EVPF vs. FPE

Last updated Jun 4, 2026

EVPF (Eaton Vance Preferred Securities and Income ETF) and FPE (First Trust Preferred Securities & Income ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. EVPF charges 0.39%/yr vs 0.85%/yr for FPE.

Performance

EVPF vs. FPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Preferred Securities and Income ETF (EVPF) and First Trust Preferred Securities & Income ETF (FPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVPF

• 1D: 0.00%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FPE

• 1D: -0.11%
• 1M: 0.16%
• YTD: 0.97%
• 6M: 1.26%
• 1Y: 8.50%
• 3Y*: 10.04%
• 5Y*: 3.08%
• 10Y*: 5.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVPF vs. FPE - Yearly Performance Comparison

	2026 (YTD)
EVPF Eaton Vance Preferred Securities and Income ETF	1.16%
FPE First Trust Preferred Securities & Income ETF	0.09%

Correlation

The correlation between EVPF and FPE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026	0.88

Return for Risk

EVPF vs. FPE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPE

FPE Risk / Return Rank: 61
FPE Sharpe Ratio Rank: 65
FPE Sortino Ratio Rank: 67
FPE Omega Ratio Rank: 77
FPE Calmar Ratio Rank: 42
FPE Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVPF vs. FPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Preferred Securities and Income ETF (EVPF) and First Trust Preferred Securities & Income ETF (FPE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EVPF	FPE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.22	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.53	+0.60

Drawdowns

EVPF vs. FPE - Drawdown Comparison

The maximum EVPF drawdown since its inception was -2.36%, smaller than the maximum FPE drawdown of -33.35%. Use the drawdown chart below to compare losses from any high point for EVPF and FPE.

Drawdown Indicators

	EVPF	FPE	Difference
Max Drawdown Largest peak-to-trough decline	-2.36%	-33.35%	+30.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.35%	—
Current Drawdown Current decline from peak	-0.17%	-0.84%	+0.67%
Average Drawdown Average peak-to-trough decline	-0.52%	-3.33%	+2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.90%	—

Volatility

Volatility by Period

	EVPF	FPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	3.85%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.31%	6.61%	-2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.31%	10.17%	-5.86%

EVPF vs. FPE - Expense Ratio Comparison

EVPF has a 0.39% expense ratio, which is lower than FPE's 0.85% expense ratio.

Dividends

EVPF vs. FPE - Dividend Comparison

EVPF's dividend yield for the trailing twelve months is around 1.08%, less than FPE's 5.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FPE First Trust Preferred Securities & Income ETF	5.84%	5.81%	5.68%	6.03%	5.67%	4.48%	4.88%	5.32%	6.14%	5.39%	5.97%	5.49%

Frequently Asked Questions

Can I hold both EVPF and FPE in my portfolio?

EVPF and FPE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVPF or FPE?

On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVPF or FPE?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.85% for FPE.

Which ETF pays a higher dividend yield, EVPF or FPE?

FPE has the higher dividend yield at 5.84%, compared with 1.08% for EVPF.

What is the main difference between EVPF and FPE?

They also come from different issuers: Eaton Vance and First Trust. Their fees differ too: 0.39% for EVPF and 0.85% for FPE.