FPFD vs. ICVT
Compare and contrast key facts about Fidelity Preferred Securities & Income ETF (FPFD) and iShares Convertible Bond ETF (ICVT).
FPFD and ICVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPFD is an actively managed fund by Fidelity. It was launched on Jun 15, 2021. ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPFD or ICVT.
Correlation
The correlation between FPFD and ICVT is 0.45, 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.
Performance
FPFD vs. ICVT - Performance Comparison
Key characteristics
FPFD:
2.28
ICVT:
1.63
FPFD:
3.31
ICVT:
2.27
FPFD:
1.43
ICVT:
1.29
FPFD:
0.95
ICVT:
0.62
FPFD:
10.15
ICVT:
8.60
FPFD:
0.89%
ICVT:
1.61%
FPFD:
3.95%
ICVT:
8.49%
FPFD:
-20.83%
ICVT:
-33.25%
FPFD:
-2.37%
ICVT:
-10.63%
Returns By Period
In the year-to-date period, FPFD achieves a 8.78% return, which is significantly lower than ICVT's 12.16% return.
FPFD
8.78%
-0.43%
3.05%
8.82%
N/A
N/A
ICVT
12.16%
-1.20%
11.97%
12.82%
10.57%
N/A
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FPFD vs. ICVT - Expense Ratio Comparison
FPFD has a 0.59% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Risk-Adjusted Performance
FPFD vs. ICVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Preferred Securities & Income ETF (FPFD) and iShares Convertible Bond ETF (ICVT). 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
FPFD vs. ICVT - Dividend Comparison
FPFD's dividend yield for the trailing twelve months is around 4.71%, more than ICVT's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPFD Fidelity Preferred Securities & Income ETF | 4.71% | 5.09% | 5.22% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICVT iShares Convertible Bond ETF | 2.16% | 1.84% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Drawdowns
FPFD vs. ICVT - Drawdown Comparison
The maximum FPFD drawdown since its inception was -20.83%, smaller than the maximum ICVT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for FPFD and ICVT. For additional features, visit the drawdowns tool.
Volatility
FPFD vs. ICVT - Volatility Comparison
The current volatility for Fidelity Preferred Securities & Income ETF (FPFD) is 1.24%, while iShares Convertible Bond ETF (ICVT) has a volatility of 3.12%. This indicates that FPFD experiences smaller price fluctuations and is considered to be less risky than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.