FPE Alternatives & Similar ETFs

First Trust Preferred Securities & Income ETF (FPE) belongs to the Preferred Stock/Convertible Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FPE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FPE

FPE charges 0.85% annually. There are 25 ETFs in the Preferred Stock/Convertible Bonds category with lower expense ratios, going as low as 0.20%.

Symbol	Name	Expense Ratio	AUM	Inception
ICVT	iShares Convertible Bond ETF	0.20%	7.48B	Jun 2015	FPE vs ICVT
PFFD	Global X U.S. Preferred ETF	0.23%	2.17B	Sep 2017	FPE vs PFFD
PFFV	Global X Variable Rate Preferred ETF	0.25%	304.58M	Jun 2020	FPE vs PFFV
EVPF	Eaton Vance Preferred Securities and Income ETF	0.39%	35.04M	Mar 2026	FPE vs EVPF
PFXF	VanEck Preferred Securities ex Financials ETF	0.40%	2.44B	Jul 2012	FPE vs PFXF

Best Risk-Adjusted Alternatives to FPE

FPE has a PortfoliosLab risk / return rank of 56. There are 12 ETFs in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 79.

Symbol	Name	Risk / Return Rank	AUM	Inception
NPFI	Nuveen Preferred And Income ETF	79	168.85M	Mar 2024	FPE vs NPFI
ICVT	iShares Convertible Bond ETF	76	7.48B	Jun 2015	FPE vs ICVT
PFLD	AAM Low Duration Preferred and Income Securities E...	73	487.73M	Nov 2019	FPE vs PFLD
FPEI	First Trust Institutional Preferred Securities & I...	73	1.92B	Aug 2017	FPE vs FPEI
VRP	Invesco Variable Rate Preferred ETF	73	2.99B	May 2014	FPE vs VRP

Top Performing FPE Alternatives (YTD)

FPE is at 1.18% YTD. There are 20 ETFs in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 18.95%.

Symbol	Name	YTD Return	AUM	Inception
ICVT	iShares Convertible Bond ETF	18.95%	7.48B	Jun 2015	FPE vs ICVT
FCVT	First Trust SSI Strategic Convertible Securities E...	18.52%	116.40M	Nov 2015	FPE vs FCVT
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	17.27%	6.03B	Apr 2009	FPE vs CWB
SPFF	Global X SuperIncome Preferred ETF	3.46%	140.39M	Jul 2012	FPE vs SPFF
CSPF	Cohen & Steers Preferred and Income Opportunities ...	3.14%	65.77M	Feb 2025	FPE vs CSPF

Lowest Volatility Alternatives to FPE

FPE has 3.90% 1-year volatility. There are 12 ETFs in the Preferred Stock/Convertible Bonds category with lower 1-year volatility, going as low as 2.90%.

Symbol	Name	Volatility 1Y	AUM	Inception
NPFI	Nuveen Preferred And Income ETF	2.90%	168.85M	Mar 2024	FPE vs NPFI
VRP	Invesco Variable Rate Preferred ETF	2.90%	2.99B	May 2014	FPE vs VRP
FPFD	Fidelity Preferred Securities & Income ETF	2.97%	81.24M	Jun 2021	FPE vs FPFD
CSSD	Cohen & Steers Short Duration Preferred and Income...	3.03%	17.00M	Dec 2025	FPE vs CSSD
PREF	Principal Spectrum Preferred Secs Active ETF	3.13%	1.70B	Jul 2017	FPE vs PREF

Lowest Drawdown Alternatives to FPE

FPE has a 1-year max drawdown of -4.08%. There are 12 ETFs in the Preferred Stock/Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -2.11%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
QTPI	North Square RCIM Tax-Advantaged Preferred and Inc...	-2.11%	74.29M	Dec 2024	FPE vs QTPI
PFLD	AAM Low Duration Preferred and Income Securities E...	-2.23%	487.73M	Nov 2019	FPE vs PFLD
FPFD	Fidelity Preferred Securities & Income ETF	-2.75%	81.24M	Jun 2021	FPE vs FPFD
PREF	Principal Spectrum Preferred Secs Active ETF	-2.88%	1.70B	Jul 2017	FPE vs PREF
VRP	Invesco Variable Rate Preferred ETF	-2.89%	2.99B	May 2014	FPE vs VRP

