PFXF vs. FPEI
Compare and contrast key facts about VanEck Vectors Preferred Securities ex Financials ETF (PFXF) and First Trust Institutional Preferred Securities & Income ETF (FPEI).
PFXF and FPEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFXF is a passively managed fund by VanEck that tracks the performance of the Wells Fargo Hybrid and Preferred Securities ex Financials Index. It was launched on Jul 16, 2012. FPEI is an actively managed fund by First Trust. It was launched on Aug 22, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFXF or FPEI.
Key characteristics
| PFXF | FPEI | |
|---|---|---|
| YTD Return | 3.01% | 4.16% |
| 1Y Return | 9.43% | 16.67% |
| 3Y Return (Ann) | 0.05% | 1.30% |
| 5Y Return (Ann) | 3.98% | 4.31% |
| Sharpe Ratio | 0.96 | 3.71 |
| Daily Std Dev | 9.94% | 4.54% |
| Max Drawdown | -35.49% | -27.51% |
| Current Drawdown | -7.03% | 0.00% |
Correlation
The correlation between PFXF and FPEI is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PFXF vs. FPEI - Performance Comparison
In the year-to-date period, PFXF achieves a 3.01% return, which is significantly lower than FPEI's 4.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PFXF vs. FPEI - Expense Ratio Comparison
PFXF has a 0.41% expense ratio, which is lower than FPEI's 0.85% expense ratio.
Risk-Adjusted Performance
PFXF vs. FPEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Preferred Securities ex Financials ETF (PFXF) 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.
Dividends
PFXF vs. FPEI - Dividend Comparison
PFXF's dividend yield for the trailing twelve months is around 7.72%, more than FPEI's 5.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFXF VanEck Vectors Preferred Securities ex Financials ETF | 7.72% | 7.88% | 6.74% | 4.66% | 5.19% | 5.34% | 6.56% | 5.93% | 5.81% | 5.99% | 5.91% | 6.51% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.63% | 5.76% | 5.20% | 4.46% | 4.90% | 5.01% | 5.81% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PFXF vs. FPEI - Drawdown Comparison
The maximum PFXF drawdown since its inception was -35.49%, which is greater than FPEI's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for PFXF and FPEI. For additional features, visit the drawdowns tool.
Volatility
PFXF vs. FPEI - Volatility Comparison
VanEck Vectors Preferred Securities ex Financials ETF (PFXF) has a higher volatility of 3.59% compared to First Trust Institutional Preferred Securities & Income ETF (FPEI) at 1.35%. This indicates that PFXF's price experiences larger fluctuations and is considered to be riskier than FPEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.