FPEI vs. EVPF
FPEI (First Trust Institutional Preferred Securities & Income ETF) and EVPF (Eaton Vance Preferred Securities and Income ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. FPEI charges 0.85%/yr vs 0.39%/yr for EVPF.
Performance
FPEI vs. EVPF - Performance Comparison
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Returns By Period
FPEI
- 1D
- -0.10%
- 1M
- 0.94%
- YTD
- 1.56%
- 6M
- 1.80%
- 1Y
- 8.60%
- 3Y*
- 10.69%
- 5Y*
- 4.20%
- 10Y*
- —
EVPF
- 1D
- 0.00%
- 1M
- 0.75%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPEI vs. EVPF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FPEI First Trust Institutional Preferred Securities & Income ETF | 0.74% |
EVPF Eaton Vance Preferred Securities and Income ETF | 1.16% |
Correlation
The correlation between FPEI and EVPF is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 6, 2026 | 0.72 |
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Return for Risk
FPEI vs. EVPF — Risk / Return Rank
FPEI
EVPF
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.
| FPEI | EVPF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | — | — |
| Martin ratioReturn relative to average drawdown | 11.84 | — | — |
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
| FPEI | EVPF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.13 | -0.56 |
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.
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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 | -0.16% | -0.17% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -0.52% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | — | — |
Volatility
FPEI vs. EVPF - Volatility Comparison
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Volatility by Period
| FPEI | EVPF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 4.31% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 4.31% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.86% | 4.31% | +4.55% |
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 5.72%, more than EVPF's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EVPF Eaton Vance Preferred Securities and Income ETF | 1.08% | 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 | 5.72% | 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 0.72, 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 5.72%, compared with 1.08% 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.
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