PFLD was created on 2019-11-19 by AAM. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 494.21m in AUM and 160 holdings. PFLD tracks a market-value weighted U.S. index of short-term preferred and hybrid securities that are multifactor-selected.
PGX was created on 2008-01-31 by Invesco. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 3886.1m in AUM and 262 holdings. PGX tracks an index of fixed rate USD-denominated preferred securities.
Key Details
Nov 19, 2019
Jan 31, 2008
Fixed Income
Fixed Income
Broad Credit
Broad Credit
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.
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7 Quarters Of Growth: What's Fueling The Rally In Preferred Shares?
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AAM Low Duration Preferred and Income Securities ETF has a 7.42% yield, low duration, and diversification. Click for why PFLD is ideal for income-focused investors.
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Capital solutions has become a catch-all moniker within private markets, leaving many asset allocators to scratch their heads as to what these funds actually do and the risks they take.
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Not all income-focused securities are created equal. Just because a product has "preferred" or "loan" in the name does not mean it behaves like every other securities with a similar label.
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PFLD focuses on preferred stocks and bonds with varying yields and maturities. Read how this ETF presents a mix of income-generating securities for investors.
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Preferred equity sits lower on the capital stack than bonds. Check out preferred securities ETFs, focused on dividend yields and performance metrics.
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7 Quarters Of Growth: What's Fueling The Rally In Preferred Shares?
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PGX offers exposure to approximately 84% of its assets in preferred stocks and 27% in bonds. Check out what types of investors the fund is structured for.
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Discover why First Trust Intermediate Duration Preferred & Income Fund offers a high 9.1% yield but faces currency risks. Click to see if FPF is right for you.
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Capital solutions has become a catch-all moniker within private markets, leaving many asset allocators to scratch their heads as to what these funds actually do and the risks they take.
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Not all income-focused securities are created equal. Just because a product has "preferred" or "loan" in the name does not mean it behaves like every other securities with a similar label.
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Class A shares outperformed the MSCI ACWI Growth Index and ranked in the 78th percentile of the Morningstar Global Large Stock Growth category for the first quarter.
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
DFDV | -31.40% | $218.16M | +1,755.57% | 0.00% |
NEOG | -12.63% | $1.02B | -72.43% | 0.00% |
K | -11.68% | $27.69B | +37.23% | 2.86% |
MVO | -9.70% | $64.97M | -38.92% | 18.29% |
