PBDCvsPGFETF Comparison
VS
ETF 2
PGF
Invesco Financial Preferred ETF
Putnam BDC Income ETF (PBDC) belongs to the US Financials segment. Invesco Financial Preferred ETF (PGF) is part of the segment. PBDC's top 2 sector exposures are Finance and Non-Corporate. In contrast, PGF's top sector exposures are Finance. PBDC is more expensive with a Total Expense Ratio (TER) of 11.77%, versus 0.56% for PGF. PBDC is down -10.58% year-to-date (YTD) with +$65M in YTD flows. PGF performs better with -9.01% YTD performance, and -$97M in YTD flows. Run a side-by-side ETF comparison of PBDC and PGF 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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PBDC vs PGF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBDC PGF | -5.81%-2.80% | -4.85%-6.55% | -10.58%-9.01% | -5.46%-9.98% | +11.58%+10.47% | n/a-12.58% |
| Flows | PBDC PGF | -$9M-$21M | +$3M-$40M | +$65M-$97M | +$80M-$106M | +$293M-$289M | --$721M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBDC PGF | +17.66%+6.37% | +18.67%+5.58% | +16.88%+8.12% | n/a+10.61% |
| Max drawdown | PBDC PGF | -9.61%-8.02% | -15.60%-12.09% | -20.22%-13.17% | n/a-23.19% |
| Max drawdown duration | PBDC PGF | 64d89d | 274d354d | 604d730d | n/a1804d |
Trading data
PBDC | PGF | |
Last sale 10/16/2026 at 1:30 PM | $25.20 | $12.79 |
| Previous close 10/15/2026 | $25.70 | $12.80 |
| 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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PBDC
is actively managed and doesn’t replicate an indexPBDC | PGF | |
|---|---|---|
| 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
PBDC | PGF | |
|---|---|---|
| Last price | $25.20 | $12.79 |
| 1D performance | -1.95% | -0.08% |
| AuM | $265.29 M | $597.79 M |
| E/R | 11.77% | 0.56% |
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Exposure
Countries
PBDC
USA
100%
Other
-0%
PGF
USA
96.34%
Other
3.66%
Sectors
PBDC
Finance
99.83%
Other
0.17%
PGF
Finance
100%
Other
0%
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Diversification
PBDC
Total weight of top 15 holdings out of 15
85.77%
PGF
Total weight of top 15 holdings out of 15
28.57%
Top 15 holdings
Data as of August 31, 2026
PBDC
Blue Owl Technology Finance Corp
10.90%
Blue Owl Capital Corp.
10.61%
Ares Capital Corp.
10.21%
Hercules Capital, Inc.
8.50%
Main Street Capital Corp
7.80%
Golub Capital BDC, Inc.
5.30%
Trinity Capital, Inc.
4.80%
Sixth Street Specialty Lending, Inc.
4.15%
Blackstone Secured Lending Fund
4.10%
Barings BDC, Inc.
3.50%
MSC Income Fund, Inc.
3.37%
Kayne Anderson BDC, Inc.
3.33%
Capital Southwest Corp
3.29%
FS KKR Capital Corp.
3.11%
Oaktree Specialty Lending Corp.
2.78%
PGF
JPMorgan Chase & Co.
2.82%
JPMorgan Chase & Co.
2.42%
Wells Fargo & Co.
2.29%
JPMorgan Chase & Co.
2.07%
JPMorgan Chase & Co.
2.06%
Bank of America Corp.
2.03%
Capital One Financial Corp.
1.81%
Bank of America Corp.
1.79%
The Allstate Corp.
1.70%
JPMorgan Chase & Co.
1.66%
Athene Holding Ltd.
1.62%
M&T Bank Corp.
1.58%
Bank of America Corp.
1.57%
Morgan Stanley
1.57%
Morgan Stanley
1.56%
Frequently asked questions about PBDC and PGF
How have the PBDC and PGF ETFs performed in 2026?
As of October 16, 2026, PBDC is down -10.58% year-to-date (YTD), while PGF has lost -9.01%. That puts PGF better performer ahead so far this year.
Which ETF is attracting more investor money: PBDC or PGF?
Year-to-date, the PBDC ETF saw +$65M in flows, compared to -$97M for PGF.
Which ETF is more volatile: PBDC or PGF?
Over the past year, PBDC had a volatility of 18.67%, while PGF experienced 5.58%.
Which ETF is bigger: PBDC or PGF?
As of October 16, 2026, PBDC holds $265.29 M in assets under management (AUM), while PGF manages $597.79 M.
What sectors do the PBDC and PGF ETFs invest in?
PBDC leans toward sectors like Finance. Meanwhile, PGF focuses on Finance.
What are the top holdings of the PBDC ETF and PGF ETF?
PBDC top holdings include Blue Owl Technology Finance Corp, Blue Owl Capital Corp. and Ares Capital Corp.. PGF holds in its top three: JPMorgan Chase & Co., JPMorgan Chase & Co. and Wells Fargo & Co..
Which ETF is more diversified: PBDC or PGF?
PBDC holds 25 securities with 85.77% of its assets in the top 15. PGF has 100 securities and a top 15 weight of 28.57%.
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