Invesco Financial Preferred ETF (PGF) Performance
PGF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −6.3% since Dec 31, 2025
- 1 year
- −8.1% total return
- 5 years
- −2.1% a year
- 10 years
- +1.5% a year
- Since first price
- +2.9% a year since 2006
PGF trailing returns vs AGG, TLT, SPY
| Period | PGF total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −2.7% | −3.3% | +0.9% | +1.5% | −1.0% |
| 3 months | −5.3% | −7.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −7.7% | −10.7% | −1.5% | −3.8% | +7.8% |
| YTD | −6.3% | −11.1% | −1.0% | −3.4% | +12.3% |
| 1 year | −8.1% | −13.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +15.0%+4.8%/yr | −4.8% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −10.1%−2.1%/yr | −33.4% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +16.2%+1.5%/yr | −33.7% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +80.6%+4.0%/yr | −24.2% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionDec 1, 2006 | +75.7%+2.9%/yr | −50.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PGF vs AGG
From Dec 1, 2006: PGF grew to $17,568, AGG to $17,516.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PGF returns by calendar year
13 of 19 full years positive. Best 2009 (+38.3%), worst 2008 (−27.3%). 2026 is year to date.
PGF annual returns table
| Year | PGF | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −6.3% | −9.6% | −1.0% | −3.4% | +12.3% |
| 2025 | +3.4% | −7.4% | +7.2% | +4.3% | +17.7% |
| 2024 | +6.0% | −7.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +7.7% | −15.8% | +5.7% | +2.8% | +26.2% |
| 2022 | −19.2% | −21.1% | −13.0% | −31.2% | −18.2% |
| 2021 | +2.6% | −3.8% | −1.8% | −4.6% | +28.7% |
| 2020 | +7.2% | −28.9% | +7.5% | +18.2% | +18.3% |
| 2019 | +14.5% | −1.5% | +8.5% | +14.1% | +31.2% |
| 2018 | −2.8% | −6.3% | +0.1% | −1.6% | −4.6% |
| 2017 | +10.8% | −1.8% | +3.6% | +9.2% | +21.7% |
| 2016 | +1.0% | −7.5% | +2.4% | +1.2% | +12.0% |
| 2015 | +9.2% | −2.8% | +0.5% | −1.8% | +1.2% |
| 2014 | +14.5% | −1.9% | +6.0% | +27.3% | +13.5% |
| 2013 | −1.3% | −9.2% | −2.0% | −13.4% | +32.3% |
| 2012 | +21.0% | −4.7% | +3.8% | +2.6% | +16.0% |
| 2011 | −1.7% | −17.5% | +7.7% | +34.0% | +1.9% |
| 2010 | +16.0% | −11.9% | +6.4% | +9.0% | +15.1% |
| 2009 | +38.3% | −64.5% | +3.0% | −21.8% | +26.4% |
| 2008 | −27.3% | −56.4% | +7.9% | +33.9% | −36.8% |
| 2007 | −15.9% | −17.9% | +6.6% | +10.3% | +5.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PGF largest drawdowns
Now 11.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 1, 2008 | −75.7% | Mar 9, 2009 | Mar 31, 2011 | 1.1 years | 3.2 years |
| Feb 10, 2020 | −28.9% | Mar 18, 2020 | Jul 30, 2020 | 37 days | 6 months |
| Jul 7, 2021 | −23.4% | Oct 19, 2023 | not yet | 2.3 years | 5.3 years so far |
| May 15, 2007 | −17.9% | Dec 20, 2007 | Feb 1, 2008 | 7 months | 9 months |
| May 20, 2011 | −17.5% | Aug 8, 2011 | Feb 3, 2012 | 3 months | 9 months |
| May 9, 2013 | −9.2% | Aug 19, 2013 | Mar 31, 2014 | 3 months | 11 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
PGF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +3.0% | −2.0% | +1.6% | +2.9% |
| Volatility (annualized) | 9.8% | 12.5% | 10.2% | 18.0% |
| Sharpe ratio | -0.09 | -0.39 | -0.02 | 0.18 |
| Sortino ratio | -0.13 | -0.55 | -0.03 | 0.26 |
| Best month | +9.1% | +12.5% | +12.5% | +28.3% |
| Worst month | −5.5% | −7.6% | −7.6% | −31.9% |
| Best 12 months | +23.5% | +23.5% | +23.5% | +150.2% |
| Worst 12 months | −7.2% | −19.9% | −19.9% | −63.0% |
| Positive months | 58% | 50% | 57% | 60% |
| Beta vs S&P 500 | 0.54 | 0.50 | 0.40 | — |
| Correlation with S&P 500 | 0.69 | 0.63 | 0.61 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PGF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 227 | −63.0% | +5.1% | +150.2% | 73% |
| 3-year (a year) | 203 | −5.9% | +5.5% | +44.9% | 80% |
| 5-year (a year) | 179 | −2.2% | +5.6% | +27.7% | 92% |
| 10-year (a year) | 119 | +1.6% | +4.6% | +16.6% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
PGF performance overview
Invesco Financial Preferred ETF (PGF) returned −8.1% over the past year and +1.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +2.9% a year, turning $10,000 into about $17,568. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −75.7%, from Feb 1, 2008 to Mar 9, 2009, and it took 2.1 years to get back to the old high. PGF finished 13 of its 19 full calendar years with a gain; the best year was 2009 (+38.3%) and the worst 2008 (−27.3%). Volatility has been 18.0% a year.
Related: PGF chart, PGF dividends, PGF bond profile. See the PGF overview for the latest quote and fund facts.
PGF performance FAQ
What is the PGF return over the past year?
PGF returned −8.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 13.7%.
What is the average annual return of PGF?
PGF has returned −2.1% a year over 5 years, +1.5% a year over 10 years, +2.9% a year since December 1, 2006 (total return, distributions reinvested).
How much would $10,000 invested in PGF be worth?
$10,000 invested in PGF at its first recorded close on December 1, 2006 would be worth about $17,568 on October 23, 2026 with distributions reinvested.
What was the worst year for PGF?
The worst calendar year was 2008, with a total return of −27.3%. The best was 2009 at +38.3%.
What is the biggest drawdown of PGF?
The largest peak-to-trough decline was −75.7% between February 1, 2008 and March 9, 2009. It recovered to the old high on March 31, 2011, 2.1 years after the bottom.
How volatile is PGF?
Over the past 3 years PGF had an annualized volatility of 9.8% and a Sharpe ratio of -0.09 (excess return over 1–3 month T-bills per unit of risk).