FPEIX vs. FMY
Compare and contrast key facts about First Trust Preferred Securities and Income Fund (FPEIX) and First Trust Mortgage Income Fund (FMY).
FPEIX is managed by First Trust. It was launched on Jan 10, 2011. FMY is managed by First Trust. It was launched on May 25, 2005.
Performance
FPEIX vs. FMY - Performance Comparison
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FPEIX vs. FMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPEIX First Trust Preferred Securities and Income Fund | -2.48% | 9.48% | 10.99% | 5.32% | -11.60% | 4.85% | 6.01% | 16.93% | -4.31% | 11.57% |
FMY First Trust Mortgage Income Fund | -2.09% | 8.63% | 7.04% | 16.08% | -13.03% | 3.12% | 4.68% | 12.92% | -3.40% | 7.24% |
Returns By Period
In the year-to-date period, FPEIX achieves a -2.48% return, which is significantly lower than FMY's -2.09% return. Over the past 10 years, FPEIX has outperformed FMY with an annualized return of 4.99%, while FMY has yielded a comparatively lower 3.91% annualized return.
FPEIX
- 1D
- -0.05%
- 1M
- -3.53%
- YTD
- -2.48%
- 6M
- -0.57%
- 1Y
- 5.97%
- 3Y*
- 9.41%
- 5Y*
- 2.84%
- 10Y*
- 4.99%
FMY
- 1D
- 0.64%
- 1M
- -4.11%
- YTD
- -2.09%
- 6M
- -0.76%
- 1Y
- 3.04%
- 3Y*
- 8.76%
- 5Y*
- 3.79%
- 10Y*
- 3.91%
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FPEIX vs. FMY - Expense Ratio Comparison
FPEIX has a 1.00% expense ratio, which is higher than FMY's 0.03% expense ratio.
Return for Risk
FPEIX vs. FMY — Risk / Return Rank
FPEIX
FMY
FPEIX vs. FMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities and Income Fund (FPEIX) and First Trust Mortgage Income Fund (FMY). 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.
| FPEIX | FMY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 0.33 | +1.41 |
Sortino ratioReturn per unit of downside risk | 2.24 | 0.53 | +1.72 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.06 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.53 | +1.12 |
Martin ratioReturn relative to average drawdown | 6.10 | 2.21 | +3.89 |
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
| FPEIX | FMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 0.33 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.29 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.33 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.31 | +0.51 |
Correlation
The correlation between FPEIX and FMY is 0.14, 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.
Dividends
FPEIX vs. FMY - Dividend Comparison
FPEIX's dividend yield for the trailing twelve months is around 4.64%, less than FMY's 6.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPEIX First Trust Preferred Securities and Income Fund | 4.64% | 5.40% | 5.60% | 5.17% | 5.30% | 4.70% | 4.88% | 5.36% | 5.93% | 5.36% | 5.66% | 5.56% |
FMY First Trust Mortgage Income Fund | 6.97% | 6.91% | 7.95% | 6.64% | 5.89% | 5.21% | 5.18% | 5.14% | 5.66% | 5.45% | 6.17% | 6.43% |
Drawdowns
FPEIX vs. FMY - Drawdown Comparison
The maximum FPEIX drawdown since its inception was -27.83%, roughly equal to the maximum FMY drawdown of -27.98%. Use the drawdown chart below to compare losses from any high point for FPEIX and FMY.
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Drawdown Indicators
| FPEIX | FMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.83% | -27.98% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -7.13% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -19.94% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -27.83% | -19.94% | -7.89% |
Current DrawdownCurrent decline from peak | -3.62% | -4.11% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -6.84% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.73% | -0.75% |
Volatility
FPEIX vs. FMY - Volatility Comparison
The current volatility for First Trust Preferred Securities and Income Fund (FPEIX) is 1.28%, while First Trust Mortgage Income Fund (FMY) has a volatility of 4.13%. This indicates that FPEIX experiences smaller price fluctuations and is considered to be less risky than FMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPEIX | FMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 4.13% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 7.14% | -4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 9.22% | -5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 13.09% | -7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.52% | 11.77% | -5.25% |