PGF vs VOO
Invesco Financial Preferred ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | PGF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $664M | $997.4B | |
| Dividend Yield | 6.42% | 1.08% | |
| Holdings | 102 | 509 | |
| YTD Return | -2.61% | +13.73% | |
| 1Y Return | -1.16% | +21.53% | |
| 3Y Return (annualized) | +4.86% | +22.60% | |
| 5Y Return (annualized) | -1.16% | +13.31% | |
| Volatility (annualized) | 17.7% | 14.1% | |
| Max Drawdown | -79.2% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Dec 1, 2006 | Sep 7, 2010 |
PGF vs VOO Performance
Invesco Financial Preferred ETF (PGF) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PGF returned -1.16% while VOO returned +21.53%. Year to date, PGF is down 2.61% versus a gain of 13.73% for VOO.
Over three years, PGF compounded at +4.86% per year against +22.60% for VOO; over five years the annualized figures are -1.16% and +13.31% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% 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 14.1% for VOO. 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 -34.3% for VOO. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
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
PGF and VOO share 11 holdings out of 587 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $52 per year of difference.
Which performed better, PGF or VOO?
Over the past year PGF returned -1.16% vs +21.53% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PGF annualized -1.59% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, PGF or VOO?
PGF has been the more volatile fund at 17.7% annualized versus 14.1% for VOO. Worst drawdown: PGF -79.2% vs VOO -34.3%.
Should I hold both PGF and VOO?
PGF and VOO have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PGF and VOO?
PGF and VOO share 11 common holdings with a 1.6% weight overlap. Combined, they hold 587 unique securities.
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.
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