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.
Performance
FPE vs. DODIX - Performance Comparison
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FPE vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | -1.22% | 9.21% | 11.17% | 6.84% | -12.77% | 5.24% | 6.00% | 18.15% | -4.98% | 11.26% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Returns By Period
In the year-to-date period, FPE achieves a -1.22% return, which is significantly lower than DODIX's -0.19% return. Over the past 10 years, FPE has outperformed DODIX with an annualized return of 5.23%, while DODIX has yielded a comparatively lower 3.02% annualized return.
FPE
- 1D
- 0.74%
- 1M
- -2.57%
- YTD
- -1.22%
- 6M
- 0.25%
- 1Y
- 7.01%
- 3Y*
- 9.91%
- 5Y*
- 3.03%
- 10Y*
- 5.23%
DODIX
- 1D
- 0.63%
- 1M
- -2.32%
- YTD
- -0.19%
- 6M
- 1.09%
- 1Y
- 5.10%
- 3Y*
- 4.90%
- 5Y*
- 1.40%
- 10Y*
- 3.02%
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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.
Return for Risk
FPE vs. DODIX — Risk / Return Rank
FPE
DODIX
FPE vs. DODIX - Risk-Adjusted Trends 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.
| FPE | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.15 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.65 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.02 | -0.30 |
Martin ratioReturn relative to average drawdown | 6.99 | 6.03 | +0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPE | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.15 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.25 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.69 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.47 | -0.96 |
Correlation
The correlation between FPE and DODIX is 0.32, 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
FPE vs. DODIX - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.95%, more than DODIX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 5.95% | 5.81% | 5.68% | 6.03% | 5.67% | 4.48% | 4.88% | 5.32% | 6.14% | 5.39% | 5.97% | 5.49% |
DODIX Dodge & Cox Income Fund | 4.29% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
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 -16.89%. Use the drawdown chart below to compare losses from any high point for FPE and DODIX.
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Drawdown Indicators
| FPE | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.35% | -16.89% | -16.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -2.94% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -16.89% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.35% | -16.89% | -16.46% |
Current DrawdownCurrent decline from peak | -2.99% | -2.32% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -1.50% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.98% | +0.02% |
Volatility
FPE vs. DODIX - Volatility Comparison
First Trust Preferred Securities & Income ETF (FPE) has a higher volatility of 2.24% compared to Dodge & Cox Income Fund (DODIX) at 1.85%. This indicates that FPE's price experiences larger fluctuations and is considered to be riskier than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPE | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 1.85% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 2.80% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.33% | 4.61% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 5.52% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.16% | 4.42% | +5.74% |