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FPE vs FPEI
First Trust Preferred Securities and Income ETF vs First Trust Institutional Preferred Securities and Income ETF
Key differences
- FPE is significantly larger than FPEI — larger funds tend to be more liquid and less likely to close.
- FPE is classified as fixed income, while FPEI is equity — different risk/return profiles.
- FPE follows a index tracking strategy; FPEI uses active selection.
Side-by-side comparison
| FPE | FPEI | |
|---|---|---|
| Annual cost (TER) | 0.83% | 0.85% |
| Fund size (AUM) | $6.4B | $1.9B |
| Since | 2013 | 2017 |
| Dividend yield | 5.83% | 5.69% |
| Asset class | fixed income | equity |
| Region | north america | — |
| Strategy | index tracking | active selection |
| CAGR 1Y | +9.3% | +9.6% |
| CAGR 3Y | +11.0% | +11.2% |
| CAGR 5Y | +3.2% | +4.2% |
| Sharpe 3Y | 1.43 | 1.73 |
| Volatility 1Y | 3.90% | 3.74% |
| Max drawdown | -33.35% | -27.51% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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