GTIP vs. FPEI
Compare and contrast key facts about Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and First Trust Institutional Preferred Securities & Income ETF (FPEI).
GTIP and FPEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GTIP is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. It was launched on Oct 2, 2018. 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: GTIP or FPEI.
Key characteristics
| GTIP | FPEI | |
|---|---|---|
| YTD Return | -1.60% | 2.56% |
| 1Y Return | -1.37% | 13.24% |
| 3Y Return (Ann) | -1.58% | 0.91% |
| 5Y Return (Ann) | 1.96% | 3.96% |
| Sharpe Ratio | -0.29 | 2.82 |
| Daily Std Dev | 5.89% | 4.82% |
| Max Drawdown | -14.31% | -27.51% |
| Current Drawdown | -10.70% | -1.23% |
Correlation
The correlation between GTIP and FPEI is 0.21, 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.
Performance
GTIP vs. FPEI - Performance Comparison
In the year-to-date period, GTIP achieves a -1.60% return, which is significantly lower than FPEI's 2.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GTIP vs. FPEI - Expense Ratio Comparison
GTIP has a 0.12% expense ratio, which is lower than FPEI's 0.85% expense ratio.
Risk-Adjusted Performance
GTIP vs. FPEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) 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.
Dividends
GTIP vs. FPEI - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 2.99%, less than FPEI's 5.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 2.99% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% | 0.00% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.72% | 5.76% | 5.20% | 4.46% | 4.90% | 5.01% | 5.81% | 1.50% |
Drawdowns
GTIP vs. FPEI - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, smaller than the maximum FPEI drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for GTIP and FPEI. For additional features, visit the drawdowns tool.
Volatility
GTIP vs. FPEI - Volatility Comparison
Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a higher volatility of 1.55% compared to First Trust Institutional Preferred Securities & Income ETF (FPEI) at 1.16%. This indicates that GTIP'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.