AGL | -8.04% | $790.65M | -72.28% | 0.00% |
ZCMD | -7.41% | $26.01M | -8.84% | 0.00% |
UPXI | -6.92% | $262.78M | -29.57% | 0.00% |
STTK | -6.82% | $36.84M | -80.68% | 0.00% |
CVM | -6.45% | $58.53M | -74.69% | 0.00% |
SRRK | -4.45% | $3.59B | +316.63% | 0.00% |
UNH | -4.44% | $241.34B | -53.83% | 3.27% |
DG | -3.99% | $23.23B | -12.33% | 2.24% |
KR | -3.97% | $45.82B | +27.16% | 1.86% |
VSA | -3.88% | $10.63M | +30.19% | 0.00% |
EZPW | -3.87% | $732.78M | +27.83% | 0.00% |
ASPS | -2.30% | $104.37M | -10.71% | 0.00% |
GFI | -2.29% | $21.89B | +42.54% | 2.28% |
VRCA | -1.84% | $55.41M | -90.91% | 0.00% |
TNK | -1.66% | $1.55B | -29.75% | 2.34% |
CNK | -0.82% | $3.13B | +15.56% | 0.59% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
VIXY | -41.89% | $280.49M | 0.85% | |
VIXM | -41.16% | $25.97M | 0.85% | |
BTAL | -30.06% | $311.96M | 1.43% | |
TAIL | -26.57% | $88.17M | 0.59% | |
USDU | -18.28% | $138.04M | 0.5% | |
UUP | -13.57% | $203.41M | 0.77% | |
IVOL | -9.76% | $337.06M | 1.02% | |
CORN | -7.97% | $43.78M | 0.2% | |
CLIP | -7.07% | $1.51B | 0.07% | |
BILZ | -5.71% | $898.39M | 0.14% | |
KCCA | -4.98% | $108.67M | 0.87% | |
CTA | -4.01% | $1.14B | 0.76% | |
AGZD | -2.14% | $98.49M | 0.23% | |
BIL | -2.05% | $41.73B | 0.1356% | |
PSQA | -1.89% | $38.65M | 0.2% | |
UNG | -1.47% | $452.17M | 1.06% | |
TBLL | -1.37% | $2.13B | 0.08% | |
SGOV | -0.96% | $52.19B | 0.09% | |
KMLM | -0.42% | $188.51M | 0.9% | |
WEAT | 1.47% | $120.75M | 0.28% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
VIXY | -46.65% | $280.49M | 0.85% | |
VIXM | -44.06% | $25.97M | 0.85% | |
TAIL | -42.42% | $88.17M | 0.59% | |
BTAL | -27.96% | $311.96M | 1.43% | |
IVOL | -14.20% | $337.06M | 1.02% | |
CORN | -6.98% | $43.78M | 0.2% | |
USDU | -6.49% | $138.04M | 0.5% | |
FXE | -5.69% | $547.89M | 0.4% | |
FXY | -4.24% | $599.36M | 0.4% | |
CLIP | -3.85% | $1.51B | 0.07% | |
XHLF | -3.43% | $1.76B | 0.03% | |
KCCA | -3.33% | $108.67M | 0.87% | |
TBLL | -3.13% | $2.13B | 0.08% | |
TFLO | -2.69% | $6.72B | 0.15% | |
BIL | -2.20% | $41.73B | 0.1356% | |
UNG | -1.09% | $452.17M | 1.06% | |
UDN | -1.07% | $151.46M | 0.78% | |
BILS | -0.90% | $3.82B | 0.1356% | |
XONE | -0.76% | $632.14M | 0.03% | |
ULST | 0.50% | $575.58M | 0.2% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
PFF | 77.68% | $14.14B | 0.46% | |
FPE | 75.58% | $6.00B | 0.85% | |
PFFD | 74.74% | $2.30B | 0.23% | |
PGF | 73.80% | $781.30M | 0.54% | |
PGX | 73.69% | $3.80B | 0.51% | |
PSK | 72.10% | $805.96M | 0.45% | |
PFFV | 71.02% | $312.35M | 0.25% | |
PFXF | 68.18% | $1.84B | 0.4% | |
PHB | 66.93% | $349.18M | 0.5% | |
SPFF | 66.29% | $135.04M | 0.48% | |
HYDB | 66.21% | $1.52B | 0.35% | |
EMHY | 66.18% | $456.13M | 0.5% | |
VWOB | 65.98% | $4.47B | 0.15% | |
BINC | 65.86% | $10.59B | 0.4% | |
HYLS | 65.63% | $1.66B | 1.02% | |
BBHY | 65.48% | $598.82M | 0.07% | |
JNK | 65.43% | $8.27B | 0.4% | |
SHYG | 65.40% | $6.88B | 0.3% | |
HYG | 65.00% | $16.82B | 0.49% | |
FPEI | 65.00% | $1.63B | 0.85% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
PGF | 94.69% | $781.30M | 0.54% | |
PSK | 94.13% | $805.96M | 0.45% | |
PFFD | 92.64% | $2.30B | 0.23% | |
PFF | 91.99% | $14.14B | 0.46% | |
PFXF | 79.10% | $1.84B | 0.4% | |
SPFF | 77.94% | $135.04M | 0.48% | |
FPE | 76.26% | $6.00B | 0.85% | |
PFFV | 76.19% | $312.35M | 0.25% | |
