FPE vs. PRFD
Compare and contrast key facts about First Trust Preferred Securities & Income ETF (FPE) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD).
FPE and PRFD 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. PRFD is an actively managed fund by PIMCO. It was launched on Jan 18, 2023.
Performance
FPE vs. PRFD - Performance Comparison
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FPE vs. PRFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | -0.83% | 9.21% | 11.17% | 0.55% |
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | -0.36% | 8.45% | 9.92% | 1.83% |
Returns By Period
In the year-to-date period, FPE achieves a -0.83% return, which is significantly lower than PRFD's -0.36% return.
FPE
- 1D
- 0.39%
- 1M
- -2.07%
- YTD
- -0.83%
- 6M
- 0.32%
- 1Y
- 7.37%
- 3Y*
- 10.06%
- 5Y*
- 3.11%
- 10Y*
- 5.27%
PRFD
- 1D
- 0.33%
- 1M
- -1.76%
- YTD
- -0.36%
- 6M
- 0.84%
- 1Y
- 6.14%
- 3Y*
- 8.92%
- 5Y*
- —
- 10Y*
- —
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FPE vs. PRFD - Expense Ratio Comparison
FPE has a 0.85% expense ratio, which is higher than PRFD's 0.74% expense ratio.
Return for Risk
FPE vs. PRFD — Risk / Return Rank
FPE
PRFD
FPE vs. PRFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities & Income ETF (FPE) and PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD). 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 | PRFD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.74 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.26 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.96 | -0.14 |
Martin ratioReturn relative to average drawdown | 7.31 | 6.79 | +0.53 |
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 | PRFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.74 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.25 | -0.73 |
Correlation
The correlation between FPE and PRFD is 0.62, 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.
Dividends
FPE vs. PRFD - Dividend Comparison
FPE's dividend yield for the trailing twelve months is around 5.93%, more than PRFD's 5.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPE First Trust Preferred Securities & Income ETF | 5.93% | 5.81% | 5.68% | 6.03% | 5.67% | 4.48% | 4.88% | 5.32% | 6.14% | 5.39% | 5.97% | 5.49% |
PRFD PIMCO Preferred And Capital Securities Active Exchange-Traded Fund | 5.77% | 5.63% | 5.53% | 5.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPE vs. PRFD - Drawdown Comparison
The maximum FPE drawdown since its inception was -33.35%, which is greater than PRFD's maximum drawdown of -11.93%. Use the drawdown chart below to compare losses from any high point for FPE and PRFD.
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Drawdown Indicators
| FPE | PRFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.35% | -11.93% | -21.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -3.28% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.35% | — | — |
Current DrawdownCurrent decline from peak | -2.61% | -2.33% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -2.30% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.95% | +0.07% |
Volatility
FPE vs. PRFD - Volatility Comparison
First Trust Preferred Securities & Income ETF (FPE) has a higher volatility of 2.27% compared to PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) at 1.66%. This indicates that FPE's price experiences larger fluctuations and is considered to be riskier than PRFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPE | PRFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 1.66% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 2.44% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.34% | 3.56% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 4.94% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.16% | 4.94% | +5.22% |