FPE vs. IGLD
FPE (First Trust Preferred Securities & Income ETF) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - FPE is a Preferred Stock/Convertible Bonds fund actively managed by First Trust, while IGLD is a Precious Metals fund actively managed by First Trust. Both are actively managed. Over the past 5 years, FPE returned 3.08%/yr vs 13.02%/yr for IGLD. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.85% expense ratio.
Performance
FPE vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, FPE achieves a 0.97% return, which is significantly lower than IGLD's 1.69% return.
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%
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
FPE vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 0.97% | 9.21% | 11.17% | 6.84% | -12.77% | 4.83% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between FPE and IGLD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.20 |
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Return for Risk
FPE vs. IGLD — Risk / Return Rank
FPE
IGLD
FPE vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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 | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.22 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.40 | +0.69 |
| Martin ratioReturn relative to average drawdown | 9.47 | 3.82 | +5.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPE | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.06 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.86 | -0.40 |
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 | 0.94 | -0.41 |
Drawdowns
FPE vs. IGLD - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FPE and IGLD.
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Drawdown Indicators
| FPE | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.35% | -18.59% | -14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -17.56% | +13.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -17.56% | +12.90% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -18.59% | -1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -33.35% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -15.16% | +14.32% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -5.24% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 6.43% | -5.53% |
Volatility
FPE vs. IGLD - Volatility Comparison
The current volatility for First Trust Preferred Securities & Income ETF (FPE) is 1.10%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.12%. This indicates that FPE experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPE | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 5.12% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 21.01% | -17.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 23.24% | -19.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 15.17% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 15.00% | -4.83% |
FPE vs. IGLD - Expense Ratio Comparison
Both FPE and IGLD have an expense ratio of 0.85%.
Dividends
FPE vs. IGLD - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.84%, less than IGLD's 17.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPE and IGLD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.12%) compared to FPE (1.10%). In terms of maximum drawdown, FPE dropped -33.35% vs IGLD's -18.59%.
On 5-year performance, IGLD leads with 13.02% vs 3.08% for FPE. Both ETFs have the same 0.85% expense ratio. On volatility, FPE has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGLD has performed better with a 13.02% return vs 3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FPE and IGLD have the same expense ratio: 0.85% per year.
IGLD has the higher dividend yield at 17.92%, compared with 5.84% for FPE.
FPE is categorized as Preferred Stock/Convertible Bonds, while IGLD is Precious Metals.
FPE currently has the higher Sharpe Ratio (2.22 vs 1.06), 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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