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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to FPEI

FPEI charges 0.85% annually. Among ETFs in the Preferred Stock/Convertible Bonds category, these options have the lowest expense ratios among FPEI alternatives.

Symbol	Name	Expense Ratio	Inception
ICVT	iShares Convertible Bond ETF	0.20%	Jun 2, 2015	FPEI vs ICVT
PFFD	Global X U.S. Preferred ETF	0.23%	Sep 11, 2017	FPEI vs PFFD
PFFV	Global X Variable Rate Preferred ETF	0.25%	Jun 22, 2020	FPEI vs PFFV
QPFF	American Century Quality Preferred ETF	0.33%	Feb 16, 2021	FPEI vs QPFF
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	0.40%	Apr 14, 2009	FPEI vs CWB

Best Risk-Adjusted Alternatives to FPEI

Among ETFs in the Preferred Stock/Convertible Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
NPFI	Nuveen Preferred And Income ETF	88	Mar 5, 2024	FPEI vs NPFI
FCVT	First Trust SSI Strategic Convertible Securities E...	88	Nov 4, 2015	FPEI vs FCVT
ICVT	iShares Convertible Bond ETF	87	Jun 2, 2015	FPEI vs ICVT
PQDI	Principal Spectrum Preferred and Income ETF	86	Jun 16, 2020	FPEI vs PQDI
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	82	Apr 14, 2009	FPEI vs CWB

Top Performing FPEI Alternatives (YTD)

FPEI alternatives from the Preferred Stock/Convertible Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
ICVT	iShares Convertible Bond ETF	3.58%	Jun 2, 2015	FPEI vs ICVT
FCVT	First Trust SSI Strategic Convertible Securities E...	2.96%	Nov 4, 2015	FPEI vs FCVT
CWB	SPDR Bloomberg Barclays Convertible Securities ETF	2.86%	Apr 14, 2009	FPEI vs CWB
PFLD	AAM Low Duration Preferred and Income Securities E...	0.25%	Nov 19, 2019	FPEI vs PFLD
PFXF	VanEck Vectors Preferred Securities ex Financials ...	0.10%	Jul 16, 2012	FPEI vs PFXF

Lowest Volatility Alternatives to FPEI

FPEI alternatives from the Preferred Stock/Convertible Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
IPPP	Preferred-Plus ETF	0.00%	Dec 24, 2018	FPEI vs IPPP
QPFF	American Century Quality Preferred ETF	0.00%	Feb 16, 2021	FPEI vs QPFF
PQDI	Principal Spectrum Preferred and Income ETF	3.22%	Jun 16, 2020	FPEI vs PQDI
NPFI	Nuveen Preferred And Income ETF	3.26%	Mar 5, 2024	FPEI vs NPFI
PREF	Principal Spectrum Preferred Secs Active ETF	3.44%	Jul 10, 2017	FPEI vs PREF

Lowest Drawdown Alternatives to FPEI

FPEI alternatives from the Preferred Stock/Convertible Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
PREF	Principal Spectrum Preferred Secs Active ETF	-2.88%	Jul 10, 2017	FPEI vs PREF
JHPI	John Hancock Preferred Income ETF	-3.08%	Dec 14, 2021	FPEI vs JHPI
NPFI	Nuveen Preferred And Income ETF	-3.18%	Mar 5, 2024	FPEI vs NPFI
FPFD	Fidelity Preferred Securities & Income ETF	-3.18%	Jun 15, 2021	FPEI vs FPFD
PRFD	PIMCO Preferred And Capital Securities Active Exch...	-3.28%	Jan 18, 2023	FPEI vs PRFD

Other ETFs from First Trust

Most popular First Trust ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Technology Equities, Cybersecurity	12	-12.12%	Jul 7, 2015	FPEI vs CIBR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	5	-11.19%	Feb 14, 2012	FPEI vs NFTY
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	94	6.96%	Nov 17, 2009	FPEI vs GRID
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	79	15.49%	Mar 9, 2006	FPEI vs FDL
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	95	12.74%	Mar 10, 2014	FPEI vs AIRR
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	84	5.99%	Mar 2, 2021	FPEI vs IGLD
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	77	-2.96%	Aug 14, 2012	FPEI vs TDIV
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	25	1.24%	Mar 26, 2018	FPEI vs KNG
ROBT	First Trust Nasdaq Artificial Intelligence & Robot...	Technology Equities, Robotics	28	-11.00%	Feb 21, 2018	FPEI vs ROBT
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	87	4.23%	Feb 8, 2007	FPEI vs QCLN

Often Compared With FPEI

What investors most often compare with FPEI, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FPE	First Trust Preferred Securities & Income ETF	Preferred Stock/Convertible Bonds, Actively Managed	75	-1.22%	Feb 12, 2013	FPEI vs FPE
VRP	Invesco Variable Rate Preferred ETF	Preferred Stock/Convertible Bonds	72	-0.19%	May 1, 2014	FPEI vs VRP
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock/Convertible Bonds, Actively Managed	30	-3.22%	May 15, 2018	FPEI vs PFFA
PGF	Invesco Financial Preferred ETF	Preferred Stock/Convertible Bonds	20	-1.24%	Dec 1, 2006	FPEI vs PGF
PFF	iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	31	-1.42%	Mar 30, 2007	FPEI vs PFF
GTIP	Goldman Sachs Access Inflation Protected USD Bond ...	Inflation-Protected Bonds	39	0.49%	Oct 2, 2018	FPEI vs GTIP
AGZD	WisdomTree Interest Rate Hedged U.S. Aggregate Bon...	Nontraditional Bonds	86	1.24%	Dec 18, 2013	FPEI vs AGZD
SPFF	Global X SuperIncome Preferred ETF	Preferred Stock/Convertible Bonds	29	-3.61%	Jul 17, 2012	FPEI vs SPFF
PSK	SPDR ICE Preferred Securities ETF	Preferred Stock/Convertible Bonds	18	-1.59%	Sep 16, 2009	FPEI vs PSK
FTCB	First Trust Core Investment Grade ETF	Intermediate Core Bond	59	0.00%	Nov 7, 2023	FPEI vs FTCB
DALI	First Trust Dorsey Wright DALI 1 ETF	Tactical Allocation	46	-3.20%	May 14, 2018	FPEI vs DALI
FPEIX	First Trust Preferred Securities and Income Fund	Preferred Stock/Convertible Bonds	80	-2.48%	Jan 10, 2011	FPEI vs FPEIX
PGX	Invesco Preferred ETF	Preferred Stock/Convertible Bonds	23	-1.70%	Jan 31, 2008	FPEI vs PGX
PFFR	InfraCap REIT Preferred ETF	Preferred Stock/Convertible Bonds, REIT	21	-2.23%	Feb 7, 2017	FPEI vs PFFR
FSYD	Fidelity Sustainable High Yield ETF	High Yield Bonds	82	0.40%	Feb 15, 2022	FPEI vs FSYD
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	FPEI vs SPY
BND	Vanguard Total Bond Market ETF	Total Bond Market	59	0.05%	Apr 3, 2007	FPEI vs BND
EPRF	Innovator S&P High Quality Preferred ETF	Preferred Stock/Convertible Bonds	10	-4.28%	May 24, 2016	FPEI vs EPRF
FMSDX	Fidelity Multi-Asset Income Fund	Diversified Portfolio	80	0.32%	Sep 9, 2015	FPEI vs FMSDX
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	0.86%	May 26, 2020	FPEI vs SGOV

Compare FPEI with Any Fund or Stock

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

Symbol name

First Trust Institutional Preferred Securities & Income ETF

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