PPSIX vs. FPE
Compare and contrast key facts about Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and First Trust Preferred Securities & Income ETF (FPE).
PPSIX is managed by Principal. It was launched on Apr 30, 2002. 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: PPSIX or FPE.
Key characteristics
| PPSIX | FPE | |
|---|---|---|
| YTD Return | 9.10% | 11.11% |
| 1Y Return | 14.04% | 18.02% |
| 3Y Return (Ann) | 0.96% | 0.98% |
| 5Y Return (Ann) | 3.09% | 3.63% |
| 10Y Return (Ann) | 4.38% | 5.13% |
| Sharpe Ratio | 5.09 | 3.58 |
| Daily Std Dev | 2.81% | 5.08% |
| Max Drawdown | -52.01% | -33.35% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PPSIX and FPE is 0.56, 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
PPSIX vs. FPE - Performance Comparison
In the year-to-date period, PPSIX achieves a 9.10% return, which is significantly lower than FPE's 11.11% return. Over the past 10 years, PPSIX has underperformed FPE with an annualized return of 4.38%, while FPE has yielded a comparatively higher 5.13% 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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PPSIX vs. FPE - Expense Ratio Comparison
PPSIX has a 0.79% expense ratio, which is lower than FPE's 0.85% expense ratio.
Risk-Adjusted Performance
PPSIX vs. FPE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) 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
PPSIX vs. FPE - Dividend Comparison
PPSIX's dividend yield for the trailing twelve months is around 5.17%, less than FPE's 5.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPSIX Principal Spectrum Preferred and Capital Securities Income Fund | 5.17% | 5.33% | 5.54% | 4.39% | 4.44% | 4.87% | 5.79% | 5.04% | 5.86% | 6.09% | 7.11% | 8.65% |
FPE First Trust Preferred Securities & Income ETF | 5.48% | 6.03% | 5.67% | 4.48% | 4.88% | 5.32% | 6.14% | 5.39% | 5.97% | 5.49% | 6.00% | 4.69% |
Drawdowns
PPSIX vs. FPE - Drawdown Comparison
The maximum PPSIX drawdown since its inception was -52.01%, which is greater than FPE's maximum drawdown of -33.35%. Use the drawdown chart below to compare losses from any high point for PPSIX and FPE. For additional features, visit the drawdowns tool.
Volatility
PPSIX vs. FPE - Volatility Comparison
The current volatility for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) is 0.36%, while First Trust Preferred Securities & Income ETF (FPE) has a volatility of 0.78%. This indicates that PPSIX experiences smaller price fluctuations and is considered to be less risky than FPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.