FCEF vs. THRV
FCEF (First Trust CEF Income Opportunity ETF) and THRV (Prospera Income ETF) are both Diversified Portfolio funds. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. FCEF charges 2.91%/yr vs 1.80%/yr for THRV.
Performance
FCEF vs. THRV - Performance Comparison
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Returns By Period
In the year-to-date period, FCEF achieves a 7.77% return, which is significantly higher than THRV's 2.02% return.
FCEF
- 1D
- 0.24%
- 1M
- -0.30%
- 6M
- 4.68%
- YTD
- 7.77%
- 1Y
- 14.04%
- 3Y*
- 14.33%
- 5Y*
- 6.04%
- 10Y*
- —
- ALL TIME*
- 8.11%
THRV
- 1D
- 0.12%
- 1M
- 0.00%
- 6M
- 1.11%
- YTD
- 2.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $305.67K | $550.92K | $440.65K | |
| $158.10K | $111.61K | $97.25K |
FCEF vs. THRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FCEF First Trust CEF Income Opportunity ETF | 7.77% | 2.67% |
THRV Prospera Income ETF | 2.02% | 0.15% |
Correlation
The correlation between FCEF and THRV is 0.60, 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 Sep 30, 2025 | 0.60 |
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Return for Risk
FCEF vs. THRV — Risk / Return Rank
FCEF
THRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FCEF vs. THRV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust CEF Income Opportunity ETF (FCEF) and Prospera Income ETF (THRV). 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.
| FCEF | THRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | — | — |
| Martin ratioReturn relative to average drawdown | 8.25 | — | — |
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Drawdowns
FCEF vs. THRV - Drawdown Comparison
The maximum FCEF drawdown since its inception was -44.81%, which is greater than THRV's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for FCEF and THRV.
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Drawdown Indicators
| FCEF | THRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.81% | -1.50% | -43.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.32% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.39% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -0.42% | -5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | — | — |
Volatility
FCEF vs. THRV - Volatility Comparison
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Volatility by Period
| FCEF | THRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 2.88% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 2.88% | +9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 2.88% | +12.44% |
FCEF vs. THRV - Expense Ratio Comparison
FCEF has a 2.91% expense ratio, which is higher than THRV's 1.80% expense ratio.
Dividends
FCEF vs. THRV - Dividend Comparison
FCEF's dividend yield for the trailing twelve months is around 6.87%, more than THRV's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCEF First Trust CEF Income Opportunity ETF | 6.87% | 7.05% | 7.13% | 7.17% | 7.26% | 4.74% | 5.03% | 5.07% | 5.96% | 4.90% | 1.51% |
THRV Prospera Income ETF | 6.09% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCEF and THRV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, THRV is cheaper at 1.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
THRV is cheaper with a 1.80% expense ratio, compared with 2.91% for FCEF.
FCEF has the higher dividend yield at 6.87%, compared with 6.09% for THRV.
They also come from different issuers: First Trust and Prospera. Their fees differ too: 2.91% for FCEF and 1.80% for THRV.
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