RNMNvsPGFETF Comparison
VS
ETF 2
PGF
Invesco Financial Preferred ETF
RiverNorth Market Neutral ETF - USD (RNMN) belongs to the US Multi-Factor segment. Invesco Financial Preferred ETF (PGF) is part of the segment. RNMN's top 3 sector exposures are Finance, Non-Corporate and Consumer Non-Cyclicals. In contrast, PGF's top sector exposures are Finance. RNMN is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.56% for PGF. RNMN is up 1.82% year-to-date (YTD) with +$2M in YTD flows. PGF performs worse with -8.85% YTD performance, and -$95M in YTD flows. Run a side-by-side ETF comparison of RNMN 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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RNMN vs PGF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RNMN PGF | -0.23%-1.87% | -0.24%-6.54% | +1.82%-8.85% | +0.75%-10.23% | +18.23%+10.67% | n/a-12.51% |
| Flows | RNMN PGF | -$260K-$19M | -$260K-$38M | +$2M-$95M | +$2M-$103M | +$1M-$286M | --$718M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RNMN PGF | +1.09%+6.37% | +1.73%+5.59% | +2.24%+8.13% | n/a+10.61% |
| Max drawdown | RNMN PGF | -0.38%-8.02% | -1.16%-12.09% | -1.95%-13.17% | n/a-23.19% |
| Max drawdown duration | RNMN PGF | 32d88d | 104d353d | 75d729d | n/a1803d |
Trading data
RNMN | PGF | |
Last sale 10/16/2026 at 1:30 PM | $26.01 | $12.79 |
| Previous close 10/15/2026 | $26.02 | $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 17, 2026
1-year trailing difference
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RNMN
is actively managed and doesn’t replicate an indexRNMN | 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
RNMN | PGF | |
|---|---|---|
| Last price | $26.01 | $12.79 |
| 1D performance | -0.04% | -0.08% |
| AuM | $6.88 M | $601.45 M |
| E/R | 0.59% | 0.56% |
Characteristics
RNMN | PGF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | TrueShares | Invesco |
| Benchmark | - | ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index |
| N° of holdings | 128 | 42 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 12, 2022 | December 1, 2006 |
| ESG | No | No |
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Exposure
Countries
RNMN
USA
74.87%
Other
25.13%
PGF
USA
96.34%
Other
3.66%
Sectors
RNMN
Finance
82.75%
Other
17.25%
PGF
Finance
100%
Other
0%
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Diversification
RNMN
Total weight of top 15 holdings out of 15
33.75%
PGF
Total weight of top 15 holdings out of 15
28.57%
Top 15 holdings
Data as of August 31, 2026
RNMN
State Street Institutional US Government Money Market Fund
5.77%
Graf Global Corp.
2.63%
Solarius Capital Acquisition Corp.
2.10%
Activate Energy Acquisition Corp.
2.02%
Bitcoin Infrastructure Acquisition Corp. Ltd.
2.02%
Lafayette Digital Acquisition Corp. I
2.01%
SC II Acquisition Corp.
2.01%
Legato Merger Corp. IV
2.00%
SUMA Acquisition Corp.
2.00%
United Acquisition Corp. I
2.00%
EQV Ventures Acquisition Corp. II
1.99%
Hall Chadwick Acquisition Corp.
1.93%
Invest Green Acquisition Corp.
1.93%
KYG370731062
1.80%
Mountain Lake Acquisition Corp. II
1.54%
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 RNMN and PGF
How have the RNMN and PGF ETFs performed in 2026?
As of October 15, 2026, RNMN is up 1.82% year-to-date (YTD), while PGF has lost -8.85%. That puts RNMN better performer ahead so far this year.
Which ETF is attracting more investor money: RNMN or PGF?
Year-to-date, the RNMN ETF saw +$2M in flows, compared to -$95M for PGF.
Which ETF is more volatile: RNMN or PGF?
Over the past year, RNMN had a volatility of 1.73%, while PGF experienced 5.59%.
Which ETF is bigger: RNMN or PGF?
As of October 15, 2026, RNMN holds $6.88 M in assets under management (AUM), while PGF manages $601.45 M.
What sectors do the RNMN and PGF ETFs invest in?
RNMN leans toward sectors like Finance. Meanwhile, PGF focuses on Finance.
What are the top holdings of the RNMN ETF and PGF ETF?
RNMN top holdings include State Street Institutional US Government Money Market Fund, Graf Global Corp. and Solarius Capital Acquisition Corp.. PGF holds in its top three: JPMorgan Chase & Co., JPMorgan Chase & Co. and Wells Fargo & Co..
Which ETF is more diversified: RNMN or PGF?
RNMN holds 207 securities with 33.75% of its assets in the top 15. PGF has 100 securities and a top 15 weight of 28.57%.
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