FPEI vs. EVPF
FPEI (First Trust Institutional Preferred Securities & Income ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock funds. Both are actively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. FPEI charges 0.85%/yr vs 0.39%/yr for EVPF.
Performance
FPEI vs. EVPF - Performance Comparison
Loading charts...
Returns By Period
FPEI
- 1D
- 0.31%
- 1M
- -0.31%
- 6M
- 1.16%
- YTD
- 2.06%
- 1Y
- 6.81%
- 3Y*
- 9.91%
- 5Y*
- 3.96%
- 10Y*
- —
- ALL TIME*
- 4.94%
EVPF
- 1D
- 0.26%
- 1M
- -0.24%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $215.17K | $323.39K | $353.47K | |
| $6.15M | $5.72M | $5.90M |
FPEI vs. EVPF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FPEI First Trust Institutional Preferred Securities & Income ETF | 1.08% |
EVPF Eaton Vance Preferred Securities and Income ETF | 1.52% |
Correlation
The correlation between FPEI and EVPF is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 5, 2026 | 0.73 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FPEI vs. EVPF — Risk / Return Rank
FPEI
EVPF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FPEI vs. EVPF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Institutional Preferred Securities & Income ETF (FPEI) and Eaton Vance Preferred Securities and Income ETF (EVPF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FPEI | EVPF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | — | — |
| Martin ratioReturn relative to average drawdown | 9.19 | — | — |
Loading charts...
Drawdowns
FPEI vs. EVPF - Drawdown Comparison
The maximum FPEI drawdown since its inception was -27.51%, which is greater than EVPF's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for FPEI and EVPF.
Loading charts...
Drawdown Indicators
| FPEI | EVPF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.51% | -2.36% | -25.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.49% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -0.45% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | — | — |
Volatility
FPEI vs. EVPF - Volatility Comparison
Loading charts...
Volatility by Period
| FPEI | EVPF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.77% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 3.77% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.78% | 3.77% | +5.01% |
FPEI vs. EVPF - Expense Ratio Comparison
FPEI has a 0.85% expense ratio, which is higher than EVPF's 0.39% expense ratio.
Dividends
FPEI vs. EVPF - Dividend Comparison
FPEI's dividend yield for the trailing twelve months is around 5.79%, more than EVPF's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EVPF Eaton Vance Preferred Securities and Income ETF | 2.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.79% | 5.62% | 5.55% | 5.76% | 5.20% | 4.46% | 4.90% | 5.02% | 5.81% | 1.50% |
Frequently Asked Questions
FPEI and EVPF have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVPF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVPF is cheaper with a 0.39% expense ratio, compared with 0.85% for FPEI.
FPEI has the higher dividend yield at 5.79%, compared with 2.09% for EVPF.
They also come from different issuers: First Trust and Eaton Vance. Their fees differ too: 0.85% for FPEI and 0.39% for EVPF.
Find the right allocation for FPEI and EVPF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer