PGXvsFBDCETF Comparison
ETF 1
PGX
Invesco Preferred ETF
VS
ETF 2
FBDC
FT Confluence BDC & Specialty Finance Income ETF - USD
This fund is part of
Uncategorized Equities
+0.24%
Invesco Preferred ETF (PGX) belongs to the segment. FT Confluence BDC & Specialty Finance Income ETF - USD (FBDC) is part of the Uncategorized Equities segment. PGX's top 3 sector exposures are Finance, Utilities and Telecommunications. In contrast, FBDC's top sector exposures are Finance. PGX is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 12.44% for FBDC. PGX is down -9.43% year-to-date (YTD) with +$54M in YTD flows. FBDC performs better with -3.37% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of PGX 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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PGX vs FBDC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PGX FBDC | -3.55%-3.30% | -7.17%+0.97% | -9.43%-3.37% | -11.43%-1.95% | +10.29%n/a | -12.50%n/a |
| Flows | PGX FBDC | +$100M+$858K | +$12M+$2M | +$54M+$2M | +$230M-$219K | -$458M- | -$1.66B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PGX FBDC | +5.13%+15.93% | +5.29%+18.64% | +8.06%n/a | +10.48%n/a |
| Max drawdown | PGX FBDC | -7.18%-6.89% | -11.57%-14.81% | -12.65%n/a | -24.51%n/a |
| Max drawdown duration | PGX FBDC | 91d53d | 230d239d | 719dn/a | 1793dn/a |
Trading data
PGX | FBDC | |
Last sale 10/6/2026 at 1:30 PM | $10.06 | $16.56 |
| Previous close 10/05/2026 | $10.07 | $16.68 |
| Consolidated volume 10/05/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 7, 2026
1-year trailing difference
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FBDC
is actively managed and doesn’t replicate an indexPGX | 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 10/6/2026 at 1:30 PM
Live
Closed
PGX | FBDC | |
|---|---|---|
| Last price | $10.06 | $16.56 |
| 1D performance | -0.10% | -0.72% |
| AuM | $3.64 B | $35.29 M |
| E/R | 0.5% | 12.44% |
Characteristics
PGX | FBDC | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | First Trust |
| Benchmark | ICE BofA Core Plus Fixed Rate Preferred Securities Index | - |
| N° of holdings | 166 | 20 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 31, 2008 | June 27, 2025 |
| ESG | No | No |
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Exposure
Countries
PGX
USA
94.01%
Other
5.99%
FBDC
USA
95.59%
Other
4.41%
Sectors
PGX
Finance
79.85%
Utilities
11.17%
Other
8.98%
FBDC
Finance
95.59%
Other
4.41%
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Diversification
PGX
Total weight of top 15 holdings out of 15
18.05%
FBDC
Total weight of top 15 holdings out of 15
89.25%
Top 15 holdings
Data as of August 31, 2026
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%
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 PGX and FBDC
How have the PGX and FBDC ETFs performed in 2026?
As of October 5, 2026, PGX is down -9.43% year-to-date (YTD), while FBDC has lost -3.37%. That puts FBDC better performer ahead so far this year.
Which ETF is attracting more investor money: PGX or FBDC?
Year-to-date, the PGX ETF saw +$54M in flows, compared to +$2M for FBDC.
Which ETF is more volatile: PGX or FBDC?
Over the past year, PGX had a volatility of 5.29%, while FBDC experienced 18.64%.
Which ETF is bigger: PGX or FBDC?
As of October 5, 2026, PGX holds $3.64 B in assets under management (AUM), while FBDC manages $35.29 M.
What sectors do the PGX and FBDC ETFs invest in?
PGX leans toward sectors like Finance and Utilities. Meanwhile, FBDC focuses on Finance.
What are the top holdings of the PGX ETF and FBDC ETF?
PGX 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: PGX or FBDC?
PGX holds 270 securities with 18.05% of its assets in the top 15. FBDC has 20 securities and a top 15 weight of 89.25%.
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