FCEF vs FIIG

First Trust Income Opportunity ETF vs First Trust Intermediate Duration Investment Grade Corporate ETF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

First Trust Intermediate Duration Investment Grade Corporate ETF

First Trust Advisors L.P.

Annual cost

0.49%

Fund size

$671M

Key differences

FIIG costs 3.20% less per year.
FIIG is significantly larger than FCEF — larger funds tend to be more liquid and less likely to close.
FCEF is classified as mixed asset, while FIIG is fixed income — different risk/return profiles.
FCEF follows a active selection strategy; FIIG uses index tracking.
FCEF has a longer track record, which may reduce uncertainty around long-term behavior.