PGX vs XLB

Invesco Preferred ETF vs Materials Select Sector SPDR

Quick take
  • XLB has the lower expense ratio at 0.08% vs 0.50% for PGX.
  • PGX pays a higher dividend yield (6.27%).

Side-by-side metrics

MetricPGXXLB
Expense ratio
Annual fee. Lower is better.
0.50%0.08%
Dividend yield
Trailing 12-month yield.
6.27%1.67%
AUM
Assets under management — bigger funds are typically more liquid.
$3.86B$8.17B
YTD return
-0.55%11.51%
1-year return
3-year return
Annualized.
5-year return
Annualized.
10-year return
Annualized.
Beta (3Y)
Volatility relative to the market. Closer to 1 = market-like.
1.210.82
P/E ratio
26.05
Last price
$10.86$50.51
Inception
Issuer
InvescoState Street

PGX top holdings

Top holdings · PGX
JPMPCJPMorgan Chase & Co 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE1.80%
JPMPDJPMorgan Chase & Co Pfd1.57%
WFCPZWells Fargo & Co 4.75% PRF PERPETUAL USD 25 Series Z Class A1.45%
JPMPLJPMorgan Chase & Co PRF PERPETUAL USD - Ser LL 1/400th Int1.33%
JPMPMJPMorgan Chase & Co PRF PERPETUAL USD - Ser MM 1/400th1.32%
BACPBBank of America Corp 6% PRF PERPETUAL USD 25 - Ser GG 1/1000th int1.30%
TPCAT&T Inc 4.75% PRF PERPETUAL USD 25 - 1/1000th Int Ser C1.20%
BACPMBank of America Corp Pfd1.14%
JPMPKJPMorgan Chase & Co PRF PERPETUAL USD 25 - Ser JJ 1/400 int1.06%
COFPICapital One Financial Corp Series I1.06%
Sector breakdown · PGX
Utilities100.0%

XLB top holdings

Top holdings · XLB
LINLinde PLC14.04%
NEMNewmont Corp5.84%
FCXFreeport-McMoRan Inc5.29%
CTVACorteva Inc4.95%
SHWSherwin-Williams Co4.93%
ECLEcolab Inc4.72%
VMCVulcan Materials Co4.71%
CRHCRH PLC4.66%
APDAir Products and Chemicals Inc4.62%
MLMMartin Marietta Materials Inc4.54%
Sector breakdown · XLB
Consumer Cyclical15.4%
Basic Materials84.6%

About PGX

PGX (Invesco Preferred ETF) is US investment-grade preferred stocks. Managed by Invesco, the fund carries $3.9B in assets under management, an expense ratio of 0.50%, a dividend yield of 6.27%. Its largest holding is JPMorgan Chase & Co 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE (JPMPC), which represents 1.8% of the portfolio. Utilities is the fund's largest sector exposure at 100.0%.

About XLB

XLB (Materials Select Sector SPDR) is S&P 500 materials sector. Managed by State Street, the fund carries $8.2B in assets under management, an expense ratio of 0.08%, a dividend yield of 1.67%. Its largest holding is Linde PLC (LIN), which represents 14.0% of the portfolio. Consumer Cyclical is the fund's largest sector exposure at 15.4%.