PREF vs. FPE
Compare and contrast key facts about Principal Spectrum Preferred Secs Active ETF (PREF) and First Trust Preferred Securities & Income ETF (FPE).
PREF and FPE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PREF is an actively managed fund by Principal. It was launched on Jul 10, 2017. 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: PREF or FPE.
Correlation
The correlation between PREF and FPE is 0.43, 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
PREF vs. FPE - Performance Comparison
Key characteristics
PREF:
3.35
FPE:
2.48
PREF:
5.28
FPE:
3.60
PREF:
1.71
FPE:
1.50
PREF:
2.07
FPE:
1.86
PREF:
27.26
FPE:
14.74
PREF:
0.38%
FPE:
0.72%
PREF:
3.12%
FPE:
4.29%
PREF:
-22.99%
FPE:
-33.35%
PREF:
-0.37%
FPE:
-0.17%
Returns By Period
In the year-to-date period, PREF achieves a 0.93% return, which is significantly lower than FPE's 1.22% return.
PREF
0.93%
0.66%
3.81%
10.08%
2.54%
N/A
FPE
1.22%
0.48%
3.08%
10.12%
2.73%
4.96%
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PREF vs. FPE - Expense Ratio Comparison
PREF has a 0.55% expense ratio, which is lower than FPE's 0.85% expense ratio.
Risk-Adjusted Performance
PREF vs. FPE — Risk-Adjusted Performance Rank
PREF
FPE
PREF vs. FPE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Preferred Secs Active ETF (PREF) 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
PREF vs. FPE - Dividend Comparison
PREF's dividend yield for the trailing twelve months is around 4.64%, less than FPE's 5.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREF Principal Spectrum Preferred Secs Active ETF | 4.64% | 4.65% | 4.68% | 4.63% | 4.06% | 4.35% | 4.67% | 5.49% | 2.35% | 0.00% | 0.00% | 0.00% |
FPE First Trust Preferred Securities & Income ETF | 5.17% | 5.69% | 6.04% | 5.67% | 4.50% | 4.88% | 5.32% | 6.14% | 5.39% | 5.98% | 5.49% | 6.00% |
Drawdowns
PREF vs. FPE - Drawdown Comparison
The maximum PREF drawdown since its inception was -22.99%, smaller than the maximum FPE drawdown of -33.35%. Use the drawdown chart below to compare losses from any high point for PREF and FPE. For additional features, visit the drawdowns tool.
Volatility
PREF vs. FPE - Volatility Comparison
Principal Spectrum Preferred Secs Active ETF (PREF) and First Trust Preferred Securities & Income ETF (FPE) have volatilities of 0.75% and 0.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.