PGFvsFBDCETF Comparison
ETF 1
PGF
Invesco Financial Preferred ETF
VS
ETF 2
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
-0.32%
Invesco Financial Preferred ETF (PGF) belongs to the segment. FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) is part of the Uncategorized Equities segment. Both ETFs have the same top 1 sector exposures: Finance. PGF is less expensive with a Total Expense Ratio (TER) of 0.56%, versus 12.44% for FBDC. PGF is down -9.01% year-to-date (YTD) with -$97M in YTD flows. FBDC performs better with -3.3% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of PGF and FBDC 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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PGF vs FBDC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PGF FBDC | -2.80%-2.82% | -6.55%-0.43% | -9.01%-3.30% | -9.98%-0.95% | +10.47%n/a | -12.58%n/a |
| Flows | PGF FBDC | -$21M+$858K | -$40M+$2M | -$97M+$2M | -$106M-$219K | -$289M- | -$721M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PGF FBDC | +6.37%+16.00% | +5.58%+18.18% | +8.12%n/a | +10.61%n/a |
| Max drawdown | PGF FBDC | -8.02%-8.57% | -12.09%-14.81% | -13.17%n/a | -23.19%n/a |
| Max drawdown duration | PGF FBDC | 89d63d | 354d239d | 730dn/a | 1804dn/a |
Trading data
PGF | FBDC | |
Last sale 10/16/2026 at 1:30 PM | $12.79 | $16.41 |
| Previous close 10/15/2026 | $12.80 | $16.70 |
| 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 18, 2026
1-year trailing difference
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FBDC
is actively managed and doesn’t replicate an indexPGF | FBDC | |
|---|---|---|
| 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
PGF | FBDC | |
|---|---|---|
| Last price | $12.79 | $16.41 |
| 1D performance | -0.08% | -1.74% |
| AuM | $597.79 M | $35.32 M |
| E/R | 0.56% | 12.44% |
Characteristics
PGF | FBDC | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | First Trust |
| Benchmark | ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index | - |
| N° of holdings | 42 | 20 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 1, 2006 | June 27, 2025 |
| ESG | No | No |
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Exposure
Countries
PGF
USA
96.34%
Other
3.66%
FBDC
USA
95.59%
Other
4.41%
Sectors
PGF
Finance
100%
Other
0%
FBDC
Finance
95.59%
Other
4.41%
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Diversification
PGF
Total weight of top 15 holdings out of 15
28.57%
FBDC
Total weight of top 15 holdings out of 15
89.25%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about PGF and FBDC
How have the PGF and FBDC ETFs performed in 2026?
As of October 16, 2026, PGF is down -9.01% year-to-date (YTD), while FBDC has lost -3.3%. That puts FBDC better performer ahead so far this year.
Which ETF is attracting more investor money: PGF or FBDC?
Year-to-date, the PGF ETF saw -$97M in flows, compared to +$2M for FBDC.
Which ETF is more volatile: PGF or FBDC?
Over the past year, PGF had a volatility of 5.58%, while FBDC experienced 18.18%.
Which ETF is bigger: PGF or FBDC?
As of October 16, 2026, PGF holds $597.79 M in assets under management (AUM), while FBDC manages $35.32 M.
What sectors do the PGF and FBDC ETFs invest in?
PGF leans toward sectors like Finance. Meanwhile, FBDC focuses on Finance.
What are the top holdings of the PGF ETF and FBDC ETF?
PGF top holdings include JPMorgan Chase & Co., JPMorgan Chase & Co. and Wells Fargo & Co.. FBDC holds in its top three: Main Street Capital Corp, Hercules Capital, Inc. and Ares Capital Corp..
Which ETF is more diversified: PGF or FBDC?
PGF holds 100 securities with 28.57% of its assets in the top 15. FBDC has 20 securities and a top 15 weight of 89.25%.
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