FPEIX vs. FPFD
FPEIX (First Trust Preferred Securities and Income Fund) and FPFD (Fidelity Preferred Securities & Income ETF) are both Preferred Stock/Convertible Bonds funds. Over the past 5 years, FPEIX returned 2.83%/yr vs 1.65%/yr for FPFD. A 0.73 correlation means they provide meaningful diversification when combined. FPEIX charges 1.00%/yr vs 0.59%/yr for FPFD.
Performance
FPEIX vs. FPFD - Performance Comparison
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Returns By Period
In the year-to-date period, FPEIX achieves a -0.04% return, which is significantly lower than FPFD's 0.66% return.
FPEIX
- 1D
- -0.15%
- 1M
- 0.31%
- YTD
- -0.04%
- 6M
- 0.51%
- 1Y
- 7.06%
- 3Y*
- 9.92%
- 5Y*
- 2.83%
- 10Y*
- 5.02%
FPFD
- 1D
- -0.09%
- 1M
- -0.02%
- YTD
- 0.66%
- 6M
- 0.74%
- 1Y
- 5.33%
- 3Y*
- 7.75%
- 5Y*
- 1.65%
- 10Y*
- —
FPEIX vs. FPFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPEIX First Trust Preferred Securities and Income Fund | -0.04% | 9.48% | 10.99% | 5.32% | -11.60% | 1.78% |
FPFD Fidelity Preferred Securities & Income ETF | 0.66% | 6.46% | 8.50% | 10.91% | -17.11% | 1.84% |
Correlation
The correlation between FPEIX and FPFD is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.73 |
The correlation between FPEIX and FPFD has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.
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Return for Risk
FPEIX vs. FPFD — Risk / Return Rank
FPEIX
FPFD
FPEIX vs. FPFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Preferred Securities and Income Fund (FPEIX) and Fidelity Preferred Securities & Income ETF (FPFD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FPEIX | FPFD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.35 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.95 | +0.13 |
| Martin ratioReturn relative to average drawdown | 8.04 | 6.84 | +1.21 |
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Drawdowns
FPEIX vs. FPFD - Drawdown Comparison
The maximum FPEIX drawdown since its inception was -27.83%, which is greater than FPFD's maximum drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for FPEIX and FPFD.
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Drawdown Indicators
| FPEIX | FPFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.83% | -20.83% | -7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -2.75% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -4.11% | -4.92% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -20.83% | +1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -27.83% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -1.29% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -6.75% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.78% | +0.13% |
Volatility
FPEIX vs. FPFD - Volatility Comparison
First Trust Preferred Securities and Income Fund (FPEIX) and Fidelity Preferred Securities & Income ETF (FPFD) have volatilities of 0.74% and 0.74%, 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
| FPEIX | FPFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.74% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 2.28% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.15% | 2.98% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 5.31% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.54% | 5.30% | +1.24% |
FPEIX vs. FPFD - Expense Ratio Comparison
FPEIX has a 1.00% expense ratio, which is higher than FPFD's 0.59% expense ratio.
Dividends
FPEIX vs. FPFD - Dividend Comparison
FPEIX's dividend yield for the trailing twelve months is around 5.04%, less than FPFD's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPEIX First Trust Preferred Securities and Income Fund | 5.04% | 5.40% | 5.60% | 5.17% | 5.30% | 4.70% | 4.88% | 5.36% | 5.93% | 5.36% | 5.66% | 5.56% |
FPFD Fidelity Preferred Securities & Income ETF | 5.15% | 5.04% | 4.89% | 5.09% | 5.22% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPEIX and FPFD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPFD has higher volatility (0.74%) compared to FPEIX (0.74%). In terms of maximum drawdown, FPEIX dropped -27.83% vs FPFD's -20.83%.
FPEIX currently has the higher Sharpe Ratio (2.40 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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