FPE vs. PPSIX
Compare and contrast key facts about First Trust Preferred Securities & Income ETF (FPE) and Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX).
FPE is an actively managed fund by First Trust. It was launched on Feb 12, 2013. PPSIX is managed by Principal. It was launched on Apr 30, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPE or PPSIX.
Performance
FPE vs. PPSIX - Performance Comparison
Returns By Period
In the year-to-date period, FPE achieves a 11.22% return, which is significantly higher than PPSIX's 9.61% return. Over the past 10 years, FPE has outperformed PPSIX with an annualized return of 5.03%, while PPSIX has yielded a comparatively lower 3.89% annualized return.
FPE
11.22%
-0.87%
5.96%
16.84%
3.26%
5.03%
PPSIX
9.61%
-0.45%
4.97%
13.73%
2.76%
3.89%
Key characteristics
| FPE | PPSIX | |
|---|---|---|
| Sharpe Ratio | 3.70 | 5.98 |
| Sortino Ratio | 5.53 | 10.33 |
| Omega Ratio | 1.79 | 2.72 |
| Calmar Ratio | 1.40 | 1.48 |
| Martin Ratio | 27.55 | 39.66 |
| Ulcer Index | 0.60% | 0.35% |
| Daily Std Dev | 4.49% | 2.29% |
| Max Drawdown | -33.35% | -52.02% |
| Current Drawdown | -1.20% | -0.56% |
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FPE vs. PPSIX - Expense Ratio Comparison
FPE has a 0.85% expense ratio, which is higher than PPSIX's 0.79% expense ratio.
Correlation
The correlation between FPE and PPSIX is 0.56, 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. PPSIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX). 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. PPSIX - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.09%, less than PPSIX's 5.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 5.09% | 6.04% | 5.67% | 4.50% | 4.88% | 5.32% | 6.14% | 5.39% | 5.98% | 5.49% | 6.00% | 4.70% |
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | 5.23% | 5.35% | 5.54% | 4.39% | 4.46% | 4.88% | 5.79% | 4.87% | 4.92% | 5.23% | 5.33% | 5.88% |
Drawdowns
FPE vs. PPSIX - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, smaller than the maximum PPSIX drawdown of -52.02%. Use the drawdown chart below to compare losses from any high point for FPE and PPSIX. For additional features, visit the drawdowns tool.
Volatility
FPE vs. PPSIX - Volatility Comparison
First Trust Preferred Securities & Income ETF (FPE) has a higher volatility of 1.31% compared to Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) at 0.57%. This indicates that FPE's price experiences larger fluctuations and is considered to be riskier than PPSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.