Fidelity Preferred Securities & Income ETF (FPFD)
The ETF seeks to provide income by investing mainly in preferred securities rated at least BB by S&P, Ba by Moody's, or deemed comparable by a recognized credit rating agency, with a focus on income-producing securities like contingent convertibles and corporate hybrids.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Jun 15, 2021 |
| Category | Preferred Stock/Convertible Bonds |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Equity |
Expense Ratio
FPFD has a high expense ratio of 0.59%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FPFD vs. VGSH, FPFD vs. PFF
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Preferred Securities & Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Preferred Securities & Income ETF had a return of 2.63% year-to-date (YTD) and 10.36% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.63% | 5.21% |
| 1 month | -1.51% | -4.30% |
| 6 months | 11.29% | 18.42% |
| 1 year | 10.36% | 21.82% |
| 5 years (annualized) | N/A | 11.27% |
| 10 years (annualized) | N/A | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.42% | 0.24% | 2.08% | -2.02% | ||||||||
| 2023 | -2.67% | 5.66% | 3.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FPFD is 75, placing it in the top 25% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Fidelity Preferred Securities & Income ETF(FPFD)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Preferred Securities & Income ETF (FPFD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Preferred Securities & Income ETF granted a 4.98% dividend yield in the last twelve months. The annual payout for that period amounted to $1.05 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $1.05 | $1.06 | $1.03 | $0.40 |
Dividend yield | 4.98% | 5.09% | 5.22% | 1.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Preferred Securities & Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.09 | $0.09 | $0.08 | ||||||||
| 2023 | $0.09 | $0.08 | $0.09 | $0.08 | $0.08 | $0.11 | $0.08 | $0.09 | $0.10 | $0.08 | $0.10 | $0.10 |
| 2022 | $0.06 | $0.08 | $0.07 | $0.15 | $0.08 | $0.08 | $0.08 | $0.09 | $0.08 | $0.08 | $0.10 | $0.09 |
| 2021 | $0.03 | $0.08 | $0.05 | $0.06 | $0.07 | $0.06 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity 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 Fidelity Preferred Securities & Income ETF was 20.83%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Fidelity Preferred Securities & Income ETF drawdown is 6.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.83% | Sep 20, 2021 | 277 | Oct 24, 2022 | — | — | — |
| -0.49% | Aug 6, 2021 | 3 | Aug 10, 2021 | 14 | Aug 30, 2021 | 17 |
| -0.28% | Jul 19, 2021 | 2 | Jul 20, 2021 | 8 | Jul 30, 2021 | 10 |
| -0.12% | Jul 9, 2021 | 1 | Jul 9, 2021 | 5 | Jul 16, 2021 | 6 |
| -0.08% | Aug 31, 2021 | 1 | Aug 31, 2021 | 1 | Sep 1, 2021 | 2 |
Volatility
Volatility Chart
The current Fidelity Preferred Securities & Income ETF volatility is 1.30%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.