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PPSIX vs. FPE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: 0.6

Performance

PPSIX vs. FPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and First Trust Preferred Securities & Income ETF (FPE). The values are adjusted to include any dividend payments, if applicable.

60.00%65.00%70.00%NovemberDecember2025FebruaryMarchApril
59.72%
67.80%
PPSIX
FPE

Key characteristics

Sharpe Ratio

PPSIX:

2.70

FPE:

1.16

Sortino Ratio

PPSIX:

3.77

FPE:

1.57

Omega Ratio

PPSIX:

1.64

FPE:

1.22

Calmar Ratio

PPSIX:

1.63

FPE:

0.96

Martin Ratio

PPSIX:

16.11

FPE:

7.07

Ulcer Index

PPSIX:

0.39%

FPE:

0.75%

Daily Std Dev

PPSIX:

2.30%

FPE:

4.54%

Max Drawdown

PPSIX:

-52.02%

FPE:

-33.35%

Current Drawdown

PPSIX:

-1.54%

FPE:

-3.02%

Returns By Period

In the year-to-date period, PPSIX achieves a 0.13% return, which is significantly higher than FPE's -1.31% return. Over the past 10 years, PPSIX has underperformed FPE with an annualized return of 3.73%, while FPE has yielded a comparatively higher 4.53% annualized return.


PPSIX

YTD

0.13%

1M

-1.43%

6M

0.08%

1Y

6.10%

5Y*

5.60%

10Y*

3.73%

FPE

YTD

-1.31%

1M

-2.70%

6M

-2.27%

1Y

5.03%

5Y*

6.90%

10Y*

4.53%

*Annualized

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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.


Expense ratio chart for FPE: current value is 0.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FPE: 0.85%
Expense ratio chart for PPSIX: current value is 0.79%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PPSIX: 0.79%

Risk-Adjusted Performance

PPSIX vs. FPE — Risk-Adjusted Performance Rank

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

PPSIX
The Risk-Adjusted Performance Rank of PPSIX is 9595
Overall Rank
The Sharpe Ratio Rank of PPSIX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of PPSIX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of PPSIX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of PPSIX is 9292
Calmar Ratio Rank
The Martin Ratio Rank of PPSIX is 9696
Martin Ratio Rank

FPE
The Risk-Adjusted Performance Rank of FPE is 8484
Overall Rank
The Sharpe Ratio Rank of FPE is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of FPE is 8282
Sortino Ratio Rank
The Omega Ratio Rank of FPE is 8585
Omega Ratio Rank
The Calmar Ratio Rank of FPE is 8080
Calmar Ratio Rank
The Martin Ratio Rank of FPE is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for PPSIX, currently valued at 2.70, compared to the broader market-1.000.001.002.003.00
PPSIX: 2.70
FPE: 1.16
The chart of Sortino ratio for PPSIX, currently valued at 3.77, compared to the broader market-2.000.002.004.006.008.0010.00
PPSIX: 3.77
FPE: 1.57
The chart of Omega ratio for PPSIX, currently valued at 1.64, compared to the broader market0.501.001.502.002.503.003.50
PPSIX: 1.64
FPE: 1.22
The chart of Calmar ratio for PPSIX, currently valued at 1.63, compared to the broader market0.005.0010.0015.00
PPSIX: 1.63
FPE: 0.96
The chart of Martin ratio for PPSIX, currently valued at 16.11, compared to the broader market0.0020.0040.0060.00
PPSIX: 16.11
FPE: 7.07

The current PPSIX Sharpe Ratio is 2.70, which is higher than the FPE Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of PPSIX and FPE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.007.00NovemberDecember2025FebruaryMarchApril
2.70
1.16
PPSIX
FPE

Dividends

PPSIX vs. FPE - Dividend Comparison

PPSIX's dividend yield for the trailing twelve months is around 5.43%, less than FPE's 5.88% yield.


TTM20242023202220212020201920182017201620152014
PPSIX
Principal Spectrum Preferred and Capital Securities Income Fund
5.43%5.33%5.35%5.54%4.39%4.46%4.88%5.79%4.87%4.92%5.23%5.33%
FPE
First Trust Preferred Securities & Income ETF
5.88%5.68%6.03%5.67%4.48%4.88%5.32%6.14%5.39%5.97%5.49%6.00%

Drawdowns

PPSIX vs. FPE - Drawdown Comparison

The maximum PPSIX drawdown since its inception was -52.02%, 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.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%NovemberDecember2025FebruaryMarchApril
-1.54%
-3.02%
PPSIX
FPE

Volatility

PPSIX vs. FPE - Volatility Comparison

The current volatility for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) is 0.98%, while First Trust Preferred Securities & Income ETF (FPE) has a volatility of 1.80%. 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.


0.50%1.00%1.50%NovemberDecember2025FebruaryMarchApril
0.98%
1.80%
PPSIX
FPE