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.
Key characteristics
| FPE | FPEI | |
|---|---|---|
| YTD Return | 3.72% | 3.87% |
| 1Y Return | 16.76% | 16.50% |
| 3Y Return (Ann) | -0.31% | 1.19% |
| 5Y Return (Ann) | 3.20% | 4.26% |
| Sharpe Ratio | 3.13 | 3.76 |
| Daily Std Dev | 5.40% | 4.56% |
| Max Drawdown | -33.35% | -27.51% |
| Current Drawdown | -3.95% | -0.22% |
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.
Performance
FPE vs. FPEI - Performance Comparison
The year-to-date returns for both investments are quite close, with FPE having a 3.72% return and FPEI slightly higher at 3.87%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPE vs. FPEI - Expense Ratio Comparison
Both FPE and FPEI have an expense ratio of 0.85%.
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 5.82%, more than FPEI's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 5.82% | 6.03% | 5.67% | 4.48% | 4.88% | 5.32% | 6.14% | 5.39% | 5.97% | 5.49% | 6.00% | 4.69% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.65% | 5.76% | 5.20% | 4.46% | 4.90% | 5.01% | 5.81% | 1.50% | 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 2.08% compared to First Trust Institutional Preferred Securities & Income ETF (FPEI) at 1.42%. 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.