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First Trust Preferred Securities and Income Fund (FPEIX) Sharpe Ratio: 2.83

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (including investment borrowings) in preferred securities and other securities with similar economic characteristics.

FPEIX's Sharpe Ratio of 2.83 indicates that for each unit of volatility, it generates 2.83 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FPEIX Sharpe Ratio Rank

FPEIX Sharpe Ratio Rank: 87.387
Exceptional

FPEIX ranks above 87.3% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

FPEIX Sharpe Ratio Market Positioning

The chart shows FPEIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares First Trust Preferred Securities and Income Fund's Sharpe Ratio with other mutual funds in the Preferred Stock/Convertible Bonds category across multiple time periods, showing how FPEIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DPIIXDestra Flaherty & Crumrine Preferred and Income Fund3.88
PISHXCohen & Steers Preferred Securities and Income SMA Shares3.74
CPXIXCohen & Steers Preferred Securities and Income Fund, Inc.3.44
LPXZXCohen & Steers Low Duration Preferred and Income Fund3.42
PCSFXPrincipal Capital Securities Fund3.39
CICVXCalamos Convertible Fund3.12
CCVIXCalamos Convertible Fund3.10
FIQVXFidelity Advisor Convertible Securities Fund Class Z3.03
FICVXFidelity Advisor Convertible Securities Fund Class I3.01
FACVXFidelity Advisor Convertible Securities Fund Class A2.99
FPEIXFirst Trust Preferred Securities and Income Fund2.83

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FPEIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FPEIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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