IPPP vs. FCVT
Compare and contrast key facts about Preferred-Plus ETF (IPPP) and First Trust SSI Strategic Convertible Securities ETF (FCVT).
IPPP and FCVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IPPP is an actively managed fund by Innovative Portfolios. It was launched on Dec 24, 2018. FCVT is an actively managed fund by First Trust. It was launched on Nov 4, 2015.
Performance
IPPP vs. FCVT - Performance Comparison
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IPPP vs. FCVT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IPPP Preferred-Plus ETF | 0.00% |
FCVT First Trust SSI Strategic Convertible Securities ETF | -3.42% |
Returns By Period
IPPP
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCVT
- 1D
- 2.83%
- 1M
- -3.42%
- YTD
- 2.96%
- 6M
- 3.95%
- 1Y
- 28.88%
- 3Y*
- 13.46%
- 5Y*
- 3.16%
- 10Y*
- 10.49%
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IPPP vs. FCVT - Expense Ratio Comparison
IPPP has a 1.27% expense ratio, which is higher than FCVT's 0.95% expense ratio.
Return for Risk
IPPP vs. FCVT — Risk / Return Rank
IPPP
FCVT
IPPP vs. FCVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and First Trust SSI Strategic Convertible Securities ETF (FCVT). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| IPPP | FCVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.81 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.57 | — |
Dividends
IPPP vs. FCVT - Dividend Comparison
IPPP has not paid dividends to shareholders, while FCVT's dividend yield for the trailing twelve months is around 1.65%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPPP Preferred-Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.65% | 1.98% | 1.30% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
Drawdowns
IPPP vs. FCVT - Drawdown Comparison
The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum FCVT drawdown of -31.79%. Use the drawdown chart below to compare losses from any high point for IPPP and FCVT.
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Drawdown Indicators
| IPPP | FCVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -31.79% | +31.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.79% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.88% | +5.88% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -10.52% | +10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.49% | — |
Volatility
IPPP vs. FCVT - Volatility Comparison
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Volatility by Period
| IPPP | FCVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 16.06% | -16.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 13.94% | -13.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 16.94% | -16.94% |