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
Jun 15, 2021
1x
No Index (Active)
Expense Ratio
FPFD features an expense ratio of 0.59%, falling within the medium range.
Share Price Chart
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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 8.78% year-to-date (YTD) and 8.82% in the last 12 months.
FPFD
8.78%
-0.43%
3.05%
8.82%
N/A
N/A
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of FPFD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.43% | 0.24% | 2.08% | -2.02% | 2.15% | 0.64% | 0.99% | 1.71% | 2.29% | -1.37% | 0.46% | 8.78% | |
| 2023 | 8.88% | -1.61% | -3.74% | 1.29% | -1.63% | 0.85% | 1.86% | -0.12% | -0.94% | -2.66% | 5.66% | 3.26% | 10.91% |
| 2022 | -3.58% | -3.81% | -1.31% | -5.63% | 0.00% | -4.79% | 5.68% | -2.10% | -3.64% | -1.44% | 3.25% | -0.66% | -17.11% |
| 2021 | 0.60% | 0.74% | 0.59% | 0.08% | -0.13% | -1.65% | 1.68% | 1.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 78, FPFD is among the top 22% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 4.71% dividend yield over the last twelve months, with an annual payout of $1.02 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $1.02 | $1.06 | $1.03 | $0.40 |
Dividend yield | 4.71% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.09 | $0.09 | $0.08 | $0.07 | $0.12 | $0.07 | $0.09 | $0.09 | $0.08 | $0.08 | $0.00 | $0.93 |
| 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 | $1.06 |
| 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 | $1.03 |
| 2021 | $0.03 | $0.08 | $0.05 | $0.06 | $0.07 | $0.06 | $0.07 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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. Recovery took 472 trading sessions.
The current Fidelity Preferred Securities & Income ETF drawdown is 2.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.83% | Sep 20, 2021 | 277 | Oct 24, 2022 | 472 | Sep 11, 2024 | 749 |
| -2.68% | Oct 17, 2024 | 45 | Dec 19, 2024 | — | — | — |
| -0.98% | Sep 30, 2024 | 6 | Oct 7, 2024 | 7 | Oct 16, 2024 | 13 |
| -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 |
Volatility
Volatility Chart
The current Fidelity Preferred Securities & Income ETF volatility is 1.24%, 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.