Yr mentioned powershares pay 30% less dividend. Not sure what their portfolio mix is compared to FFC, FLC and LCM. Further, yr mentioned powershares have no NAV and without, you may be paying a big premium. Both PGF and FFC have both lost 10% the past three months, but FFC held up better over the 3 month period; see here: http://finance.yahoo.com/q/bc?t=3m&s=PGF&l=on&z=l&q=l&c=ffc
On May 31st, financials comprised 37% of FFC holdings. Concern about banks may be cause of today's price drop, but more likely due to larger than normal shares traded due to holders dumping above average number of shares today. The higher divided rate for FFC should cushion the price decline here since interest rates are so low into the medium term due to Fed policy. I buy more shares when the price drops. Would not be too concerned about FFC since so well diversified and holdings of troubled banks are fairly low amounts.