PGX vs PFF: Holdings Overlap
Invesco · 266 holdings · $3.8B · as of 2026-05-31
PFFiShares Preferred and Income Securities ETF
iShares · 455 holdings · $13.3B · as of 2026-03-31
Holdings snapshots are 61 days apart (PGX: 2026-05-31, PFF: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are PGX and PFF?
Invesco Preferred ETF (PGX, by Invesco) holds 266 positions; iShares Preferred and Income Securities ETF (PFF, by iShares) holds 455. They have 264 holdings in common, and by portfolio weight the two funds are 53.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 264PGX holds 266 · PFF holds 455
- Weight in Shared Holdings
- PGX 99%·PFF 53%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in PGX
2 of 266 positions (0.9% of the fund) are not held by PFF.
- NextEra Energy Capital Holdings, Inc., Series .Z, Pfd.0.57%
- First Horizon Corp., Series H, Pfd.0.38%
Only in PFF
191 of 455 positions (45.0% of the fund) are not held by PGX. Showing the top 30 by weight.
- Boeing Co. 6% SER A DEP SHS REPSTG 1/20TH INT MANDATORY CONV PFD3.98%
- Oracle Corp. DEPOSITARY SHARES EACH REPRESENTING A 1/2,000TH INTEREST IN A SHARE OF 6.50% SERIES D MANDATORY CONVERTIBLE PREFERRED STOCK2.40%
- Wells Fargo & Co. 7.5% NON-CUMULATIVE PERPETUAL CONVERTIBLE CLASS A PREFERRED STOCK, SERIES L2.29%
- Albemarle Corp DEPOSITARY SHARES EACH REPRESENTING A 1/20TH INTEREST IN A SHARE OF 7.25% SERIES A MANDATORY CONVERTIBLE PREFERRED STOCK1.76%
- Strategy Inc. VARIABLE RATE SERIES A PERPETUAL STRETCH PREFERRED STOCK1.49%
- Citigroup Capital XIII FIXED/FLOAT TRUST PREFERRED SECURITIES1.41%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| PGX | -0.9% | -1.2% | +0.7% | +4.4% | -1.3% | +2.0% | 6.40% |
| PFF | +0.9% | +1.9% | +4.1% | +6.2% | +0.8% | +3.0% | 5.41% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in PGX vs PFF →
Shared Holdings(264)
The top 10 shared positions account for 13% of the overlap, led by JPMorgan Chase & Co. DEPOSITARY SHARES EACH REP 1/400TH INTEREST IN A SHARE OF JP MORGAN CHASE & CO 6% NON CUM PFD STOCK SER EE, JPMorgan Chase & Co. 5.75% DEP SHS REP 1/400TH INT SHS NON CUM PFD STK SER DD and Wells Fargo & Co. DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL CLASS A PREFERRED STOCK, SERIES Z.
| JPMorgan Chase & Co. DEPOSITARY SHARES EACH REP 1/400TH INTEREST IN A SHARE OF JP MORGAN CHASE & CO 6% NON CUM PFD STOCK SER EE | 1.77% | 0.98% | 0.98% |
|---|---|---|---|
| JPMorgan Chase & Co. 5.75% DEP SHS REP 1/400TH INT SHS NON CUM PFD STK SER DD | 1.54% | 0.88% | 0.88% |
| Wells Fargo & Co. DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL CLASS A PREFERRED STOCK, SERIES Z | 1.42% | 0.76% | 0.76% |
| JPMorgan Chase & Co. DEPOSITARY SHARES, EACH REPRESENTING A 1/400TH INTEREST IN A SHARE OF JPMORGAN CHASE & CO. 4.625% NON-CUMULATIVE PREFERRED STOCK, | 1.31% | 0.75% | 0.75% |
| JPMorgan Chase & Co. DEPOSITARY SHARES, EACH REPRESENTING A 1/400TH INTEREST IN A SHARE OF JPMORGAN CHASE & CO. 4.20% NON-CUMULATIVE PREFERRED STOCK, | 1.31% | 0.75% | 0.75% |
| AT&T Inc DEPOSITARY SHARES, EACH REPRESENTING A 1/1000TH INTEREST IN A SHARE OF 4.750% PERPETUAL PREFERRED STOCK, SERIES C | 1.22% | 0.69% | 0.69% |
| JPMorgan Chase & Co. DEPOSITARY SHARES, EACH REPRESENTING A 1/400TH INTEREST IN A SHARE OF JPMORGAN CHASE & CO. 4.55% NON-CUMULATIVE PREFERRED STOCK, | 1.05% | 0.60% | 0.60% |
| AT&T Inc 5.350% GLOBAL NOTES DUE 2066 | 1.05% | 0.60% | 0.60% |
| Capital One Financial Corp. DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, S | 1.04% | 0.60% | 0.60% |
