RDFI vs. FPFD

Last updated Apr 1, 2026

Compare and contrast key facts about Rareview Dynamic Fixed Income ETF (RDFI) and Fidelity Preferred Securities & Income ETF (FPFD).

RDFI and FPFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RDFI is an actively managed fund by Rareview Funds. It was launched on Oct 20, 2020. FPFD is an actively managed fund by Fidelity. It was launched on Jun 15, 2021.

Performance

RDFI vs. FPFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview Dynamic Fixed Income ETF (RDFI) and Fidelity Preferred Securities & Income ETF (FPFD). The values are adjusted to include any dividend payments, if applicable.

RDFI vs. FPFD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RDFI Rareview Dynamic Fixed Income ETF	-1.63%	9.83%	13.15%	8.57%	-17.06%	0.72%
FPFD Fidelity Preferred Securities & Income ETF	-0.36%	6.46%	8.50%	10.91%	-17.11%	1.89%

Returns By Period

In the year-to-date period, RDFI achieves a -1.63% return, which is significantly lower than FPFD's -0.36% return.

RDFI

• 1D: 2.16%
• 1M: -5.41%
• YTD: -1.63%
• 6M: -1.18%
• 1Y: 5.64%
• 3Y*: 9.09%
• 5Y*: 2.89%
• 10Y*: —

FPFD

• 1D: 0.39%
• 1M: -2.02%
• YTD: -0.36%
• 6M: -0.21%
• 1Y: 5.18%
• 3Y*: 7.37%
• 5Y*: —
• 10Y*: —

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

RDFI vs. FPFD - Expense Ratio Comparison

RDFI has a 3.69% expense ratio, which is higher than FPFD's 0.59% expense ratio.

RDFI

Rareview Dynamic Fixed Income ETF

FPFD

Fidelity Preferred Securities & Income ETF

Return for Risk

RDFI vs. FPFD — Risk / Return Rank

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

RDFI

RDFI Risk / Return Rank: 34
RDFI Sharpe Ratio Rank: 36
RDFI Sortino Ratio Rank: 32
RDFI Omega Ratio Rank: 38
RDFI Calmar Ratio Rank: 30
RDFI Martin Ratio Rank: 33

FPFD

FPFD Risk / Return Rank: 72
FPFD Sharpe Ratio Rank: 79
FPFD Sortino Ratio Rank: 79
FPFD Omega Ratio Rank: 78
FPFD Calmar Ratio Rank: 64
FPFD Martin Ratio Rank: 60

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.

RDFI vs. FPFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Dynamic Fixed Income ETF (RDFI) and Fidelity Preferred Securities & Income ETF (FPFD). 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.

	RDFI	FPFD	Difference
Sharpe ratio Return per unit of total volatility	0.67	1.47	-0.80
Sortino ratio Return per unit of downside risk	0.92	1.99	-1.07
Omega ratio Gain probability vs. loss probability	1.15	1.29	-0.14
Calmar ratio Return relative to maximum drawdown	0.74	1.59	-0.86
Martin ratio Return relative to average drawdown	3.00	5.82	-2.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDFI vs. FPFD - Sharpe Ratio Comparison

The current RDFI Sharpe Ratio is 0.67, which is lower than the FPFD Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of RDFI and FPFD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RDFI	FPFD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	1.47	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.30	+0.41

Correlation

The correlation between RDFI and FPFD is 0.53, 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.

Dividends

RDFI vs. FPFD - Dividend Comparison

RDFI's dividend yield for the trailing twelve months is around 8.39%, more than FPFD's 5.09% yield.

	TTM	2025	2024	2023	2022	2021	2020
RDFI Rareview Dynamic Fixed Income ETF	8.39%	8.17%	8.14%	7.38%	4.70%	6.78%	1.01%
FPFD Fidelity Preferred Securities & Income ETF	5.09%	5.04%	4.89%	5.09%	5.22%	1.59%	0.00%

Drawdowns

RDFI vs. FPFD - Drawdown Comparison

The maximum RDFI drawdown since its inception was -23.71%, which is greater than FPFD's maximum drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for RDFI and FPFD.

Drawdown Indicators

	RDFI	FPFD	Difference
Max Drawdown Largest peak-to-trough decline	-23.71%	-20.83%	-2.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-3.18%	-4.83%
Max Drawdown (5Y) Largest decline over 5 years	-23.71%	—	—
Current Drawdown Current decline from peak	-6.02%	-2.29%	-3.73%
Average Drawdown Average peak-to-trough decline	-7.34%	-7.04%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	0.87%	+1.09%

Volatility

RDFI vs. FPFD - Volatility Comparison

Rareview Dynamic Fixed Income ETF (RDFI) has a higher volatility of 4.47% compared to Fidelity Preferred Securities & Income ETF (FPFD) at 1.35%. This indicates that RDFI's price experiences larger fluctuations and is considered to be riskier than FPFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDFI	FPFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	1.35%	+3.12%
Volatility (6M) Calculated over the trailing 6-month period	5.70%	2.08%	+3.62%
Volatility (1Y) Calculated over the trailing 1-year period	8.40%	3.54%	+4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.06%	5.38%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.96%	5.38%	+2.58%