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ETF comparison

FPE vs PGX

Both Preferred Securities.

First Trust Preferred Securities and Income ETF · Invesco Preferred ETF

Holdings overlap

Weighted by ISIN/CUSIP
15.8 %

86 positions appear in both funds. Buying equal dollars of FPE and PGX would leave roughly 15.8% of each dollar exposed to the same underlying securities.

FPE only 82.9% Shared 15.8% PGX only 83.6%
In FPE only
173 positions
Shared
86 positions
In PGX only
179 positions

Side by side

FPE

First Trust Preferred Securities and Income ETF

First Trust · Preferred Securities

56 composite / 100
Expense ratio
0.83%
Net assets
$6.32B
TTM yield
5.93%
Top-10 conc.
14.9%
PGX

Invesco Preferred ETF

Invesco · Preferred Securities

67 composite / 100
Expense ratio
0.50%
Net assets
$3.86B
TTM yield
6.24%
Top-10 conc.
13.4%

Sub-score comparison

17
Cost
50
61
Tax efficiency
61
91
Liquidity
82
93
Concentration
95
—
Tracking quality
—
FPE sub-score PGX

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

PGX is 33 bps cheaper than FPE. On a $100,000 position that's about $330/yr more in fees for FPE.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with FPE vs PGX.

Top shared holdings

86 shared in total
# Holding In FPE In PGX Overlap
1 XCEL ENERGY INC 1.25% 0.82% 0.82%
2 NEXTERA ENERGY CAPITAL HOLDINGS INC 1.40% 0.82% 0.82%
3 AEGON FUNDING COMPANY LLC 0.97% 0.68% 0.68%
4 DTE ENERGY COMPANY 1.01% 0.56% 0.56%
5 ATHENE HOLDING LTD 0.69% 0.53% 0.53%
6 COREBRIDGE FINANCIAL INC 1.08% 0.52% 0.52%
7 ATHENE HOLDING LTD 0.49% 0.78% 0.49%
8 ATHENE HOLDING LTD 0.58% 0.47% 0.47%
9 EQUITABLE HOLDINGS INC 0.43% 0.61% 0.43%
10 BANK OF AMERICA CORP 0.42% 1.16% 0.42%
11 AFFILIATED MANAGERS GROUP INC 0.46% 0.41% 0.41%
12 TPG OPERATING GROUP II LP 0.50% 0.36% 0.36%

Only in FPE

173 total
  • BANK OF AMERICA CORP 2.52%
  • WELLS FARGO & COMPANY 2.07%
  • BARCLAYS PLC 1.65%
  • JP MORGAN CHASE & COMPANY 1.35%
  • CREDIT AGRICOLE SA 1.23%
  • CITIGROUP INC 1.20%
  • BNP PARIBAS SA 1.13%
  • CHARLES SCHWAB CORP (THE) 1.07%
  • HARTFORD INSURANCE GROUP INC (THE) 1.06%
  • GOLDMAN SACHS GROUP INC (THE) 1.04%

Only in PGX

179 total
  • JPMorgan Chase & Co. 1.72%
  • JPMorgan Chase & Co. 1.37%
  • Bank of America Corp. 1.26%
  • JPMorgan Chase & Co. 1.08%
  • Bank of America Corp. 1.02%
  • Bank of America Corp. 1.00%
  • Morgan Stanley 0.93%
  • AT&T Inc. 0.93%
  • Duke Energy Corp. 0.92%
  • Morgan Stanley 0.86%

Open FPE or PGX at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.