FPE vs. FPEI
Compare and contrast key facts about First Trust Preferred Securities & Income ETF (FPE) and First Trust Institutional Preferred Securities & Income ETF (FPEI).
FPE and FPEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPE is an actively managed fund by First Trust. It was launched on Feb 12, 2013. FPEI is an actively managed fund by First Trust. It was launched on Aug 22, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPE or FPEI.
Performance
FPE vs. FPEI - Performance Comparison
Returns By Period
In the year-to-date period, FPE achieves a 11.22% return, which is significantly higher than FPEI's 10.61% return.
FPE
11.22%
-0.87%
5.96%
16.84%
3.26%
5.03%
FPEI
10.61%
-0.53%
5.86%
16.58%
4.20%
N/A
Key characteristics
| FPE | FPEI | |
|---|---|---|
| Sharpe Ratio | 3.70 | 4.51 |
| Sortino Ratio | 5.53 | 7.39 |
| Omega Ratio | 1.79 | 2.05 |
| Calmar Ratio | 1.40 | 2.05 |
| Martin Ratio | 27.55 | 33.88 |
| Ulcer Index | 0.60% | 0.49% |
| Daily Std Dev | 4.49% | 3.68% |
| Max Drawdown | -33.35% | -27.51% |
| Current Drawdown | -1.20% | -0.84% |
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FPE vs. FPEI - Expense Ratio Comparison
Both FPE and FPEI have an expense ratio of 0.85%.
Correlation
The correlation between FPE and FPEI is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FPE vs. FPEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and First Trust Institutional Preferred Securities & Income ETF (FPEI). 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. FPEI - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.09%, which matches FPEI's 5.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 5.09% | 6.04% | 5.67% | 4.50% | 4.88% | 5.32% | 6.14% | 5.39% | 5.98% | 5.49% | 6.00% | 4.70% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.05% | 5.75% | 5.20% | 4.46% | 4.91% | 5.02% | 5.83% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPE vs. FPEI - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, which is greater than FPEI's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for FPE and FPEI. For additional features, visit the drawdowns tool.
Volatility
FPE vs. FPEI - Volatility Comparison
First Trust Preferred Securities & Income ETF (FPE) has a higher volatility of 1.31% compared to First Trust Institutional Preferred Securities & Income ETF (FPEI) at 0.75%. This indicates that FPE's price experiences larger fluctuations and is considered to be riskier than FPEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.