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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
16.5 %

90 positions appear in both funds. Buying equal dollars of FPE and PGX would leave roughly 16.5% of each dollar exposed to the same underlying securities.

FPE unmatched 82.4% Shared 16.5% PGX unmatched 83.3%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In FPE only
169 positions
Shared
90 positions
In PGX only
176 positions

Side by side

FPE

First Trust Preferred Securities and Income ETF

First Trust · Preferred Securities

55 composite / 100
Expense ratio
0.83%
Net assets
$5.99B
TTM yield
6.41%
Top-10 conc.
14.9%
PGX

Invesco Preferred ETF

Invesco · Preferred Securities

66 composite / 100
Expense ratio
0.50%
Net assets
$3.61B
TTM yield
6.90%
Top-10 conc.
13.1%

Sub-score comparison

17
Cost
50
60
Tax efficiency
59
90
Liquidity
81
93
Concentration
96
—
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

90 shared in total
# Holding In FPE In PGX Overlap
1 NEXTERA ENERGY CAPITAL HOLDINGS INC 1.33% 0.82% 0.82%
2 XCEL ENERGY INC 1.23% 0.82% 0.82%
3 AEGON FUNDING COMPANY LLC 0.93% 0.67% 0.67%
4 DTE ENERGY COMPANY 0.98% 0.56% 0.56%
5 ATHENE HOLDING LTD 0.71% 0.55% 0.55%
6 COREBRIDGE FINANCIAL INC 1.05% 0.52% 0.52%
7 ATHENE HOLDING LTD 0.49% 0.80% 0.49%
8 ATHENE HOLDING LTD 0.50% 0.48% 0.48%
9 BANK OF AMERICA CORP 0.43% 1.14% 0.43%
10 EQUITABLE HOLDINGS INC 0.42% 0.59% 0.42%
11 AFFILIATED MANAGERS GROUP INC 0.45% 0.41% 0.41%
12 TPG OPERATING GROUP II LP 0.48% 0.36% 0.36%

Only in FPE

169 total
  • BANK OF AMERICA CORP 2.52%
  • WELLS FARGO & COMPANY 2.08%
  • BARCLAYS PLC 1.67%
  • JP MORGAN CHASE & COMPANY 1.35%
  • BNP PARIBAS SA 1.26%
  • CREDIT AGRICOLE SA 1.21%
  • CITIGROUP INC 1.20%
  • HARTFORD INSURANCE GROUP INC (THE) 1.09%
  • CHARLES SCHWAB CORP (THE) 1.07%
  • GOLDMAN SACHS GROUP INC (THE) 1.04%

Only in PGX

176 total
  • JPMorgan Chase & Co. 1.77%
  • JPMorgan Chase & Co. 1.31%
  • Bank of America Corp. 1.27%
  • Bank of America Corp. 1.02%
  • Morgan Stanley 0.95%
  • Duke Energy Corp. 0.94%
  • AT&T Inc. 0.89%
  • Morgan Stanley 0.84%
  • Bank of America Corp. 0.84%
  • Capital One Financial Corp. 0.83%

Related comparisons

More comparisons with FPE

More comparisons with PGX

Percentages are holdings overlap with the named fund.

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.