FPEI vs PGX
First Trust Institutional Preferred Securities and Income ETF compared with Invesco Preferred ETF on yield, payout growth, payment schedule, cost and risk.
FPEI
First Trust Institutional Preferred Securities and Income ETF
TTM yield · Monthly
PGX
Invesco Preferred ETF
TTM yield · Monthly
Quick take
- PGX yields more today: 6.90% vs 6.06% (forward).
- FPEI has grown its payout faster: 2.1%/yr vs 0.3%/yr over the last 5 years.
- Both pay every month.
- Over the last year FPEI delivered the higher total return: +0.9% vs -8.7% (price change plus payouts).
- PGX is cheaper to own: 0.50% vs 0.85% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FPEI | PGX |
|---|---|---|
| Share price | $18.49 | $9.91 |
| TTM yield | 5.57% | 6.90% |
| Forward yield | 6.06% | 6.90% |
| Annual payout per share | $1.121 | $0.684 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 24, 2026 (est.) | Nov 16, 2026 (est.) |
| Expense ratio | 0.85% | 0.50% |
| 1-year payout growth | -11.1% | +1.0% |
| 5-year payout CAGR | +2.1% | +0.3% |
| Consecutive years of increases | 1 year | 0 years |
| Payout consistency (last 12) | 95/100 | 92/100 |
| 1-year total return | +0.9% | -8.7% |
| 1-year price return | -4.4% | -14.6% |
| Size (market cap / AUM) | 1.9B | 3.6B |
| Years paying | 9.1 | 18.7 |
| Sector / category | Preferred Stock | Preferred Stock |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FPEI | PGX | |
|---|---|---|
| Shares | 540.8 | 1,009.1 |
| Income per year | $606 | $690 |
| Income per month (avg) | $51 | $58 |
At forward yields, before taxes. Model FPEI · Model PGX
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FPEI Nov 23, 2026 | Dec 7, 2026 | $0.0934 | Est. |
| FPEI Dec 23, 2026 | Jan 6, 2027 | $0.0934 | Est. |
| FPEI Jan 22, 2027 | Feb 5, 2027 | $0.0934 | Est. |
| PGX Nov 16, 2026 | Nov 30, 2026 | $0.057 | Est. |
| PGX Dec 14, 2026 | Dec 28, 2026 | $0.057 | Est. |
| PGX Jan 11, 2027 | Jan 25, 2027 | $0.057 | Est. |
Annual payouts per share
FPEIPGX
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FPEI or PGX?
PGX currently has the higher trailing yield: FPEI yields 5.57% and PGX yields 6.90%. Yield changes daily with price, so check the live figures above.
How often do FPEI and PGX pay?
FPEI pays every month and PGX pays every month. FPEI's next ex-date is Oct 24, 2026 and PGX's is Nov 16, 2026.
Which has grown its dividend faster, FPEI or PGX?
FPEI has grown its payout faster: 2.1%/yr vs 0.3%/yr over the last 5 years.
Is FPEI or PGX better for income?
It depends on what you are optimising for. FPEI and PGX differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.