FPEIX Alternatives & Similar Mutual Funds

First Trust Preferred Securities and Income Fund (FPEIX) belongs to the Preferred Stock/Convertible Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FPEIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FPEIX

FPEIX charges 1.00% annually. There are 11 mutual funds in the Preferred Stock/Convertible Bonds category with lower expense ratios, going as low as 0.59%.

Symbol	Name	Expense Ratio	AUM	Inception
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	0.59%	—	Oct 2018	FPEIX vs FIQVX
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	0.60%	—	Nov 2015	FPEIX vs LPXZX
FCVSX	Fidelity Convertible Securities Fund	0.67%	—	Jan 1987	FPEIX vs FCVSX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	0.70%	—	Feb 2009	FPEIX vs FICVX
NPSRX	Nuveen Preferred Securities & Income Fund	0.74%	—	Dec 2006	FPEIX vs NPSRX

Best Risk-Adjusted Alternatives to FPEIX

FPEIX has a PortfoliosLab risk / return rank of 65. There are 15 mutual funds in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
CICVX	Calamos Convertible Fund	90	—	Jun 1997	FPEIX vs CICVX
CCVIX	Calamos Convertible Fund	90	—	Jun 1985	FPEIX vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	87	—	Oct 2018	FPEIX vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	86	—	Feb 2009	FPEIX vs FICVX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	86	—	Feb 2009	FPEIX vs FACVX

Top Performing FPEIX Alternatives (YTD)

FPEIX is at -0.04% YTD. There are 19 mutual funds in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 26.74%.

Symbol	Name	YTD Return	AUM	Inception
CICVX	Calamos Convertible Fund	26.74%	—	Jun 1997	FPEIX vs CICVX
CCVIX	Calamos Convertible Fund	26.64%	—	Jun 1985	FPEIX vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	23.86%	—	Oct 2018	FPEIX vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	23.81%	—	Feb 2009	FPEIX vs FICVX
FCVSX	Fidelity Convertible Securities Fund	23.80%	—	Jan 1987	FPEIX vs FCVSX

Lowest Volatility Alternatives to FPEIX

FPEIX has 3.15% 1-year volatility. There are 7 mutual funds in the Preferred Stock/Convertible Bonds category with lower 1-year volatility, going as low as 1.87%.

Symbol	Name	Volatility 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	1.87%	—	Nov 2015	FPEIX vs LPXZX
PCSFX	Principal Capital Securities Fund	2.15%	—	Mar 2014	FPEIX vs PCSFX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.15%	—	Apr 2011	FPEIX vs DPIIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.41%	—	Feb 2019	FPEIX vs PISHX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	2.42%	—	Apr 2002	FPEIX vs PPSIX

Lowest Drawdown Alternatives to FPEIX

FPEIX has a 1-year max drawdown of -3.62%. There are 8 mutual funds in the Preferred Stock/Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -2.14%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	-2.14%	—	Nov 2015	FPEIX vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	-2.39%	—	Apr 2011	FPEIX vs DPIIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	-2.83%	—	Feb 2019	FPEIX vs PISHX
PCSFX	Principal Capital Securities Fund	-2.97%	—	Mar 2014	FPEIX vs PCSFX
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	-3.00%	—	May 2010	FPEIX vs CPXIX

Other Mutual Funds from First Trust

The 3 most viewed First Trust mutual funds shown here include VARBX, FFA, FDHIX and span 3 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VARBX	Vivaldi Merger Arbitrage Fund Class I	Event Driven	98	1.90%	—	Oct 2015	FPEIX vs VARBX
FFA	First Trust Enhanced Equity Income Fund	Derivative Income	34	3.15%	—	Aug 2004	FPEIX vs FFA
FDHIX	First Trust Short Duration High Income Fund	Bank Loan	36	-0.37%	—	Oct 2012	FPEIX vs FDHIX

Often Compared With FPEIX

Investors most often compare FPEIX with PFFA, FCPI, FPEI. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PFFA	Virtus InfraCap U.S. Preferred Stock ETF	Preferred Stock/Convertible Bonds	44	2.26%	2.42B	May 2018	FPEIX vs PFFA
FCPI	Fidelity Stocks for Inflation ETF	Large Cap Blend Equities	50	9.35%	279.57M	Nov 2019	FPEIX vs FCPI
FPEI	First Trust Institutional Preferred Securities & I...	Preferred Stock/Convertible Bonds	69	1.95%	1.89B	Aug 2017	FPEIX vs FPEI
FMSDX	Fidelity Multi-Asset Income Fund	Diversified Portfolio	45	6.88%	—	Sep 2015	FPEIX vs FMSDX
BNDX	Vanguard Total International Bond ETF	Global Bonds	18	1.27%	122.00B	May 2013	FPEIX vs BNDX
BBUS	JPMorgan BetaBuilders U.S. Equity ETF	Large Cap Blend Equities	56	7.57%	8.54B	Mar 2019	FPEIX vs BBUS
LBFFX	Lord Abbett Convertible Fund Class F	Preferred Stock/Convertible Bonds	82	21.32%	—	—	FPEIX vs LBFFX
FMY	First Trust Mortgage Income Fund	Mortgage Backed Securities	6	-1.19%	—	May 2005	FPEIX vs FMY
FCT	First Trust Senior Floating Rate Income Fund II	Bank Loan	20	1.16%	—	Jan 2013	FPEIX vs FCT
FTHY	First Trust High Yield Opportunities 2027 Term Fun...	High Yield Bonds	7	1.53%	—	Jun 2020	FPEIX vs FTHY
FPF	First Trust Intermediate Duration Preferred and In...	Preferred Stock/Convertible Bonds	8	-0.31%	—	Apr 2009	FPEIX vs FPF
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock/Convertible Bonds	72	2.12%	—	Apr 2015	FPEIX vs PFINX
SBFCX	Victory INCORE Investment Grade Convertible Fund C...	Preferred Stock/Convertible Bonds	46	5.81%	—	—	FPEIX vs SBFCX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Preferred Stock/Convertible Bonds	85	23.49%	—	Feb 2009	FPEIX vs FTCVX
JPDIX	JPMorgan Preferred and Income Securities Fund	Preferred Stock/Convertible Bonds	73	1.18%	—	Mar 2022	FPEIX vs JPDIX
KIFAX	Salient Select Income Fund	Preferred Stock/Convertible Bonds	15	2.70%	—	Mar 2001	FPEIX vs KIFAX
HPF	John Hancock Preferred Income Fund II	Preferred Stock/Convertible Bonds	24	2.93%	—	Jan 2005	FPEIX vs HPF
JPC	Nuveen Preferred and Income Opportunities Fund	Preferred Stock/Convertible Bonds	9	0.03%	—	Mar 2003	FPEIX vs JPC
PTA	Cohen & Steers Tax-Advantaged Preferred Securities...	Preferred Stock/Convertible Bonds	6	2.50%	—	—	FPEIX vs PTA
FPFD	Fidelity Preferred Securities & Income ETF	Preferred Stock/Convertible Bonds	52	0.66%	83.02M	Jun 2021	FPEIX vs FPFD

Compare FPEIX with Any Fund or Stock

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

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Diversifiers

Pair FPEIX with funds that move differently

First Trust Preferred Securities and Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FPEIX.

Explore FPEIX Diversifiers

First Trust Preferred Securities and Income Fund (FPEIX) Alternatives