IYG vs. FPE
Compare and contrast key facts about iShares U.S. Financial Services ETF (IYG) and First Trust Preferred Securities & Income ETF (FPE).
IYG and FPE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYG is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financial Services TR. It was launched on Jun 12, 2000. FPE is an actively managed fund by First Trust. It was launched on Feb 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IYG or FPE.
Key characteristics
| IYG | FPE | |
|---|---|---|
| YTD Return | 23.66% | 11.78% |
| 1Y Return | 42.15% | 18.79% |
| 3Y Return (Ann) | 4.92% | 1.27% |
| 5Y Return (Ann) | 10.71% | 3.37% |
| 10Y Return (Ann) | 11.14% | 5.10% |
| Sharpe Ratio | 3.28 | 4.34 |
| Sortino Ratio | 4.28 | 6.65 |
| Omega Ratio | 1.56 | 1.98 |
| Calmar Ratio | 2.13 | 1.49 |
| Martin Ratio | 21.62 | 34.31 |
| Ulcer Index | 2.06% | 0.58% |
| Daily Std Dev | 13.50% | 4.52% |
| Max Drawdown | -81.84% | -33.35% |
| Current Drawdown | -2.76% | -0.70% |
Correlation
The correlation between IYG and FPE is 0.33, 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
IYG vs. FPE - Performance Comparison
In the year-to-date period, IYG achieves a 23.66% return, which is significantly higher than FPE's 11.78% return. Over the past 10 years, IYG has outperformed FPE with an annualized return of 11.14%, while FPE has yielded a comparatively lower 5.10% annualized 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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IYG vs. FPE - Expense Ratio Comparison
IYG has a 0.42% expense ratio, which is lower than FPE's 0.85% expense ratio.
Risk-Adjusted Performance
IYG vs. FPE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financial Services ETF (IYG) and First Trust Preferred Securities & Income ETF (FPE). 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
IYG vs. FPE - Dividend Comparison
IYG's dividend yield for the trailing twelve months is around 1.25%, less than FPE's 5.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYG iShares U.S. Financial Services ETF | 1.25% | 1.77% | 2.07% | 1.25% | 1.71% | 1.59% | 1.81% | 1.24% | 1.28% | 1.33% | 1.14% | 1.04% |
FPE First Trust Preferred Securities & Income ETF | 5.58% | 6.03% | 5.67% | 4.48% | 4.88% | 5.32% | 6.14% | 5.39% | 5.97% | 5.49% | 6.00% | 4.69% |
Drawdowns
IYG vs. FPE - Drawdown Comparison
The maximum IYG drawdown since its inception was -81.84%, which is greater than FPE's maximum drawdown of -33.35%. Use the drawdown chart below to compare losses from any high point for IYG and FPE. For additional features, visit the drawdowns tool.
Volatility
IYG vs. FPE - Volatility Comparison
iShares U.S. Financial Services ETF (IYG) has a higher volatility of 3.95% compared to First Trust Preferred Securities & Income ETF (FPE) at 1.10%. This indicates that IYG's price experiences larger fluctuations and is considered to be riskier than FPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.