FPE vs. FPFD
FPE (First Trust Preferred Securities & Income ETF) and FPFD (Fidelity Preferred Securities & Income ETF) are both Preferred Stock funds. Both are actively managed. Over the past 5 years, FPE returned 2.72%/yr vs 1.42%/yr for FPFD. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FPE charges 0.85%/yr vs 0.59%/yr for FPFD.
Performance
FPE vs. FPFD - Performance Comparison
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Returns By Period
In the year-to-date period, FPE achieves a 0.79% return, which is significantly higher than FPFD's 0.52% return.
FPE
- 1D
- 0.11%
- 1M
- -0.55%
- 6M
- -0.02%
- YTD
- 0.79%
- 1Y
- 5.35%
- 3Y*
- 9.22%
- 5Y*
- 2.72%
- 10Y*
- 4.71%
- ALL TIME*
- 4.77%
FPFD
- 1D
- 0.14%
- 1M
- -0.39%
- 6M
- -0.64%
- YTD
- 0.52%
- 1Y
- 3.31%
- 3Y*
- 6.86%
- 5Y*
- 1.42%
- 10Y*
- —
- ALL TIME*
- 1.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.81M | $16.95M | $17.82M | |
| $213.95K | $288.57K | $327.68K |
FPE vs. FPFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 0.79% | 9.21% | 11.17% | 6.84% | -12.77% | 1.50% |
FPFD Fidelity Preferred Securities & Income ETF | 0.52% | 6.46% | 8.50% | 10.91% | -17.11% | 1.84% |
Correlation
The correlation between FPE and FPFD is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.75 |
The correlation between FPE and FPFD has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
FPE vs. FPFD — Risk / Return Rank
FPE
FPFD
FPE vs. FPFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and Fidelity Preferred Securities & Income ETF (FPFD). 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 | FPFD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.21 | +0.05 |
| Martin ratioReturn relative to average drawdown | 5.33 | 3.78 | +1.55 |
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Drawdowns
FPE vs. FPFD - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, which is greater than FPFD's maximum drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for FPE and FPFD.
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Drawdown Indicators
| FPE | FPFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.35% | -20.83% | -12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -2.75% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -4.92% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -20.83% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -33.35% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.43% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -6.64% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.88% | +0.08% |
Volatility
FPE vs. FPFD - Volatility Comparison
First Trust Preferred Securities & Income ETF (FPE) has a higher volatility of 0.86% compared to Fidelity Preferred Securities & Income ETF (FPFD) at 0.80%. This indicates that FPE's price experiences larger fluctuations and is considered to be riskier than FPFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPE | FPFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.80% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 2.34% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 3.01% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 5.31% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 5.26% | +4.91% |
FPE vs. FPFD - Expense Ratio Comparison
FPE has a 0.85% expense ratio, which is higher than FPFD's 0.59% expense ratio.
Dividends
FPE vs. FPFD - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 6.01%, more than FPFD's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 6.01% | 5.81% | 5.68% | 6.03% | 5.67% | 4.48% | 4.88% | 5.32% | 6.14% | 5.39% | 5.97% | 5.49% |
FPFD Fidelity Preferred Securities & Income ETF | 5.27% | 5.04% | 4.89% | 5.09% | 5.22% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPE and FPFD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPE has higher volatility (0.86%) compared to FPFD (0.80%). In terms of maximum drawdown, FPE dropped -33.35% vs FPFD's -20.83%.
On 5-year performance, FPE leads with 2.72% vs 1.42% for FPFD. On fees, FPFD is cheaper at 0.59% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FPE has performed better with a 2.72% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FPFD is cheaper with a 0.59% expense ratio, compared with 0.85% for FPE.
FPE has the higher dividend yield at 6.01%, compared with 5.27% for FPFD.
They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.85% for FPE and 0.59% for FPFD.
FPE currently has the higher Sharpe Ratio (1.31 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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