FOVIX vs. FPEIX

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust/Confluence Small Cap Value Fund (FOVIX) and First Trust Preferred Securities and Income Fund (FPEIX).

FOVIX is managed by First Trust. It was launched on Jan 11, 2011. FPEIX is managed by First Trust. It was launched on Jan 10, 2011.

Performance

FOVIX vs. FPEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust/Confluence Small Cap Value Fund (FOVIX) and First Trust Preferred Securities and Income Fund (FPEIX). The values are adjusted to include any dividend payments, if applicable.

FOVIX vs. FPEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOVIX First Trust/Confluence Small Cap Value Fund	4.19%	-6.58%	-0.41%	6.42%	-19.26%	16.45%	2.06%	25.67%	-11.38%	18.72%
FPEIX First Trust Preferred Securities and Income Fund	-2.48%	9.48%	10.99%	5.32%	-11.60%	4.85%	6.01%	16.93%	-4.31%	11.57%

Returns By Period

FOVIX

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

FPEIX

• 1D: -0.05%
• 1M: -3.53%
• YTD: -2.48%
• 6M: -0.57%
• 1Y: 5.97%
• 3Y*: 9.41%
• 5Y*: 2.84%
• 10Y*: 4.99%

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

FOVIX vs. FPEIX - Expense Ratio Comparison

FOVIX has a 1.35% expense ratio, which is higher than FPEIX's 1.00% expense ratio.

FOVIX

First Trust/Confluence Small Cap Value Fund

FPEIX

First Trust Preferred Securities and Income Fund

Return for Risk

FOVIX vs. FPEIX — Risk / Return Rank

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

FPEIX

FPEIX Risk / Return Rank: 80
FPEIX Sharpe Ratio Rank: 87
FPEIX Sortino Ratio Rank: 85
FPEIX Omega Ratio Rank: 91
FPEIX Calmar Ratio Rank: 72
FPEIX Martin Ratio Rank: 64

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.

FOVIX vs. FPEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust/Confluence Small Cap Value Fund (FOVIX) and First Trust Preferred Securities and Income Fund (FPEIX). 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

	FOVIX	FPEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.82	—

Correlation

The correlation between FOVIX and FPEIX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FOVIX vs. FPEIX - Dividend Comparison

FOVIX's dividend yield for the trailing twelve months is around 16.01%, more than FPEIX's 4.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOVIX First Trust/Confluence Small Cap Value Fund	16.01%	16.68%	0.00%	1.43%	12.97%	0.89%	0.00%	0.00%	14.17%	5.61%	1.28%	1.48%
FPEIX First Trust Preferred Securities and Income Fund	4.64%	5.40%	5.60%	5.17%	5.30%	4.70%	4.88%	5.36%	5.93%	5.36%	5.66%	5.56%

Drawdowns

Drawdown Indicators

	FOVIX	FPEIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-27.83%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.83%	—
Current Drawdown Current decline from peak	—	-3.62%	—
Average Drawdown Average peak-to-trough decline	—	-2.88%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.98%	—

Volatility

Volatility by Period

	FOVIX	FPEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.82%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.22%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.52%	—