FPE vs. ICVT
Compare and contrast key facts about First Trust Preferred Securities & Income ETF (FPE) and iShares Convertible Bond ETF (ICVT).
FPE and ICVT 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. ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPE or ICVT.
Performance
FPE vs. ICVT - Performance Comparison
Returns By Period
In the year-to-date period, FPE achieves a 10.78% return, which is significantly lower than ICVT's 13.93% return.
FPE
10.78%
-1.38%
6.03%
16.31%
3.18%
4.98%
ICVT
13.93%
4.27%
13.49%
22.48%
11.70%
N/A
Key characteristics
| FPE | ICVT | |
|---|---|---|
| Sharpe Ratio | 3.64 | 2.72 |
| Sortino Ratio | 5.43 | 3.86 |
| Omega Ratio | 1.77 | 1.50 |
| Calmar Ratio | 1.39 | 0.88 |
| Martin Ratio | 26.83 | 14.64 |
| Ulcer Index | 0.61% | 1.55% |
| Daily Std Dev | 4.50% | 8.34% |
| Max Drawdown | -33.35% | -33.25% |
| Current Drawdown | -1.59% | -9.22% |
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FPE vs. ICVT - Expense Ratio Comparison
FPE has a 0.85% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Correlation
The correlation between FPE and ICVT is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
FPE vs. ICVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and iShares Convertible Bond ETF (ICVT). 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. ICVT - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.11%, more than ICVT's 2.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 5.11% | 6.04% | 5.67% | 4.50% | 4.88% | 5.32% | 6.14% | 5.39% | 5.98% | 5.49% | 6.00% | 4.70% |
ICVT iShares Convertible Bond ETF | 2.23% | 1.84% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% | 0.00% | 0.00% |
Drawdowns
FPE vs. ICVT - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, roughly equal to the maximum ICVT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for FPE and ICVT. For additional features, visit the drawdowns tool.
Volatility
FPE vs. ICVT - Volatility Comparison
The current volatility for First Trust Preferred Securities & Income ETF (FPE) is 1.25%, while iShares Convertible Bond ETF (ICVT) has a volatility of 2.59%. This indicates that FPE experiences smaller price fluctuations and is considered to be less risky than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.