at 5.69% a year, against -1.09% for PGX. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
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