FBDCvsPGXETF Comparison
ETF 1
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
-0.32%
VS
ETF 2
PGX
Invesco Preferred ETF
FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) belongs to the Uncategorized Equities segment. Invesco Preferred ETF (PGX) is part of the segment. FBDC's top 1 sector exposures are Finance. In contrast, PGX's top sector exposures are Finance, Utilities and Telecommunications. FBDC is more expensive with a Total Expense Ratio (TER) of 12.44%, versus 0.5% for PGX. FBDC is down -3.3% year-to-date (YTD) with +$2M in YTD flows. PGX performs worse with -9.71% YTD performance, and +$34M in YTD flows. Run a side-by-side ETF comparison of FBDC and PGX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FBDC vs PGX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FBDC PGX | -2.82%-3.15% | -0.43%-7.04% | -3.30%-9.71% | -0.95%-10.80% | n/a+10.45% | n/a-13.92% |
| Flows | FBDC PGX | +$858K+$34M | +$2M+$10M | +$2M+$34M | -$219K+$208M | --$526M | --$1.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FBDC PGX | +16.00%+6.10% | +18.18%+5.48% | n/a+8.06% | n/a+10.50% |
| Max drawdown | FBDC PGX | -8.57%-8.02% | -14.81%-12.66% | n/a-13.73% | n/a-24.51% |
| Max drawdown duration | FBDC PGX | 63d89d | 239d241d | n/a730d | n/a1804d |
Trading data
FBDC | PGX | |
Last sale 10/16/2026 at 1:30 PM | $16.41 | $10.04 |
| Previous close 10/15/2026 | $16.70 | $10.09 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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FBDC
is actively managed and doesn’t replicate an indexFBDC | PGX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FBDC | PGX | |
|---|---|---|
| Last price | $16.41 | $10.04 |
| 1D performance | -1.74% | -0.50% |
| AuM | $35.32 M | $3.61 B |
| E/R | 12.44% | 0.5% |
Characteristics
FBDC | PGX | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | Invesco |
| Benchmark | - | ICE BofA Core Plus Fixed Rate Preferred Securities Index |
| N° of holdings | 20 | 166 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 27, 2025 | January 31, 2008 |
| ESG | No | No |
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Exposure
Countries
FBDC
USA
95.59%
Other
4.41%
PGX
USA
94.01%
Other
5.99%
Sectors
FBDC
Finance
95.59%
Other
4.41%
PGX
Finance
79.85%
Utilities
11.17%
Other
8.98%
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Diversification
FBDC
Total weight of top 15 holdings out of 15
89.25%
PGX
Total weight of top 15 holdings out of 15
18.05%
Top 15 holdings
Data as of August 31, 2026
FBDC
Main Street Capital Corp
12.58%
Hercules Capital, Inc.
11.40%
Ares Capital Corp.
9.64%
Golub Capital BDC, Inc.
9.07%
Sixth Street Specialty Lending, Inc.
8.18%
Blackstone Secured Lending Fund
6.57%
Blue Owl Capital Corp.
6.44%
Barings BDC, Inc.
5.27%
Capital Southwest Corp
4.70%
New Mountain Finance Corp.
4.14%
MidCap Financial Investment Corp
2.64%
Bain Capital Specialty Finance, Inc.
2.33%
Oaktree Specialty Lending Corp.
2.31%
Morgan Stanley Direct Lending Fund
2.09%
Kayne Anderson BDC, Inc.
1.89%
PGX
JPMorgan Chase & Co.
1.79%
JPMorgan Chase & Co.
1.54%
Wells Fargo & Co.
1.45%
JPMorgan Chase & Co.
1.31%
JPMorgan Chase & Co.
1.31%
Bank of America Corp.
1.29%
AT&T, Inc.
1.16%
Bank of America Corp.
1.13%
JPMorgan Chase & Co.
1.04%
Capital One Financial Corp.
1.03%
Bank of America Corporation, 6.45% 15dec2066, USD
1.03%
AT&T Inc, 5.35% 1nov2066, USD
1.01%
Bank of America Corp.
1.00%
Morgan Stanley
1.00%
Morgan Stanley
0.98%
Frequently asked questions about FBDC and PGX
How have the FBDC and PGX ETFs performed in 2026?
As of October 15, 2026, FBDC is down -3.3% year-to-date (YTD), while PGX has lost -9.71%. That puts FBDC better performer ahead so far this year.
Which ETF is attracting more investor money: FBDC or PGX?
Year-to-date, the FBDC ETF saw +$2M in flows, compared to +$34M for PGX.
Which ETF is more volatile: FBDC or PGX?
Over the past year, FBDC had a volatility of 18.18%, while PGX experienced 5.48%.
Which ETF is bigger: FBDC or PGX?
As of October 15, 2026, FBDC holds $35.32 M in assets under management (AUM), while PGX manages $3.61 B.
What sectors do the FBDC and PGX ETFs invest in?
FBDC leans toward sectors like Finance. Meanwhile, PGX focuses on Finance and Utilities.
What are the top holdings of the FBDC ETF and PGX ETF?
FBDC top holdings include Main Street Capital Corp, Hercules Capital, Inc. and Ares Capital Corp.. PGX holds in its top three: JPMorgan Chase & Co., JPMorgan Chase & Co. and Wells Fargo & Co..
Which ETF is more diversified: FBDC or PGX?
FBDC holds 20 securities with 89.25% of its assets in the top 15. PGX has 270 securities and a top 15 weight of 18.05%.
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