JPDIX vs. FPFD

Last updated Jun 25, 2026

JPDIX (JPMorgan Preferred and Income Securities Fund) and FPFD (Fidelity Preferred Securities & Income ETF) are both Preferred Stock/Convertible Bonds funds. Over the past 3 years, JPDIX returned 9.60%/yr vs 7.78%/yr for FPFD. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.59% expense ratio.

Performance

JPDIX vs. FPFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Preferred and Income Securities Fund (JPDIX) and Fidelity Preferred Securities & Income ETF (FPFD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPDIX achieves a 1.18% return, which is significantly higher than FPFD's 0.75% return.

JPDIX

• 1D: 0.00%
• 1M: 0.56%
• YTD: 1.18%
• 6M: 1.73%
• 1Y: 6.67%
• 3Y*: 9.60%
• 5Y*: —
• 10Y*: —

FPFD

• 1D: 0.09%
• 1M: 0.07%
• YTD: 0.75%
• 6M: 0.72%
• 1Y: 5.06%
• 3Y*: 7.78%
• 5Y*: 1.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPDIX vs. FPFD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPDIX JPMorgan Preferred and Income Securities Fund	1.18%	8.64%	10.59%	7.02%	-8.33%
FPFD Fidelity Preferred Securities & Income ETF	0.75%	6.46%	8.50%	10.91%	-9.07%

Correlation

The correlation between JPDIX and FPFD is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022	0.68

The correlation between JPDIX and FPFD has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

Return for Risk

JPDIX vs. FPFD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPDIX

JPDIX Risk / Return Rank: 76
JPDIX Sharpe Ratio Rank: 83
JPDIX Sortino Ratio Rank: 93
JPDIX Omega Ratio Rank: 91
JPDIX Calmar Ratio Rank: 46
JPDIX Martin Ratio Rank: 68

FPFD

FPFD Risk / Return Rank: 53
FPFD Sharpe Ratio Rank: 58
FPFD Sortino Ratio Rank: 61
FPFD Omega Ratio Rank: 61
FPFD Calmar Ratio Rank: 41
FPFD Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPDIX vs. FPFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Preferred and Income Securities Fund (JPDIX) and Fidelity Preferred Securities & Income ETF (FPFD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JPDIX	FPFD	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.72	+0.69
Sortino ratio: Return per unit of downside risk	4.27	2.53	+1.75
Omega ratio: Gain probability vs. loss probability	1.62	1.33	+0.29
Calmar ratio: Return relative to maximum drawdown	2.37	1.85	+0.52
Martin ratio: Return relative to average drawdown	11.65	6.46	+5.19

JPDIX vs. FPFD - Sharpe Ratio Comparison

The current JPDIX Sharpe Ratio is 2.41, which is higher than the FPFD Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of JPDIX and FPFD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPDIX vs. FPFD - Drawdown Comparison

The maximum JPDIX drawdown since its inception was -14.56%, smaller than the maximum FPFD drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for JPDIX and FPFD.

Drawdown Indicators

	JPDIX	FPFD	Difference
Max Drawdown Largest peak-to-trough decline	-14.56%	-20.83%	+6.27%
Max Drawdown (1Y) Largest decline over 1 year	-2.92%	-2.75%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-4.27%	-4.92%	+0.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.83%	—
Current Drawdown Current decline from peak	-0.20%	-1.20%	+1.00%
Average Drawdown Average peak-to-trough decline	-3.43%	-6.75%	+3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	0.78%	-0.19%

Volatility

JPDIX vs. FPFD - Volatility Comparison

JPMorgan Preferred and Income Securities Fund (JPDIX) and Fidelity Preferred Securities & Income ETF (FPFD) have volatilities of 0.73% and 0.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPDIX	FPFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.75%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.38%	2.29%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	2.87%	2.98%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.14%	5.31%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.14%	5.29%	-0.15%

JPDIX vs. FPFD - Expense Ratio Comparison

Both JPDIX and FPFD have an expense ratio of 0.59%.

Dividends

JPDIX vs. FPFD - Dividend Comparison

JPDIX's dividend yield for the trailing twelve months is around 5.65%, more than FPFD's 5.15% yield.

Position	TTM	2025	2024	2023	2022	2021
FPFD Fidelity Preferred Securities & Income ETF	5.15%	5.04%	4.89%	5.09%	5.22%	1.59%
JPDIX JPMorgan Preferred and Income Securities Fund	5.65%	5.53%	4.97%	4.45%	2.19%	0.00%

Frequently Asked Questions

Can I hold both JPDIX and FPFD in my portfolio?

JPDIX and FPFD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPDIX or FPFD?

FPFD has higher volatility (0.75%) compared to JPDIX (0.73%). In terms of maximum drawdown, JPDIX dropped -14.56% vs FPFD's -20.83%.

Which has better risk-adjusted returns?

JPDIX currently has the higher Sharpe Ratio (2.41 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.