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ETF comparison

PGX vs VRP

Both Preferred Securities.

Invesco Preferred ETF · Invesco Variable Rate Preferred ETF

Holdings overlap

Weighted by ISIN/CUSIP
4.3 %

25 positions appear in both funds. Buying equal dollars of PGX and VRP would leave roughly 4.3% of each dollar exposed to the same underlying securities.

PGX only 95.1% Shared 4.3% VRP only 93.6%
In PGX only
240 positions
Shared
25 positions
In VRP only
306 positions

Side by side

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%
VRP

Invesco Variable Rate Preferred ETF

Invesco · Preferred Securities

65 composite / 100
Expense ratio
0.50%
Net assets
$2.98B
TTM yield
6.21%
Top-10 conc.
17.0%

Sub-score comparison

50
Cost
50
61
Tax efficiency
61
82
Liquidity
77
95
Concentration
90
—
Tracking quality
—
PGX sub-score VRP

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

Cost difference

Expense ratios are effectively identical (0.50% vs 0.50%).

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 PGX vs VRP.

Top shared holdings

25 shared in total
# Holding In PGX In VRP Overlap
1 Bank of America Corp. 1.00% 0.40% 0.40%
2 Athene Holding Ltd. 0.78% 0.31% 0.31%
3 Reinsurance Group of America, Inc. 0.66% 0.26% 0.26%
4 Apollo Global Management, Inc. 0.57% 0.23% 0.23%
5 KeyCorp 0.56% 0.23% 0.23%
6 Athene Holding Ltd. 0.53% 0.21% 0.21%
7 Jackson Financial Inc. 0.52% 0.21% 0.21%
8 Synchrony Financial 0.48% 0.19% 0.19%
9 Banc of California, Inc. 0.48% 0.19% 0.19%
10 Regions Financial Corp. 0.47% 0.19% 0.19%
11 Bank of New York Mellon Corp. (The) 0.47% 0.19% 0.19%
12 Athene Holding Ltd. 0.47% 0.19% 0.19%

Only in PGX

240 total
  • JPMorgan Chase & Co. 1.72%
  • JPMorgan Chase & Co. 1.57%
  • Wells Fargo & Co. 1.47%
  • JPMorgan Chase & Co. 1.37%
  • JPMorgan Chase & Co. 1.36%
  • AT&T Inc. 1.26%
  • Bank of America Corp. 1.26%
  • Bank of America Corp. 1.16%
  • AT&T Inc. 1.11%
  • Capital One Financial Corp. 1.08%

Only in VRP

306 total
  • Wells Fargo & Co. 1.30%
  • Bank of America Corp. 1.16%
  • JPMorgan Chase & Co. 1.16%
  • Citigroup Inc. 1.02%
  • Citigroup Capital XIII 0.99%
  • JPMorgan Chase & Co. 0.98%
  • Citigroup Inc. 0.96%
  • Bank of America Corp. 0.95%
  • BP Capital Markets PLC 0.93%
  • Goldman Sachs Group, Inc. (The) 0.89%

Open PGX or VRP 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.