| Morgan Stanley DEPOSITARY SHARES, EACH REPRESENTING 1/1,000TH OWNERSHIP INTEREST IN A SHARE OF 6.625% NONCUMULATIVE PREFERRED STOCK, SERIES Q | 0.97% | 0.54% | 0.54% |
| Morgan Stanley DEPOSITARY SHARES, EACH REPRESENTING 1/1,000TH OWNERSHIP INTEREST IN A SHARE OF 6.500% NON-CUMULATIVE PREFERRED STOCK, SERIES P | 0.95% | 0.53% | 0.53% |
| Morgan Stanley FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES I | 0.95% | 0.52% | 0.52% |
| Duke Energy Corp DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF 5.75% SERIES A CUMULATIVE REDEEMABLE PERPETUAL PREFERRED STOCK | 0.94% | 0.52% | 0.52% |
| AT&T Inc DEPOSITARY SHARES EACH REPRESENTING A 1/1000TH INTEREST IN A SHARE OF 5.000% PERPETUAL PREFERRED STOCK, SERIES A | 0.89% | 0.50% | 0.50% |
| Morgan Stanley DEPOSITARY SHARES EACH REPRESENTING 1/1,000 TH OF A SHARE OF FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES K | 0.90% | 0.50% | 0.50% |
| Bank of America Corp. 1/1,000TH INTEREST IN A SHARE OF BANK OF AMERICA CORPORATION 6.000% NON-CUMULATIVE PREFERRED STOCK, SERIES GG | 1.27% | 0.49% | 0.49% |
| The Allstate Corporation DEP SHS REP 1/1000 NON CUM | 0.88% | 0.49% | 0.49% |
| Morgan Stanley DEPOSITARY SHARES, EACH REPRESENTING 1/1,000TH OWNERSHIP INTEREST IN A SHARE OF 4.250% NON-CUMULATIVE PREFERRED STOCK, SERIES O | 0.84% | 0.48% | 0.48% |
| Capital One Financial Corp. DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, S | 0.83% | 0.48% | 0.48% |
| Xcel Energy Inc 6.25% NOTES ISSUED DUE ON OCTOBER 15, 2085 | 0.82% | 0.47% | 0.47% |
| NextEra Energy Capital Holdings Inc SERIES U JUNIOR SUBORDINATED DEBENTURES DUE JUNE 1, 2085 | 0.82% | 0.46% | 0.46% |
| Morgan Stanley DEPOSITARY SHARES EACH REPRESENTING 1/1,000 TH OF A SHARE OF FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES E | 0.82% | 0.46% | 0.46% |
| Morgan Stanley DEPOSITARY SHARES OF MONGAN STANLEY, EACH REPRESENTING A 1/1000TH INTEREST IN A FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, | 0.82% | 0.45% | 0.45% |
| Bank of America Corp. DEP SHS EACH REP A 1/1,000TH INT IN A SHARE OF BANK OF AMERICA CORP 5.375% NON-CUMULATIVE PREFERRED STOCK, SERIES KK | 1.14% | 0.44% | 0.44% |
| Athene Holding Ltd 6.35%DEP 1/1000TH PERP NON CUM PFD SER A | 0.80% | 0.43% | 0.43% |
Showing the top 250 of 264 shared holdings by overlap weight.
Frequently Asked Questions
How much do PGX and PFF overlap?
PGX and PFF overlap by 53.4% of portfolio weight. They share 264 holdings (PGX holds 266 positions and PFF holds 455), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PGX and PFF?
The two portfolios are 53.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of PGX and PFF?
The largest positions held by both funds are JPMorgan Chase & Co. DEPOSITARY SHARES EACH REP 1/400TH INTEREST IN A SHARE OF JP MORGAN CHASE & CO 6% NON CUM PFD STOCK SER EE, JPMorgan Chase & Co. 5.75% DEP SHS REP 1/400TH INT SHS NON CUM PFD STK SER DD, Wells Fargo & Co. DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL CLASS A PREFERRED STOCK, SERIES Z, JPMorgan Chase & Co. DEPOSITARY SHARES, EACH REPRESENTING A 1/400TH INTEREST IN A SHARE OF JPMORGAN CHASE & CO. 4.625% NON-CUMULATIVE PREFERRED STOCK, and JPMorgan Chase & Co. DEPOSITARY SHARES, EACH REPRESENTING A 1/400TH INTEREST IN A SHARE OF JPMORGAN CHASE & CO. 4.20% NON-CUMULATIVE PREFERRED STOCK,. Together the top 10 shared positions account for 13% of the total overlap.
What does PGX own that PFF doesn't?
2 positions (0.9% of PGX) are unique to PGX, led by NextEra Energy Capital Holdings, Inc., Series .Z, Pfd. and First Horizon Corp., Series H, Pfd.. In the other direction, 191 positions (45.0% of PFF) are unique to PFF.