FPE vs. EVPF

Last updated Jun 4, 2026

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 0.88 suggests significant overlap in exposure. FPE charges 0.85%/yr vs 0.39%/yr for EVPF.

Performance

FPE vs. EVPF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Preferred Securities & Income ETF (FPE) and Eaton Vance Preferred Securities and Income ETF (EVPF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FPE

• 1D: -0.11%
• 1M: 0.16%
• YTD: 0.97%
• 6M: 1.26%
• 1Y: 8.50%
• 3Y*: 10.04%
• 5Y*: 3.08%
• 10Y*: 5.04%

EVPF

• 1D: 0.00%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FPE vs. EVPF - Yearly Performance Comparison

	2026 (YTD)
FPE First Trust Preferred Securities & Income ETF	0.09%
EVPF Eaton Vance Preferred Securities and Income ETF	1.16%

Correlation

The correlation between FPE and EVPF is 0.88, 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 6, 2026	0.88

Return for Risk

FPE vs. EVPF — Risk / Return Rank

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

FPE

FPE Risk / Return Rank: 61
FPE Sharpe Ratio Rank: 65
FPE Sortino Ratio Rank: 67
FPE Omega Ratio Rank: 77
FPE Calmar Ratio Rank: 42
FPE Martin Ratio Rank: 54

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.

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.

	FPE	EVPF	Difference
Sharpe ratio Return per unit of total volatility	2.22	—	—
Sortino ratio Return per unit of downside risk	3.15	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	2.09	—	—
Martin ratio Return relative to average drawdown	9.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FPE	EVPF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.13	-0.60

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.

Drawdown Indicators

	FPE	EVPF	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.84%	-0.17%	-0.67%
Average Drawdown Average peak-to-trough decline	-3.33%	-0.52%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	—	—

Volatility

Volatility by Period

	FPE	EVPF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	4.31%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	4.31%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.17%	4.31%	+5.86%

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 5.84%, more than EVPF's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVPF Eaton Vance Preferred Securities and Income ETF	1.08%	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	5.84%	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

Can I hold both FPE and EVPF in my portfolio?

FPE and EVPF have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FPE or EVPF?

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.

Which ETF is cheaper, FPE or EVPF?

EVPF is cheaper with a 0.39% expense ratio, compared with 0.85% for FPE.

Which ETF pays a higher dividend yield, FPE or EVPF?

FPE has the higher dividend yield at 5.84%, compared with 1.08% for EVPF.

What is the main difference between FPE and 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.