FPEI Alternatives & Similar ETFs

First Trust Institutional Preferred Securities & Income ETF (FPEI) 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 FPEI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FPEI

FPEI 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	FPEI vs ICVT
PFFD	Global X U.S. Preferred ETF	0.23%	2.17B	Sep 2017	FPEI vs PFFD
PFFV	Global X Variable Rate Preferred ETF	0.25%	306.29M	Jun 2020	FPEI vs PFFV
QPFF	American Century Quality Preferred ETF	0.33%	78.51M	Feb 2021	FPEI vs QPFF
EVPF	Eaton Vance Preferred Securities and Income ETF	0.39%	32.18M	Mar 2026	FPEI vs EVPF

Best Risk-Adjusted Alternatives to FPEI

FPEI has a PortfoliosLab risk / return rank of 73. There are 5 ETFs in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 89.

Symbol	Name	Risk / Return Rank	AUM	Inception
FCVT	First Trust SSI Strategic Convertible Securities E...	89	122.33M	Nov 2015	FPEI vs FCVT
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	87	6.21B	Apr 2009	FPEI vs CWB
ICVT	iShares Convertible Bond ETF	87	7.11B	Jun 2015	FPEI vs ICVT
NPFI	Nuveen Preferred And Income ETF	77	166.00M	Mar 2024	FPEI vs NPFI
VRP	Invesco Variable Rate Preferred ETF	73	2.86B	May 2014	FPEI vs VRP

Top Performing FPEI Alternatives (YTD)

FPEI is at 1.66% YTD. There are 16 ETFs in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 27.14%.

Symbol	Name	YTD Return	AUM	Inception
FCVT	First Trust SSI Strategic Convertible Securities E...	27.14%	122.33M	Nov 2015	FPEI vs FCVT
ICVT	iShares Convertible Bond ETF	25.28%	7.11B	Jun 2015	FPEI vs ICVT
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	24.93%	6.21B	Apr 2009	FPEI vs CWB
PFXF	VanEck Vectors Preferred Securities ex Financials ...	8.54%	2.51B	Jul 2012	FPEI vs PFXF
SPFF	Global X SuperIncome Preferred ETF	7.12%	144.35M	Jul 2012	FPEI vs SPFF

Lowest Volatility Alternatives to FPEI

FPEI has 3.69% 1-year volatility. There are 11 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
QPFF	American Century Quality Preferred ETF	0.00%	78.51M	Feb 2021	FPEI vs QPFF
IPPP	Preferred-Plus ETF	0.00%	11.44M	Dec 2018	FPEI vs IPPP
VRP	Invesco Variable Rate Preferred ETF	2.88%	2.86B	May 2014	FPEI vs VRP
NPFI	Nuveen Preferred And Income ETF	2.91%	166.00M	Mar 2024	FPEI vs NPFI
FPFD	Fidelity Preferred Securities & Income ETF	2.94%	83.35M	Jun 2021	FPEI vs FPFD

Lowest Drawdown Alternatives to FPEI

FPEI has a 1-year max drawdown of -3.63%. There are 11 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	FPEI vs QTPI
PFLD	AAM Low Duration Preferred and Income Securities E...	-2.23%	487.73M	Nov 2019	FPEI vs PFLD
FPFD	Fidelity Preferred Securities & Income ETF	-2.75%	83.35M	Jun 2021	FPEI vs FPFD
PREF	Principal Spectrum Preferred Secs Active ETF	-2.88%	1.70B	Jul 2017	FPEI vs PREF
VRP	Invesco Variable Rate Preferred ETF	-2.89%	2.86B	May 2014	FPEI 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	FPEI vs CIBR
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	79	28.91%	11.29B	Nov 2009	FPEI vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	3	-9.70%	133.88M	Feb 2012	FPEI vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	78	31.77%	10.62B	Mar 2014	FPEI vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	70	13.33%	7.39B	Mar 2006	FPEI vs FDL
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	28	1.69%	591.41M	Mar 2021	FPEI vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	97	115.70%	2.52B	Sep 2016	FPEI vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	83	30.57%	4.66B	Aug 2012	FPEI vs TDIV
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	20	2.20%	3.28B	Mar 2018	FPEI vs KNG
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	89	52.94%	895.30M	Feb 2007	FPEI vs QCLN

