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.
Performance
GTIP vs. FPEI - Performance Comparison
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GTIP vs. FPEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 0.49% | 6.63% | 2.04% | 3.88% | -12.14% | 5.86% | 10.83% | 8.33% | 0.24% |
FPEI First Trust Institutional Preferred Securities & Income ETF | -0.64% | 9.82% | 10.94% | 6.29% | -8.19% | 4.63% | 7.08% | 15.86% | -3.00% |
Returns By Period
In the year-to-date period, GTIP achieves a 0.49% return, which is significantly higher than FPEI's -0.64% return.
GTIP
- 1D
- 0.04%
- 1M
- -1.35%
- YTD
- 0.49%
- 6M
- 0.38%
- 1Y
- 2.93%
- 3Y*
- 3.06%
- 5Y*
- 1.34%
- 10Y*
- —
FPEI
- 1D
- 1.04%
- 1M
- -1.99%
- YTD
- -0.64%
- 6M
- 1.11%
- 1Y
- 7.60%
- 3Y*
- 10.49%
- 5Y*
- 4.17%
- 10Y*
- —
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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.
Return for Risk
GTIP vs. FPEI — Risk / Return Rank
GTIP
FPEI
GTIP vs. FPEI - Risk-Adjusted Trends 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.
| GTIP | FPEI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 1.68 | -0.95 |
Sortino ratioReturn per unit of downside risk | 1.03 | 2.21 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.01 | -0.85 |
Martin ratioReturn relative to average drawdown | 3.44 | 8.34 | -4.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GTIP | FPEI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 1.68 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.71 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.54 | 0.00 |
Correlation
The correlation between GTIP and FPEI is 0.24, 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.
Dividends
GTIP vs. FPEI - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 4.43%, less than FPEI's 5.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.43% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% | 0.00% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.77% | 5.62% | 5.55% | 5.76% | 5.20% | 4.46% | 4.90% | 5.02% | 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.
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Drawdown Indicators
| GTIP | FPEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -27.51% | +13.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.90% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -16.46% | +2.15% |
Current DrawdownCurrent decline from peak | -1.35% | -2.29% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -3.10% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.94% | +0.02% |
Volatility
GTIP vs. FPEI - Volatility Comparison
The current volatility for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is 1.42%, while First Trust Institutional Preferred Securities & Income ETF (FPEI) has a volatility of 2.17%. This indicates that GTIP experiences smaller price fluctuations and is considered to be less risky than FPEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTIP | FPEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 2.17% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.91% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 4.55% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 5.93% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 8.93% | -2.87% |