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 26 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%	7.11B	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%	306.29M	Jun 2020	FPE vs PFFV
QPFF	American Century Quality Preferred ETF	0.33%	78.51M	Feb 2021	FPE vs QPFF
EVPF	Eaton Vance Preferred Securities and Income ETF	0.39%	32.18M	Mar 2026	FPE vs EVPF

Best Risk-Adjusted Alternatives to FPE

FPE has a PortfoliosLab risk / return rank of 61. There are 11 ETFs in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 87.

Symbol	Name	Risk / Return Rank	AUM	Inception
ICVT	iShares Convertible Bond ETF	87	7.11B	Jun 2015	FPE vs ICVT
FCVT	First Trust SSI Strategic Convertible Securities E...	87	122.33M	Nov 2015	FPE vs FCVT
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	83	6.21B	Apr 2009	FPE vs CWB
NPFI	Nuveen Preferred And Income ETF	76	166.00M	Mar 2024	FPE vs NPFI
VRP	Invesco Variable Rate Preferred ETF	71	2.86B	May 2014	FPE vs VRP

Top Performing FPE Alternatives (YTD)

FPE is at 0.97% YTD. There are 20 ETFs in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 25.61%.

Symbol	Name	YTD Return	AUM	Inception
FCVT	First Trust SSI Strategic Convertible Securities E...	25.61%	122.33M	Nov 2015	FPE vs FCVT
ICVT	iShares Convertible Bond ETF	25.28%	7.11B	Jun 2015	FPE vs ICVT
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	23.48%	6.21B	Apr 2009	FPE vs CWB
PFXF	VanEck Vectors Preferred Securities ex Financials ...	8.54%	2.51B	Jul 2012	FPE vs PFXF
SPFF	Global X SuperIncome Preferred ETF	6.91%	144.35M	Jul 2012	FPE vs SPFF

Lowest Volatility Alternatives to FPE

FPE has 3.85% 1-year volatility. There are 13 ETFs in the Preferred Stock/Convertible Bonds category with lower 1-year volatility, going as low as 0.00%.

Symbol	Name	Volatility 1Y	AUM	Inception
IPPP	Preferred-Plus ETF	0.00%	11.44M	Dec 2018	FPE vs IPPP
QPFF	American Century Quality Preferred ETF	0.00%	78.51M	Feb 2021	FPE vs QPFF
VRP	Invesco Variable Rate Preferred ETF	2.88%	2.86B	May 2014	FPE vs VRP
NPFI	Nuveen Preferred And Income ETF	2.91%	166.00M	Mar 2024	FPE vs NPFI
FPFD	Fidelity Preferred Securities & Income ETF	2.95%	83.35M	Jun 2021	FPE vs FPFD

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%	83.35M	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%	2.86B	May 2014	FPE vs VRP

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 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	Technology Equities, Cybersecurity	26	28.52%	13.68B	Jul 2015	FPE vs CIBR
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	79	28.91%	11.29B	Nov 2009	FPE vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	3	-9.70%	133.88M	Feb 2012	FPE vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	78	31.77%	10.62B	Mar 2014	FPE vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	70	13.33%	7.39B	Mar 2006	FPE vs FDL
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	28	1.69%	591.41M	Mar 2021	FPE vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	97	115.70%	2.52B	Sep 2016	FPE vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	83	30.57%	4.66B	Aug 2012	FPE vs TDIV
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	20	2.20%	3.28B	Mar 2018	FPE vs KNG
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	89	52.94%	895.30M	Feb 2007	FPE vs QCLN

Often Compared With FPE

Investors most often compare FPE with PFF, FPEI, PGX. 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/Convertible Bonds	36	2.93%	13.82B	Mar 2007	FPE vs PFF
FPEI	First Trust Institutional Preferred Securities & I...	Preferred Stock/Convertible Bonds	70	1.56%	1.88B	Aug 2017	FPE vs FPEI
PGX	Invesco Preferred ETF	Preferred Stock/Convertible Bonds	24	-0.18%	3.82B	Jan 2008	FPE vs PGX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	Preferred Stock/Convertible Bonds	64	0.80%	—	Apr 2002	FPE vs PPSIX
QQQ	Invesco QQQ ETF	Nasdaq-100	73	21.30%	493.99B	Mar 1999	FPE vs QQQ
IYG	iShares U.S. Financial Services ETF	Financials Equities	13	-6.51%	1.90B	Jun 2000	FPE vs IYG
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	80	19.01%	94.95B	Oct 2011	FPE vs SCHD
DODIX	Dodge & Cox Income Fund	Total Bond Market	29	0.51%	—	—	FPE vs DODIX
MGRVX	MFS International Growth Fund Class R4	Foreign Large Cap Equities	10	4.12%	—	Oct 2008	FPE vs MGRVX
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	S&P 500, Dividend	21	4.38%	3.23B	Oct 2012	FPE vs SPHD
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock/Convertible Bonds	56	3.08%	2.38B	May 2018	FPE vs PFFA
GPRF	Goldman Sachs Access U.S. Preferred Stock and Hybr...	Preferred Stock/Convertible Bonds	49	1.33%	88.06M	Jul 2024	FPE vs GPRF
JAAA	Janus Henderson AAA CLO ETF	CLO	98	1.87%	27.32B	Oct 2020	FPE vs JAAA
JHPI	John Hancock Preferred Income ETF	Preferred Stock/Convertible Bonds	68	1.67%	196.57M	Dec 2021	FPE vs JHPI
PQDI	Principal Spectrum Preferred and Income ETF	Preferred Stock/Convertible Bonds	63	1.19%	68.90M	Jun 2020	FPE vs PQDI
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.51%	91.90B	May 2020	FPE vs SGOV
HLIPX	JPMorgan Core Plus Bond Fund	Intermediate Core-Plus Bond	28	0.44%	—	Mar 1993	FPE vs HLIPX
VTV	Vanguard Value ETF	Large Cap Value Equities	79	12.30%	238.00B	Jan 2004	FPE vs VTV
PYLD	PIMCO ETF Trust - PIMCO Multisector Bond Active Ex...	Multisector Bonds	66	0.95%	13.03B	Jun 2023	FPE vs PYLD
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	55	1.32%	16.11B	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.

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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