SPFF vs. FPEI
Compare and contrast key facts about Global X SuperIncome Preferred ETF (SPFF) and First Trust Institutional Preferred Securities & Income ETF (FPEI).
SPFF and FPEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPFF is a passively managed fund by Global X that tracks the performance of the S&P Enhanced Yield North American Preferred Stock Index. It was launched on Jul 17, 2012. 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: SPFF or FPEI.
Key characteristics
| SPFF | FPEI | |
|---|---|---|
| YTD Return | 13.59% | 11.14% |
| 1Y Return | 22.73% | 18.99% |
| 3Y Return (Ann) | -0.16% | 2.64% |
| 5Y Return (Ann) | 2.80% | 4.33% |
| Sharpe Ratio | 2.31 | 4.87 |
| Sortino Ratio | 3.25 | 8.10 |
| Omega Ratio | 1.44 | 2.16 |
| Calmar Ratio | 1.08 | 1.94 |
| Martin Ratio | 11.84 | 39.17 |
| Ulcer Index | 1.74% | 0.47% |
| Daily Std Dev | 8.94% | 3.81% |
| Max Drawdown | -35.92% | -27.51% |
| Current Drawdown | -0.64% | -0.36% |
Correlation
The correlation between SPFF and FPEI is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPFF vs. FPEI - Performance Comparison
In the year-to-date period, SPFF achieves a 13.59% return, which is significantly higher than FPEI's 11.14% 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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SPFF vs. FPEI - Expense Ratio Comparison
SPFF has a 0.58% expense ratio, which is lower than FPEI's 0.85% expense ratio.
Risk-Adjusted Performance
SPFF vs. FPEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperIncome Preferred ETF (SPFF) 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
SPFF vs. FPEI - Dividend Comparison
SPFF's dividend yield for the trailing twelve months is around 5.74%, more than FPEI's 5.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFF Global X SuperIncome Preferred ETF | 5.74% | 6.64% | 7.20% | 5.84% | 5.80% | 6.01% | 7.64% | 7.29% | 7.08% | 7.54% | 6.82% | 7.37% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.48% | 5.75% | 5.20% | 4.46% | 4.91% | 5.02% | 5.83% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPFF vs. FPEI - Drawdown Comparison
The maximum SPFF drawdown since its inception was -35.92%, which is greater than FPEI's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for SPFF and FPEI. For additional features, visit the drawdowns tool.
Volatility
SPFF vs. FPEI - Volatility Comparison
Global X SuperIncome Preferred ETF (SPFF) has a higher volatility of 2.44% compared to First Trust Institutional Preferred Securities & Income ETF (FPEI) at 0.75%. This indicates that SPFF'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.