FPE vs. EVPF
FPE (First Trust Preferred Securities & Income ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock funds. Both are actively managed. Their correlation of 0.84 means they have usually moved in the same direction. 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
- 0.34%
- 1M
- -0.22%
- 6M
- 0.20%
- YTD
- 1.13%
- 1Y
- 5.71%
- 3Y*
- 9.50%
- 5Y*
- 2.76%
- 10Y*
- 4.72%
- ALL TIME*
- 4.80%
EVPF
- 1D
- 0.26%
- 1M
- -0.24%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $215.17K | $323.39K | $353.47K | |
| $17.63M | $17.27M | $17.87M |
FPE vs. EVPF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FPE First Trust Preferred Securities & Income ETF | -0.03% |
EVPF Eaton Vance Preferred Securities and Income ETF | 1.52% |
Correlation
The correlation between FPE and EVPF is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026 | 0.84 |
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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 | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | — | — |
| Martin ratioReturn relative to average drawdown | 5.94 | — | — |
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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 | -0.68% | -0.49% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -0.45% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | — | — |
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 | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 3.77% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 3.77% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 3.77% | +6.40% |
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 5.99%, more than EVPF's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVPF Eaton Vance Preferred Securities and Income ETF | 2.09% | 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 | 5.99% | 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 0.84, 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 5.99%, compared with 2.09% 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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