RNMNvsPGXETF Comparison
VS
ETF 2
PGX
Invesco Preferred ETF
RiverNorth Market Neutral ETF - USD (RNMN) belongs to the US Multi-Factor segment. Invesco Preferred ETF (PGX) is part of the segment. RNMN's top 3 sector exposures are Finance, Non-Corporate and Consumer Non-Cyclicals. In contrast, PGX's top sector exposures are Finance, Utilities and Telecommunications. RNMN is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.5% for PGX. RNMN is up 1.88% year-to-date (YTD) with +$2M in YTD flows. PGX performs worse with -10.26% YTD performance, and +$37M in YTD flows. Run a side-by-side ETF comparison of RNMN and PGX 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 PGX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | RNMN PGX | -0.25%-3.34% | -0.19%-7.45% | +1.88%-10.26% | +1.16%-11.22% | +18.30%+9.78% | n/a-14.74% |
| Flows | RNMN PGX | -$260K+$91M | -$260K+$11M | +$2M+$37M | +$2M+$211M | +$1M-$524M | --$1.66B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | RNMN PGX | +1.09%+5.70% | +1.77%+5.39% | +2.24%+8.05% | n/a+10.49% |
| Max drawdown | RNMN PGX | -0.32%-8.07% | -1.16%-12.66% | -1.95%-13.73% | n/a-24.51% |
| Max drawdown duration | RNMN PGX | 31d91d | 104d239d | 75d728d | n/a1802d |
Trading data
RNMN | PGX | |
Last sale 10/15/2026 at 1:30 PM | $26.04 | $10.10 |
| Previous close 10/14/2026 | $26.04 | $9.98 |
| Consolidated volume 10/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 15, 2026
1-year trailing difference
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RNMN
is actively managed and doesn’t replicate an indexRNMN | PGX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/15/2026 at 1:30 PM
Live
Closed
RNMN | PGX | |
|---|---|---|
| Last price | $26.04 | $10.10 |
| 1D performance | +0.00% | +1.15% |
| AuM | $6.88 M | $3.59 B |
| E/R | 0.59% | 0.5% |
Characteristics
RNMN | PGX | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | TrueShares | Invesco |
| Benchmark | - | ICE BofA Core Plus Fixed Rate Preferred Securities Index |
| N° of holdings | 128 | 166 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 12, 2022 | January 31, 2008 |
| ESG | No | No |
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Exposure
Countries
RNMN
USA
74.87%
Other
25.13%
PGX
USA
94.01%
Other
5.99%
Sectors
RNMN
Finance
82.75%
Other
17.25%
PGX
Finance
79.85%
Utilities
11.17%
Other
8.98%
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Diversification
RNMN
Total weight of top 15 holdings out of 15
33.75%
PGX
Total weight of top 15 holdings out of 15
18.05%
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%
United Acquisition Corp. I
2.00%
SUMA Acquisition Corp.
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%
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%
Frequently asked questions about RNMN and PGX
How have the RNMN and PGX ETFs performed in 2026?
As of October 14, 2026, RNMN is up 1.88% year-to-date (YTD), while PGX has lost -10.26%. That puts RNMN better performer ahead so far this year.
Which ETF is attracting more investor money: RNMN or PGX?
Year-to-date, the RNMN ETF saw +$2M in flows, compared to +$37M for PGX.
Which ETF is more volatile: RNMN or PGX?
Over the past year, RNMN had a volatility of 1.77%, while PGX experienced 5.39%.
Which ETF is bigger: RNMN or PGX?
As of October 14, 2026, RNMN holds $6.88 M in assets under management (AUM), while PGX manages $3.59 B.
What sectors do the RNMN and PGX ETFs invest in?
RNMN leans toward sectors like Finance. Meanwhile, PGX focuses on Finance and Utilities.
What are the top holdings of the RNMN ETF and PGX ETF?
RNMN top holdings include State Street Institutional US Government Money Market Fund, Graf Global Corp. and Solarius Capital Acquisition Corp.. PGX holds in its top three: JPMorgan Chase & Co., JPMorgan Chase & Co. and Wells Fargo & Co..
Which ETF is more diversified: RNMN or PGX?
RNMN holds 207 securities with 33.75% of its assets in the top 15. PGX has 270 securities and a top 15 weight of 18.05%.
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