Correlation
The correlation between FTCB and FPEI 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.
FTCB vs. FPEI
Compare and contrast key facts about First Trust Core Investment Grade ETF (FTCB) and First Trust Institutional Preferred Securities & Income ETF (FPEI).
FTCB and FPEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTCB is an actively managed fund by First Trust. It was launched on Nov 7, 2023. FPEI is an actively managed fund by First Trust. It was launched on Aug 22, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTCB or FPEI.
Performance
FTCB vs. FPEI - Performance Comparison
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Key characteristics
FTCB:
1.21
FPEI:
2.00
FTCB:
1.83
FPEI:
2.53
FTCB:
1.21
FPEI:
1.45
FTCB:
1.35
FPEI:
1.94
FTCB:
3.11
FPEI:
8.91
FTCB:
2.17%
FPEI:
0.93%
FTCB:
5.66%
FPEI:
4.19%
FTCB:
-4.99%
FPEI:
-27.51%
FTCB:
-1.31%
FPEI:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with FTCB having a 2.54% return and FPEI slightly lower at 2.42%.
FTCB
2.54%
-0.64%
1.05%
6.43%
N/A
N/A
N/A
FPEI
2.42%
2.07%
2.19%
8.09%
6.02%
5.71%
N/A
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FTCB vs. FPEI - Expense Ratio Comparison
FTCB has a 0.55% expense ratio, which is lower than FPEI's 0.85% expense ratio.
Risk-Adjusted Performance
FTCB vs. FPEI — Risk-Adjusted Performance Rank
FTCB
FPEI
FTCB vs. FPEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Core Investment Grade ETF (FTCB) and First Trust Institutional Preferred Securities & Income ETF (FPEI). 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.
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Dividends
FTCB vs. FPEI - Dividend Comparison
FTCB's dividend yield for the trailing twelve months is around 5.26%, less than FPEI's 5.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FTCB First Trust Core Investment Grade ETF | 5.26% | 5.20% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.67% | 5.55% | 5.76% | 5.20% | 4.46% | 4.90% | 5.01% | 5.81% | 1.50% |
Drawdowns
FTCB vs. FPEI - Drawdown Comparison
The maximum FTCB drawdown since its inception was -4.99%, smaller than the maximum FPEI drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for FTCB and FPEI.
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Volatility
FTCB vs. FPEI - Volatility Comparison
First Trust Core Investment Grade ETF (FTCB) has a higher volatility of 1.57% compared to First Trust Institutional Preferred Securities & Income ETF (FPEI) at 1.16%. This indicates that FTCB's price experiences larger fluctuations and is considered to be riskier than FPEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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