PGF vs SCHD
Invesco Financial Preferred ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | PGF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.06% | |
| AUM | $664M | $108.7B | |
| Dividend Yield | 6.42% | 3.13% | |
| Holdings | 102 | 104 | |
| YTD Return | -2.61% | +25.69% | |
| 1Y Return | -1.16% | +30.41% | |
| 3Y Return (annualized) | +4.86% | +16.03% | |
| 5Y Return (annualized) | -1.16% | +9.64% | |
| Volatility (annualized) | 17.7% | 13.6% | |
| Max Drawdown | -79.2% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Dec 1, 2006 | Oct 20, 2011 |
PGF vs SCHD Performance
Invesco Financial Preferred ETF (PGF) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PGF returned -1.16% while SCHD returned +30.41%. Year to date, PGF is down 2.61% versus a gain of 25.69% for SCHD.
Over three years, PGF compounded at +4.86% per year against +16.03% for SCHD; over five years the annualized figures are -1.16% and +9.64% respectively. Across the full 15-year window we track, SCHD has the edge at +11.46% annualized vs -1.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGF has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -79.2% for PGF and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PGF charges 0.55% per year while SCHD charges 0.06%. On a $10,000 position that is $55 vs $6 annually, a gap of $49 per year that compounds over a long holding period. On income, PGF currently yields 6.42% against 3.13% for SCHD.
Holdings Overlap
PGF and SCHD share 1 holdings out of 192 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PGF | Weight in SCHD | Difference |
|---|---|---|---|
| FITB | 0.83% | 1.30% | 0.47% |
Frequently Asked Questions
Which is cheaper, PGF or SCHD?
PGF has an expense ratio of 0.55% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, PGF or SCHD?
Over the past year PGF returned -1.16% vs +30.41% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PGF annualized -1.59% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, PGF or SCHD?
PGF has been the more volatile fund at 17.7% annualized versus 13.6% for SCHD. Worst drawdown: PGF -79.2% vs SCHD -33.4%.
Should I hold both PGF and SCHD?
PGF and SCHD have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PGF and SCHD?
PGF and SCHD share 1 common holdings with a 0.8% weight overlap. Combined, they hold 192 unique securities.
Which pays a higher dividend, PGF or SCHD?
PGF yields 6.42% while SCHD yields 3.13%, so PGF currently pays the higher dividend yield.
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