PFLD | 73.69% | $495.07M | 0.45% | |
BYLD | 70.06% | $247.81M | 0.17% | |
DIAL | 69.93% | $378.08M | 0.29% | |
EMB | 69.92% | $13.58B | 0.39% | |
PHB | 69.45% | $349.18M | 0.5% | |
VWOB | 69.05% | $4.47B | 0.15% | |
CGMS | 68.65% | $3.00B | 0.39% | |
GEMD | 67.84% | $30.80M | 0.3% | |
JPMB | 67.62% | $46.78M | 0.39% | |
BINC | 67.28% | $10.59B | 0.4% | |
EMHC | 67.00% | $201.64M | 0.23% | |
LQD | 66.73% | $26.65B | 0.14% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
NLY | 55.89% | $12.45B | +3.31% | 13.09% |
NMAI | 55.87% | - | - | 11.94% |
BLK | 55.52% | $172.69B | +27.17% | 1.86% |
XWDIX | 55.10% | - | - | 11.94% |
NMRK | 54.38% | $2.75B | +14.79% | 0.80% |
RITM | 53.94% | $6.46B | +4.91% | 8.21% |
DX | 53.50% | $1.34B | +2.88% | 14.66% |
SPGI | 53.15% | $162.35B | +9.20% | 0.70% |
IVR | 52.23% | $503.14M | -15.97% | 19.44% |
MFA | 52.04% | $949.54M | -17.34% | 15.40% |
EFC | 51.98% | $1.23B | +2.21% | 12.22% |
MCO | 51.78% | $91.96B | +12.30% | 0.70% |
AGNC | 51.66% | $9.80B | -4.10% | 15.22% |
ARR | 51.61% | $1.50B | -18.66% | 17.57% |
JLL | 51.59% | $12.93B | +8.56% | 0.00% |
STWD | 51.38% | $7.27B | -1.75% | 9.81% |
GLAD | 51.25% | - | - | 7.12% |
NMFC | 51.21% | - | - | 12.38% |
BNT | 51.19% | $13.56B | +37.83% | 0.00% |
TRU | 50.94% | $18.81B | +6.97% | 0.45% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
NMRK | 59.80% | $2.75B | +14.79% | 0.80% |
JLL | 59.01% | $12.93B | +8.56% | 0.00% |
NLY | 58.03% | $12.45B | +3.31% | 13.09% |
CBRE | 55.88% | $46.91B | +39.62% | 0.00% |
CIGI | 55.19% | $7.48B | +9.72% | 0.20% |
MFA | 55.03% | $949.54M | -17.34% | 15.40% |
AGNC | 54.56% | $9.80B | -4.10% | 15.22% |
IVR | 54.38% | $503.14M | -15.97% | 19.44% |
CWK | 54.04% | $2.84B | -6.48% | 0.00% |
DX | 53.10% | $1.34B | +2.88% | 14.66% |
MMI | 53.01% | $1.22B | -20.93% | 1.62% |
ARR | 52.92% | $1.50B | -18.66% | 17.57% |
TRU | 52.65% | $18.81B | +6.97% | 0.45% |
WD | 51.46% | $2.57B | -29.27% | 3.52% |
MCO | 50.73% | $91.96B | +12.30% | 0.70% |
DEI | 50.69% | $2.58B | -4.35% | 4.95% |
RITM | 50.18% | $6.46B | +4.91% | 8.21% |
VNO | 49.88% | $7.41B | +28.68% | 1.92% |
RWT | 49.73% | $744.13M | -23.11% | 12.86% |
CIM | 49.57% | $1.11B | -6.16% | 10.88% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
KMLM | -0.42% | $188.51M | 0.9% | |
SGOV | -0.96% | $52.19B | 0.09% | |
TBLL | -1.37% | $2.13B | 0.08% | |
UNG | -1.47% | $452.17M | 1.06% | |
WEAT | 1.47% | $120.75M | 0.28% | |
PSQA | -1.89% | $38.65M | 0.2% | |
ASHR | 1.94% | $2.11B | 0.65% | |
BIL | -2.05% | $41.73B | 0.1356% | |
CNYA | 2.09% | $201.67M | 0.6% | |
AGZD | -2.14% | $98.49M | 0.23% | |
TFLO | 2.21% | $6.72B | 0.15% | |
SOYB | 3.04% | $24.86M | 0.22% | |
CANE | 3.67% | $13.94M | 0.29% | |
CTA | -4.01% | $1.14B | 0.76% | |
MMKT | 4.48% | $57.62M | 0.2% | |
KCCA | -4.98% | $108.67M | 0.87% | |
GBIL | 5.02% | $6.41B | 0.12% | |
KBA | 5.12% | $184.74M | 0.56% | |
BILZ | -5.71% | $898.39M | 0.14% | |
XHLF | 5.79% | $1.76B | 0.03% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
ULST | 0.50% | $575.58M | 0.2% | |
XONE | -0.76% | $632.14M | 0.03% | |
BILS | -0.90% | $3.82B | 0.1356% | |
BILZ | 1.06% | $898.39M | 0.14% | |
UDN | -1.07% | $151.46M | 0.78% | |
ISHG | 1.08% | $605.32M | 0.35% | |
UNG | -1.09% | $452.17M | 1.06% | |
UUP | 1.18% | $203.41M | 0.77% | |
