FPE vs. EVPF
FPE (First Trust Preferred Securities & Income ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. FPE charges 0.85%/yr vs 0.39%/yr for EVPF.
Performance
FPE vs. EVPF - Performance Comparison
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Returns By Period
FPE
- 1D
- -0.06%
- 1M
- 0.32%
- 6M
- 0.68%
- YTD
- 1.18%
- 1Y
- 6.28%
- 3Y*
- 9.90%
- 5Y*
- 2.84%
- 10Y*
- 4.86%
EVPF
- 1D
- -0.14%
- 1M
- 0.32%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPE vs. EVPF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FPE First Trust Preferred Securities & Income ETF | 0.02% |
EVPF Eaton Vance Preferred Securities and Income ETF | 1.57% |
Correlation
The correlation between FPE and EVPF is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026 | 0.85 |
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Return for Risk
FPE vs. EVPF — Risk / Return Rank
FPE
EVPF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FPE vs. EVPF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and Eaton Vance Preferred Securities and Income ETF (EVPF). 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.
| FPE | EVPF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | — | — |
| Martin ratioReturn relative to average drawdown | 6.70 | — | — |
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Drawdowns
FPE vs. EVPF - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, which is greater than EVPF's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for FPE and EVPF.
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Drawdown Indicators
| FPE | EVPF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.35% | -2.36% | -30.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.35% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.44% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -0.42% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | — | — |
Volatility
FPE vs. EVPF - Volatility Comparison
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Volatility by Period
| FPE | EVPF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 3.89% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 3.89% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 3.89% | +6.28% |
FPE vs. EVPF - Expense Ratio Comparison
FPE has a 0.85% expense ratio, which is higher than EVPF's 0.39% expense ratio.
Dividends
FPE vs. EVPF - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.94%, more than EVPF's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVPF Eaton Vance Preferred Securities and Income ETF | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPE First Trust Preferred Securities & Income ETF | 5.94% | 5.81% | 5.68% | 6.03% | 5.67% | 4.48% | 4.88% | 5.32% | 6.14% | 5.39% | 5.97% | 5.49% |
Frequently Asked Questions
FPE and EVPF have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVPF is cheaper with a 0.39% expense ratio, compared with 0.85% for FPE.
FPE has the higher dividend yield at 5.94%, compared with 1.58% for EVPF.
They also come from different issuers: First Trust and Eaton Vance. Their fees differ too: 0.85% for FPE and 0.39% for EVPF.
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