PGX vs VOO
Invesco Preferred ETF vs Vanguard S&P 500 ETF
Which is better, PGX 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 | PGX | VOO |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $3.7B | $997.4B |
| Dividend Yield | 6.38% | 1.08% |
| Holdings | 270 | 509 |
| YTD Return | -3.54% | +13.37%Best |
| 1Y Return | -3.49% | +20.08%Best |
| 3Y Return (annualized) | +4.14% | +21.29%Best |
| 5Y Return (annualized) | -1.45% | +12.89%Best |
| Volatility (annualized) | 9.0%Best | 14.1% |
| Max Drawdown | -35.3% | -34.3%Best |
| $10,000 over 5 years | $9,296 | $18,335Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Preferred Stock | Large Cap Blend |
| Inception | Jan 31, 2008 | 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).
PGX 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.
PGX vs VOO Performance
Invesco Preferred ETF (PGX) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year PGX returned -3.49% while VOO returned +20.08%. Year to date, PGX is down 3.54% versus a gain of 13.37% for VOO.
Over three years, PGX compounded at +4.14% per year against +21.29% for VOO; over five years the annualized figures are -1.45% and +12.89% respectively. Across the full 16-year window we track, VOO has the edge at +13.48% annualized vs -0.02%.
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 9.0% for PGX. 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 -35.3% for PGX 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
PGX charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, PGX currently yields 6.38% against 1.08% for VOO.
Holdings Overlap
At least 3.5% of VOO's money is in holdings PGX also owns.
Stated as a floor: for PGX, our book for it covers 90.2% 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 PGX share little of their money.
23 positions in common, counted across the 233 positions we hold weights for in PGX and 505 in VOO, against full books of 270 and 509.
Top Shared Holdings
| Stock | Weight in PGX | Weight in VOO | Difference |
|---|---|---|---|
| BACBank of America Corp.: Financials | 1.30% | 0.58% | 0.72% |
| MSMorgan Stanley | 0.83% | 0.39% | 0.44% |
| CCitigroup Inc. | 0.76% | 0.36% | 0.40% |
| NEENextera Energy Inc | 0.82% | 0.28% | 0.54% |
| COFCapital One Financial Corp. | 0.84% | 0.19% | 0.65% |
| ALLAllstate Corp. | 0.86% | 0.09% | 0.77% |
| SCHWSchwab Strategic T | 0.70% | 0.23% | 0.47% |
| XELXcel Energy Inc. | 0.80% | 0.08% | 0.72% |
| MTBM&T Bank Corp | 0.75% | 0.05% | 0.70% |
| SOSouthern Co. | 0.54% | 0.17% | 0.37% |
You are not choosing between two funds in isolation.
Whichever of PGX 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, PGX or VOO?
PGX has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, PGX or VOO?
Over the past year PGX returned -3.49% vs +20.08% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), PGX annualized -0.02% vs +13.48% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PGX or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.0% for PGX. Worst drawdown: PGX -35.3% vs VOO -34.3%.
Should I hold both PGX and VOO?
PGX 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 PGX and VOO?
At least 3.5% of VOO's money is in holdings PGX also owns. Our book for PGX is partial, so the real figure is this or higher. They hold 23 positions in common, counted across the 233 positions we hold weights for in PGX and 505 in VOO.
Which pays a higher dividend, PGX or VOO?
PGX yields 6.38% while VOO yields 1.08%, so PGX currently pays the higher dividend yield.
Is VOO better than PGX?
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.