PSK vs. FPEI
Compare and contrast key facts about SPDR ICE Preferred Securities ETF (PSK) and First Trust Institutional Preferred Securities & Income ETF (FPEI).
PSK and FPEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSK is a passively managed fund by State Street that tracks the performance of the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index. It was launched on Sep 16, 2009. 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: PSK or FPEI.
Key characteristics
| PSK | FPEI | |
|---|---|---|
| YTD Return | 8.81% | 10.73% |
| 1Y Return | 14.92% | 17.57% |
| 3Y Return (Ann) | -0.92% | 2.61% |
| 5Y Return (Ann) | 1.16% | 4.23% |
| Sharpe Ratio | 1.79 | 4.73 |
| Sortino Ratio | 2.53 | 7.81 |
| Omega Ratio | 1.33 | 2.11 |
| Calmar Ratio | 0.94 | 2.01 |
| Martin Ratio | 8.16 | 37.08 |
| Ulcer Index | 1.93% | 0.48% |
| Daily Std Dev | 8.81% | 3.75% |
| Max Drawdown | -30.10% | -27.51% |
| Current Drawdown | -4.40% | -0.73% |
Correlation
The correlation between PSK and FPEI 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
PSK vs. FPEI - Performance Comparison
In the year-to-date period, PSK achieves a 8.81% return, which is significantly lower than FPEI's 10.73% 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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PSK vs. FPEI - Expense Ratio Comparison
PSK has a 0.45% expense ratio, which is lower than FPEI's 0.85% expense ratio.
Risk-Adjusted Performance
PSK vs. FPEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) 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
PSK vs. FPEI - Dividend Comparison
PSK's dividend yield for the trailing twelve months is around 6.24%, more than FPEI's 5.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSK SPDR ICE Preferred Securities ETF | 6.24% | 6.44% | 6.55% | 5.03% | 5.49% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% | 7.73% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.50% | 5.75% | 5.20% | 4.46% | 4.91% | 5.02% | 5.83% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSK vs. FPEI - Drawdown Comparison
The maximum PSK drawdown since its inception was -30.10%, which is greater than FPEI's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for PSK and FPEI. For additional features, visit the drawdowns tool.
Volatility
PSK vs. FPEI - Volatility Comparison
SPDR ICE Preferred Securities ETF (PSK) has a higher volatility of 3.07% compared to First Trust Institutional Preferred Securities & Income ETF (FPEI) at 0.78%. This indicates that PSK'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.