PR vs. FPE

Last updated Jul 17, 2026

PR (Permian Resources Corporation) is a stock, while FPE (First Trust Preferred Securities & Income ETF) is Preferred Stock/Convertible Bonds fund actively managed by First Trust. Over the past 3 years, PR returned 28.36%/yr vs 9.94%/yr for FPE. At a 0.20 correlation, their price movements are largely independent.

Performance

PR vs. FPE - Performance Comparison

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

Returns By Period

In the year-to-date period, PR achieves a 43.18% return, which is significantly higher than FPE's 1.35% return.

PR

• 1D: 0.66%
• 1M: 5.79%
• 6M: 40.28%
• YTD: 43.18%
• 1Y: 56.78%
• 3Y*: 28.36%
• 5Y*: —
• 10Y*: —

FPE

• 1D: 0.00%
• 1M: 0.16%
• 6M: 0.63%
• YTD: 1.35%
• 1Y: 6.63%
• 3Y*: 9.94%
• 5Y*: 2.88%
• 10Y*: 4.89%

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

PR vs. FPE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PR Permian Resources Corporation	43.18%	1.89%	11.66%	49.42%	16.87%
FPE First Trust Preferred Securities & Income ETF	1.35%	9.21%	11.17%	6.84%	-2.77%

Correlation

The correlation between PR and FPE is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Sep 1, 2022	0.20

The correlation between PR and FPE shifts across timeframes, from -0.10 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PR vs. FPE — Risk / Return Rank

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

PR

PR Risk / Return Rank: 84
PR Sharpe Ratio Rank: 88
PR Sortino Ratio Rank: 83
PR Omega Ratio Rank: 81
PR Calmar Ratio Rank: 86
PR Martin Ratio Rank: 84

FPE

FPE Risk / Return Rank: 60
FPE Sharpe Ratio Rank: 65
FPE Sortino Ratio Rank: 66
FPE Omega Ratio Rank: 76
FPE Calmar Ratio Rank: 38
FPE Martin Ratio Rank: 52

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.

PR vs. FPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permian Resources Corporation (PR) 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.

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.

	PR	FPE	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.71	+0.01
Sortino ratio: Return per unit of downside risk	2.26	2.43	-0.17
Omega ratio: Gain probability vs. loss probability	1.27	1.35	-0.08
Calmar ratio: Return relative to maximum drawdown	2.92	1.63	+1.28
Martin ratio: Return relative to average drawdown	6.96	7.07	-0.11

PR vs. FPE - Sharpe Ratio Comparison

The current PR Sharpe Ratio is 1.72, which is comparable to the FPE Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of PR and FPE, 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

PR vs. FPE - Drawdown Comparison

The maximum PR drawdown since its inception was -39.39%, which is greater than FPE's maximum drawdown of -33.35%. Use the drawdown chart below to compare losses from any high point for PR and FPE.

Drawdown Indicators

	PR	FPE	Difference
Max Drawdown Largest peak-to-trough decline	-39.39%	-33.35%	-6.04%
Max Drawdown (1Y) Largest decline over 1 year	-19.57%	-4.08%	-15.49%
Max Drawdown (3Y) Largest decline over 3 years	-39.39%	-4.66%	-34.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.35%	—
Current Drawdown Current decline from peak	-11.54%	-0.46%	-11.08%
Average Drawdown Average peak-to-trough decline	-12.57%	-3.31%	-9.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.18%	0.94%	+7.24%

Volatility

PR vs. FPE - Volatility Comparison

Permian Resources Corporation (PR) has a higher volatility of 8.13% compared to First Trust Preferred Securities & Income ETF (FPE) at 0.75%. This indicates that PR's price experiences larger fluctuations and is considered to be riskier than FPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PR	FPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	0.75%	+7.38%
Volatility (6M) Calculated over the trailing 6-month period	23.50%	3.15%	+20.35%
Volatility (1Y) Calculated over the trailing 1-year period	33.33%	3.89%	+29.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.04%	6.62%	+35.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.04%	10.17%	+31.87%

Dividends

PR vs. FPE - Dividend Comparison

PR's dividend yield for the trailing twelve months is around 3.29%, less than FPE's 5.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPE First Trust Preferred Securities & Income ETF	5.93%	5.81%	5.68%	6.03%	5.67%	4.48%	4.88%	5.32%	6.14%	5.39%	5.97%	5.49%
PR Permian Resources Corporation	3.29%	4.28%	5.91%	2.72%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PR and FPE in my portfolio?

PR and FPE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PR or FPE?

PR has higher volatility (8.13%) compared to FPE (0.75%). In terms of maximum drawdown, PR dropped -39.39% vs FPE's -33.35%.

Which has better risk-adjusted returns?

PR currently has the higher Sharpe Ratio (1.72 vs 1.71), 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.