FCVT vs. QPFF

Last updated Jun 4, 2026

FCVT (First Trust SSI Strategic Convertible Securities ETF) and QPFF (American Century Quality Preferred ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. FCVT charges 0.95%/yr vs 0.33%/yr for QPFF.

Performance

FCVT vs. QPFF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust SSI Strategic Convertible Securities ETF (FCVT) and American Century Quality Preferred ETF (QPFF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FCVT

• 1D: -1.20%
• 1M: 7.08%
• YTD: 25.61%
• 6M: 25.00%
• 1Y: 47.07%
• 3Y*: 21.35%
• 5Y*: 7.58%
• 10Y*: 12.36%

QPFF

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

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

FCVT vs. QPFF - Yearly Performance Comparison

	2026 (YTD)
FCVT First Trust SSI Strategic Convertible Securities ETF	17.82%
QPFF American Century Quality Preferred ETF	0.00%

FCVT vs. QPFF - Sectors Allocation Comparison

Sectors	FCVT	QPFF
Utilities	1.3%	5.5%
Consumer Cyclical	0.7%	2.1%
Financial Services	0.7%	51.6%
Healthcare	0.7%	-
Basic Materials	-	0.3%
Communication Services	-	3.6%
Consumer Defensive	-	-
Energy	-	-
Industrials	-	1.2%
Real Estate	-	4.1%
Technology	-	-

Return for Risk

FCVT vs. QPFF — Risk / Return Rank

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

FCVT

FCVT Risk / Return Rank: 87
FCVT Sharpe Ratio Rank: 88
FCVT Sortino Ratio Rank: 83
FCVT Omega Ratio Rank: 82
FCVT Calmar Ratio Rank: 90
FCVT Martin Ratio Rank: 90

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.

FCVT vs. QPFF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust SSI Strategic Convertible Securities ETF (FCVT) and American Century Quality Preferred ETF (QPFF). 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.

	FCVT	QPFF	Difference
Sharpe ratio Return per unit of total volatility	2.97	—	—
Sortino ratio Return per unit of downside risk	3.76	—	—
Omega ratio Gain probability vs. loss probability	1.50	—	—
Calmar ratio Return relative to maximum drawdown	5.58	—	—
Martin ratio Return relative to average drawdown	20.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FCVT	QPFF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	—	—

Drawdowns

FCVT vs. QPFF - Drawdown Comparison

The maximum FCVT drawdown since its inception was -31.79%, which is greater than QPFF's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FCVT and QPFF.

Drawdown Indicators

	FCVT	QPFF	Difference
Max Drawdown Largest peak-to-trough decline	-31.79%	0.00%	-31.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.79%	—	—
Current Drawdown Current decline from peak	-1.20%	0.00%	-1.20%
Average Drawdown Average peak-to-trough decline	-10.36%	0.00%	-10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	—	—

Volatility

Volatility by Period

	FCVT	QPFF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	0.00%	+15.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	0.00%	+14.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	0.00%	+14.85%

FCVT vs. QPFF - Expense Ratio Comparison

FCVT has a 0.95% expense ratio, which is higher than QPFF's 0.33% expense ratio.

Dividends

FCVT vs. QPFF - Dividend Comparison

FCVT's dividend yield for the trailing twelve months is around 1.19%, while QPFF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCVT First Trust SSI Strategic Convertible Securities ETF	1.19%	1.98%	1.30%	1.76%	3.71%	23.07%	1.72%	1.60%	1.85%	2.18%	1.88%	0.59%
QPFF American Century Quality Preferred ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FCVT or QPFF?

On fees, QPFF is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCVT or QPFF?

QPFF is cheaper with a 0.33% expense ratio, compared with 0.95% for FCVT.

Which ETF pays a higher dividend yield, FCVT or QPFF?

FCVT has the higher dividend yield at 1.19%, compared with 0.00% for QPFF.

What is the main difference between FCVT and QPFF?

They also come from different issuers: First Trust and American Century. Their fees differ too: 0.95% for FCVT and 0.33% for QPFF.