FPEI vs. GTIP
Compare and contrast key facts about First Trust Institutional Preferred Securities & Income ETF (FPEI) and Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP).
FPEI and GTIP 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. GTIP is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. It was launched on Oct 2, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPEI or GTIP.
Key characteristics
| FPEI | GTIP | |
|---|---|---|
| YTD Return | 10.61% | 3.18% |
| 1Y Return | 18.00% | 6.36% |
| 3Y Return (Ann) | 2.46% | -1.99% |
| 5Y Return (Ann) | 4.24% | 2.22% |
| Sharpe Ratio | 4.81 | 1.32 |
| Sortino Ratio | 7.96 | 1.96 |
| Omega Ratio | 2.14 | 1.24 |
| Calmar Ratio | 1.91 | 0.52 |
| Martin Ratio | 38.43 | 6.41 |
| Ulcer Index | 0.47% | 1.02% |
| Daily Std Dev | 3.79% | 4.95% |
| Max Drawdown | -27.51% | -14.31% |
| Current Drawdown | -0.84% | -6.36% |
Correlation
The correlation between FPEI and GTIP is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FPEI vs. GTIP - Performance Comparison
In the year-to-date period, FPEI achieves a 10.61% return, which is significantly higher than GTIP's 3.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPEI vs. GTIP - Expense Ratio Comparison
FPEI has a 0.85% expense ratio, which is higher than GTIP's 0.12% expense ratio.
Risk-Adjusted Performance
FPEI vs. GTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Institutional Preferred Securities & Income ETF (FPEI) and Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP). 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.
Dividends
FPEI vs. GTIP - Dividend Comparison
FPEI's dividend yield for the trailing twelve months is around 5.50%, more than GTIP's 3.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.50% | 5.75% | 5.20% | 4.46% | 4.91% | 5.02% | 5.83% | 1.49% |
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 3.25% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% | 0.00% |
Drawdowns
FPEI vs. GTIP - Drawdown Comparison
The maximum FPEI drawdown since its inception was -27.51%, which is greater than GTIP's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for FPEI and GTIP. For additional features, visit the drawdowns tool.
Volatility
FPEI vs. GTIP - Volatility Comparison
The current volatility for First Trust Institutional Preferred Securities & Income ETF (FPEI) is 0.57%, while Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a volatility of 1.10%. This indicates that FPEI experiences smaller price fluctuations and is considered to be less risky than GTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.