QPFF vs. FPEI

Last updated Jun 5, 2026

QPFF (American Century Quality Preferred ETF) and FPEI (First Trust Institutional Preferred Securities & Income ETF) are both Preferred Stock/Convertible Bonds funds. Both are actively managed. QPFF charges 0.33%/yr vs 0.85%/yr for FPEI.

Performance

QPFF vs. FPEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Quality Preferred ETF (QPFF) and First Trust Institutional Preferred Securities & Income ETF (FPEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QPFF

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FPEI

• 1D: 0.05%
• 1M: 0.62%
• YTD: 1.61%
• 6M: 1.98%
• 1Y: 8.42%
• 3Y*: 10.64%
• 5Y*: 4.21%
• 10Y*: —

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

QPFF vs. FPEI - Yearly Performance Comparison

	2026 (YTD)
QPFF American Century Quality Preferred ETF	0.00%
FPEI First Trust Institutional Preferred Securities & Income ETF	0.66%

Return for Risk

QPFF vs. FPEI — Risk / Return Rank

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

FPEI

FPEI Risk / Return Rank: 71
FPEI Sharpe Ratio Rank: 71
FPEI Sortino Ratio Rank: 83
FPEI Omega Ratio Rank: 87
FPEI Calmar Ratio Rank: 48
FPEI Martin Ratio Rank: 65

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.

QPFF vs. FPEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Quality Preferred ETF (QPFF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QPFF	FPEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.30	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.57	—

Drawdowns

QPFF vs. FPEI - Drawdown Comparison

The maximum QPFF drawdown since its inception was 0.00%, smaller than the maximum FPEI drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for QPFF and FPEI.

Drawdown Indicators

	QPFF	FPEI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-27.51%	+27.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.46%	—
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	0.00%	-3.06%	+3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.73%	—

Volatility

Volatility by Period

	QPFF	FPEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.68%	-3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	5.97%	-5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	8.85%	-8.85%

QPFF vs. FPEI - Expense Ratio Comparison

QPFF has a 0.33% expense ratio, which is lower than FPEI's 0.85% expense ratio.

Dividends

QPFF vs. FPEI - Dividend Comparison

QPFF has not paid dividends to shareholders, while FPEI's dividend yield for the trailing twelve months is around 5.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FPEI First Trust Institutional Preferred Securities & Income ETF	5.72%	5.62%	5.55%	5.76%	5.20%	4.46%	4.90%	5.02%	5.81%	1.50%
QPFF American Century Quality Preferred ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, QPFF or FPEI?

On fees, QPFF is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QPFF or FPEI?

QPFF is cheaper with a 0.33% expense ratio, compared with 0.85% for FPEI.

Which ETF pays a higher dividend yield, QPFF or FPEI?

FPEI has the higher dividend yield at 5.72%, compared with 0.00% for QPFF.

What is the main difference between QPFF and FPEI?

They also come from different issuers: American Century and First Trust. Their fees differ too: 0.33% for QPFF and 0.85% for FPEI.