First Trust Institutional Preferred Securities & Income ETF (FPEI)

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First Trust Institutional Preferred Securities & Income ETF (FPEI) is up 1.9% since the beginning of the year. FPEI is currently trading at $19 per share. Investors who bought $1,000 worth of FPEI shares 5 years ago would now be looking at an investment worth $1,227.

First Trust Institutional Preferred Securities & Income ETF (FPEI) has returned 1.93% so far this year and 7.95% over the past 12 months.

Based on dividend-adjusted daily data since Aug 23, 2017, FPEI's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.

Historically, 69% of months were positive and 31% were negative. The best month was Apr 2020 with a return of +6.9%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FPEI closed higher 53% of trading days. The best single day was Mar 19, 2020 with a return of +8.1%, while the worst single day was Mar 18, 2020 at -10.7%.

First Trust Institutional Preferred Securities & Income ETF has an annualized alpha of 2.40%, beta of 0.20, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since August 23, 2017.

• This ETF participated in 32.59% of S&P 500 Index downside but only 27.49% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.20 may look defensive, but with R2 of 0.19 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 0.19 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.

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

FPEI ranks 68 for risk / return — better than 68% 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.

First Trust Institutional Preferred Securities & Income ETF provided a 5.70% dividend yield over the last twelve months, with an annual payout of $1.10 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for First Trust Institutional 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 Institutional 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 Institutional Preferred Securities & Income ETF was 27.51%, occurring on Mar 23, 2020. Recovery took 160 trading sessions.

The current First Trust Institutional Preferred Securities & Income ETF drawdown is 0.10%.

The chart below shows the rolling one-month volatility.