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- Upturn Summary
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Upturn AI Summary
Invesco Preferred ETF(PGX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PGX
10/07/2026: PGX (2-star) is currently NOT-A-BUY. Pass it for now.
PGX provides broad exposure to the US preferred stock market, primarily focusing on fixed-rate securities to generate consistent income. It is one of the largest and most liquid options in its sector, benefiting from Invesco's robust index-tracking capabilities. The fund is well-suited for income-oriented investors seeking diversification away from standard bonds, though it carries significant concentration risk in the financial sector. Investors should carefully monitor interest rate trends and banking sector health, as these are the primary drivers of both volatility and yield. Overall, PGX remains a reliable tool for core income allocations when investors understand the hybrid nature of the underlying securities.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | Preferred stocks offer limited capital appreciation potential compared to common equities. |
| Momentum investor | Weak fit | This asset class is generally stable and lacks the high volatility required for momentum strategies. |
| Value investor | Mixed fit | Value investors may appreciate the yield, but the interest rate sensitivity can complicate valuation. |
| Dividend/Income investor | Strong fit | The primary objective of the fund is to generate consistent income through dividend payments. |
| Low-risk investor | Mixed fit | While preferreds are less volatile than common stocks, they are subject to interest rate and credit risk. |
Investor Profile
Ideal Investor Profile
Income-focused investors seeking higher yields than traditional fixed income, who are comfortable with the risks associated with preferred stocks.
Suitability
Best suited for long-term income investors rather than short-term traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | Preferred securities can experience price swings driven by market interest rate changes. |
| Market risk | Medium / high | General market downturns often impact the financial institutions that issue most of these preferreds. |
| Concentration | High | The portfolio is heavily tilted toward the financial services sector, increasing industry-specific risk. |
| Tracking/expense | Low | Invesco provides highly efficient index tracking for this asset class. |
| Liquidity | Low | The fund itself is very liquid, though some underlying preferred issues may occasionally see lower volume. |
| Business/sector quality | Medium | The credit quality of issuers is crucial, as preferred dividends can be suspended. |
Risk Analysis
Volatility
PGX displays moderate volatility, generally falling between the risk levels of government bonds and common stocks.
Market Risk
The fund is heavily exposed to interest rate risk and credit risk inherent in the financial services sector.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | US Preferred Securities (Financial Sector) | 65 | Financial services firms dominate the preferred stock issuance market, providing the bulk of the fund's yield. |
| Fixed-income type | US Preferred Securities (Utilities/Industrial) | 30 | Utilities and industrial companies provide diversification within the preferred stock holdings. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Small cash buffers are maintained to manage liquidity needs and fund operations. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 16.04% | Avg. Invested days 65 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/07/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 7, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $3.63B |
| Issuer | Invesco |
| Expense Ratio | 0.5% |
| Distribution Yield | 6.85% |
| Inception | Jan 31, 2008 |
Performance
| Period | Total Return |
|---|---|
| YTD | -5.49% |
| 1 Year | -8.00% |
| 3 Year | +4.04% |
| 5 Year | -1.91% |
| 10 Year | +1.70% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 7.03% |
| 3Y Volatility | 9.9% |
| 3Y Sharpe Ratio | -0.08 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
| Sustainability Rating | 2 / 5 |
| Benchmark | BBgBarc US Agg Bond TR USD |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mid Cap | 0.84% |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Wells Fargo & | 1.40% |
| AT&T | 1.19% |
| Bank of America | 1.10% |
| Capital One Financial | 1.04% |
| AT&T. 5.35% GLB NTS 66 | 1.03% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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