FPE vs. PFF
Compare and contrast key facts about First Trust Preferred Securities & Income ETF (FPE) and iShares Preferred and Income Securities ETF (PFF).
FPE and PFF 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. PFF is a passively managed fund by iShares that tracks the performance of the S&P U.S. Preferred Stock Index. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPE or PFF.
Performance
FPE vs. PFF - Performance Comparison
Returns By Period
In the year-to-date period, FPE achieves a 10.78% return, which is significantly higher than PFF's 10.17% return. Over the past 10 years, FPE has outperformed PFF with an annualized return of 4.98%, while PFF has yielded a comparatively lower 3.67% annualized return.
FPE
10.78%
-1.38%
6.03%
16.31%
3.18%
4.98%
PFF
10.17%
-1.37%
7.67%
16.15%
2.93%
3.67%
Key characteristics
| FPE | PFF | |
|---|---|---|
| Sharpe Ratio | 3.64 | 1.93 |
| Sortino Ratio | 5.43 | 2.70 |
| Omega Ratio | 1.77 | 1.35 |
| Calmar Ratio | 1.39 | 1.00 |
| Martin Ratio | 26.83 | 10.37 |
| Ulcer Index | 0.61% | 1.50% |
| Daily Std Dev | 4.50% | 8.07% |
| Max Drawdown | -33.35% | -65.55% |
| Current Drawdown | -1.59% | -2.10% |
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FPE vs. PFF - Expense Ratio Comparison
FPE has a 0.85% expense ratio, which is higher than PFF's 0.46% expense ratio.
Correlation
The correlation between FPE and PFF is 0.61, 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. PFF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and iShares Preferred and Income Securities ETF (PFF). 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. PFF - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.11%, less than PFF's 6.16% 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% |
PFF iShares Preferred and Income Securities ETF | 6.16% | 6.63% | 5.55% | 4.45% | 4.79% | 5.31% | 6.31% | 5.59% | 5.85% | 5.77% | 6.32% | 6.61% |
Drawdowns
FPE vs. PFF - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, smaller than the maximum PFF drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for FPE and PFF. For additional features, visit the drawdowns tool.
Volatility
FPE vs. PFF - Volatility Comparison
The current volatility for First Trust Preferred Securities & Income ETF (FPE) is 1.25%, while iShares Preferred and Income Securities ETF (PFF) has a volatility of 2.57%. This indicates that FPE experiences smaller price fluctuations and is considered to be less risky than PFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.