Skip to content
Beacon
Screener

FCEF vs FPEI

First Trust Income Opportunity ETF vs First Trust Institutional Preferred Securities and Income ETF

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

FPEI

First Trust Institutional Preferred Securities and Income ETF

First Trust

Annual cost

0.85%

Fund size

$1.9B

Key differences

  • FPEI costs 2.84% less per year.
  • FPEI is significantly larger than FCEF — larger funds tend to be more liquid and less likely to close.
  • FCEF is classified as mixed asset, while FPEI is equity — different risk/return profiles.
  • Over the last 3 years, FCEF has delivered higher annualized returns.

Side-by-side comparison

FCEFFPEI
Annual cost (TER)3.69%0.85%
Fund size (AUM)$75M$1.9B
Since20162017
Dividend yield6.24%5.69%
Asset classmixed assetequity
Region
Strategyactive selectionactive selection
CAGR 1Y+18.7%+9.6%
CAGR 3Y+16.1%+11.2%
CAGR 5Y+6.5%+4.2%
Sharpe 3Y1.191.73
Volatility 1Y7.84%3.74%
Max drawdown-44.81%-27.51%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FCEF and FPEI