PGF vs VOO
Invesco Financial Preferred ETF vs Vanguard S&P 500 ETF
Which is better, PGF or VOO?
Preferred Stock against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PGF | VOO |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $659M | $997.4B |
| Dividend Yield | 6.42% | 1.08% |
| Holdings | 102 | 509 |
| YTD Return | -3.03% | +13.37%Best |
| 1Y Return | -2.80% | +20.08%Best |
| 3Y Return (annualized) | +4.24% | +21.29%Best |
| 5Y Return (annualized) | -1.28% | +12.89%Best |
| Volatility (annualized) | 8.9%Best | 14.1% |
| Max Drawdown | -30.7%Best | -34.3% |
| $10,000 over 5 years | $9,376 | $18,335Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Preferred Stock | Large Cap Blend |
| Inception | Dec 1, 2006 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 4, 2026 (16 years).
PGF vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PGF vs VOO Performance
Invesco Financial Preferred ETF (PGF) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PGF returned -2.80% while VOO returned +20.08%. Year to date, PGF is down 3.03% versus a gain of 13.37% for VOO.
Over three years, PGF compounded at +4.24% per year against +21.29% for VOO; over five years the annualized figures are -1.28% and +12.89% respectively. Across the full 16-year window we track, VOO has the edge at +13.48% annualized vs +0.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 8.9% for PGF. 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 -30.7% for PGF and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PGF charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, PGF currently yields 6.42% against 1.08% for VOO.
Holdings Overlap
At least 2.2% of VOO's money is in holdings PGF also owns.
Stated as a floor: for PGF, our book for it covers 93.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VOO and PGF share little of their money.
12 positions in common, counted across the 93 positions we hold weights for in PGF and 504 in VOO, against full books of 102 and 509.
Top Shared Holdings
| Stock | Weight in PGF | Weight in VOO | Difference |
|---|---|---|---|
| BACBank Of America Corp Preferred Stock 6.5 | 2.06% | 0.58% | 1.48% |
| CCitigroup, Inc. | 1.53% | 0.36% | 1.17% |
| ALLAllstate Corp/Thecommon Stock | 1.74% | 0.09% | 1.65% |
| MSMorgan Stanley | 1.31% | 0.39% | 0.92% |
| SCHWCharles Schwab Corp. | 1.41% | 0.23% | 1.18% |
| MTBM&T Bank Corp | 1.52% | 0.05% | 1.47% |
| SYFSynchrony Financial | 1.13% | 0.04% | 1.09% |
| BKBank Of New York Mellon Corp/The Bk Us Equity | 0.97% | 0.15% | 0.82% |
| USBUs Bancorp | 0.96% | 0.15% | 0.81% |
| FITBFifth Third Bancorp | 0.80% | 0.08% | 0.72% |
You are not choosing between two funds in isolation.
Whichever of PGF and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PGF or VOO?
PGF has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, PGF or VOO?
Over the past year PGF returned -2.80% vs +20.08% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PGF annualized +0.08% vs +13.48% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PGF or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 8.9% for PGF. Worst drawdown: PGF -30.7% vs VOO -34.3%.
Should I hold both PGF and VOO?
PGF and VOO have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PGF and VOO?
At least 2.2% of VOO's money is in holdings PGF also owns. Our book for PGF is partial, so the real figure is this or higher. They hold 12 positions in common, counted across the 93 positions we hold weights for in PGF and 504 in VOO.
Which pays a higher dividend, PGF or VOO?
PGF yields 6.42% while VOO yields 1.08%, so PGF currently pays the higher dividend yield.
Is VOO better than PGF?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.