LDP vs. FPEIX

Last updated Jun 4, 2026

LDP (Cohen and Steers Limited Duration Preferred and Income Fund) and FPEIX (First Trust Preferred Securities and Income Fund) are both Preferred Stock/Convertible Bonds funds. Over the past 10 years, LDP returned 6.29%/yr vs 4.98%/yr for FPEIX. At a 0.36 correlation, their price movements are largely independent. LDP charges 0.01%/yr vs 1.00%/yr for FPEIX.

Performance

LDP vs. FPEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen and Steers Limited Duration Preferred and Income Fund (LDP) and First Trust Preferred Securities and Income Fund (FPEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDP achieves a 0.29% return, which is significantly lower than FPEIX's 0.36% return. Over the past 10 years, LDP has outperformed FPEIX with an annualized return of 6.29%, while FPEIX has yielded a comparatively lower 4.98% annualized return.

LDP

• 1D: -0.44%
• 1M: -0.82%
• YTD: 0.29%
• 6M: -0.08%
• 1Y: 7.95%
• 3Y*: 13.54%
• 5Y*: 2.98%
• 10Y*: 6.29%

FPEIX

• 1D: -0.05%
• 1M: -0.04%
• YTD: 0.36%
• 6M: 0.86%
• 1Y: 8.25%
• 3Y*: 9.82%
• 5Y*: 2.99%
• 10Y*: 4.98%

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

LDP vs. FPEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LDP Cohen and Steers Limited Duration Preferred and Income Fund	0.29%	13.04%	18.49%	5.79%	-22.31%	7.81%	9.49%	29.72%	-9.69%	14.56%
FPEIX First Trust Preferred Securities and Income Fund	0.36%	9.48%	10.99%	5.32%	-11.60%	4.85%	6.01%	16.93%	-4.31%	11.57%

Correlation

The correlation between LDP and FPEIX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012	0.36

The correlation between LDP and FPEIX shifts across timeframes, from 0.36 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LDP vs. FPEIX — Risk / Return Rank

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

LDP

LDP Risk / Return Rank: 10
LDP Sharpe Ratio Rank: 11
LDP Sortino Ratio Rank: 10
LDP Omega Ratio Rank: 11
LDP Calmar Ratio Rank: 9
LDP Martin Ratio Rank: 12

FPEIX

FPEIX Risk / Return Rank: 72
FPEIX Sharpe Ratio Rank: 87
FPEIX Sortino Ratio Rank: 92
FPEIX Omega Ratio Rank: 91
FPEIX Calmar Ratio Rank: 41
FPEIX Martin Ratio Rank: 47

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.

LDP vs. FPEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen and Steers Limited Duration Preferred and Income Fund (LDP) and First Trust Preferred Securities and Income Fund (FPEIX). 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.

	LDP	FPEIX	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.83	-1.99
Sortino ratio: Return per unit of downside risk	1.21	4.57	-3.36
Omega ratio: Gain probability vs. loss probability	1.17	1.67	-0.50
Calmar ratio: Return relative to maximum drawdown	0.85	2.44	-1.59
Martin ratio: Return relative to average drawdown	3.56	9.86	-6.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDP vs. FPEIX - Sharpe Ratio Comparison

The current LDP Sharpe Ratio is 0.84, which is lower than the FPEIX Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of LDP and FPEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LDP	FPEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	2.83	-1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.58	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.77	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.84	-0.47

Drawdowns

LDP vs. FPEIX - Drawdown Comparison

The maximum LDP drawdown since its inception was -49.59%, which is greater than FPEIX's maximum drawdown of -27.83%. Use the drawdown chart below to compare losses from any high point for LDP and FPEIX.

Drawdown Indicators

	LDP	FPEIX	Difference
Max Drawdown Largest peak-to-trough decline	-49.59%	-27.83%	-21.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-3.62%	-5.76%
Max Drawdown (3Y) Largest decline over 3 years	-12.02%	-4.11%	-7.91%
Max Drawdown (5Y) Largest decline over 5 years	-32.12%	-19.66%	-12.46%
Max Drawdown (10Y) Largest decline over 10 years	-49.59%	-27.83%	-21.76%
Current Drawdown Current decline from peak	-2.40%	-0.82%	-1.58%
Average Drawdown Average peak-to-trough decline	-6.56%	-2.86%	-3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	0.88%	+1.36%

Volatility

LDP vs. FPEIX - Volatility Comparison

Cohen and Steers Limited Duration Preferred and Income Fund (LDP) has a higher volatility of 2.86% compared to First Trust Preferred Securities and Income Fund (FPEIX) at 0.96%. This indicates that LDP's price experiences larger fluctuations and is considered to be riskier than FPEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDP	FPEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	0.96%	+1.90%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	2.46%	+5.00%
Volatility (1Y) Calculated over the trailing 1-year period	9.54%	3.13%	+6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.43%	5.25%	+8.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	6.54%	+13.55%

LDP vs. FPEIX - Expense Ratio Comparison

LDP has a 0.01% expense ratio, which is lower than FPEIX's 1.00% expense ratio.

Dividends

LDP vs. FPEIX - Dividend Comparison

LDP's dividend yield for the trailing twelve months is around 7.64%, more than FPEIX's 5.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPEIX First Trust Preferred Securities and Income Fund	5.02%	5.40%	5.60%	5.17%	5.30%	4.70%	4.88%	5.36%	5.93%	5.36%	5.66%	5.56%
LDP Cohen and Steers Limited Duration Preferred and Income Fund	7.64%	7.43%	7.78%	8.66%	8.52%	7.99%	6.74%	7.14%	8.58%	7.56%	7.67%	8.31%

Frequently Asked Questions

Can I hold both LDP and FPEIX in my portfolio?

LDP and FPEIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDP or FPEIX?

LDP has higher volatility (2.86%) compared to FPEIX (0.96%). In terms of maximum drawdown, LDP dropped -49.59% vs FPEIX's -27.83%.

Which has better risk-adjusted returns?

FPEIX currently has the higher Sharpe Ratio (2.83 vs 0.84), 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.