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	34	28.87%	14.26B	Jul 2015	FPE vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	58	19.10%	11.74B	Nov 2009	FPE vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	66	23.60%	10.80B	Mar 2014	FPE vs AIRR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	4	-7.65%	132.86M	Feb 2012	FPE vs NFTY
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	76	15.23%	7.48B	Mar 2006	FPE vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	18	-7.95%	510.89M	Mar 2021	FPE vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	94	86.56%	2.46B	Sep 2016	FPE vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	44	17.47%	4.34B	Aug 2012	FPE vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	54	20.15%	718.18M	Feb 2007	FPE vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	34	8.48%	3.40B	Mar 2018	FPE vs KNG

Often Compared With FPE

Investors most often compare FPE with PFF, PGX, PPSIX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PFF	iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	15	0.49%	13.39B	Mar 2007	FPE vs PFF
PGX	Invesco Preferred ETF	Preferred Stock/Convertible Bonds	14	-0.74%	3.90B	Jan 2008	FPE vs PGX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	Preferred Stock/Convertible Bonds	60	1.28%	—	Apr 2002	FPE vs PPSIX
QQQ	Invesco QQQ ETF	Nasdaq-100	58	16.13%	481.14B	Mar 1999	FPE vs QQQ
IYG	iShares U.S. Financial Services ETF	Financials Equities	21	2.49%	2.05B	Jun 2000	FPE vs IYG
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	86	20.66%	98.55B	Oct 2011	FPE vs SCHD
MGRVX	MFS International Growth Fund Class R4	Foreign Large Cap Equities	9	2.78%	—	Oct 2008	FPE vs MGRVX
DODIX	Dodge & Cox Income Fund	Intermediate Core-Plus Bond	24	0.18%	—	—	FPE vs DODIX
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Large Cap Value Equities	37	11.46%	3.29B	Oct 2012	FPE vs SPHD
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock/Convertible Bonds	34	1.63%	2.45B	May 2018	FPE vs PFFA
GPRF	Goldman Sachs Access U.S. Preferred Stock and Hybr...	Preferred Stock/Convertible Bonds	37	1.18%	104.70M	Jul 2024	FPE vs GPRF
JAAA	Janus Henderson AAA CLO ETF	CLO	99	2.33%	29.17B	Oct 2020	FPE vs JAAA
JHPI	John Hancock Preferred Income ETF	Preferred Stock/Convertible Bonds	57	1.76%	212.59M	Dec 2021	FPE vs JHPI
HLIPX	JPMorgan Core Plus Bond Fund	Intermediate Core-Plus Bond	24	0.30%	—	Mar 1993	FPE vs HLIPX
PQDI	Principal Spectrum Preferred and Income ETF	Preferred Stock/Convertible Bonds	63	1.70%	69.50M	Jun 2020	FPE vs PQDI
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.92%	97.69B	May 2020	FPE vs SGOV
VTV	Vanguard Value ETF	Large Cap Value Equities	90	16.06%	245.00B	Jan 2004	FPE vs VTV
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	57	1.59%	16.73B	Apr 2007	FPE vs HYG
NEFFX	American Funds The New Economy Fund® Class F-2	Global Equities	80	20.18%	—	Aug 2008	FPE vs NEFFX
PRFD	PIMCO Preferred And Capital Securities Active Exch...	Preferred Stock/Convertible Bonds	67	1.57%	222.53M	Jan 2023	FPE vs PRFD

Compare FPE with Any Fund or Stock

Compare FPE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair FPE with funds that move differently

First Trust Preferred Securities & Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FPE.

Explore FPE Diversifiers

First Trust Preferred Securities & Income ETF (FPE) Alternatives