FPFD vs. RDFI
FPFD (Fidelity Preferred Securities & Income ETF) and RDFI (Rareview Dynamic Fixed Income ETF) are both exchange-traded funds - FPFD is a Preferred Stock fund actively managed by Fidelity, while RDFI is a Multisector Bonds fund actively managed by Rareview. Both are actively managed. Over the past 5 years, FPFD returned 1.42%/yr vs 2.78%/yr for RDFI. Their 0.54 correlation means they have sometimes moved together and sometimes differently. FPFD charges 0.59%/yr vs 3.69%/yr for RDFI.
Performance
FPFD vs. RDFI - Performance Comparison
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Returns By Period
In the year-to-date period, FPFD achieves a 0.52% return, which is significantly lower than RDFI's 2.38% return.
FPFD
- 1D
- 0.14%
- 1M
- -0.39%
- 6M
- -0.64%
- YTD
- 0.52%
- 1Y
- 3.31%
- 3Y*
- 6.86%
- 5Y*
- 1.42%
- 10Y*
- —
- ALL TIME*
- 1.64%
RDFI
- 1D
- -0.03%
- 1M
- -1.32%
- 6M
- -0.24%
- YTD
- 2.38%
- 1Y
- 6.26%
- 3Y*
- 9.62%
- 5Y*
- 2.78%
- 10Y*
- —
- ALL TIME*
- 6.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $213.95K | $288.57K | $327.68K | |
| $296.48K | $345.49K | $313.16K |
FPFD vs. RDFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPFD Fidelity Preferred Securities & Income ETF | 0.52% | 6.46% | 8.50% | 10.91% | -17.11% | 1.84% |
RDFI Rareview Dynamic Fixed Income ETF | 2.38% | 9.83% | 13.15% | 8.57% | -17.06% | 0.49% |
Correlation
The correlation between FPFD and RDFI is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.54 |
The correlation between FPFD and RDFI has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
FPFD vs. RDFI — Risk / Return Rank
FPFD
RDFI
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.
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.
| FPFD | RDFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.88 | +0.33 |
| Martin ratioReturn relative to average drawdown | 3.78 | 3.11 | +0.67 |
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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.
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Drawdown Indicators
| FPFD | RDFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.83% | -23.71% | +2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -8.01% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -9.22% | +4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -23.71% | +2.88% |
Current DrawdownCurrent decline from peak | -1.43% | -2.44% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -7.06% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.26% | -1.38% |
Volatility
FPFD vs. RDFI - Volatility Comparison
The current volatility for Fidelity Preferred Securities & Income ETF (FPFD) is 0.80%, while Rareview Dynamic Fixed Income ETF (RDFI) has a volatility of 2.37%. 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.
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Volatility by Period
| FPFD | RDFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 2.37% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 6.53% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 7.37% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.31% | 8.19% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 7.93% | -2.67% |
FPFD vs. RDFI - Expense Ratio Comparison
FPFD has a 0.59% expense ratio, which is lower than RDFI's 3.69% expense ratio.
Dividends
FPFD vs. RDFI - Dividend Comparison
FPFD's dividend yield for the trailing twelve months is around 5.27%, less than RDFI's 8.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FPFD Fidelity Preferred Securities & Income ETF | 5.27% | 5.04% | 4.89% | 5.09% | 5.22% | 1.59% | 0.00% |
RDFI Rareview Dynamic Fixed Income ETF | 8.30% | 8.17% | 8.14% | 7.38% | 4.70% | 6.78% | 1.01% |
Frequently Asked Questions
FPFD and RDFI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDFI has higher volatility (2.37%) compared to FPFD (0.80%). In terms of maximum drawdown, FPFD dropped -20.83% vs RDFI's -23.71%.
On 5-year performance, RDFI leads with 2.78% vs 1.42% for FPFD. On fees, FPFD is cheaper at 0.59% per year. On volatility, FPFD has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RDFI has performed better with a 2.78% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FPFD is cheaper with a 0.59% expense ratio, compared with 3.69% for RDFI.
RDFI has the higher dividend yield at 8.30%, compared with 5.27% for FPFD.
FPFD is categorized as Preferred Stock, while RDFI is Multisector Bonds. They also come from different issuers: Fidelity and Rareview. Their fees differ too: 0.59% for FPFD and 3.69% for RDFI.
FPFD currently has the higher Sharpe Ratio (1.11 vs 0.96), 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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