Often Compared With FPEI

Investors most often compare FPEI with FPE, PFFA, PGF. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FPE	First Trust Preferred Securities & Income ETF	Preferred Stock/Convertible Bonds	63	1.08%	6.34B	Feb 2013	FPEI vs FPE
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock/Convertible Bonds	56	3.08%	2.38B	May 2018	FPEI vs PFFA
PGF	Invesco Financial Preferred ETF	Preferred Stock/Convertible Bonds	23	-0.02%	699.16M	Dec 2006	FPEI vs PGF
PFF	iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	36	2.93%	13.82B	Mar 2007	FPEI vs PFF
GTIP	Goldman Sachs Access Inflation Protected USD Bond ...	Inflation-Protected Bonds	45	1.78%	278.69M	Oct 2018	FPEI vs GTIP
AGZD	WisdomTree Interest Rate Hedged U.S. Aggregate Bon...	Nontraditional Bonds	71	2.40%	92.79M	Dec 2013	FPEI vs AGZD
PSK	SPDR ICE Preferred Securities ETF	Preferred Stock/Convertible Bonds	21	-0.09%	720.72M	Sep 2009	FPEI vs PSK
FTCB	First Trust Core Investment Grade ETF	Intermediate Core Bond	41	0.36%	2.46B	Nov 2023	FPEI vs FTCB
DALI	First Trust Dorsey Wright DALI 1 ETF	Tactical Allocation	38	8.58%	115.39M	May 2018	FPEI vs DALI
FPEIX	First Trust Preferred Securities and Income Fund	Preferred Stock/Convertible Bonds	73	0.41%	—	Jan 2011	FPEI vs FPEIX
PGX	Invesco Preferred ETF	Preferred Stock/Convertible Bonds	24	-0.18%	3.82B	Jan 2008	FPEI vs PGX
PQDI	Principal Spectrum Preferred and Income ETF	Preferred Stock/Convertible Bonds	65	1.32%	68.90M	Jun 2020	FPEI vs PQDI
EPRF	Innovator S&P High Quality Preferred ETF	Preferred Stock/Convertible Bonds	13	-1.98%	71.11M	May 2016	FPEI vs EPRF
PFFR	InfraCap REIT Preferred ETF	Preferred Stock/Convertible Bonds, REIT	25	1.03%	116.70M	Feb 2017	FPEI vs PFFR
JHPI	John Hancock Preferred Income ETF	Preferred Stock/Convertible Bonds	72	2.07%	196.57M	Dec 2021	FPEI vs JHPI
GPRF	Goldman Sachs Access U.S. Preferred Stock and Hybr...	Preferred Stock/Convertible Bonds	49	1.40%	88.06M	Jul 2024	FPEI vs GPRF
PRFD	PIMCO Preferred And Capital Securities Active Exch...	Preferred Stock/Convertible Bonds	70	1.60%	212.22M	Jan 2023	FPEI vs PRFD
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	FPEI vs SPY
BND	Vanguard Total Bond Market ETF	Total Bond Market	37	0.27%	389.80B	Apr 2007	FPEI vs BND
CSPF	Cohen & Steers Preferred and Income Opportunities ...	Preferred Stock/Convertible Bonds	70	2.86%	65.77M	Feb 2025	FPEI vs CSPF

Compare FPEI with Any Fund or Stock

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

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Diversifiers

Pair FPEI with funds that move differently

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

Explore FPEI Diversifiers

First Trust Institutional Preferred Securities & Income ETF (FPEI) Alternatives