PGX vs VRP: Holdings Overlap
Invesco · 266 holdings · $3.8B · as of 2026-05-31
VRPInvesco Variable Rate Preferred ETF
Invesco · 343 holdings · $3.0B · as of 2026-05-31
How similar are PGX and VRP?
Invesco Preferred ETF (PGX, by Invesco) holds 266 positions; Invesco Variable Rate Preferred ETF (VRP, by Invesco) holds 343. They have 24 holdings in common, and by portfolio weight the two funds are 4.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24PGX holds 266 · VRP holds 343
- Weight in Shared Holdings
- PGX 11%·VRP 4%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
242 of 266 positions (88.9% of the fund) are not held by VRP. Showing the top 30 by weight.
- JPMorgan Chase & Co., Series EE, Pfd.1.77%
- JPMorgan Chase & Co., Series DD, Pfd.1.54%
- Wells Fargo & Co., Series Z, Pfd.1.42%
- JPMorgan Chase & Co., Series LL, Pfd.1.31%
- JPMorgan Chase & Co., Series MM, Pfd.1.31%
- Bank of America Corp., Series GG, Pfd.1.27%
Only in VRP
319 of 343 positions (93.7% of the fund) are not held by PGX. Showing the top 30 by weight.
- Bank of America Corp.1.12%
- JPMorgan Chase & Co., Series OO1.10%
- Citigroup Inc., Series GG0.99%
- JPMorgan Chase & Co., Series NN0.94%
- Citigroup Capital XIII, Pfd.0.92%
- Citigroup Inc.0.91%
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% |
| VRP | -0.1% | +2.5% | +5.3% | +8.6% | +4.1% | +4.9% | 6.16% |
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 VRP →
Shared Holdings(24)
The top 10 shared positions account for 57% of the overlap, led by Bank of America Corp., Series K, Pfd., Athene Holding Ltd., Series A, Pfd. and Reinsurance Group of America, Inc., Pfd..
| Bank of America Corp., Series K, Pfd. | 1.02% | 0.39% | 0.39% |
|---|---|---|---|
| Athene Holding Ltd., Series A, Pfd. | 0.80% | 0.31% | 0.31% |
| Reinsurance Group of America, Inc., Pfd. | 0.67% | 0.26% | 0.26% |
| Apollo Global Management, Inc., Pfd. | 0.59% | 0.23% | 0.23% |
| KeyCorp, Pfd. | 0.57% | 0.22% | 0.22% |
| Athene Holding Ltd., Pfd. | 0.55% | 0.21% | 0.21% |
| Jackson Financial Inc., Pfd. | 0.54% | 0.21% | 0.21% |
| Synchrony Financial, Series B, Pfd. | 0.49% | 0.19% | 0.19% |
| Bank of New York Mellon Corp. (The), Series K, Pfd. | 0.49% | 0.19% | 0.19% |
| Banc of California, Inc., Series F, Pfd. | 0.49% | 0.19% | 0.19% |
| Regions Financial Corp., Pfd. | 0.48% | 0.19% | 0.19% |
| Athene Holding Ltd., Series E, Pfd. | 0.48% | 0.18% | 0.18% |
| Regions Financial Corp., Series C, Pfd. | 0.46% | 0.18% | 0.18% |
| Wintrust Financial Corp., Series F, Pfd. | 0.42% | 0.16% | 0.16% |
| Fifth Third Bancorp, Pfd. | 0.39% | 0.15% | 0.15% |
| Citizens Financial Group, Inc., Series I, Pfd. | 0.38% | 0.15% | 0.15% |
| First Citizens BancShares, Inc., Series E, Pfd. | 0.38% | 0.14% | 0.14% |
| Huntington Bancshares Inc., Series J, Pfd. | 0.31% | 0.12% | 0.12% |
| UMB Financial Corp., Pfd. | 0.31% | 0.12% | 0.12% |
| Associated Banc-Corp, Pfd. | 0.28% | 0.11% | 0.11% |
| Voya Financial, Inc., Series B, Pfd. | 0.27% | 0.10% | 0.10% |
| Wesbanco, Inc., Series B, Pfd. | 0.23% | 0.08% | 0.08% |
| Valley National Bancorp, Series C, Pfd. | 0.15% | 0.06% | 0.06% |
| Merchants Bancorp, Pfd. | 0.14% | 0.05% | 0.05% |
Frequently Asked Questions
How much do PGX and VRP overlap?
PGX and VRP overlap by 4.2% of portfolio weight. They share 24 holdings (PGX holds 266 positions and VRP holds 343), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PGX and VRP?
The two portfolios are 4.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of PGX and VRP?
The largest positions held by both funds are Bank of America Corp., Series K, Pfd., Athene Holding Ltd., Series A, Pfd., Reinsurance Group of America, Inc., Pfd., Apollo Global Management, Inc., Pfd. and KeyCorp, Pfd.. Together the top 10 shared positions account for 57% of the total overlap.
What does PGX own that VRP doesn't?
242 positions (88.9% of PGX) are unique to PGX, led by JPMorgan Chase & Co., Series EE, Pfd., JPMorgan Chase & Co., Series DD, Pfd. and Wells Fargo & Co., Series Z, Pfd.. In the other direction, 319 positions (93.7% of VRP) are unique to VRP.