FPFD vs. RDFI

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Preferred Securities & Income ETF (FPFD) and Rareview Dynamic Fixed Income ETF (RDFI).

FPFD and RDFI 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. RDFI is an actively managed fund by Rareview Funds. It was launched on Oct 20, 2020.

Performance

FPFD vs. RDFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Preferred Securities & Income ETF (FPFD) and Rareview Dynamic Fixed Income ETF (RDFI). The values are adjusted to include any dividend payments, if applicable.

FPFD vs. RDFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FPFD Fidelity Preferred Securities & Income ETF	-0.36%	6.46%	8.50%	10.91%	-17.11%	1.89%
RDFI Rareview Dynamic Fixed Income ETF	-1.63%	9.83%	13.15%	8.57%	-17.06%	0.72%

Returns By Period

In the year-to-date period, FPFD achieves a -0.36% return, which is significantly higher than RDFI's -1.63% return.

FPFD

• 1D: 0.39%
• 1M: -2.02%
• YTD: -0.36%
• 6M: -0.21%
• 1Y: 5.18%
• 3Y*: 7.37%
• 5Y*: —
• 10Y*: —

RDFI

• 1D: 2.16%
• 1M: -5.41%
• YTD: -1.63%
• 6M: -1.18%
• 1Y: 5.64%
• 3Y*: 9.09%
• 5Y*: 2.89%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FPFD vs. RDFI - Expense Ratio Comparison

FPFD has a 0.59% expense ratio, which is lower than RDFI's 3.69% expense ratio.

RDFI

Rareview Dynamic Fixed Income ETF

FPFD

Fidelity Preferred Securities & Income ETF

Return for Risk

FPFD vs. RDFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPFD

FPFD Risk / Return Rank: 72
FPFD Sharpe Ratio Rank: 79
FPFD Sortino Ratio Rank: 79
FPFD Omega Ratio Rank: 78
FPFD Calmar Ratio Rank: 64
FPFD Martin Ratio Rank: 60

RDFI

RDFI Risk / Return Rank: 34
RDFI Sharpe Ratio Rank: 36
RDFI Sortino Ratio Rank: 32
RDFI Omega Ratio Rank: 38
RDFI Calmar Ratio Rank: 30
RDFI Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FPFD vs. RDFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Preferred Securities & Income ETF (FPFD) and Rareview Dynamic Fixed Income ETF (RDFI). 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.

	FPFD	RDFI	Difference
Sharpe ratio Return per unit of total volatility	1.47	0.67	+0.80
Sortino ratio Return per unit of downside risk	1.99	0.92	+1.07
Omega ratio Gain probability vs. loss probability	1.29	1.15	+0.14
Calmar ratio Return relative to maximum drawdown	1.59	0.74	+0.86
Martin ratio Return relative to average drawdown	5.82	3.00	+2.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FPFD vs. RDFI - Sharpe Ratio Comparison

The current FPFD Sharpe Ratio is 1.47, which is higher than the RDFI Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of FPFD and RDFI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FPFD	RDFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	0.67	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.71	-0.41

Correlation

The correlation between FPFD and RDFI is 0.53, 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.

Dividends

FPFD vs. RDFI - Dividend Comparison

FPFD's dividend yield for the trailing twelve months is around 5.09%, less than RDFI's 8.39% yield.

	TTM	2025	2024	2023	2022	2021	2020
FPFD Fidelity Preferred Securities & Income ETF	5.09%	5.04%	4.89%	5.09%	5.22%	1.59%	0.00%
RDFI Rareview Dynamic Fixed Income ETF	8.39%	8.17%	8.14%	7.38%	4.70%	6.78%	1.01%

Drawdowns

FPFD vs. RDFI - Drawdown Comparison

The maximum FPFD drawdown since its inception was -20.83%, smaller than the maximum RDFI drawdown of -23.71%. Use the drawdown chart below to compare losses from any high point for FPFD and RDFI.

Drawdown Indicators

	FPFD	RDFI	Difference
Max Drawdown Largest peak-to-trough decline	-20.83%	-23.71%	+2.88%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	-8.01%	+4.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.71%	—
Current Drawdown Current decline from peak	-2.29%	-6.02%	+3.73%
Average Drawdown Average peak-to-trough decline	-7.04%	-7.34%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	1.96%	-1.09%

Volatility

FPFD vs. RDFI - Volatility Comparison

The current volatility for Fidelity Preferred Securities & Income ETF (FPFD) is 1.35%, while Rareview Dynamic Fixed Income ETF (RDFI) has a volatility of 4.47%. This indicates that FPFD experiences smaller price fluctuations and is considered to be less risky than RDFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPFD	RDFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	4.47%	-3.12%
Volatility (6M) Calculated over the trailing 6-month period	2.08%	5.70%	-3.62%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	8.40%	-4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.38%	8.06%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.38%	7.96%	-2.58%