FPE Alternatives & Similar ETFs

First Trust Preferred Securities & Income ETF (FPE) belongs to the Preferred Stock 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 23 ETFs in the Preferred Stock category with lower expense ratios, going as low as 0.23%.

Symbol	Name	Expense Ratio	AUM	Inception
PFFD	Global X U.S. Preferred ETF	0.23%	2.16B	Sep 2017	FPE vs PFFD
PFFV	Global X Variable Rate Preferred ETF	0.25%	305.03M	Jun 2020	FPE vs PFFV
EVPF	Eaton Vance Preferred Securities and Income ETF	0.39%	36.71M	Mar 2026	FPE vs EVPF
PFXF	VanEck Preferred Securities ex Financials ETF	0.40%	2.41B	Jul 2012	FPE vs PFXF
PSK	SPDR ICE Preferred Securities ETF	0.45%	691.70M	Sep 2009	FPE vs PSK

Best Risk-Adjusted Alternatives to FPE

FPE has a PortfoliosLab risk / return rank of 51. There are 9 ETFs in the Preferred Stock category with higher risk-adjusted ranks, going as high as 76.

Symbol	Name	Risk / Return Rank	AUM	Inception
NPFI	Nuveen Preferred And Income ETF	76	174.03M	Mar 2024	FPE vs NPFI
CSPF	Cohen & Steers Preferred and Income Opportunities ...	75	65.77M	Feb 2025	FPE vs CSPF
FPEI	First Trust Institutional Preferred Securities & I...	74	1.93B	Aug 2017	FPE vs FPEI
PFLD	AAM Low Duration Preferred and Income Securities E...	74	487.73M	Nov 2019	FPE vs PFLD
VRP	Invesco Variable Rate Preferred ETF	70	3.00B	May 2014	FPE vs VRP

Top Performing FPE Alternatives (YTD)

FPE is at 0.79% YTD. There are 19 ETFs in the Preferred Stock category with higher YTD returns, going as high as 4.06%.

Symbol	Name	YTD Return	AUM	Inception
SPFF	Global X SuperIncome Preferred ETF	4.06%	140.63M	Jul 2012	FPE vs SPFF
CSPF	Cohen & Steers Preferred and Income Opportunities ...	3.26%	65.77M	Feb 2025	FPE vs CSPF
CSSD	Cohen & Steers Short Duration Preferred and Income...	3.03%	17.00M	Dec 2025	FPE vs CSSD
PFFV	Global X Variable Rate Preferred ETF	2.94%	305.03M	Jun 2020	FPE vs PFFV
PFFR	InfraCap REIT Preferred ETF	2.67%	120.46M	Feb 2017	FPE vs PFFR

Lowest Volatility Alternatives to FPE

FPE has 3.92% 1-year volatility. There are 12 ETFs in the Preferred Stock category with lower 1-year volatility, going as low as 2.93%.

Symbol	Name	Volatility 1Y	AUM	Inception
NPFI	Nuveen Preferred And Income ETF	2.93%	174.03M	Mar 2024	FPE vs NPFI
VRP	Invesco Variable Rate Preferred ETF	2.94%	3.00B	May 2014	FPE vs VRP
CSSD	Cohen & Steers Short Duration Preferred and Income...	2.96%	17.00M	Dec 2025	FPE vs CSSD
FPFD	Fidelity Preferred Securities & Income ETF	3.01%	81.24M	Jun 2021	FPE vs FPFD
PREF	Principal Spectrum Preferred Secs Active ETF	3.11%	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 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%	3.00B	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 16 categories. AUM among these funds goes as high as $25B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	39	28.86%	14.31B	Jul 2015	FPE vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Infrastructure Equities, Alternative Energy Equities, Energy Equities	49	17.75%	11.67B	Nov 2009	FPE vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	54	19.12%	10.18B	Mar 2014	FPE vs AIRR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	8	-5.91%	118.19M	Feb 2012	FPE vs NFTY
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	92	18.16%	7.77B	Mar 2006	FPE vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	25	-6.56%	514.13M	Mar 2021	FPE vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	91	67.20%	1.27B	Sep 2016	FPE vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	43	14.88%	4.18B	Aug 2012	FPE vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities, Energy Equities	39	10.48%	586.61M	Feb 2007	FPE vs QCLN
RDVY	First Trust Rising Dividend Achievers ETF	Dividend, Large Cap Blend Equities	85	17.25%	24.89B	Jan 2014	FPE vs RDVY

Often Compared With FPE

Investors most often compare FPE with PFF, PGX, PPSIX. These 20 comparison targets span 13 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	20	0.89%	13.15B	Mar 2007	FPE vs PFF
PGX	Invesco Preferred ETF	Preferred Stock	12	-1.09%	3.79B	Jan 2008	FPE vs PGX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	Preferred Stock	53	0.64%	—	Apr 2002	FPE vs PPSIX
QQQ	Invesco QQQ ETF	Nasdaq-100	49	12.26%	452.80B	Mar 1999	FPE vs QQQ
ICVT	iShares Convertible Bond ETF	Convertible Bonds	60	15.73%	7.19B	Jun 2015	FPE vs ICVT
IYG	iShares U.S. Financial Services ETF	Financials Equities	26	4.15%	2.17B	Jun 2000	FPE vs IYG
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	95	24.03%	104.16B	Oct 2011	FPE vs SCHD
MGRVX	MFS International Growth Fund Class R4	Foreign Large Cap Equities	16	3.79%	—	Oct 2008	FPE vs MGRVX
DODIX	Dodge & Cox Income Fund	Intermediate Core-Plus Bond	25	-0.46%	—	—	FPE vs DODIX
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Low Volatility	53	12.28%	4.04B	Oct 2012	FPE vs SPHD
GPRF	Goldman Sachs Access U.S. Preferred Stock and Hybr...	Preferred Stock	37	0.94%	131.58M	Jul 2024	FPE vs GPRF
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock	29	1.20%	2.45B	May 2018	FPE vs PFFA
JAAA	Janus Henderson AAA CLO ETF	CLO	99	2.60%	29.22B	Oct 2020	FPE vs JAAA
JHPI	John Hancock Preferred Income ETF	Preferred Stock	61	1.69%	212.19M	Dec 2021	FPE vs JHPI
PQDI	Principal Spectrum Preferred and Income ETF	Preferred Stock	63	1.57%	70.10M	Jun 2020	FPE vs PQDI
HLIPX	JPMorgan Core Plus Bond Fund	Intermediate Core-Plus Bond	23	-0.53%	—	Mar 1993	FPE vs HLIPX
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	2.11%	99.95B	May 2020	FPE vs SGOV
FCVT	First Trust SSI Strategic Convertible Securities E...	Convertible Bonds	54	14.79%	100.83M	Nov 2015	FPE vs FCVT
VTV	Vanguard Value ETF	Large Cap Value Equities	93	16.37%	254.20B	Jan 2004	FPE vs VTV
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	59	1.54%	17.11B	Apr 2007	FPE vs HYG

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