GBIL | 1.22% | $6.41B | 0.12% | |
BIL | -2.20% | $41.73B | 0.1356% | |
CANE | 2.63% | $13.94M | 0.29% | |
TFLO | -2.69% | $6.72B | 0.15% | |
CTA | 3.12% | $1.14B | 0.76% | |
TBLL | -3.13% | $2.13B | 0.08% | |
KMLM | 3.26% | $188.51M | 0.9% | |
KCCA | -3.33% | $108.67M | 0.87% | |
XHLF | -3.43% | $1.76B | 0.03% | |
WEAT | 3.55% | $120.75M | 0.28% | |
CLIP | -3.85% | $1.51B | 0.07% | |
FXY | -4.24% | $599.36M | 0.4% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
COR | 0.08% | $56.56B | +22.67% | 0.74% |
EZPW | -0.11% | $732.78M | +27.83% | 0.00% |
CNK | -0.18% | $3.13B | +15.56% | 0.59% |
DG | 0.25% | $23.23B | -12.33% | 2.24% |
CME | 0.27% | $100.09B | +46.94% | 1.73% |
CREG | 0.29% | $4.71M | -81.10% | 0.00% |
EVH | -0.33% | $1.16B | -57.55% | 0.00% |
OCFT | 0.44% | $272.27M | +377.42% | 0.00% |
ASC | -0.54% | $435.49M | -50.55% | 6.31% |
SBDS | 0.56% | $22.44M | -84.14% | 0.00% |
CVS | -0.62% | $78.81B | +3.27% | 4.06% |
TRUG | 0.70% | $5.19M | -91.06% | 0.00% |
INSW | -0.70% | $2.02B | -19.85% | 1.20% |
UUU | -0.76% | $8.10M | +138.10% | 0.00% |
STNG | -0.79% | $2.33B | -40.40% | 3.53% |
LITB | 0.81% | $22.98M | -66.66% | 0.00% |
NEXA | 0.85% | $627.76M | -34.53% | 0.00% |
CYD | 0.85% | $830.28M | +137.70% | 4.11% |
MNOV | -0.88% | $66.21M | +0.75% | 0.00% |
TK | -1.13% | $640.91M | +15.73% | 0.00% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
DFDV | -15.67% | $218.16M | +1,755.57% | 0.00% |
AGL | -10.66% | $790.65M | -72.28% | 0.00% |
VSA | -8.08% | $10.63M | +30.19% | 0.00% |
ZCMD | -7.55% | $26.01M | -8.84% | 0.00% |
SRRK | -6.87% | $3.59B | +316.63% | 0.00% |
BTCT | -5.42% | $26.17M | +52.78% | 0.00% |
NAT | -5.17% | $590.79M | -25.20% | 10.53% |
HUSA | -5.08% | $351.35M | -23.87% | 0.00% |
KR | -4.86% | $45.82B | +27.16% | 1.86% |
NEOG | -4.53% | $1.02B | -72.43% | 0.00% |
UNH | -3.90% | $241.34B | -53.83% | 3.27% |
NEUE | -3.44% | $61.01M | +4.65% | 0.00% |
TNK | -3.37% | $1.55B | -29.75% | 2.34% |
DHT | -3.36% | $1.80B | -4.60% | 7.31% |
MSIF | -3.35% | $726.09M | +28.49% | 8.05% |
HUM | -3.02% | $31.56B | -27.69% | 1.37% |
CBOE | -2.99% | $25.31B | +31.70% | 1.05% |
CNC | -2.58% | $12.67B | -66.47% | 0.00% |
CVM | -2.42% | $58.53M | -74.69% | 0.00% |
LRN | -2.24% | $5.62B | +69.98% | 0.00% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
DRD | <0.01% | $1.15B | +31.82% | 2.09% |
CYCN | 0.02% | $8.47M | -26.26% | 0.00% |
SAVA | -0.05% | $104.35M | -90.28% | 0.00% |
CPSH | 0.10% | $37.91M | +56.29% | 0.00% |
STG | -0.11% | $51.27M | +15.32% | 0.00% |
STNG | -0.15% | $2.33B | -40.40% | 3.53% |
SBDS | 0.15% | $22.44M | -84.14% | 0.00% |
CREG | 0.38% | $4.71M | -81.10% | 0.00% |
TRON | -0.42% | $156.94M | +746.15% | 0.00% |
ASC | 0.46% | $435.49M | -50.55% | 6.31% |
SHLS | 0.54% | $901.07M | -17.08% | 0.00% |
HUSA | 0.58% | $351.35M | -23.87% | 0.00% |
GO | -0.59% | $1.30B | -32.06% | 0.00% |
SBET | 0.77% | $1.96B | +150.77% | 0.00% |
CNK | -0.82% | $3.13B | +15.56% | 0.59% |
CBOE | 0.86% | $25.31B | +31.70% | 1.05% |
NAT | 1.18% | $590.79M | -25.20% | 10.53% |
BMNR | 1.19% | $3.86B | +196.60% | 0.00% |
DHT | 1.32% | $1.80B | -4.60% | 7.31% |
TBPH | 1.35% | $553.51M | +9.50% | 0.00% |
PFLD - AAM Low Duration Preferred and Income Securities ETF and PGX - Invesco Preferred ETF have a 43 holding overlap. Which accounts for a 11.0% overlap.
