FPEI vs. FPE
Compare and contrast key facts about First Trust Institutional Preferred Securities & Income ETF (FPEI) and First Trust Preferred Securities & Income ETF (FPE).
FPEI and FPE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPEI is an actively managed fund by First Trust. It was launched on Aug 22, 2017. FPE is an actively managed fund by First Trust. It was launched on Feb 12, 2013.
Performance
FPEI vs. FPE - Performance Comparison
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FPEI vs. FPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPEI First Trust Institutional Preferred Securities & Income ETF | -0.64% | 9.82% | 10.94% | 6.29% | -8.19% | 4.63% | 7.08% | 15.86% | -4.29% | 2.23% |
FPE First Trust Preferred Securities & Income ETF | -1.22% | 9.21% | 11.17% | 6.84% | -12.77% | 5.24% | 6.00% | 18.15% | -4.98% | 1.79% |
Returns By Period
In the year-to-date period, FPEI achieves a -0.64% return, which is significantly higher than FPE's -1.22% return.
FPEI
- 1D
- 1.04%
- 1M
- -1.99%
- YTD
- -0.64%
- 6M
- 1.11%
- 1Y
- 7.60%
- 3Y*
- 10.49%
- 5Y*
- 4.17%
- 10Y*
- —
FPE
- 1D
- 0.74%
- 1M
- -2.57%
- YTD
- -1.22%
- 6M
- 0.25%
- 1Y
- 7.01%
- 3Y*
- 9.91%
- 5Y*
- 3.03%
- 10Y*
- 5.23%
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FPEI vs. FPE - Expense Ratio Comparison
Both FPEI and FPE have an expense ratio of 0.85%.
Return for Risk
FPEI vs. FPE — Risk / Return Rank
FPEI
FPE
FPEI vs. FPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Institutional Preferred Securities & Income ETF (FPEI) and First Trust Preferred Securities & Income ETF (FPE). 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 | FPE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 1.32 | +0.36 |
Sortino ratioReturn per unit of downside risk | 2.21 | 1.82 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.72 | +0.29 |
Martin ratioReturn relative to average drawdown | 8.34 | 6.99 | +1.35 |
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 | FPE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.32 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.46 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.51 | +0.03 |
Correlation
The correlation between FPEI and FPE is 0.55, 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
FPEI vs. FPE - Dividend Comparison
FPEI's dividend yield for the trailing twelve months is around 5.77%, less than FPE's 5.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.77% | 5.62% | 5.55% | 5.76% | 5.20% | 4.46% | 4.90% | 5.02% | 5.81% | 1.50% | 0.00% | 0.00% |
FPE First Trust Preferred Securities & Income ETF | 5.95% | 5.81% | 5.68% | 6.03% | 5.67% | 4.48% | 4.88% | 5.32% | 6.14% | 5.39% | 5.97% | 5.49% |
Drawdowns
FPEI vs. FPE - Drawdown Comparison
The maximum FPEI drawdown since its inception was -27.51%, smaller than the maximum FPE drawdown of -33.35%. Use the drawdown chart below to compare losses from any high point for FPEI and FPE.
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Drawdown Indicators
| FPEI | FPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.51% | -33.35% | +5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -4.08% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -19.65% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.35% | — |
Current DrawdownCurrent decline from peak | -2.29% | -2.99% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -3.36% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.00% | -0.06% |
Volatility
FPEI vs. FPE - Volatility Comparison
First Trust Institutional Preferred Securities & Income ETF (FPEI) and First Trust Preferred Securities & Income ETF (FPE) have volatilities of 2.17% and 2.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPEI | FPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 2.24% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 3.13% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 5.33% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 6.59% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.93% | 10.16% | -1.23% |