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FPEI vs. FPE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FPEI and FPE is 0.52, 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.


-0.50.00.51.00.5

Performance

FPEI vs. FPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Institutional Preferred Securities & Income ETF (FPEI) and First Trust Preferred Securities & Income ETF (FPE). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
4.63%
5.30%
FPEI
FPE

Key characteristics

Sharpe Ratio

FPEI:

3.24

FPE:

2.75

Sortino Ratio

FPEI:

4.88

FPE:

3.94

Omega Ratio

FPEI:

1.69

FPE:

1.55

Calmar Ratio

FPEI:

2.83

FPE:

1.48

Martin Ratio

FPEI:

21.48

FPE:

18.56

Ulcer Index

FPEI:

0.51%

FPE:

0.64%

Daily Std Dev

FPEI:

3.40%

FPE:

4.31%

Max Drawdown

FPEI:

-27.51%

FPE:

-33.35%

Current Drawdown

FPEI:

-0.97%

FPE:

-1.15%

Returns By Period

In the year-to-date period, FPEI achieves a 10.66% return, which is significantly lower than FPE's 11.31% return.


FPEI

YTD

10.66%

1M

0.03%

6M

4.69%

1Y

10.82%

5Y*

3.86%

10Y*

N/A

FPE

YTD

11.31%

1M

0.07%

6M

5.43%

1Y

11.48%

5Y*

3.04%

10Y*

5.09%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FPEI vs. FPE - Expense Ratio Comparison

Both FPEI and FPE have an expense ratio of 0.85%.


FPEI
First Trust Institutional Preferred Securities & Income ETF
Expense ratio chart for FPEI: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%
Expense ratio chart for FPE: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%

Risk-Adjusted Performance

FPEI vs. FPE - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for FPEI, currently valued at 3.24, compared to the broader market0.002.004.003.242.75
The chart of Sortino ratio for FPEI, currently valued at 4.88, compared to the broader market-2.000.002.004.006.008.0010.004.883.94
The chart of Omega ratio for FPEI, currently valued at 1.69, compared to the broader market0.501.001.502.002.503.001.691.55
The chart of Calmar ratio for FPEI, currently valued at 2.83, compared to the broader market0.005.0010.0015.002.831.48
The chart of Martin ratio for FPEI, currently valued at 21.48, compared to the broader market0.0020.0040.0060.0080.00100.0021.4818.56
FPEI
FPE

The current FPEI Sharpe Ratio is 3.24, which is comparable to the FPE Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of FPEI and FPE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio3.003.504.004.505.005.50JulyAugustSeptemberOctoberNovemberDecember
3.24
2.75
FPEI
FPE

Dividends

FPEI vs. FPE - Dividend Comparison

FPEI's dividend yield for the trailing twelve months is around 6.04%, less than FPE's 6.17% yield.


TTM20232022202120202019201820172016201520142013
FPEI
First Trust Institutional Preferred Securities & Income ETF
5.57%5.75%5.20%4.46%4.91%5.02%5.83%1.49%0.00%0.00%0.00%0.00%
FPE
First Trust Preferred Securities & Income ETF
5.68%6.04%5.67%4.50%4.88%5.32%6.14%5.39%5.98%5.49%6.00%4.70%

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. For additional features, visit the drawdowns tool.


-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.97%
-1.15%
FPEI
FPE

Volatility

FPEI vs. FPE - Volatility Comparison

The current volatility for First Trust Institutional Preferred Securities & Income ETF (FPEI) is 0.83%, while First Trust Preferred Securities & Income ETF (FPE) has a volatility of 1.10%. This indicates that FPEI experiences smaller price fluctuations and is considered to be less risky than FPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%1.40%1.60%JulyAugustSeptemberOctoberNovemberDecember
0.83%
1.10%
FPEI
FPE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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