Number of overlapping holdings
43
% of overlapping holdings
10.97%
Name | Weight in PFLD | Weight in PGX |
---|---|---|
A AGPXXSHORT TERM INVT | 1.72% | 0.05% |
J JPMPRCJPMORGAN CHASE | 0.91% | 1.79% |
M MSPRIMORGAN STANLEY | 0.52% | 0.97% |
D DUKPRADUKE ENERGY COR | 0.52% | 0.95% |
M MSPRKMORGAN STANLEY | 0.50% | 0.92% |
M MSPREMORGAN STANLEY | 0.46% | 0.79% |
B BACPRBBANK OF AMERICA | 0.45% | 1.30% |
A ATHPRAATHENE HOLDING | 0.45% | 0.82% |
M MSPRFMORGAN STANLEY | 0.45% | 0.82% |
S SCHWPRDSCHWAB CHARLES | 0.39% | 0.71% |
AAM Low Duration Preferred and Income Securities ETF - PFLD is made up of 203 holdings. Invesco Preferred ETF - PGX is made up of 268 holdings.
Name | Weight |
---|---|
A AGPXXNT Invesco Shrt-Trm Inv Gov&Agcy Instl | 1.72% |
5 5CXJSQ0NT The Charles Schwab Corporation 4% | 1.06% |
5 5CYKDL2NT The Charles Schwab Corporation 4% | 1.06% |
5 5CXMTR4NT Goldman Sachs Group, Inc. 6.85% | 1.02% |
0.91% | |
5 5DDFDN6NT American Express Company 3.55% | 0.82% |
5 5580124NT TransCanada Trust 5.3% | 0.78% |
5 5CFTLT8NT Bank of America Corp. 5.88% | 0.76% |
5 5CSFQS0NT JPMorgan Chase & Co. 7.04% | 0.73% |
5 5CYFBV2NT Citigroup Inc. 3.88% | 0.70% |
5 5DFYPV5NT The Bank of New York Mellon Corp. 3.75% | 0.66% |
5 5CSVND3NT Entergy Corporation 7.13% | 0.65% |
5 5BDRYF9NT TransCanada Trust 5.88% | 0.63% |
5 5CCXLL8NT JPMorgan Chase & Co. 7.12% | 0.62% |
0.60% | |
5 5CYBZK5NT Edison International 5.38% | 0.57% |
5 5CPTVV3NT TransCanada Trust 5.5% | 0.57% |
5 5CSVXV5NT Citigroup Inc. 7.13% | 0.55% |
5 5CSXVP6NT Dominion Energy Inc 6.88% | 0.55% |
5 5CRXKB9NT NextEra Energy Capital Holdings Inc 6.7% | 0.54% |
5 5CMSKJ4NT Corebridge Financial Inc. 6.88% | 0.54% |
5 5CJKRM4NT Prudential Financial, Inc. 5.7% | 0.53% |
M MSPRIMorgan Stanley DR | 0.52% |
5 5540794NT U.S. Bancorp. 5.3% | 0.52% |
5 5CWCVN9NT MetLife Inc. 3.85% | 0.52% |
5 5936959NT Enbridge Inc. 5.5% | 0.52% |
0.52% | |
5 5CCFLD0NT Enterprise Products Operating LLC 5.25% | 0.52% |
5 5CTYWM9NT Enbridge Inc. 5.75% | 0.52% |
5 5CZGNS9NT Southern Co. 3.75% | 0.52% |
Name | Weight |
---|---|
1.79% | |
J JPMPRDJPMorgan Chase & Co Pfd | 1.62% |
1.47% | |
1.39% | |
1.39% | |
1.30% | |
T TPRCAT&T Inc 0% | 1.29% |
B BACPRMBank of America Corp Pfd | 1.17% |
1.15% | |
1.13% | |
1.11% | |
1.02% | |
M MERPRKBank of America Corp. 0% | 1.01% |
M MSPRQNT Morgan Stanley 6.625% PRF PERPETUAL USD 25 - Dep Rep 1/1000 Ser Q | 0.99% |
0.98% | |
M MSPRIMorgan Stanley DR | 0.97% |
0.95% | |
0.94% | |
T TPRAAT&T Inc 0% | 0.93% |
M MSPRKMorgan Stanley DR | 0.92% |
0.89% | |
0.88% | |
0.86% | |
0.84% | |
N NEEPRUNT NextEra Energy Capital Holdings Inc 0% | 0.84% |
0.83% | |
0.82% | |
M MSPRFMorgan Stanley DR | 0.82% |
B BACPRKBank of America Corp Pfd | 0.81% |
M MSPREMorgan Stanley DR | 0.79% |