First Trust Preferred Securities & Income ETF (FPE)

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First Trust Preferred Securities & Income ETF (FPE) is up 1.0% since the beginning of the year. FPE is currently trading at $18 per share. Investors who bought $1,000 worth of FPE shares 5 years ago would now be looking at an investment worth $1,164.

First Trust Preferred Securities & Income ETF (FPE) has returned 0.97% so far this year and 8.50% over the past 12 months. Over the last ten years, FPE has returned 5.04% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Feb 12, 2013, FPE's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +9.9%, while the worst month was Mar 2020 at -16.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FPE closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +8.6%, while the worst single day was Mar 18, 2020 at -15.6%.

First Trust Preferred Securities & Income ETF has an annualized alpha of 1.47%, beta of 0.27, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since February 13, 2013.

• This ETF participated in 37.57% of S&P 500 Index downside but only 31.42% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.27 may look defensive, but with R2 of 0.26 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.26 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FPE has an expense ratio of 0.85%, placing it in the medium range.

FPE ranks 62 for risk / return — better than 62% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and compare them to S&P 500 Index.

First Trust Preferred Securities & Income ETF provided a 5.84% dividend yield over the last twelve months, with an annual payout of $1.05 per share.

The table displays the monthly dividend distributions for First Trust Preferred Securities & Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Preferred Securities & Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Preferred Securities & Income ETF was 33.35%, occurring on Mar 18, 2020. Recovery took 164 trading sessions.

The current First Trust Preferred Securities & Income ETF drawdown is 0.84%.

The chart below shows the rolling one-month volatility.