EVPF vs. FPEI
EVPF (Eaton Vance Preferred Securities and Income ETF) and FPEI (First Trust Institutional Preferred Securities & Income ETF) are both Preferred Stock funds. Both are actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. EVPF charges 0.39%/yr vs 0.85%/yr for FPEI.
Performance
EVPF vs. FPEI - Performance Comparison
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Returns By Period
EVPF
- 1D
- 0.16%
- 1M
- -0.49%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FPEI
- 1D
- 0.00%
- 1M
- -0.63%
- 6M
- 1.00%
- YTD
- 1.74%
- 1Y
- 6.47%
- 3Y*
- 9.51%
- 5Y*
- 3.90%
- 10Y*
- —
- ALL TIME*
- 4.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $219.09K | $314.39K | $349.89K | |
| $6.31M | $5.65M | $6.02M |
EVPF vs. FPEI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
EVPF Eaton Vance Preferred Securities and Income ETF | 1.26% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 0.77% |
Correlation
The correlation between EVPF and FPEI is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026 | 0.72 |
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Return for Risk
EVPF vs. FPEI — Risk / Return Rank
EVPF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FPEI
EVPF vs. FPEI - 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 Institutional Preferred Securities & Income ETF (FPEI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVPF | FPEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.81 | — |
| Martin ratioReturn relative to average drawdown | — | 8.82 | — |
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Drawdowns
EVPF vs. FPEI - Drawdown Comparison
The maximum EVPF drawdown since its inception was -2.36%, smaller than the maximum FPEI drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for EVPF and FPEI.
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Drawdown Indicators
| EVPF | FPEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -27.51% | +25.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.63% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.73% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -3.01% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.74% | — |
Volatility
EVPF vs. FPEI - Volatility Comparison
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Volatility by Period
| EVPF | FPEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 3.74% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 5.97% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 8.78% | -5.01% |
EVPF vs. FPEI - Expense Ratio Comparison
EVPF has a 0.39% expense ratio, which is lower than FPEI's 0.85% expense ratio.
Dividends
EVPF vs. FPEI - Dividend Comparison
EVPF's dividend yield for the trailing twelve months is around 2.10%, less than FPEI's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EVPF Eaton Vance Preferred Securities and Income ETF | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.81% | 5.62% | 5.55% | 5.76% | 5.20% | 4.46% | 4.90% | 5.02% | 5.81% | 1.50% |
Frequently Asked Questions
EVPF and FPEI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
EVPF is cheaper with a 0.39% expense ratio, compared with 0.85% for FPEI.
FPEI has the higher dividend yield at 5.81%, compared with 2.10% for EVPF.
They also come from different issuers: Eaton Vance and First Trust. Their fees differ too: 0.39% for EVPF and 0.85% for FPEI.
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