FPE vs. DODIX
Compare and contrast key facts about First Trust Preferred Securities & Income ETF (FPE) and Dodge & Cox Income Fund (DODIX).
FPE is an actively managed fund by First Trust. It was launched on Feb 12, 2013. DODIX is managed by Dodge & Cox.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPE or DODIX.
Key characteristics
| FPE | DODIX | |
|---|---|---|
| YTD Return | 3.72% | -1.36% |
| 1Y Return | 16.76% | 3.17% |
| 3Y Return (Ann) | -0.31% | -1.67% |
| 5Y Return (Ann) | 3.20% | 1.57% |
| 10Y Return (Ann) | 4.53% | 2.36% |
| Sharpe Ratio | 3.13 | 0.48 |
| Daily Std Dev | 5.40% | 6.37% |
| Max Drawdown | -33.35% | -16.38% |
| Current Drawdown | -3.95% | -6.63% |
Correlation
The correlation between FPE and DODIX is 0.30, 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.
Performance
FPE vs. DODIX - Performance Comparison
In the year-to-date period, FPE achieves a 3.72% return, which is significantly higher than DODIX's -1.36% return. Over the past 10 years, FPE has outperformed DODIX with an annualized return of 4.53%, while DODIX has yielded a comparatively lower 2.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPE vs. DODIX - Expense Ratio Comparison
FPE has a 0.85% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Risk-Adjusted Performance
FPE vs. DODIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and Dodge & Cox Income Fund (DODIX). 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.
Dividends
FPE vs. DODIX - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.82%, more than DODIX's 4.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 5.82% | 6.03% | 5.67% | 4.48% | 4.88% | 5.32% | 6.14% | 5.39% | 5.97% | 5.49% | 6.00% | 4.69% |
DODIX Dodge & Cox Income Fund | 4.11% | 3.86% | 2.82% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% | 4.15% | 3.07% |
Drawdowns
FPE vs. DODIX - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, which is greater than DODIX's maximum drawdown of -16.38%. Use the drawdown chart below to compare losses from any high point for FPE and DODIX. For additional features, visit the drawdowns tool.
Volatility
FPE vs. DODIX - Volatility Comparison
First Trust Preferred Securities & Income ETF (FPE) and Dodge & Cox Income Fund (DODIX) have volatilities of 2.08% and 2.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.