PGXvsPBDCETF Comparison
ETF 1
PGX
Invesco Preferred ETF
VS
Invesco Preferred ETF (PGX) belongs to the segment. Putnam BDC Income ETF (PBDC) is part of the US Financials segment. PGX's top 3 sector exposures are Finance, Utilities and Telecommunications. In contrast, PBDC's top sector exposures are Finance and Non-Corporate. PGX is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 11.77% for PBDC. PGX is down -9.43% year-to-date (YTD) with +$54M in YTD flows. PBDC performs better with -8.45% YTD performance, and +$73M in YTD flows. Run a side-by-side ETF comparison of PGX and PBDC 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 PBDC 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 PBDC | -3.55%-5.97% | -7.17%-0.19% | -9.43%-8.45% | -11.43%-5.91% | +10.29%+17.75% | -12.50%n/a |
| Flows | PGX PBDC | +$100M-$2M | +$12M+$13M | +$54M+$73M | +$230M+$101M | -$458M+$301M | -$1.66B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PGX PBDC | +5.13%+17.32% | +5.29%+19.08% | +8.06%+16.83% | +10.48%n/a |
| Max drawdown | PGX PBDC | -7.18%-7.45% | -11.57%-15.60% | -12.65%-20.22% | -24.51%n/a |
| Max drawdown duration | PGX PBDC | 91d53d | 230d263d | 719d593d | 1793dn/a |
Trading data
PGX | PBDC | |
Last sale 10/6/2026 at 1:30 PM | $10.06 | $25.65 |
| Previous close 10/05/2026 | $10.07 | $26.55 |
| 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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PBDC
is actively managed and doesn’t replicate an indexPGX | PBDC | |
|---|---|---|
| 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 | PBDC | |
|---|---|---|
| Last price | $10.06 | $25.65 |
| 1D performance | -0.10% | -3.39% |
| AuM | $3.64 B | $287.37 M |
| E/R | 0.5% | 11.77% |
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Exposure
Countries
PGX
USA
94.01%
Other
5.99%
PBDC
USA
100%
Other
-0%
Sectors
PGX
Finance
79.85%
Utilities
11.17%
Other
8.98%
PBDC
Finance
99.83%
Other
0.17%
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Diversification
PGX
Total weight of top 15 holdings out of 15
18.05%
PBDC
Total weight of top 15 holdings out of 15
85.77%
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%
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%
Frequently asked questions about PGX and PBDC
How have the PGX and PBDC ETFs performed in 2026?
As of October 5, 2026, PGX is down -9.43% year-to-date (YTD), while PBDC has lost -8.45%. That puts PBDC better performer ahead so far this year.
Which ETF is attracting more investor money: PGX or PBDC?
Year-to-date, the PGX ETF saw +$54M in flows, compared to +$73M for PBDC.
Which ETF is more volatile: PGX or PBDC?
Over the past year, PGX had a volatility of 5.29%, while PBDC experienced 19.08%.
Which ETF is bigger: PGX or PBDC?
As of October 5, 2026, PGX holds $3.64 B in assets under management (AUM), while PBDC manages $287.37 M.
What sectors do the PGX and PBDC ETFs invest in?
PGX leans toward sectors like Finance and Utilities. Meanwhile, PBDC focuses on Finance.
What are the top holdings of the PGX ETF and PBDC ETF?
PGX top holdings include JPMorgan Chase & Co., JPMorgan Chase & Co. and Wells Fargo & Co.. PBDC holds in its top three: Blue Owl Technology Finance Corp, Blue Owl Capital Corp. and Ares Capital Corp..
Which ETF is more diversified: PGX or PBDC?
PGX holds 270 securities with 18.05% of its assets in the top 15. PBDC has 25 securities and a top 15 weight of 85.77%.
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Latest news about PGX & PBDC
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